Industry News

MCGPA news feed

The Natural Gas Industry is constantly growing and changing, so from time to time MCGPA 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 MCGPA News Feed. Check back often and stay up to date! 

Latest Articles

06/22/2018
[Editor's note: This story was updated from a previous version posted at 2:54 p.m. CST June 21.] Oil prices soared on June 22 after oil producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand. OPEC and other top crude producers...
06/22/2018
ExxonMobil PNG confirmed on June 22 that some heavy equipment had been damaged at its Angore gas pipeline construction project in Papua New Guinea amid ongoing tension in the Highlands Region of the South Pacific nation. Papua New Guineas government declared a state of emergency in the Southern...
06/22/2018
[Editor's note: This story was updated at 2:55 p.m. CST June 22.] OPEC and its allies led by Russia agreed on June 22 to raise oil production by about 1 million barrels per day (bbl/d) starting in July at the group’s 174th meeting in Vienna. The increase is the result of OPEC and non-OPEC...
06/21/2018
Militant attacks that ignited fires at two Libyan crude oil export terminals stymied market bears this week. The bruins had been feasting on rising U.S. production and an anticipated increase in production from OPEC. Now it appears OPEC members, meeting this week, may choose a more modest increase...
06/21/2018
As pipelines out of the largest U.S. oil field reach capacity in the coming months, further depressing West Texas crude prices, smaller producers will have to slow or shut-in production, according to oil executives. Soaring production in U.S. shale fields has driven output to a record 10.47...
06/21/2018
U.S. sanctions on Venezuela are an attack against the stability of the global oil market, Venezuelan Oil Minister Manuel Quevedo said on June 21. Venezuela, a member of OPEC, and state-run oil firm PDVSA face an export crisis due to declining crude output, a lack of cash for spare parts and...
06/21/2018
As OPEC ministers, oil company executives, and myriad market watchers gather in Vienna for the 174th OPEC meeting on June 22 Stratas Advisors presents a quick guide to the meeting and some possible outcomes. While the risk is rising that the production agreement is essentially dissolved, Stratas...
06/21/2018
Midstream development isn’t the only headwind expected to impact the Permian in the coming years. Wood Mackenzie is forecasting that higher costs for water in the region, as well as higher water volumes from more wells being produced may limit the play’s larger growth estimates. Unconventional...
06/20/2018
For more reports on DUG East, check back over the coming days or follow @HartEnergConf on Twitter.  PITTSBURGH—Eclipse Resources Corp. (NYSE: ECR) has broken several laterals records in the Utica Shale, and President and CEO Ben Hulburt told DUG East attendees on June 20 that he expects to break...
06/20/2018
OPEC should boost daily output by roughly 1 million barrels over time to keep global crude supply and demand in balance as production dips elsewhere, a leading U.S. shale executive said on June 20. U.S. shale producers and OPEC have started talking after years of acrimony, conscious that a...

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