Report highlights the benefits of an ethane storage hub located in the Appalachian Region WASHINGTON, D.C. – The U.S. Department of Energy (DOE) published a Report to Congress: Ethane Storage and Distribution Hub in the United States. The report highlights the potential in Appalachia for the development of a new ethane hub based on the tremendous low-cost resource from… Keep reading →
As shut down notices continue to roll in, it appears that the level of damage wrought by Hurricane Harvey to oil and gas infrastructure along the Gulf Coast may vary significantly by asset class in the final analysis.
Tropical Storm Bill has made landfall on the Texas coast along Matagorda Island, northeast of Corpus Christi with emergency services preparing for further flooding and infrastructural damage. “The National Hurricane Center in Miami says Tropical Storm Bill had maximum sustained winds of 60 mph Tuesday morning as it came ashore about 90 miles southwest of Houston.… Keep reading →
Continued growth of U.S. unconventional oil and gas production has made oil and gas exports attractive for industry. On February 10, 2015, the Energy Information Administration (EIA) issued a report highlighting the significant decrease in light crude oil imports to the U.S. Gulf Coast area, with light-sweet crude imports virtually eliminated in 2014. Since 2010,… Keep reading →
Record setting US oil production growth is altering physical oil flows, flipping supply-demand fundamentals and leaving market observers searching for tools that can provide insight into these new price formation elements. Pipeline reversals and infrastructure expansion along the Gulf has debottlenecked the Cushing, Oklahoma storage hub, which has redrawn traditional oil grade basis differentials. Energy market… Keep reading →
The US oil and gas industry has seen tremendous growth over the past several years, following a period of low oil prices and declining production. And job growth in the sector reflects a robust and growing need to both replace retiring workers and fill new positions. Forbes’ latest rankings of the 15 most valuable college… Keep reading →
This week’s central Gulf of Mexico lease auction, which saw oil and natural gas companies pledge more than $850 million in winning amounts, certainly helps support the United States’ status as an energy superpower. Developing more of our own oil and natural gas – and this week’s auction is a big step toward production – makes our… Keep reading →
Rising oil output in the US has already begun to alter the traditional price relationship between US and international crudes, and continued production growth could lead to a domestic glut of certain grades, adding to pressure to lift restrictions on crude exports. The stunning turnaround in the US’ oil fortunes has made plenty of headlines,… Keep reading →
United States law prohibits exports of crude oil and condensate except under certain conditions, while exports of refined products and natural gas are far less restricted. While these laws had little impact when the country was in a position of oil and gas scarcity, the country’s newfound energy abundance has rendered some of them obsolete,… Keep reading →
ExxonMobil is famously tight-lipped and conservative, and its quarterly earnings calls rarely produce much in the way of stunning news or salacious gossip. But the company’s discussions of ongoing operations at important projects – such as massive oil sands investments, Russian gas export facilities and Alaskan infrastructure targets – touch on some of the trickiest and… Keep reading →
