Industry News

PBGPA news feed

The Natural Gas Industry is constantly growing and changing, so from time to time PBGPA and GPA have news that we want to share with our members and the Midstream Community.
 
You can check out our News Releases and updated articles from other internet sources regarding the natural gas industry here on our PBGPA News Feed. So check back often and stay up to date! 

Latest Articles

03/22/2019
Confusion about precision and accuracy works deviously in the politics of climate.  
03/22/2019
Canada has dropped 56 rigs for the week ended Mar. 22, according to Baker Hughes data. With 105 rigs running, the count is less than the 161 units drilling this week a year ago. The number of oil-directed rigs in Canada fell by 49, bringing the count to 49 rigs for the week. Gas-directed rigs were...
03/22/2019
Nigerian National Petroleum Corp. subsidiary Port Harcourt Refining Co. has let a contract to Maire Tecnimont subsidiaries to provide services as part of the first leg of a long-planned rehabilitation project at the Port Harcourt refining complex—which includes a 60,000-b/sd hydroskimming refinery...
03/22/2019
PTT Exploration & Production PCL (PTTEP) has won two exploration blocks in Malaysia while acquiring Murphy Oil Corp.’s properties in the country. PTTEP together with Petronas Carigali Sdn. Bhd. signed production-sharing contracts with Petronas for exploration and production rights of two...
03/22/2019
Denbury Resources Inc., Plano, Tex., and Penn Virginia Corp., Houston, have ended a merger agreement estimated to have been worth $1.7 billion.
03/22/2019
Light, sweet crude oil for May delivery dipped to settle just below $60/bbl on Mar. 21, while Brent prices for May settled under $68/bbl. Production cuts by the Organization of Petroleum Exporting Countries and US sanctions against Iran and Venezuela are contributing to a tightening of supply,...
03/22/2019
Equinor reported “the heaviest lift ever performed offshore” at Johan Sverdrup oil field under development in the Norwegian North Sea. The company also let a construction installation contract for the second development phase to TechnipFMC.
03/21/2019
Eni Australia has submitted environmental plans for a third production well on its wholly owned Blacktip gas and condensate field in the shallow waters of the southern Bonaparte Gulf offshore Northern Territory. The plans were submitted to the National Offshore Petroleum Safety and Environmental...
03/21/2019
European mainland gas prices have fallen now to about $5/MMbtu, a 50% decline from late September peaks. The loss in supply-demand is due to warmer weather, large LNG imports, and more active renewables. Morgan Stanley argues that poor pricing conditions are likely to prompt US LNG utilization rate...
03/21/2019
A subsidiary of PTT Exploration & Production PCL (PTTEP) will pay $2.127 billion to a subsidiary of Murphy Oil Corp. for Murphy’s two primary Malaysian subsidiaries, Murphy Sabah Oil Co. Ltd. and Murphy Sarawak Oil Co. Ltd. A bonus payment of up to $100 million is contingent upon certain future...

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