Tuesday, December 18, 2018

S Natural Gas Liquids News

Energy Transfer Defends Mariner East 2 NGL Pipe Plan in Pennsylvania

Photo: Energy Transfer

Energy Transfer LP representatives are heading to Pennsylvania's capital on Thursday for a hearing before utility regulators to defend the company's plan to put the Sunoco Mariner East 2 natural gas liquids pipe into service by year end.Energy Transfer…

Mariner East 2 Expected to Enter Service in Q4

U.S. energy company Energy Transfer LP plans to start service on its Sunoco Mariner East 2 natural gas liquids pipeline in Pennsylvania during the fourth quarter of 2018, an analyst following the company said on Monday.Energy Transfer told analysts at Height Capital Markets in Washington…

Devon Energy Sees Higher US Output in Third Quarter

Shale producer Devon Energy on Tuesday forecast higher U.S.

Middle East Oil & Gas Shipping Routes are at Risk

© Igor Groshev / Adobe Stock

Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen's Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world's top oil exporting region.Iran, in its row with the United States over sanctions…

Norway Oil Workers, Employers Reach Deal to End Strike

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Norwegian drilling rigs workers will end their industrial action after the union representing 1,600 striking employees reached a deal with the group acting for their employers, the parties said on Thursday.The strike began on July 10 after the Safe union…

No Contact Yet Between Parties in Norway Oil Strike

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A Norwegian union representing striking oil workers and employers' representatives were not talking to each other as of Thursday, days before a possible escalation of the industrial action.Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal…

Hundreds of Oil Workers Strike in Norway

Photo: Harald Pettersen / © Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers…

Hundreds of Norway Oil Workers Go On Strike

Photo courtesy of Equinor

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike on Tuesday after rejecting a proposed wage deal, leading to the shutdown of one Shell-operated field and helping send Brent crude prices higher.One union said hundreds more workers…

Phillips 66 to Expand Texas Natural Gas Liquids Project

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U.S. oil refiner Phillips 66 said on Wednesday it planned to spend up to $1.5 billion on the expansion of its natural gas liquids project in Sweeny, Texas.The expansion includes the construction of two natural gas liquids fractionators, with a capacity of 150…

Pennsylvania Halts ETP Sunoco Mariner East Pipeline Again

Photo: Sunuco Pipeline

An administrative law judge for the Pennsylvania Public Utility Commission (PUC) granted a request to stop construction on Energy Transfer Partner LP's (ETP) Mariner East 2 and 2X pipelines and halt flows on the existing Mariner East 1 natural gas liquids pipe.* Katie Bays…

Emerson Launches Roxar Tempest 8.2

Photo: Emerson

Emerson has launched Roxar Tempest 8.2 – the latest version of its reservoir management software, bringing advanced uncertainty analysis tools and increased support to the Big Loop workflow and robust risk analysis and reserves estimates across the seismic to simulation workflow.

Petrobras March Production Dips

GerarNova Image courtesy Petrobras

Petrobras reports that, in March its total production of oil and gas, including natural gas liquids (NGL), was 2.66 million barrels of oil equivalent per day (boed), with 2.56 million boed produced in Brazil and 99 thousand boed produced abroad. Total production…

Oil Producer Norway Starts Wage Talks to Avert Widespread Strikes

© Elmer Laahne / Adobe Stock

Norwegian employers and labour unions embarked on four weeks' of wage talks on Monday to stave off widespread strikes that risk impacting output in western Europe's biggest crude producer. Unlike most years, in which wages are set on an industry-by-industry basis to reduce complexity…

U.S. Shale Surge Sends Warning to OPEC: Kemp

File Image (CREDIT: AdobeStock / (c) Shamtor)

U.S. crude oil production is set to increase by more than 1.2 million barrels per day in 2018 compared with 2017, according to the latest short-term forecasts from the U.S. Energy Information Administration. U.S. crude production will average almost 10.6…

Anadarko Posts Quarterly Profit on Higher Crude Prices

(Photo: Anadarko)

Anadarko Petroleum Corp on Tuesday beat analysts' estimate for quarterly profit, helped by improved crude oil prices and lower costs. Crude prices are recovering from the lows hit in 2016 after a global crude oil glut. The company cut its 2018 capital investment outlook to a range of$4.1 billion to $4.5 billion…

Why Canada is the Next Frontier for Shale Oil

File photo: Suncor Energy Inc.

The revolution in U.S. shale oil has battered Canada's energy industry in recent years, ending two decades of rapid expansion and job creation in the nation's vast oil sands. Now Canada is looking to its own shale fields to repair the economic damage. Canadian…

ICE Moving Oil Contracts to U.S. as MiFID II Implement

File Image (CREDIT: AdobeStock / (c) scanrail)

The Intercontinental Exchange (ICE), one of the world's biggest commodity exchanges, is shifting the trading of some oil contracts to the United States, the exchange said in a statement, as customers balk at new European Union rules. The EU's revamped Markets in Financial Instruments Directive…

Booming Demand Erodes Oil Inventories: Kemp

File Image (CREDIT: AdobeStock / (c) Leeylutung)

Global oil consumption is growing rapidly, helping account for the decline in reported inventories, the recent surge in prices and the shift in futures markets from contango to backwardation. Consumption is much harder to measure than production, which is why the demand side of the market receives less attention.

Keyera, Chevron Ink NGL Transport, Storage Deal

Canadian pipeline operator Keyera Corp said on Tuesday it signed a 20-year agreement with Chevron's Canadian unit to transport and store natural gas liquids (NGL). Under the deal, Chevron will deliver about 50 percent of its NGL from its Kaybob Duvernay operations near Fox Creek…

Total, Eni, Statoil Seek to Shed Teesside Terminal Stakes

Total, Eni and Statoil are seeking buyers for their stake in the Teesside oil terminal in northern England, which receives crude from the Norwegian Ekofisk fields, part of the global Brent benchmark, banking sources said. The sale is run jointly by investment bank Rothschild and may fetch as much as $400 million…