Midstream

Western Midstream Greenlights 250 MMcf/d Processing Plant on Expected Permian Growth

This post was originally published on this siteBolstered by recent long-term agreements, Western Midstream Partners LP (WES) said it is expanding the natural gas processing capacity of its West Texas complex with a 250 MMcf/d cryogenic processing plant. WES, based in The Woodlands, TX, disclosed it is sanctioning a plant envisioned for the North Loving […]

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Natural Gas Futures Continue Lower Early Amid Lack of Heat

This post was originally published on this siteNatural gas futures extended their losses early Tuesday as traders mulled a less-than-inspiring cooling demand outlook and as momentum from last week’s supportive inventory data continued to fade into the rearview.  Coming off an 18.5-cent swoon in the previous session, the June Nymex contract was off another 4.2

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Lack of Cooling Demand Drives Steep Decline for Natural Gas Futures

This post was originally published on this siteNatural gas futures extended their losses on Monday, with prices tumbling by double digits amid light weather demand and lofty production that has held near the century mark despite maintenance events that have curtailed output. The June Nymex gas futures contract settled 18.5 cents lower at $2.400/MMBtu. July

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Mexico’s Pemex Eyeing 48% Upstream Capex Increase in Effort to Maintain Natural Gas, Oil Production

This post was originally published on this siteMexico’s state oil company Petróleos Mexicanos (Pemex) has set an upstream capital expenditures (capex) budget of 240 billion pesos ($13.4 billion) for 2023, up from 162 billion pesos ($9.05 billion) in 2022. The 100% state-owned firm outlined the investment plans in its latest 20-F annual report filed to

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Caliche Launches Open Season for Expansion Project, Firm Natural Gas Storage in Beaumont

This post was originally published on this site (P&GJ) — Caliche Development Partners II has launched a non-binding open season to solicit natural gas firm storage service to support the development of two additional natural gas storage caverns at Golden Triangle Storage facility in Beaumont, TX.

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Germany OKs Additional FSRU Site as U.S. Natural Gas Imports Climb

This post was originally published on this siteGermany’s government is moving to site another floating storage and regasification unit (FSRU) as the volume of U.S. natural gas entering the country reaches new heights. In a recently approved bill, Germany’s Federal Ministry for Economic Affairs and Climate Action amended plans to ramp up short-term LNG import

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