Wednesday, January 15, 2025

A Permian Basin FID: $2 Billion for 2 Billion Cubic Feet per Day

Kinder Morgan and EagleClaw announce FID for Permian Highway pipeline project Kinder Morgan (ticker: KMI) and privately held EagleClaw Midstream have announced a Final Investment Decision on the Permian Highway pipeline (PHP) today, as oil and gas producers and midstream companies continue to react to the massive production growth coming out of the Permian basin. The PHP will provide relief

Higher Oil Prices, Lower Costs Increase Offshore Rig Demand: IHS

From WorkBoat Higher oil prices and lower costs for offshore projects are driving increased demand for offshore drilling rigs through 2020, particularly for deepwater projects, according to new analysis released yesterday by IHS Markit. In its first worldwide mobile rig forecast for 2020, IHS Markit, which relies on data from its Petrodata RigPointdatabase, estimates that the average global demand for mobile offshore