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

01/19/2018
TransCanada Corp. said on Jan. 18 customers committed to using about two-thirds of the capacity on its planned $8 billion Keystone XL oil pipeline, bringing the company closer to a final decision on when it will begin construction. The controversial pipeline has pitted environmentalists worried about spills and global warming against industry advocates who say the project will shore up discounted Canadian oil prices and attract investment to Alberta’s oil sands. TransCanada has secured firm, 20-year commitments for about 500,000 barrels per day (bbl/d) for the 830,000 bbl/d project as it concluded its open season that allowed shippers to commit to space on the pipeline.
01/19/2018
The National Energy Board on Jan. 18 set out a process for resolving permit disputes related to Kinder Morgan Canada’s Trans Mountain pipeline expansion project, which has faced repeated delays due to difficulty in obtaining permits. The regulator said that under the new process it will consider future disputes between the company and provincial and municipal authorities, and provide a response within three to five weeks, providing a “measure of certainty” for all parties. The announcement came a day after Kinder Morgan Canada, a division of Houston-based Kinder Morgan Inc., said the start-up of the expanded pipeline would be delayed until December 2020 due to permitting struggles.
01/19/2018
EnCap Flatrock Midstream said Jan. 18 it closed the private-equity firm's current fund well above its $3 billion target. The San Antonio-based firm focused on the midstream sector in North America said the EnCap Flatrock Midstream Fund IV LP (EFM IV) received strong support from the limited partner community, reaching its $3.25 billion hard cap within six months. EnCap Flatrock’s prior fund, EnCap Flatrock Midstream Fund III LP, closed at $3 billion in May 2014. The closing of its new fund brings total institutional capital commitments to EnCap Flatrock Midstream to nearly $9 billion from a group of more than 300 investors spanning four funds, according to the firm’s release.
01/19/2018
Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could see a further decline in 2018, the International Energy Agency (IEA) said on Jan. 19.
01/18/2018
Buckeye Partners LP announced Jan. 18 that it has priced an offering of $400 million aggregate principal amount of 6.375% junior subordinated notes due 2078 at 99.474% of par. The notes will bear interest at a fixed rate of 6.375% per year from the date they are issued up to, but not including, Jan. 22, 2023 or an earlier redemption date. The notes will bear interest from, and including, Jan. 22, 2023 up to, but not including, the maturity date at a floating rate based on the Three-Month LIBOR Rate plus 402 basis points, reset quarterly.
01/18/2018
Winston & Strawn LLP on Jan. 17 announced the addition of Douglas Atnipp to the firm’s Transactions Department in Houston. Atnipp joins Winston from Greenberg Traurig LLP, where he served as co-managing shareholder of the firm’s Houston office and co-chair of the energy practice group.
01/18/2018
An oil pipeline that supplies refineries and Russian Black Sea export terminals has caught fire in the Saratov region, a spokesman for oil pipeline monopoly Transneft said on Jan. 18.
01/18/2018
U.S. crude oil stocks fell for a ninth straight week, led by a record drawdown at the U.S. storage hub in Cushing, Okla., the Energy Information Administration (EIA) said on Jan. 18. Crude inventories fell 6.9 million barrels (bbl) in the week to Jan. 12, compared with analysts' expectations for a decrease of 3.5 million bbl. Overall crude inventories have been steadily dwindling as demand remains strong and refineries run at a steady clip. Excluding the U.S. Strategic Petroleum Reserve, inventories are now sitting at 412.7 million bbl, the lowest level since February of 2015.
01/18/2018
The Alberta Clipper that blasted cold air through last weekend was followed by an Atlantic coastal storm that blanketed New England with snow and wreaked havoc with airline schedules. In addition to long lines of cranky, delayed travelers at airport Starbucks locations, natural gas has experienced spot market gyrations and benchmark climbs, while NGL prices have convulsed. Weekly average ethane prices have soared 25.8% since mid-December at Mont Belvieu, Texas, and 30.8% at Conway, Kan. Propane jumped 6.9% then fell back 9.4% at Mont Belvieu. At Conway, the rise was 9.6% and the fall was 7.5% in that time period.
01/18/2018
China’s natural gas output rose in December to the highest monthly rate since at least 2014 as state energy firms rushed to fill a supply gap sparked by surging winter demand from a drive to switch millions of households to gas from coal for heating. Companies produced 13.6 billion cubic meters (Bcm) of gas in December, up from 12.6 Bcm in November, pushing up output for the whole of 2017 by 8.5% to 147.4 Bcm, data from the National Statistics Bureau (NSB) showed on Jan. 18. Beijing last year ordered millions of households and industrial plants in 28 northern Chinese cities to change to gas heating from coal as part of its war against pollution.

Pages