The Latest

Targa Resources Forecasts Rising Profits on 2024 Exports

Midstream company Targa Resources reports a record fourth quarter in volumes and NGL fractionation.

Equitrans Delays WV-VA Mountain Valley Natgas Pipe Again, Boosts Cost

U.S. energy firm Equitrans Midstream delayed the estimated completion of its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter from the first quarter due in part to adverse weather in January.

Midstream Operators See Strong NGL Performance in Q4

Export demand drives a record fourth quarter as companies including Enterprise Products Partners, MPLX and Williams look to expand in the NGL market.

FERC Approves ONEOK Pipeline Segment Connecting Permian to Mexico

ONEOK’s Saguaro Connector Pipeline will transport U.S. gas to Mexico Pacific’s Saguaro LNG project.

Enbridge Advances Expansion of Permian’s Gray Oak Pipeline

In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.

$17B Chesapeake, Southwestern Merger Leaves Midstream Hanging

East Daley Analytics expects the $17 billion Chesapeake and Southwestern merger to shift the risk and reward outlook for several midstream services providers. 

Imperial Expects TMX to Tighten Differentials, Raise Heavy Crude Prices

Imperial Oil expects the completion of the Trans Mountain Pipeline expansion to tighten WCS and WTI light and heavy oil differentials and boost its access to more lucrative markets in 2024.

After Megamerger, Canadian Pacific Kansas City Rail Ends 2023 on High

After the historic merger of two railways in April, revenues reached CA$3.8B for fourth-quarter 2023.

NGL Growth Leads Enterprise Product Partners to Strong Fourth Quarter

Enterprise Product Partners executives are still waiting to receive final federal approval to go ahead with the company’s Sea Port Terminal Project.

Trans Mountain Pipeline Announces Delay for Technical Issues

The Canadian company says it is still working for a last listed in-service date by the end of 2Q 2024.