Pipeline Dreams: Enterprise Products Expands with New NGL Ventures

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Daily Bulletin

Lone Star Stories

• Oil Slips and Slides: Prices Drop Amid Less Mid-East Tension and More Output

Oil prices declined as concerns over Middle East conflict eased and output from OPEC and the United States increased, with both Brent and West Texas Intermediate crude futures experiencing a drop. The dip in prices was also influenced by weaker-than-expected demand indicators from China and low inflation in the Euro zone, suggesting less aggressive monetary tightening.

• Pipeline Dreams: Enterprise Products Expands with New NGL Ventures

Enterprise Products Partners is set to enhance its natural gas liquids operations, planning a new pipeline from Texas, additional processing plants, and converting an oil pipeline to NGLs, despite posting quarterly earnings below expectations. The company's ambitious expansion includes a 550-mile pipeline, two natural gas processing plants, and a fractionation unit, alongside converting the Seminole Pipeline for NGL transport and expecting a license for a deepwater oil-export project by year-end.

Reader Question of the Day

What steps are being taken to reduce noise pollution during oil exploration and drilling?

Reducing noise pollution during oil exploration and drilling is like trying to keep the volume down at a rock concert. It's challenging, but oil companies are finding ways to do it. They're using newer, quieter equipment and setting up sound barriers around drilling sites. These barriers work like noise-canceling headphones, blocking out the loud drilling sounds and keeping the peace for nearby wildlife and communities.

They're also planning their operations carefully to avoid making noise during sensitive times, like animal breeding seasons or at night when people are sleeping. It's like choosing not to vacuum when someone's taking a nap in the house. By taking these steps, oil companies are working to make their operations less noisy, ensuring a quieter and more peaceful environment for everyone around.

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