Midstream

MPLX Bullish on Natural Gas Growth as Permian, Marcellus Bottlenecks Targeted

This post was originally published on this siteMPLX LP is bumping up its capital spending by $50 million in 2023 to work toward debottlenecking pipeline constraints and expanding gathering and processing (G&P) capacity in the Permian Basin, as well as the Bakken and Marcellus shales. MPLX has set aside $800 million of growth capital for

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Global Natural Gas, Oil Exploration Soaring, with Focus on High-Value Assets

This post was originally published on this siteThe global natural gas and oil exploration sector had its strongest year in 2022 in a decade as national oil companies and majors focused on taking advantage of what might be a short-term window of opportunity. The sector created some $33 billion of value at $60/bbl Brent prices

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Bearish Temps Keeping Pressure on Natural Gas Futures, Though Other Factors Lend Support

This post was originally published on this siteAn exceptionally mild temperature outlook heading into the second week of February kept the pressure on natural gas futures early Wednesday as overnight forecasts trended warmer. The March Nymex contract was down 2.1 cents to $2.663/MMBtu at around 8:45 a.m. ET. Weather models overnight further warmed what was

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Natural Gas Futures Eke Out Gain; Spot Prices Advance Third Straight Day

This post was originally published on this siteNatural gas futures stabilized on Tuesday, supported by a cold front, eased production and strength in cash markets Coming off a 17.2-cent drop in its debut as the front month a day earlier, the March Nymex gas futures contract on Tuesday settled at $2.684/MMBtu, up seven-tenths of a

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Mexico’s CFE Eyeing 2024 In-Service for Yucatán Natural Gas Power Plants

This post was originally published on this siteMexico’s state power company Comisión Federal de Electricidad (CFE) is aiming to bring online 1.5 GW of natural gas-fired power generation capacity on the Yucatán Peninsula by summer 2024, CEO Manuel Bartlett said Monday. The combined-cycle plants in Mérida and Valladolid would have capacities of 499 MW and

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Freeport LNG Ready to Introduce Feed Gas to Train 3 For First Time in Months

This post was originally published on this siteFreeport LNG Development LP has requested FERC’s approval to reintroduce feed gas to one of its three trains more than seven months after a fire and explosion knocked the Texas plant offline. In a filing on Monday, Freeport also said that it has successfully cooled down its Loop

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Initial Expansion of TAP Natural Gas System Launches Bid to Double Azerbaijan Exports to Europe

This post was originally published on this siteAn initial capacity expansion of 1.2 billion cubic meters/year (Bcm/y) is underway on the Trans Adriatic Pipeline (TAP), the western connection bridging Azerbaijan’s natural gas production to Europe, as the European Union (EU) seeks to double imports through the system by 2027. TAP AG, the transmission operator for

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