Industry News

ABGPA Midstream news feed

The Natural Gas Industry is constantly growing and changing, so from time to time ABGPA Midstream and GPA have news that we want to share with our members and the Midstream Community.
 
You can check out our news releases and updated articles from other internet sources regarding the natural gas industry here on our ABGPA Midstream News Feed. Check back often and stay up to date! 

Latest Articles

01/31/2019
Chevron Corp. (NYSE: CVX) Nsaid Jan. 30 it would pay $350 million to buy a refinery in Pasadena, Texas, from Brazilian state oil company Petrobras. In addition to the 110,000-barrel-per-day (bbl/d) refinery, Chevron will take ownership of a 466-acre (188.5 hectares) complex on the Houston Ship...
01/30/2019
Enable Midstream Partners LP (NYSE: ENBL) Jan. 29 announced that it has entered into a $1 billion three-year unsecured term loan agreement. Enable has initially borrowed $200 million under the agreement, and a delayed-draw feature provides Enable the flexibility to make up to $800 million in...
01/30/2019
More than 24 hours after the United States announced large-scale sanctions on Venezuela’s nationally owned oil company, merchant trading firms and refiners were still deciphering what the measures prohibited. The sanctions, announced on Jan. 28, are aimed at driving President Nicolas Maduro from...
01/30/2019
The International Energy Agency (IEA) has yet to assess the impact of the latest U.S. sanctions on Venezuelan oil supplies, its executive director said on Jan. 30. "Far too early to speak about Venezuela and we are following the events very closely," Fatih Birol told Reuters on the sidelines of an...
01/30/2019
U.S. crude oil stockpiles rose less than expected last week due to a drop in imports, while gasoline and distillate inventories fell as refiners slowed down production, the Energy Information Administration (EIA) said Jan. 30. Crude inventories rose 919,000 barrels in the week to Jan. 25, compared...
01/30/2019
U.S. energy capital markets took a hit in 2018 with the upstream oil and gas industry bearing a greater brunt of the decline than any other sector, particularly at the end of the year. A recent Drillinginfo report found total energy offerings last year were down 20% year-over-year. Combined, bond...
01/30/2019
Rating agency Fitch downgraded the credit rating of Mexican state oil company Pemex on Jan. 29, sending the peso currency falling in early trading in Asian markets. Mexico's deputy finance minister said the downgrade didn't come as a surprise and that the country's sovereign rating was not at risk.
01/30/2019
Exxon Mobil Corp. (NYSE: XOM), Plains All American Pipeline LP (NYSE: PAA) and Lotus Midstream LLC said Jan. 30 they will build a Texas crude pipeline that can carry more than 1 million barrels per day of oil and condensates. The Wink-to-Webster pipeline will connect the Permian Basin in West...
01/29/2019
Bloomberg scrapes imply gas field production was 940 MMcf/d lower when compared to the past week, but imports from Canada increased by 1.16 Bcf while Mexico exports also increased by 1.08 Bcf. Our analysis leads us to expect the EIA to report later this week that there was a 222 Bcf withdrawal for...
01/29/2019
Clear Creek Midstream LLC Jan. 29 announced an initial venture capital commitment of $300 million from EnCap Flatrock Midstream. Headquartered in Houston and established in late 2018, Clear Creek is an independent energy company focused on the development of midstream infrastructure for oil and gas...

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