Latest From Hart Energy
US Unveils Proposed Guidance for Clean Electricity Credits
Clean energy generation projects, including nuclear and geothermal, will be part of the Clean Electricity investment and production tax credits, which replaces the IRA’s investment and production tax credits.
Apricus Generation Acquires Solar, Storage Developer Nexus Renewables
Nexus is the first strategic acquisition of holding company Apricus, which launched earlier this year.
Salunda Secures Multi-year Jackup Contract in Middle East
The contract is the organization’s first jack-up installation in the Middle East.
Top Exxon Directors Cruise to Re-election Despite Activist Opposition
The campaign amounted to a test of whether top fund firms would rally to defend the small shareholders whose resolutions have put topics like the environment and workforce diversity at the center of many corporate annual meetings.
Pitts: Deep in the Renewable Heart of Texas
As a state known for its hydrocarbons, Texas is also cementing its position in the renewable sphere, and companies are beginning to take notice.
Hunting for Heat: Chevron Talks Geothermal
Chevron New Energies’ vice president of CCUS Chris Powers recently shared his thoughts on the company’s geothermal efforts and what it will take to scale the sector.
Oceaneering’s New AUV Successfully Inspects TotalEnergies Pipeline
Oceaneering’s Freedom AUV pilot test reduces time, emissions in pipeline inspection campaign for TotalEnergies.
Duke Energy Inks Deals with Amazon, Google, Microsoft on Clean Energy Supply
Duke and the world's biggest technology companies proposed developing new electricity rate structures to drive the development of carbon-free technologies in MOUs signed in May.
Energy Capital Partners Raises $6.7B, Buys Atlantica
The New Jersey-headquartered Energy Capital Partners said its ECP V (Fund V) secured capital commitments of $4.4 billion plus an additional $2.3 billion of co-investment capital; the private equity firm also announced a $2.6 billion take-private of Atlantica Sustainable Infrastructure.
Enverus Names Manuj Nikhanj as New CEO
Enverus President Manuj Nikhanj will take over as CEO of the top energy analytics firm on July 1, succeeding Jeff Hughes, who will continue as executive chairman.
Aethon to Acquire Tellurian Haynesville Shale Assets for $260MM
Aethon Energy is acquiring Tellurian Inc.'s Haynesville Shale assets in a $260 million deal, allowing Aethon to continue growing as the basin's top private producer and for financially struggling Tellurian to prioritize its flagship Driftwood LNG project.
ConocoPhillips to Acquire Marathon Oil for $17.1B
The ConocoPhillips-Marathon Oil deal is valued at $22.5 billion when including $5.4 billion of debt and adds complementary acreage to ConocoPhillips’ Lower 48 portfolio with more than 2 Bbbl of resource.
Exclusive: Devon Energy Weighing More ‘Unmatched’ Delaware Inventory
Devon Energy’s John Raines delves into capital allocation trends in the Delaware Basin and why the region is attractive to Devon’s operations, in this Hart Energy Exclusive interview.
Glenfarne Seeks Five More Years to Build Texas LNG Export Plant
Glenfarne said in its FERC filing that the project was delayed due to "extenuating circumstances outside of Texas LNG's control."
Pioneer Energy Awarded $10MM by DOE to Cut Flaring
The U.S. Department of Energy grant for Pioneer’s new well pad processing technology will help eliminate routine flaring and emissions from oil and gas production sites.
TotalEnergies FIDs Two Developments Offshore Brazil
TotalEnergies took FID for two developments offshore Brazil in the prolific Santos Basin where the French energy giant expects its equity production to soon exceed 200,000 boe/d.
Weatherford, Equinor Extend Completions, Slot Recovery Agreement
Weatherford’s technology will provide Equinor with simplified downhole architecture, cost savings and remote monitoring.
Basket of Energies: Transition Needs Diversified Carbon Capture Solutions
As the world strives to reach emissions goals, experts from Kent discuss the necessity of a diverse energy portfolio that includes both hydrocarbons and new forms of energy.
Hess Shareholders Approve Chevron Merger
Hess Corp. stockholders voted in favor of the company’s merger with Chevron Corp. during Hess’ May 28 special meeting.
US Weighs Additional Sanction Steps as Russia Shifts War Footing, White House Says
Russia-China trade has dropped since U.S. President Joe Biden had expanded Treasury's ability to target financial institutions, adding authorities may expand further.
Permian Resources Completes Liquidation of Canada’s Lynden Energy
Permian Resources said the liquidation of Lynden Energy, a subsidiary of Earthstone Energy, will simplify its corporate structure and reduce go-forward tax obligations at the time of the Earthstone acquisition.
Mexico’s Demand for Permian Pipe-gas Likely Here to Stay
Permian gas producers exporting piped gas to Mexico can rest assured that demand south of the border will remain robust even under a new Mexican president, Wood Mackenzie says.
E&P Highlights: May 28, 2024
Here’s a roundup of the latest E&P headlines, including production start up at a field using an innovative emissions reduction technology.
Energy Transfer to Buy Permian Midstream Player WTG for $3.25B
Energy Transfer has agreed to purchase WTG Midstream Holdings’ assets, including Midland Basin core infrastructure, from Diamondback Energy, Stonepeak and the Davis Estate in a cash and stock deal.
Proxy Vote Preview: Chevron, Hess and Guyana Uncertainty
Chevron Corp. stockholders will vote on May 28 and Hess’ stakeholders on May 29 on a $53 million combination that largely centers on Hess’ stake offshore Guyana.
EOG Resources, BP, Shell Bid in Trinidad Oil and Gas Auction
BP, Shell and EOG Resources companies bid for the Modified UC Block, which is near to the Teak, Sammaan and Poui producing fields.
Martin Resource Offers to Buy Spinoff Martin Midstream for $100.3MM
Martin Resource Management created Martin Midstream through an IPO in 2002.
Equinor to Invest $1B in Troll West Gas Project
Equinor awarded contracts to OneSubsea and SLB in the Troll Field as part of efforts the further develop gas infrastructure offshore Norway.
Earthstone’s Anderson Relaunches, Seeks Conventional
The new E&P PetroPeak Energy will also take a look at unconventional property in the Eagle Ford and Austin Chalk.
Challenges to Funding Rapid Deployment of Energy Transition Technology
Enormous capital investments are needed to meet these public policy and societal goals according to the International Energy Agency (IEA), global investment in clean energy technology needs to be $4.5 trillion by the early 2030s if the Paris Agreement’s 2050 net-zero target is going to be reached.