Earnings , Storage , Gathering & Processing , Pipelines

Magellan Midstream Oil Transport Revenues Drop as Demand Slides

Magellan Midstream Partners LP reported a drop on July 29 in its second quarter crude transportation and terminals revenue, hit by lower fees for its services and a decline in storage demand.

July 30, 2021

Natural Gas , Storage

Op-ed: US Natural Gas Prices at Multiyear Highs Will Protect Stocks

In the short term, higher gas prices will encourage power generators to run gas-fired turbines for fewer hours over the next few months, running coal-fired units instead, to reduce gas combustion.

July 23, 2021

Crude Oil , Storage

US Crude Oil Stockpiles Rise for First Time Since May

The crude oil build in the U.S. was “obviously” a surprise driven by a surge in imports and a plunge in exports, says analyst John Kilduff.

July 21, 2021

Exploration & Production , Crude Oil , Trade , Shale Plays , Storage

PATH FORWARD: Impact of $100 Oil on US Shale

Marshall Adkins, managing director and head of energy at Raymond James, shares why the fundamentals of oil have never been better than now plus his outlook for U.S. shale producers.

July 19, 2021

Crude Oil , Trade , Storage

US Crude Oil Stockpiles Fall for Eight Straight Week

Crude oil inventories in the U.S. fell by 7.9 million barrels in the week to July 9, far more than analysts’ expectations for a decrease of 4.4 million barrels.

July 14, 2021

Shale Plays , Completions , Pressure Pumping , Water Management , Storage

Breakwater Energy Partners Expands Recycling Center in Permian

Breakwater Energy Partners expanded its Big Spring Recycling System into Martin County and is developing two additional commercial facilities in the Midland Basin, the company said on June 21.

June 24, 2021

Acquisitions & Divestitures , Storage

Magellan Midstream Sells Terminals to Buckeye Partners

Independent refined products terminals included about 6 million barrels of storage.

June 10, 2021

Public Capital , Acquisitions & Divestitures , Storage

Plains to Sell Gulf Coast Gas Assets for $850 Million

The Plains asset sale includes the Pine Prairie and Southern Pines energy centers, which were described as “two of the highest performing natural gas storage facilities in the U.S.”

June 8, 2021

Liquefied Natural Gas (LNG) , Acquisitions & Divestitures , Storage

TotalEnergies Acquires 10% Interest in Arctic Transshipment from Novatek

TotalEnergies has signed a sale and purchase agreement on June 3 with Novatek to acquire 10% of Arctic Transshipment LLC, which owns and will operate two LNG transshipment terminals being built in the Murmansk and Kamchatka regions of Russia. 

June 4, 2021

Energy Transition , Technology , Storage , Pipelines

Williams Collaborates with Microsoft on Clean Energy Transition

Williams has signed a memorandum of understanding (MoU) with Microsoft on June 3 to explore ways to transform one of the nation’s largest energy infrastructure networks through digital technology and innovation while advancing our net zero emissions goals.

June 3, 2021