Wednesday, January 8, 2025
Magellan Midstream sells marine terminals to Buckeye Partners - oilandgas360

Magellan Midstream sells marine terminals to Buckeye Partners

Business & Industry Magellan Midstream Partners, L.P. announced today an agreement to sell three marine terminals to Buckeye Partners, L.P. for $250 million. The terminals are located in New Haven, Connecticut, Wilmington, Delaware and Marrero, Louisiana. “Magellan remains focused on capital discipline and managing our business for the long term,” said Michael Mears, chief executive officer. “Optimization of our asset

EIA expects U.S. net natural gas exports to almost double by 2021 - oilandgas360

EIA expects U.S. net natural gas exports to almost double by 2021

EIA EIA forecasts these deliveries to account for an increasingly larger share through 2021 as new LNG facilities are placed in service and new pipelines in Mexico that connect to U.S. export pipelines begin operations.   In its Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts that U.S. natural gas exports will exceed natural gas

EIA forecasts U.S. crude oil production growth to slow in 2021 - oilandgas360

EIA forecasts U.S. crude oil production growth to slow in 2021

EIA EIA’s U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to an average of $59/b in 2020 and $62/b in 2021 In the January 2020 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts that