Latest Hart Energy Exclusives
Trinasolar Develops Tandem Solar Module That Exceeds 800W
The 3.1-sq-m module was made with perovskite/silicon tandem solar cells, Trinasolar says.
Woodside Divests Greater Angostura Assets to Perenco for $206MM
The Greater Angostura field produces approximately 12% of Trinidad and Tobago’s gas supply, said Woodside CEO Meg O’Neill in a press release.
Phillips 66 Director Criticizes Activist Investor Elliott Amid Proxy Battle
A boardroom battle between U.S. refiner Phillips 66 and activist investor Elliott Investment Management has intensified with a Phillips 66 independent director leveling criticisms at Elliott in an open letter to shareholders.
Glenfarne Deal Makes Company Lead Developer of Alaska LNG Project
Glenfarne Group LLC is taking over as the lead developer of the Alaska LNG project with the acquisition of a majority interest in the project from Alaska Gasline Development Corp.
Mentor Buys Diamondback-Operated Royalty Acres in Permian
Mentor Capital Inc. has purchased a 25.127 net royalty acre stake in West Texas’ Permian Basin.
Energy Transition in Motion (Week of March 28, 2025)
Here is a look at some of this week’s renewable energy news, including another record for renewables power capacity growth.
In Inventory-Scarce Permian, Could Vitol’s VTX Fetch $3B?
With recent Permian bids eclipsing $6 million per location, Vitol could be exploring a $3 billion sale of its shale business VTX Energy Partners, analysts say.
US Drillers Cut Oil, Gas Rigs for First Time in Three Weeks
The oil and gas rig count fell by one to 592 in the week to March 28.
Dividends Declared in Weeks of March 17, 24
Here is a compilation of dividends declared from select upstream and midstream companies during the weeks of March 17 and March 24.
Energy Technology Startups Save Methane to Save Money
Startups are finding ways to curb methane emissions while increasing efficiency—and profits.
Burgum: US Electrons are ‘Mission Critical’ in Cyber War with China
Natural gas will play a key role in feeding energy to tech providers like Microsoft Corp. as China innovates in the AI arms race at breakneck speed, Interior Secretary Doug Burgum said at CERAWeek by S&P Global.
Gradient: Geothermal Adds Value for Old, Existing Oil Wells
When geothermal piggybacks onto oil and gas operations, ‘the economics generally look really good,’ Gradient Geothermal CEO says.
BP to Sell Downstream Business in Austria
The sale, expected to be complete by year-end 2025, includes over 260 of BP’s retail sites across Austria.
US NatGas in Storage Grows for Second Week
The extra warm spring weather has allowed stocks to rise, but analysts expect high demand in the summer to keep pressure on U.S. storage levels.
Kissler: Gas Producers Should Still Hedge on Price
Recent price jumps and rising demand don’t negate the need to protect against future drops.
Prairie Operating Closes $600MM D-J Acquisition from Bayswater
Prairie Operating Co. has closed on its $602.75 million acquisition of Denver-Julesburg Basin assets from Bayswater Exploration and Production.
TotalEnergies, Partners Reach FID for Northern Lights CCS Phase 2
The second phase is expected to increase the project’s transport and storage capacity to more than 5 million tons of CO2 per year in 2028, TotalEnergies says.
Refrac King BKV Sees More Runway in Barnett Shale
BKV says it has more than 15 years of refrac and new drilling inventory in the Barnett.
Baker Hughes Awarded Drilling Contract for Gas Storage Project in Dubai
The new contract adds to the work Baker Hughes Co. is already doing on Dubai Petroleum Establishment's Margham Gas project.
BP Earns Approval to Redevelop Oil Fields in Northern Iraq
The agreement with Iraq’s government is for an initial phase that includes oil and gas production of more than 3 Bboe, BP stated.
Energy Trader Vitol Eyes $3B Sale of US Shale Producer, Sources Say
Global commodities trader Vitol is exploring a sale of its VTX Energy Partners business, in a deal that could value the U.S. shale oil and gas producer at as much as $3 billion, including debt, people familiar with the matter said.
Plains All American President Pefanis to Retire
Current CEO Willie Chiang will take over as the next president of Plains All American Pipeline following co-founder Harry Pefanis’ retirement.
Excelerate to Buy LNG, Power Assets from New Fortress for $1.055B
Excelerate Energy will buy a New Fortress Energy’s Integrated downstream LNG and power platform in Jamaica in a $1.055 billion cash acquisition.
US LNG Exports May See EU Demand Drop-Off, Asian Surge
Ukrainian peace talks could end with Russian gas back on the market, Poten & Partners analysts said.
Tribal Nations Step Away from Enbridge’s Line 5 Process
The U.S. Army Corps of Engineers included Line 5 on a list of projects to be considered for emergency permitting. But native groups say the potential emergency designation for the project is unfair.
Japan’s JAPEX Backs Former TreadStone Execs’ New E&P Peoria
Japanese firm JAPEX U.S. Corp. made an equity investment in Peoria Resources, led by former executives from TreadStone Energy Partners.
DNO ‘Hot Streak’ Continues with North Sea Discovery
DNO ASA has made 10 discoveries since 2021 in the Troll-Gjøa exploration and development area.
Japan’s Mitsui Testing Western Haynesville Alongside Comstock, Aethon
Japanese firm Mitsui has plans to drill a horizontal well in the emerging western Haynesville play as renewed foreign investment in U.S. shale continues to pick up steam.
E&P Execs Level Scathing Criticism at Trump's Drill Baby Drill 'Myth'
E&P executives pushed back at the Trump administration’s “drill, baby, drill” mantra in a new Dallas Fed survey: “’Drill, baby, drill,’ does not work with [$50/bbl] oil,” one executive said.
14 Energy Execs Send Open Letter to Canadian Government
The leaders requested the government to ease environmental regulations and encourage investments to expand the country’s energy industry.