AltaGas starts up midstream complex in British Columbia

AltaGas Ltd. of Calgary has fully commissioned the first phase of its Townsend integrated midstream complex in northeast British Columbia, in the heart of the Montney natural gas play, about 100 km north of Fort St. John and 20 km southeast of the company’s Blair Creek plant. Source: News

MARKET WATCH: NYMEX crude oil, gasoline rose on Colonial Pipeline shutdown

The light, sweet crude oil contract for October delivery modestly regained some of its previous losses, settling on the New York market Sept. 15 at nearly $44/bbl while US gasoline futures prices gained on reports of the partial shutdown of Colonial Pipeline. Source: News

LNG to be marginal source of global supply, BP executive says

BP PLC’s Global Chief Economist Spencer Dale has forecast that the US Henry Hub will be the benchmark for global LNG prices into the future. He said US LNG will be the marginal source of global supply and therefore LNG prices are likely to be determined by prices at Henry Hub. Source: News

Sibur expands LDPE, PP capacities at Western Siberia plant

OOO Tomskneftekhim, a subsidiary of Russian conglomerate PJSC Sibur Holding, Moscow, has completed a project to expand capacity and upgrade the quality of low-density polyethylene (LDPE) and polypropylene (PP) production at its Tomsk manufacturing plant in the eastern part of Western Siberia. Source: News

House panel asks whether new EPA methane emissions rules are needed

A US House Committee on Science, Space, and Technology was divided along party lines over whether the Environmental Protection Agency’s new oil and gas methane emissions rules are clearly necessary or simply a solution in search of a problem. Witnesses also offered conflicting assessments at the Sept. 15 hearing. Source: News