Interim crude service utilizing the 24” EPIC Y-Grade pipeline from Crane to Robstown, TX, began delivering crude to several terminals in the Corpus Christi, TX, area. #OilmanNEWS Midstream Oil and Gas News Press Release 

EPIC Announces Initial Crude Delivery Into Corpus Christi, TX, And Provides Updates On Crude Pipeline Project And Export Docks

SAN ANTONIO, TX –  EPIC Crude Holdings, LP (“EPIC”) today announced that interim crude service on the 24” EPIC Y-Grade pipeline (the “Y-Grade Pipeline”) has begun, delivering crude from Crane, TX, to various terminals in Corpus Christi and Ingleside, TX.  During interim crude service, EPIC will have the ability to deliver up to 400 thousand barrels of oil per day… Read More
Bechtel and CCS JV led surge in global oil & gas contracts value to US$42bn in Q2 2019 #OilmanNEWS Downstream Midstream Oil and Gas News Upstream 

Bechtel and CCS JV Led surge in Global Oil & Gas Contracts Value to US$42bn in Q2 2019

The global oil and gas industry’s total contract value reached US$42bn in Q2 2019, a massive 79 percent increase on Q1’s value of US$23.4bn according to GlobalData, a leading data and analytics company. Pritam, Oil & Gas Analyst at GlobalData, says: “This rise occurred despite there being a slight decline in the number of contracts from 1,453 in Q1 to… Read More
Policymakers Increasingly Intolerant of Criminal Activity Targeting Critical Infrastructure #OilmanNEWS Downstream Midstream Oil and Gas News Texas Upstream 

Policymakers Increasingly Intolerant of Criminal Activity Targeting Critical Infrastructure

In recent years, we’ve watched as environmental activists have adopted more aggressive tactics designed to block the development of infrastructure projects that benefit our nation, at times even taking destructive and violent action to stop the construction of pipeline systems and other oil and gas facilities in the United States. Demonstrations against the Keystone XL Pipeline and the Dakota Access… Read More
US will contribute 95% of North America’s new-build underground gas storage capacity growth by 2023 #OilmanNEWS Midstream Oil and Gas News 

US Will Contribute 95% of North America’s New-build Underground Gas Storage Capacity Growth by 2023

The U.S. will drive growth in North America’s new-build underground gas storage industry between 2019 and 2023, contributing around 95% of the working gas capacity growth in the region, according to GlobalData, a leading data and analytics company. The company’s report: ‘Underground Gas Storage Industry Outlook in North America to 2023 – Capacity and Capital Expenditure Forecasts with Details of… Read More
Midstream oil and gas M&A values declined 59% in Q4 2018 #OilmanNEWS Midstream Oil and Gas News 

Midstream Oil and Gas M&A Values Declined 59 Percent in Q4 2018

A total of 71 M&A deals with a combined value of US$38.7bn were registered in the midstream oil and gas industry in Q4 2018, according to GlobalData, a leading data and analytics company. Of the total M&A deals, 44 deals, with a combined value of US$28.5bn were domestic acquisitions. The remaining 27, with a combined value of US$10.3bn, were cross-border… Read More
2018 January-February Alex Mills Contributors Downstream Midstream 

Petroleum Demand Increases Firms Prices

Crude oil and natural gas prices continue to gain strength on news of increased demand. Oil futures on NYMEX for February delivery closed Wednesday at $63.57 per barrel its highest mark since Dec. 9, 2014.  Natural gas for distribution at Henry Hub in Louisiana closed at $2.906 Wednesday. The Energy Information Administration (EIA) reported that oil inventories declined again last… Read More
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Hey, Don't Forget to Register for OILMAN ConnectThe Oil & Gas Virtual Conference & Expo November 5 & 6, 2019

We would like to invite you to attend the OILMAN Connect Virtual Conference and Expo. At OILMAN Connect, you will have the opportunity to visit companies showcasing their industry products, technology, and software solutions, as well as hear from oil and gas industry leaders presenting at our innovative webinar and speaker series - all with the click of a button. FREE to attend. Plus, we're giving away fantastic prizes during the show.