Targa plans Delaware basin processing, pipeline capacity expansions

Targa Resources Corp. has entered into long-term, fee-based agreements with an unidentified investment-grade energy company for natural gas gathering and processing services in the Delaware basin and for downstream transportation, fractionation, and other related services.  Source: News

EIA: US crude stockpiles rise 1.6 million bbl

Following a down week, US crude oil inventories, excluding the Strategic Petroleum Reserve, were back up for the week ended Mar. 23, according to US Energy Information Administration data. Inventories increased by 1.6 million bbl, EIA said. Source: News

MARKET WATCH: NYMEX crude oil holds steady pending inventory

Light, sweet crude oil prices dropped modestly on Mar. 27 and continued downward in early trading Mar. 28 pending release of the US government’s weekly report on oil and product inventories. Source: News

Argentina moving to develop tight shale oil and gas, speakers say

With the largest shale gas resources and tight oil deposits second only to those of the US in the Western Hemisphere, Argentina is trying to attract more foreign investments by continuing to improve government policies, speakers said during a Mar. 27 discussion at the Inter-American Dialogue. Source: News