Industry News

HGPA news feed

The Natural Gas Industry is constantly growing and changing, so from time to time HGPA and GPA have news that we want to share with our members and the Midstream Community.
 
You can check out our News Releases and updated articles from other internet sources regarding the natural gas industry here on our HGPA News Feed. So check back often and stay up to date! 

Latest Articles

10/19/2018
A fire near a Chevron Corp. natural gas pipeline in Pittsburg, Calif., has been put out after prompting the shutdown of the line and the evacuation of about 4,000 people, fire officials said on Oct. 18. “At around 8 p.m. PDT on Wednesday, Chevron Pipe Line Company (CPL) was notified of a fire caused by an electrical power line falling which started a fire near our valve junction on the Northern California Gas Line,” Chevron said in a statement. The Contra Costa County Fire Protection District announced at 2:30 p.m. on Oct. 18 that the evacuation order due to the incident had been lifted.
10/19/2018
OPEC is struggling to add barrels to the market after agreeing in June to increase output, an internal document seen by Reuters showed, as an increase in Saudi Arabia was offset by declines in Iran, Venezuela and Angola. OPEC and allies agreed in June to boost supply as President Trump urged producers to offset losses caused by sanctions on Iran and to dampen rising prices.
10/19/2018
Oil prices rose on Oct. 19 on signs of surging demand in China, the world's second-biggest oil consumer, although the market was heading for a second week of losses on concern that trade wars were curbing economic activity and rising U.S. inventories.
10/19/2018
State-owned Abu Dhabi National Oil Co (ADNOC) is looking to sell a stake in its multibillion-dollar pipeline infrastructure assets, three financial sources said. ADNOC has embarked on a major transformation drive in the past two years to make it more competitive and commercially focused like other state-owned peers, selling and listing stakes in parts of its business. A spokesman for ADNOC said the company was exploring a number of "potential innovative transaction opportunities" to improve its asset base and capital structure.
10/19/2018
Unipec Asia, the trading arm of Chinese oil major Sinopec , is in talks to buy more liquefied natural gas (LNG) from the Exxon Mobil Corp-operated Papua New Guinea project, five industry sources told Reuters.
10/18/2018
The Environmental Protection Agency can allow sales of higher-ethanol blends of gasoline year-round without Congress, its acting administrator said on Oct. 18, adding that the oil industry should drop its threat of a lawsuit to halt the move.
10/18/2018
Many investors and economists have viewed the buildup of tariffs as a temporary annoyance that would dissolve ahead of the U.S. midterm elections in November. Their logic was that the two countries would not risk the economic damage of a prolonged trade war. However, that is not how it is playing out. “There is quite a lot of talk now that this is going to be a permanent new situation, that we are heading for a new cold war,” Patrik Schowitz, global strategist at J.P. Morgan Asset Management, told CNBC. “So, I think people are starting to price in the worst possible outcome.”
10/18/2018
The most likely outcome of the investigations into the disappearance of Saudi Arabian national Jamal Khashoggi will be targeted U.S. sanctions against Saudi Arabian individuals. Likely enough that the Trump administration can argue they are punishing the bad actors, but not so much that Riyadh will be forced to respond. Assuming both sides react in a calm measured fashion, crude oil flows should be unscathed.
10/18/2018
Crimson Midstream LLC and MPLX LP Oct. 17 announced the commencement of a binding open season to assess interest and solicit commitments from prospective shippers for transportation service on the Swordfish Pipeline. The Swordfish Pipeline is being jointly developed by Crimson and MPLX to provide connectivity from existing terminal facilities in St. James, La., and Raceland, La., to the Louisiana Offshore Oil Port LLC (LOOP) terminal facility in Clovelly, La. The proposed pipeline would be a multi-diameter batched system with the ability to transport up to 600,000 barrels of crude oil per day and provide shippers with access to storage services, vessel loading, as well as connectivity to other carriers at the Clovelly Hub. The in-service date for the Swordfish Pipeline is anticipated to be in the first half of 2020.
10/18/2018
In the middle of a Sino-U.S. trade war, the world's largest publicly traded oil and gas company is turning toward Beijing for business at a time when most of corporate America is looking elsewhere to avoid the threat of tariffs. Exxon Mobil Corp. is placing big bets on China's soaring LNG demand, coupling multibillion-dollar production projects around the world with its first mainland storage and distribution outlet.

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