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HOUSTON (Reuters) - The U.S. deep freeze will wreak havoc on oil and gas production for several days if not weeks, according to industry experts, as companies deal with frozen equipment and a lack of power to run operations.
FILE PHOTO: A pump jack operates in the Permian Basin oil and natural gas production area near Odessa, Texas, U.S., February 10, 2019. REUTERS/Nick Oxford/File Photo
Texas produces more oil and natural gas than any other U.S. state, and its operators, unlike those in North Dakota or Alaska, are not accustomed to dealing with frigid temperatures. Numerous refineries in Texas have also been shut, though weather events rarely knock substantial amounts of production offline in oil patches far from the Gulf coast.
triFebruary 17, 2021
Global Natural Gas Liquids (NGLs) Market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Natural Gas Liquids (NGLs) market.
The global Natural Gas Liquids (NGLs) market size will grow at a CAGR of above 3.5% between 2015 and 2026.
Key Market Players: ConocoPhillips Company, SM Energy, BP Plc, Linn Energy, Statoil ASA, Swift Energy, Exxon Mobil Corporation, Royal Dutch Shell, Chesapeake Energy, Range Resources, Total, Chevron, Gazprom, Canadian Natural Resources, China National Petroleum Corporation, Eni, Rosneft, Petrobras, Lukoil, Chesapea
Asian spot liquefied natural gas (LNG) prices fell for a fourth week on lower heating demand and as markets in China and most of Southeast Asia close for the Lunar New Year.
Venture Global LNG Inc said on Thursday it closed a $500 million term loan with several banks and will use some of the proceeds to fund construction activities as its proposed Plaquemines liquefied natural gas (LNG) export plant in Louisiana.