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

04/19/2018
Freeport LNG, a privately held U.S. LNG company, said on April 19 it pushed back the projected start date for its $13 billion export terminal under construction in Texas by about nine months to around Sept. 1, 2019. Freeport LNG now expects the first liquefaction train to enter service around Sept. 1, 2019, with the second and third trains seen in service around Jan. 1 and May 1, 2020, respectively, said Zdenek Gerych, a spokesman at Freeport. Previously, the three trains under construction had been expected to enter service between fourth-quarter 2018 and the final quarter of 2019. Each train will have the capacity to liquefy about 0.7 billion cubic feet (bcf) per day of gas. One bcf is enough gas to supply about 5 million U.S. homes for a day.
04/19/2018
Canadian Prime Minister Justin Trudeau said on April 19 a Kinder Morgan Inc. oil pipeline at the center of a dispute would be built in a way which best serves the interests of Canadians. Speaking in London, Trudeau said he had asked the finance minister to engage in discussions with Kinder Morgan on the project.
04/19/2018
NGL prices rose across the board last week as the Middle East heated up and the northern half of the U.S. cooled off. Ethane cracked 27 cents per gallon (gal) at Mont Belvieu, Texas, for the first time since the end of January with the margin improving by 8.85% to about 9 cents/gal. The hypothetical NGL barrel climbed above $31 for the first time in seven weeks. Traders have a tendency to react to instability in inherently unstable regions but this time, En*Vantage notes, prices should be rising because demand is going up as supply is going down. That statement may seem peculiar because U.S. oil production, particularly in the Permian Basin, is on the upswing. Global production, however, is not because Venezuela continues in a downward spiral, both in production and in social fabric.
04/19/2018
A global oil glut has been virtually eliminated, according to a joint OPEC and non-OPEC technical panel, two sources familiar with the matter said on April 19, thanks in part to an OPEC-led supply cut deal in place since January 2017. The meeting of the Joint Technical Committee (JTC) earlier on April 19 found that oil inventories in developed nations in March stood at 12 million barrels (MMbbl) above the five-year average, one of the sources said. That’s down from 340 MMbbl above the average in January 2017.
04/19/2018
The Kinder Morgan Inc. board of directors has appointed Kimberly A. Dang as president; Dax A. Sanders as executive vice president and chief strategy officer; David P. Michels as vice president and CFO; and Anthony B. Ashley, currently vice president and treasurer, as treasurer and vice president of investor relations. Richard D. Kinder will remain executive chairman and Steven J. Kean will remain CEO. Kim Dang joined KMI in 2001 and has served as CFO of the company since 2005. Dang joined the office of the chairman of KMI in 2014, which also includes Rich Kinder, executive chairman, and Steve Kean, CEO. She was unanimously elected to the KMI board of directors in January 2017. Kim’s promotion to president signifies her growing role in the company’s strategic and policy decisions, day-to-day management, and capital allocation decisions. Her new role is also a key part of the company’s succession planning.
04/19/2018
Russia’s No. 2 oil producer Lukoil has started operations at a $3.4 billion gas processing plant at its Kandym gasfield in Uzbekistan, which is seen as central to its efforts to boost gas production and exports to China. The Russian government said in a statement on April 19 that the gas processing complex, with a capacity of 8 billion cubic meters (Bcm) per year, had been launched ahead of schedule. Lukoil has not revealed any data on gas exports to China from Uzbekistan.
04/19/2018
BDO USA LLP said April 19 that renowned energy economist Edward Hirs has been appointed as a Natural Resources Fellow at the accounting and advisory firm. In this new role, Hirs will serve as a strategic adviser to BDO’s Natural Resources practice and work in close collaboration with the national and global practice leaders, Clark Sackschewsky and Charles Dewhurst. “We are very excited to begin working with Ed as a Natural Resources Fellow. Ed is a well-known voice in the Houston oil and gas market and a prominent energy economist,” Clark Sackschewsky, national leader of BDO’s Natural Resources practice and tax managing principal for BDO’s Houston office, said in a statement.
04/19/2018
Getka Energy LLC has appointed Craig Peus as CFO, the company said on April 19. Peus is the first major addition to the Getka management team since inception. Getka Energy was formed earlier this year to provide storage, blending and terminal solutions, as well as pipeline transportation and market optionality for producers across North America and domestic and international marketers. Getka is backed by EnCap Flatrock Midstream.
04/19/2018
The upstream and midstream sometimes “pass like two ships in the night” and miss each other—but both must navigate the same sea change occurring now in the oil and gas business. That was the view of Imre Kugler, associate director at IHS Markit, in an April 16 presentation on short-term crude oil and natural gas fundamentals at the 97th annual convention of GPA Midstream here. Noting his audience focuses mostly on gas, Kugler began by projecting that U.S. gas production will rise another 5.3 billion cubic feet per day (Bcf/d) in 2018, up from an already impressive 74.6 Bcf/d in 2017. Virtually all of the increase will come from two sources: Appalachia and associated gas from surging crude production, primarily in the Permian Basin.
04/18/2018
[Editor's note: This story was updated at 8:13 a.m. CT April 19.] Kinder Morgan Inc. (NYSE: KMI) said April 18 that recent events confirm an investment in the Trans Mountain pipeline expansion may be "untenable" and said Ottawa's pledge of financial support does not resolve political risk related to British Columbia's opposition. The comments come as the British Columbia (B.C.) government pledged to file a legal challenge by month-end to determine whether it has the jurisdiction to stop the C$7.4 billion (US$5.9 billion) project, which was approved by the federal government in 2016 and would nearly triple capacity on the pipeline from Alberta to a Vancouver-area port. Kinder Morgan Canada, a unit of Kinder Morgan, halted most spending on the expansion earlier this month and set a May 31 deadline to decide if it would scrap the project entirely, citing legal and jurisdictional issues.

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