September 2020
Citi Bank Sees $60 Oil In 2021
Oil prices are set to rise to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, according to Citigroup, which is bullish on oil. READ [...]
Colombia’s Oil Major Plans To Drill 100 Wells In The Permian
Colombia’s state-held oil firm Ecopetrol, which has a strategic alliance with Occidental Petroleum to develop acreage in the Permian, plans to have drilled as many as 100 wells in the most prolific U.S. shale basin [...]
Kinder Morgan, Glenfarne seek five more years to build Magnolia LNG
Kinder Morgan (KMI +2.5%) and Glenfarne Group ask the Federal Energy Regulatory Commission for five more years to complete the Magnolia LNG export plant and associated gas pipeline expansions. Read More.
Enterprise Products nixes Midland-to-ECHO 4 project
Enterprise Products Partners (NYSE:EPD) says it is canceling its 450K bbl/day Midland-to-ECHO 4 pipeline expansion project in Texas, in an environment of reduced demand for more pipeline capacity. READ MORE. Source: Seeking Alpha
Pennsylvania orders reroute of part of natural gas pipeline
State environmental authorities have ordered Sunoco to reroute a portion of its Marine East 2 natural gas liquids pipeline in southeastern Pennsylvania following last month’s spill of more than 8,000 gallons of drilling fluid [...]