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
28 March 2024
The country’s largest gas field is a bright spot for the North Sea, boasting cleaner operations amid a changing mood in Europe over hydrocarbons
28 March 2024
Whether OPEC+ starts to unwind its oil production cuts from June will depend on heavily debated unfolding supply-demand balances
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources