The Latest

Public Capital

Blackstone Sells Stake in Cheniere Energy Partners Valued at $7 Billion

The sale of the approximately 42% stake in Cheniere Energy Partners represented the culmination of Blackstone’s involvement with the Houston-based LNG producer.

September 24, 2020

Investment

Max Midstream to Develop New US Crude Export Hub Following Acquisition from Oaktree

The revitalized terminal is not only expected to connect the Port of Calhoun to both the Eagle Ford and Permian basins but also create more than 1,000 jobs in the Lone Star State, Max Midstream President Todd Edwards says.

September 24, 2020

Investment

Global Climate Goals ‘Virtually Impossible’ Without Carbon Capture, IEA Says

Up to to $160 billion investment in carbon capture technology is need by the growing number of countries and companies targeting net-zero CO₂ emissions by around 2050, the IEA says.

September 24, 2020

Infrastructure

Mountain Valley Seeks OK to Restart Construction of Appalachia Gas Pipeline

Equitrans started construction of the Mountain Valley pipeline in February 2018 designed to deliver 2 Bcf/d of natural gas from the Marcellus and Utica shale.

September 24, 2020

Natural Gas liquids (NGL)

Midstream Projects Update: Is 2020 Over Yet?

On the Gulf Coast, storage facilities and pipelines are moving forward. Elsewhere, COVID-19 and the courts are causing headaches.

September 24, 2020

Public Capital

Range Resources Signs Supply Deal for Appalachia Ethane Cracker

Range Resources CEO Jeff Ventura called the ethylene cracker being built by State-owned Thai oil and gas company PTT PCL along the Ohio River in Belmont County a “win-win-win” for the company, PTT and Northeast communities.

September 24, 2020

Petrochemicals

US Oil Inventories Fall across the Board Last Week

Crude oil production slipped to 10.7 million bbl/d, down in part due to storm activity that closed offshore drilling sites in the U.S. Gulf of Mexico.

September 23, 2020

Liquefied Natural Gas (LNG)

US Natgas Prices Jump over 10% from Seven-week Low

U.S. natural gas futures jumped over 10% on Sept. 23 from a seven-week low in the prior session as output continues to slide, demand edges up and LNG exports increase.

September 23, 2020

Company Profiles

PATH FORWARD: Texas-based Jasper Ventures Provides Look Ahead

Brent Jasper, president of Jasper Ventures, recently joined Hart Energy’s Jessica Morales to discuss how his family-owned business has weathered multiple oil and gas downturns while still serving the midstream business for nearly 30 years. 

September 23, 2020

Restructurings

Denbury Resumes Trading on NYSE after Emerging from Bankruptcy

Denbury will now focus on leveraging its expertise and strategic assets into an emerging carbon capture, use and storage business following completion of its financial restructuring, CEO Chris Kendall says.

September 22, 2020