Wednesday, November 13, 2024

Williams: Out of Four Corners and into the DJ

Williams (NYSE: WMB) has announced its midstream entry into Colorado’s DJ Basin and the exit of Williams Partners L.P. (NYSE: WPZ) from the Four Corners Area in New Mexico and Colorado. Into the DJ Williams and KKR & Co. (NYSE: KKR) have entered into an agreement to jointly purchase Discovery DJ Services from TPG Growth for $1.173 billion. Discovery is

Mid-Con Energy to Present at The Oil and Gas Conference

Mid-Con Energy Partners, LP (NASDAQ: MCEP) Company Overview Mid-Con Energy Partners, LP, headquartered in Tulsa, Oklahoma, is a publicly held Delaware limited partnership formed in July 2011 to own, acquire, exploit and develop producing oil and natural gas properties in North America, with a focus on Enhanced Oil Recovery (“EOR”), especially using waterflooding. Reserves are approximately 95% oil and 65%

Cenovus to hold back oil output on pipeline woes, Suncor weighs hit

From Reuters Canada’s Cenovus Energy said on Thursday it would hold back on future oil production until pipeline bottlenecks have eased, while some of the country’s top oil and gas producers ramped up output in the recent quarter in response to higher demand. As demand for heavy Canadian crude from U.S. Gulf of Mexico refiners has risen amid a drop

Diamond Offshore's Ocean Endeavor

Big Oil’s New Strategy: Smaller Wells, Smarter Tech

From The Wall Street Journal Eighty miles off Norway’s west coast, one of the country’s smallest oil platforms is gearing up to start production. On board, there’s no helipad and no toilet. There aren’t even lifeboats. That’s because the slimmed-down oil platform, operated by Equinor AS A, is expected to run without anyone on board. While workers can be ferried in for repairs

Theo T Tanker

Saudis Ship U.S. Oil to Taiwan as China Shuns American Crude

From Bloomberg Top OPEC member Saudi Arabia is shipping U.S. crude produced in the Gulf of Mexico to Asia at a time when No. 1 buyer China is snubbing American cargoes. The trading unit of state-run Saudi Aramco sold about 1 million barrels of U.S. Mars crude to Taiwanese refiner Formosa Petrochemical Corp. for delivery in September-October, according to traders with knowledge

Magellan Midstream’s West Texas Refined Petroleum Products Pipeline System Continues Expansion

Magellan Midstream Partners, L.P. (NYSE: MMP) announced an additional expansion of the western leg of its refined petroleum products pipeline system in Texas. Magellan had previously announced its plans to expand the capacity of this line segment to approximately 150,000 barrels per day (bpd) from its current capacity of 100,000 bpd. Based on additional committed volume received as part of