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

11/17/2017
The crude oil spill on the Keystone pipeline in South Dakota will take months to clean up, a state official said on Nov. 17, just days before Nebraska was due to decide on another pipeline project by the owner, TransCanada Corp. Canadian heavy crude prices and TransCanada Corp shares slid on Nov. 17, the day after the 5,000-barrel spill, tied for this year’s largest pipeline leak in the United States. No date has been set for reopening Keystone, TransCanada said, adding that a media report that had stated a restart date was incorrect.
11/17/2017
A consortium behind an LNG import project in Pakistan, including oil giant Exxon Mobil, France’s Total and Qatar Petroleum, has been dissolved, shipping company Hoegh LNG said on Nov. 16. Hoegh LNG was due to supply the project’s ship-based import terminal, a floating storage and regasification unit (FSRU), where LNG brought in by tanker is converted back to gas to feed into Pakistan’s grid. The other members of the consortium were Japan’s Mitsubishi and Turkish developer Global Energy Infrastructure (GEI).
11/17/2017
India’s state oil refiners are planning an aggressive push into natural gas in coming years to meet Prime Minister Narendra Modi’s goal of making the fuel a bigger part of the country’s energy mix. State-owned oil companies—Indian Oil, Bharat Petroleum and Hindustan Petroleum—are planning to raise gas contributions to between 5% and 15% of their incomes over the next few years, up from nearly none now, company executives said. This in line with a government target to raise the natural gas portion of India’s primary energy mix to 15% by 2030, up from 6.5% now, to help meet climate targets and rein in rampant pollution.
11/17/2017
Energy titan Harold Hamm reiterated his concerns about the U.S. Energy Information Administration’s (EIA) oil production forecasts  Nov. 16, this time on the federal agency’s own webinar. “We believe that the unrealistic growth projection that EIA has made disadvantages U.S. markets,” said Hamm, chairman and CEO of Continental Resources Inc., who spoke in his role as chairman of the Domestic Energy Producers Alliance (DEPA). That disadvantage is brought out in the current spread on global markets between Brent and West Texas Intermediate (WTI) crude oil. “Brent trades at a premium to WTI at about 10%—a 10% advantage that puts America last, not first,” he said. “That 10% can mean the margin of profit or loss for many wells in America and many DEPA members.”
11/17/2017
Oil prices climbed on Nov. 17 but were still heading for their first week of losses in six, weighed down by Russian hesitation for extending a global pact to cut output and curb oversupply.
11/17/2017
Crystal Heter directs the commercial strategy for Rockies Express Pipeline (Rex), which Tallgrass Energy Partners LP received from Kinder Morgan Inc. in a $1.8-billion divestiture in 2012. Heter also handles the profit and loss for the pipeline—Tallgrass’ largest asset—with more than $650 million in EBITDA per year. See Crystal's complete profile, including a video interview. Take a look at all of the Forty Under 40 honorees.
11/16/2017
TransCanada Corp has shut part of its Keystone pipeline after 5,000 barrels of oil leaked in Amherst, S.D., the company said Nov. 16, four days before the state of Nebraska is due to decide on an expansion of the system.
11/16/2017
Sandeep Gupta, investment analyst for oil and gas at Fidelity Investments, is today's Forty Under 40 honoree. Prior to working at Fidelity, Sandeep mentored younger analysts and explained broad investment strategy to industrial and energy sector portfolio managers. See Sandeep's complete profile, including an audio interview. Take a look at all of the Forty Under 40 honorees.
11/16/2017
Williams Partners LP (NYSE: WPZ) said Nov. 15 that Transcontinental Gas Pipe Line Company LLC (Transco) has filed an application with the Federal Energy Regulatory Commission (FERC) seeking authorization for its Gateway Expansion Project, designed to create 65,000 dekatherms per day of firm transportation capacity for northeastern markets in time for the 2020-2021 winter heating season. Transco has executed precedent agreements with PSEG Power LLC and UGI Energy Services LLC for firm transportation service under the project. Once complete, the project will help meet the growing demand for natural gas by northeastern consumers in New Jersey and New York.
11/16/2017
Finland and Estonia will start construction work on a gas pipeline linking the two countries in spring, the CEO of the Finnish project company involved said on Nov. 15. The pipeline, which will help end Finland’s gas market isolation and could help reduce its dependence on Russian supplies, will be 75% funded by the European Union. “From the government, we have received all the licenses which are needed. What we are waiting for is the water permits, which should come by the end of the year,” Herkko Plit, CEO of state-owned Baltic Connector, told Reuters on the sidelines of an energy conference.

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