Latest Permian Basin Oil Supply Surge to Feed Global Markets – Bloomberg

•U.S. refiners may not have much room to take more lighter oil Exports of the Permian Basin’s newest kind of oil are set to jump as production surges, exceeding the appetite of U.S. refiners. Sales of the new grade, known as West Texas Light, began in September, as explorers sought to separate out increasingly lighter […]

Read More Latest Permian Basin Oil Supply Surge to Feed Global Markets – Bloomberg

Canada Likely to Proceed With Trans Mountain Expansion

(Bloomberg) — The Canadian government is likely to proceed with expansion of the Trans Mountain oil pipeline when it announces its final decision on the conduit next month, officials familiar with the matter say. The government has made no secret about its interest in finding a way to expand the line, but has tiptoed around […]

Read More Canada Likely to Proceed With Trans Mountain Expansion
Featured

TEAL project second phase ready for full in-service, Enbridge tells regulators | S&P Global Platts

Enbridge asked US regulators on Tuesday to place in service the remaining facilities on the second phase of its Texas Eastern Appalachian Lease project, an expansion that is designed to increase acces — Read on http://www.spglobal.com/platts/en/market-insights/latest-news/natural-gas/041619-teal-project-second-phase-ready-for-full-in-service-enbridge-tells-regulators

Read More TEAL project second phase ready for full in-service, Enbridge tells regulators | S&P Global Platts
Featured

Market Solution: New Pipeline Capacity Dwarfs Flared Gas Volumes in the Permian

Texans for Natural Gas The proposed pipeline capacity expected to come online in the Permian Basin over the next three years is vastly greater than the estimated volumes of flared gas, according to a Texans for Natural Gas analysis. Recent media reports have called attention to flaring levels in the Permian as production has increased, with one environmental […]

Read More Market Solution: New Pipeline Capacity Dwarfs Flared Gas Volumes in the Permian

Alaska might give up on North Slope gas pipeline, LNG export terminal: official | S&P Global Platts

Anchorage — The new CEO of Alaska’s state gas corporation told legislators Thursday he is prepared to shut down the project and return unused funds to the state treasury if customers or investors do not appear in the next few months. Joe Dubler was named in January as CEO of the Alaska Gasline Development Corp. by […]

Read More Alaska might give up on North Slope gas pipeline, LNG export terminal: official | S&P Global Platts

Enterprise begins service on Permian Basin to Mont Belvieu NGL pipeline – HoustonChronicle.com

Houston-based midstream company Enterprise Products Partners has started service on the Shin Oak NGL Pipeline, a project to move natural gas liquids from the Permian Basin of West Texas to a processing and storage facility in southeast Texas. — Read on http://www.houstonchronicle.com/business/energy/article/Enterprise-begin-service-on-Permian-Basin-to-Mont-13652119.php

Read More Enterprise begins service on Permian Basin to Mont Belvieu NGL pipeline – HoustonChronicle.com

Oilfield services companies face another tough slog – HoustonChronicle.com

Weatherford International’s stock is trading below $1 a share. Schlumberger expects growth in its shale business to flatten or decline. General Electric reduced its ownership stake of Baker Hughes. Halliburton’s stock market value has fallen below what it was at one of the worst points of the last oil bust. Energy services companies are facing […]

Read More Oilfield services companies face another tough slog – HoustonChronicle.com

Oil surges almost 4 percent on trade truce, expected supply cuts | Reuters

NEW YORK (Reuters) – Oil prices jumped nearly four percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute and Canada’s Alberta province ordered a production cut, while exporter group OPEC looked set to reduce supply.  Brent crude futures rose $2.23 to settle at $61.69 a barrel, […]

Read More Oil surges almost 4 percent on trade truce, expected supply cuts | Reuters
Featured

U.S. natural gas exports to Mexico hit new record – Houston Chronicle

U.S. natural gas exports to Mexico hit a new record amid sagging production south of the border. Mexico imported about 6 billion cubic feet of natural per day from the United States in August, the U.S. Energy Information Administration reported late Thursday afternoon. — Read on m.chron.com/business/energy/article/U-S-natural-gas-exports-to-Mexico-hit-new-record-13432621.php

Read More U.S. natural gas exports to Mexico hit new record – Houston Chronicle
Featured

U.S. pipeline operators reap hefty profits from bottlenecks in Texas | Reuters

Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports. — Read on http://www.reuters.com/article/usa-crude-pipelines/u-s-pipeline-operators-reap-hefty-profits-from-bottlenecks-in-texas-idUSL2N1XI2E3

Read More U.S. pipeline operators reap hefty profits from bottlenecks in Texas | Reuters