Dominion Energy and Duke Energy canceled their $8 billion Atlantic Coast Pipeline project on July 5. One day later, a judge ordered the Dakota Access Pipeline to shut down. Even in a profoundly difficult year like 2020, these were tough days. But is the outlook for the midstream sector as bleak as it seemed at midyear? Perhaps not.
An emphasis on relationships backed by operational expertise and experience has helped these two private-equity-backed midstream operators continue to perform.
Familiar challenges remain, but growing export markets buoy the midstream.
The midstream rides to the rescue with new capacity and interconnections for crude oil, natural gas and petroleum products.
Problem: the need for sufficient gas pipeline capacity.
Opportunity: new customers beyond power generation and petrochemicals.
You might call the year “pretty good.” Now, if only investors would pay attention again.
Research and development organizations agree on major trends in pipeline technology progress.
Seismic shifts lie ahead as the U.S. continues to grow as a global energy export power.
Not all bottlenecks involve pipelines. Stratas Advisors charts a long-term course for the Eagle Ford’s midstream as an example of a complete, or ‘fullstream,’ global energy industry.
They say the midstream industry is a small, tight-knit link in the energy chain.
Its Spectra acquisition vaulted Enbridge to the top of the chart. Boosted by booming LNG exports, Cheniere Energy warped higher by 30 places.
Water management emerges as a major business for the midstream.
The midstream enters 2018 asking a lot of questions. Will demand continue to grow? Where are the new markets? Will opponents “keep it in the ground?” The answers may not come for a while.