Archives for November 2018
Energy Transfer, Targa announce Mont Belvieu and pipeline expansions
Houston’s Targa Resources and Dallas’ Energy Transfer said Thursday they’re both building new facilities east of Houston in Mont Belvieu to process all of the natural gas liquids pumped out of onshore shale wells, especially...
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Anadarko sells pipelines for $4B to merged Western Gas spinoff
Anadarko Petroleum said Thursday it will sell its remaining pipeline assets for $4 billion to its decade-old pipeline spinoff Western Gas Partners. Source: FuelFix
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API urges offshore drillers to use automatic shutoff valves
Offshore oil and gas drillers need to take greater caution to protect against spills during disruptions like hurricanes and power outages, the American Petroleum Institute recommended in new standard released Thursday. Source: FuelFix
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Russian oil may gain a lot by giving a little on OPEC U-turn
Russia’s oil industry is feeling the pressure of a possible return of production caps. In fact, by sacrificing a fraction of output, the companies could see their stocks rise. Source: FuelFix
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Oil rises after eight days of losses as OPEC considers cuts
Oil gained after an eight-day losing streak in New York as OPEC was said to consider cutting output again, offsetting concerns that crude is continuing to pile up in the U.S. West Texas Intermediate futures...
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