MARKET WATCH: NYMEX, Brent crude prices jump by about $1/bbl

Light, sweet crude oil prices for March delivery climbed by more than $1/bbl on Jan. 26 to close at nearly $53.80/bbl while the Brent March contract also rose by more than $1/bbl on the London market to close above $58/bbl. Source: News


Plains All American to acquire Permian’s Alpha Crude Connector for $1.2 billion

Plains All American Pipeline LP has agreed to acquire 100% of the equity interests in Alpha Holding Co. LLC, which indirectly owns the Alpha Crude Connector (ACC) gathering system in the northern Delaware basin, for $1.215 billion. ACC is owned by Concho Resources Inc. and Frontier Midstream Solutions LLC. Source: News


New administration’s US LNG export policy moves uncertain, forum told

Effects of yet-to-be-clarified Trump administration policy moves—from possible new individual free trade agreements if the country withdraws from multination treaties to an emphasis on increased domestic gas production and new pipeline construction—on US liquefied natural gas export growth are uncertain, speakers agreed at a Jan. 26 Atlantic Council forum. Source: News


Petronas boosts capacity at Malyasian LNG complex

State-run Petronas subsidiary Petronas LNG 9 Sdn. Bhd. (PL9SB) has started commercial operations of the ninth LNG liquefaction train at the Petronas LNG Complex (PLC) in in Bintulu, Sarawak, Malaysia. Source: News