Transco pipeline network funneling record volume to heat the Northeast
The nation’s largest natural gas pipeline system is funneling more gas than ever from Texas to help warm the Eastern Seaboard. Oklahoma-based Williams said its crown jewel Transco interstate pipeline network is delivered record-setting natural...
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Will Exxon’s new Guyana discoveries fly without more infrastructure?
Analysts are beginning to worry that Exxon Mobil’s large Guyana discovery could be hamstrung by a lack of pipelines and infrastructure. Exxon announced on Thursday its second oil discovery on Guyana’s Stabroek Block. The Payara-1...
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Natural gas prices fall to lowest level since 1999
Natural gas prices averaged out at their lowest level in nearly two decades, the U.S. Energy Information Administration reported Friday. The Henry Hub national benchmark only averaged $2.49 per million British Thermal Units, a fraction...
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Hess boosts 2017 drilling by $350 million
The oil company Hess Corp. is boosting its production and exploration budget to $2.25 billion this year, an increase of $350 million or 20 percent over last year’s budget. It includes additional rigs in North...
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Kinder Morgan receives final Canadian approval for $5.4 billion pipeline project
Kinder Morgan received the final environmental approval from British Columbia to proceed with its $5.4 billion Trans Mountain oil pipeline expansion. The project to ship heavy crude from oil sands in Alberta to Vancouver-area ports...
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