-A new report by ICF International estimates $641 billion will need to be invested in midstream infrastructure over the next 20 years to accommodate increased U.S. oil and gas production. Via FuelFix, nearly half of the $30 billion forecast to be invested each year through 2035 would go to infrastructure that will accommodate new shale plays and gas supplies.
-Hiland Crude on Monday announced it had launched an open season to solicit shipper interest for an expansion of its Double H Pipeline in the Bakken region. The 488-mile pipeline is currently under construction and will carry oil from production areas in North Dakota and Montana to Hiland’s tanks in Wyoming.
-Murphy Oil is in talks to sell its Milford Haven refinery in Wales, which it has been trying to unload for the past four years. Via Reuters, Murphy is negotiating with London-based private equity fund Greybull Capital, which has agreed to finance major planned maintenance activities at the plant.
-Also from Reuters, Chinese refiner Sinopec is negotiating to buy a 15% stake in the Pacific Northwest LNG project in British Columbia. The project, a majority of which is owned by Malaysian state oil company Petronas, is expected to start up in late 2018.
-A House Energy and Commerce Committee panel will conduct a hearing next week regarding a bill to fast-track LNG export approvals. The bill, introduced by Colorado Republican Cory Gardner, would require the DOE to immediately approve all facilities that have filed with the department as of March 6.
