midstream

The energy consulting business is going great guns these days and little wonder, with the shale revolution continuing to change the way oil and natural gas are viewed and used in North America, and eventually the rest of the world.

Xpress Natural Gas announced plans to partner with Hess Energy Marketing (HEM), which was recently acquired by Direct Energy Business (DEB), to deliver compressed natural gas (CNG) to off-pipeline industrial and commercial businesses and institutions in New York state.

Recent gains in U.S. oil and gas production – along with the need for infrastructure to move it – has “breathed new life” into the midstream sector, which has tripled in value since 2005, according to energy analysts at Deloitte.

A real estate investment trust (REIT) owns income-producing real estate and offers shares to investors — it allows people to buy an interest in many different individual properties in the same way a mutual fund sells shares composed of many different companies. Often REITs focus on familiar categories like shopping malls, hospitals or mortgaged homes. But pipelines also qualify as real estate for the purposes of a REIT, and one new trust is now interested in buying a selection of them as investments.

From a little boy peppered with Band-Aids, the result of weekend mishaps from driving go-carts he’d build in the family’s garage, Larry Alexander went on to use his tenacity for design to build two highly successful companies.

Conventional oil production in Western Canada has experienced a resurgence in the past few years due largely to new drilling and completion methods, according to a report from the independent Canadian Energy Research Group (CERI).

Philip Luna is a man on the go, and if you work for him at Houston-based UniversalPegasus International (UPI), you’d better be as well, even if it means getting to work for the 7 a.m. team meeting.

There’s little debate that switching from fuel oil to natural gas, with its lower emissions, domestic abundance and low and stable price point, represents an opportunity for fuel-intensive businesses in North America. There’s also no argument that pipelines are the best method for delivering gas. But for businesses located off a pipeline route, the tumble in natural gas prices hasn’t benefited them nearly as much as it has their competition. For some, pipeline projects may come eventually; for others, there is no construction even being discussed.

Growth in production of domestic light crude and increased exportation of heavy crude led to substantial additional investments in pipelines and other midstream infrastructure during the year, according to data from the federal Energy Information Administration (EIA).

Massive shale-driven production growth in the Northeast and soaring demand from the Southeast will turn the nation’s traditional south-to-north and west-to-east pipeline natural gas flows and price spreads upside down, according to a report by market analysts at BENTEK Energy.

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