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HomeMidstream

Midstream

Savannah
Exploration and Production

Savannah Energy acquires ExxonMobil’s asset in Chad and Cameroon

December 12, 2022 Mariel Alumit

Africa-focused British independent energy company, Savannah Energy acquires oil and gas supermajor ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon The acquisition includes ExxonMobil’s entire upstream and midstream asset portfolio in the […]

Nord Stream
International News

Nord Stream leaks confirmed as sabotage, Sweden says

November 21, 2022 Mariel Alumit

(Reuters) Investigators have found traces of explosives at the site of the damaged Nord Stream gas pipelines, confirming sabotage had taken place, a Swedish prosecutor said. Swedish and Danish authorities are investigating four holes in the Nord […]

Equitrans Midstream Corp. Loses Over One Billion Cubic Feet Of Natural Gas In Leak
Finance

Equitrans Midstream Corp. Loses Over One Billion Cubic Feet Of Natural Gas In Leak

November 20, 2022 Mariel Alumit

A natural gas leak at a Pennsylvania facility which had released fuel for 11 days was responsible for putting over 1 billion cubic feet of gas into the atmosphere, according to the facility operator. On […]

Diamondback
Earnings

Diamondback Energy: The Pending Firebird’s Acquisition Is A Positive

November 15, 2022 Mariel Alumit

Summary Diamondback Energy announced the third quarter of 2022 results on November 7, 2022. The quarter’s revenues were $2,437 million, with a net income of $1,184 million or $6.72 per diluted share. Production for 3Q22 […]

Germany
Crude Oil News

Germany to take full ownership of key gas player SEFE after EC approval

November 14, 2022 Mariel Alumit

Germany is to take full ownership of key gas market player SEFE — formerly Gazprom Germania — to ensure German gas supply security, the economy ministry said Nov. 14, following EU approval of a state […]

crude
Crude Oil News

USGC heavy crude prices may remain under pressure until Canada’s Trans Mountain expansion enters service

November 10, 2022 Mariel Alumit

Record-low differentials for heavy crudes that compete on the US Gulf Coast may not rebound until the Trans Mountain pipeline expansion enters service and diverts Canadian sour barrels away from the US and toward Canada’s […]

Natural Gas
Midstream

Texas Natural Gas Drops Toward Zero as Output Swamps Pipelines

October 25, 2022 Mariel Alumit

(Bloomberg) — Natural gas prices in the Permian Basin of West Texas are plunging toward zero as booming production overwhelms pipeline networks, creating a regional glut of the fuel. Gas in an area of the […]

Permian Basin
Downstream

The Permian Basin: A Texas-Sized Resource

September 27, 2022 Mariel Alumit

The Permian Basin is among the most important energy-producing regions in the world. About 72 percent of Texas oil production and 46 percent of Texas natural gas production occurs there, and the area is a […]

Enterprise
Crude Oil News

On Heels of Record Earnings, Enterprise Launches Permian Natural Gas, Oil Expansions

August 4, 2022 Mariel Alumit

Enterprise Products Partners LP said Wednesday it would ramp up its infrastructure in the prolific Permian Basin to increase capacity and meet expectations of long-term demand for natural gas and other fossil fuels. The Houston-based […]

Tennessee Gas Pipeline
Midstream

Market watching Q2 US midstream earnings, weighing recession resistance

July 21, 2022 Mariel Alumit

Investors will watch second-quarter midstream earnings presentations for signs that companies can navigate volatile commodity prices and concerns about the rising risk of economic recession. Analyst predictions remained largely positive against a favorable backdrop for […]

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