Nustar sees continuing Permian growth
The infrastructure firm expects flows through its pipeline system in the US shale heartland to be 10pc higher by the end of the year
The Permian crude pipeline system operated by US infrastructure firm Nustar will see flows of 560,000-570,000bl/d by the end of this year, c.10 pc higher than where they were at year-end 2021, predicts the firm’s CEO, Brad Barron. “While overall US oil production has faced supply chain and other challenges this year, our top-tier Permian producers have continued to successfully execute on their drilling plans,” says Barron. “The steady, strong volume growth we saw in the first half of 2022 and continue to see ramping up this quarter is a testament to our producers and the quality and strength of our acreage.” Throughput in the firm’s system grew to a new quarterly record of 522,000bl/d in th
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks