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Issue Contents


Volume 15, Issue 5
Published: October 2, 2019
A balancing act

As the US shifts from decades of being a net importer of oil and gas to a net exporter, there is great pressure on infrastructure to keep up with this new reality.
Ramp-ups in production in the US as a whole and in the prolific Permian Basin in particular have flooded existing pipelines, storage tanks and export facilities with more product than ever before.
In April, US total production surpassed 12 mmbbl for the first time ever, keeping the US as the world's top oil producer ahead of Russia, Saudi Arabia, Canada and China (based on 2018 year-end figures). The Energy Information Administration (EIA) also listed the Permian as the world's most productive basin (4.1 mmbbl/day) in April, surpassing the prolific Ghawar field (3.8 mmbbl/day). One reason for the Permian's new crown, say experts, is that Saudi Aramco's previous statements of Ghawar's production had been much higher. Therefore, a pipeline glut in west Texas is fully understandable, as rig counts can multiply faster than pipelines and storage facilities. But with a long list of new pipelines planned for the fourth quarter of 2019 and throughout 2020, the shortage in that sector may quickly turn to an oversupply, which will mean better prices for producers of gas, oil and natural gas liquids (NGLs).

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The opportunities in diversity
Zenith Energy Management’s acquisition of Arc Logistics Partners has given the company a strong foothold in the buoyant US terminal market and offers plenty of potential to seek market diversification opportunities...
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ILTA: Legislative champions for the tank terminal sector
As the terminal industry's leading advocate in the US, the International Liquid Terminal Association (ILTA) is focused on building a strong brand in Washington as part of efforts to expand the association's advocacy efforts...
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The right place & right time
Obsessive customer focus is shaping Pin Oak Terminals’ ambitious growth projects across key storage and trading markets in Texas to ensure the company’s assets complement constantly changing market dynamics...
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A gateway to global markets
Moda Midstream is in the midst of a multi-phase expansion project to significantly expand storage capacity at its Moda Ingleside Energy Centre to grow its customer base within the US Gulf Coast...
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It's all about location
The latest storage asset acquired by Prostar Capital forms an integral part of the supply chain to one of the world’s most important storage and trading hubs...
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A balancing act
As the US shifts from decades of being a net importer of oil and gas to a net exporter, there is great pressure on infrastructure to keep up with this new reality...
To read this article in full, subscribe now >
Global trade tensions take their toll on oil markets
The oil market in the second half of 2019 was forced to ponder what in effect are some of its more imponderable aspects: namely, a softening of the oil price at a time of heightened global trade tension involving two of the world’s biggest consumers of crude oil, the US and China; and two major OPEC producers, Iran and Venezuela...
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Pushing out US light crude to global markets
US production of crude oil has soared since 2011 through the combination of horizontal drilling and hydraulic fracturing...
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