New Pipelines Connect West Texas Natural Gas-Producing Areas to Demand Markets
Recently completed pipeline projects in Texas and Mexico have increased natural gas transportation capacity from the Waha Hub — located near Permian Basin production activities in West Texas — to the U.S. Gulf Coast and Mexico.
National Poll Finds Strong Support for Oil and Gas Pipelines
By a margin of more than 3-to-1, Americans believe pipelines are the best option to transport oil and gas compared to the alternatives of truck and train, both of which present additional risk and produce higher levels of carbon emissions.
U.S. Pipeline Operators Should Prepare for Methane Curbs
The U.S. Department of Transportation's pipeline regulator on Monday sent an advisory to oil and gas pipeline operators directing them to update their inspection and maintenance plans for curbing the release of potent greenhouse gas methane, as part of the Biden administration's broader effort to combat climate change.
Germany: Ukraine Must Remain Gas Transit Country After New Pipeline
Germany said Ukraine should remain a transit country for Russian gas, the Frankfurter Allgemeine newspaper reported, after President Vladimir Putin said it would depend on the former Soviet republic showing "goodwill" towards Moscow.
Blinken: U.S. Able to Mitigate Nord Stream 2 Pipeline Effects
Secretary of State Antony Blinken said on Monday the completion of the Russian Nord Stream 2 natural gas pipeline was a "fait accompli,” defending the U.S. decision to waive some sanctions and vowing a response if Moscow tries to use gas as a weapon.
Third Coast Midstream Announces Sale of Final Non-Gulf Coast Related Assets
Third Coast Midstream announced that on Tuesday, one of its subsidiaries completed the sale of Third Coast Midstream's final non-core asset, and the company has fully reached the goal of becoming a Gulf of Mexico and Gulf Coast-focused midstream company.
Big Oil could see proven reserves run out in less than 15 years
Proven oil and gas reserves of the group of major companies referred to as Big Oil (ExxonMobil, BP, Shell, Chevron, Total, and Eni) are falling, as produced volumes are not being fully replaced with new discoveries, according to Rystad Energy.
Phillips 66 Partners posts quarterly loss on pipeline exit impairment
Phillips 66 Partners LP reported a first-quarter 2021 loss of $18 million, compared with earnings of $104 million in fourth-quarter 2020 mainly due to a $198 million impairment resulting from its exit from the Liberty Pipeline project.