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

01/29/2019
Oil prices rose on Jan. 29 after Washington imposed sanctions on state-owned Venezuelan oil company PDVSA in a move likely to curb the OPEC member’s crude exports, but gains were capped by abundant supply and signs of a slowing Chinese economy. The upward momentum in the global benchmarks gathered...
01/29/2019
Mexico is easing the tax burden for Pemex, the state oil company, to free up more cash to boost flagging production, the government says. Noting the company’s high tax burden, President Andrés Manuel López Obrador told his Jan. 29 morning news conference the move would allow Pemex to have “more to...
01/29/2019
King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office. Noskow’s practice focuses on private equity, leveraged buyouts, debt and equity financings, M&A and other complex...
01/29/2019
Libya's biggest oilfield, El Sharara, will remain shut until an armed group occupying the site leaves, the head of National Oil Corp (NOC) said on Jan. 29, more than a month after the field closed because of a protest. The field was producing as much as 315,000 barrels per day (bbl/d) ahead of its...
01/29/2019
Drillinginfo said Jan. 29 it formed a new strategic collaboration with Hart Energy’s Rextag unit, a global infrastructure database and mapping service, to create a combined midstream business product.   The Drillinginfo-Rextag integration provides a cutting-edge solution to analytical mapping for...
01/28/2019
Exxon Mobil Corp. (NYSE: XOM) has given final approval to an expansion that would nearly double the size of its 365,000 barrel-per-day (bbl/d) Beaumont, Texas, refinery that could make it the largest in the U.S., said two people familiar with the company's plans. The largest U.S. oil producer has...
01/28/2019
The Trump administration on Jan. 28 imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, the toughest U.S. financial measure so far against Venezuelan President Nicolas Maduro. The sanctions were announced to ratchet up pressure against Maduro and demonstrate U.S. support for Juan...
01/28/2019
Enbridge Inc. said it plans to restore southbound natural gas flows on part of its Texas Eastern (TETCO) pipeline in Ohio by the middle of the week following an explosion on one of three lines there this week. The shutdown on Jan. 21 forced drillers using the pipe to reduce output in the Marcellus...
01/28/2019
Italy’s Eni and Austria’s OMV have agreed to pay a combined $5.8 billion to take a stake in Abu Dhabi National Oil Co.’s (ADNOC) refining business and establish a new trading operation owned by the three partners. The transaction, which expands ADNOC’s access to European markets, furthers Eni’s...
01/28/2019
So far, 2019 has been a case of déjà vu for the midstream with a strong start for publicly traded companies, but industry executives are hoping that the rest of the year doesn’t follow the previous year’s sharp decline. The Alerian MLP Index has experienced double-digit growth so far in January,...

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