Latest Hart Energy Exclusives
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.
CPP Wants to Invest Another $12.5B into Oil, Gas
The Canada Pension Plan’s CPP Investments is looking for more oil and gas stories—in addition to renewable and other energies.
Delfin Signs 15-Year LNG Supply Agreement with Berlin’s SEFE
Delfin Midstream is building the customer base for its floating LNG platform off the Gulf Coast.
Siemens Acquires Tech Firm Altair Engineering in Deal Worth $10.6B
Siemens has closed an acquisition of Altair Engineering, strengthening its industrial AI, digital twin and high-performance computing offerings.
Aramco Secures 50% Stake in Blue Hydrogen Industrial Gases
Aramco and Blue Hydrogen are expected to combine their operations to produce hydrogen from Aramco’s carbon capture and storage operations in Jubail, Saudi Arabia.
NatGas Positioned in a ‘Goldilocks’ Zone to Power Data Centers
On-site power generation near natural gas production is the tech sector's ‘just right’ Goldilocks solution for immediate power needs.
Ironwood Launches Third Eagle Ford Midstream Co. After January Sale
Ironwood Midstream has launched its third iteration after having sold assets to Plains All American in January.
Horizon Oil Acquires 75% Stake in Exxon’s Thai Subsidiary
Horizon Oil Ltd. is paying $30 million for the 75% stake in Exxon Mobil Exploration and Production Khorat Inc., plus an additional $7.5 million in contingency payments.
TechnipFMC Awarded EPCI for Equinor’s Johan Sverdrup Phase 3
The Johan Sverdrup Field, which originally began production in 2019, is one of the largest developments in the Norwegian North Sea.
Uncoiled: Viper Energy Rides Investor, M&A Wave to New Heights in ‘24
With its units coming off an all-time high, Viper Energy made a $4.45 billion Permian acquisition. VNOM units are gaining favor among Wall Street investors. It took more than a decade and several economic downturns to get there.
Elliott Sues Phillips 66 to Put Board Nominees Up for Vote
Elliott Investment Management has asked a court to order Phillips 66 to require four board seats to stand for election at its annual shareholder meeting.
Venture Global Asks FERC to Approve Calcasieu Pass Opening
Shell’s CEO says he expects an update to the company’s ongoing arbitration with Venture Global.
East Daley: Midstream Investors Drawn to Southeast as Demand Heats Up
Competition for gas supply will heat up as demand from data centers and new LNG projects jockey for a spot on takeaway lines.
Shell Raises Shareholder Distributions and LNG Sales Target, Trims Spending
Shell trimmed its annual investment budget to a $20 billion to $22 billion range through 2028 after spending $21.1 billion last year.
Oil Loading Slows at Venezuela's Ports Amid US Tariffs, License Termination, Data Shows
Loading of Venezuela's heavy crude at its main oil ports slowed this week after the Trump administration imposed a 25% tariff on trade with countries buying the South American nation's oil.
Ithaca Grows in UK North Sea with $193MM JAPEX Deal
Ithaca Energy is paying $193 million to acquire JAPEX UK E&P, which holds a 15% working interest in the Seagull oil field of the U.K. Central North Sea.
Charif Souki Plans Third US NatGas Venture, Including E&P Team
Charif Souki, co-founder of the Lower 48’s first and largest LNG exporter, has his sights set on a third natural gas venture after his exit from Tellurian Inc.
How DeepSeek Made Jevons Trend Again
As tech and energy investors began scrambling to revise stock valuations after the news broke, Microsoft Corp.’s CEO called it before markets open: “Jevons paradox strikes again!”
ENGIE Adds 900 MW Solar, Storage to Portfolio from Ares Management
The addition brings ENGIE North America and Ares Management’s partnership to 3.7 gigawatts of investment in U.S. generation.
In Colorado, the Regulatory Noose Tightens for E&Ps
More stringent rules on everything from drilling and orphan wells to emissions is raising the cost of fossil fuel production in the state.
Tidewater Midstream Closes CA$24MM Alberta Roadway Sale
Tidewater Midstream and Infrastructure agreed to sell the roadway network, located around the Brazeau River Complex, to Canadian Resource Roadways for CA$24 million (US$16.8 million).
AI Moves into Next Phase of E&P Adoption as Tech Shows Full Potential
AI adoption is helping with operations design and improving understanding of the subsurface for big companies. Smaller companies are beginning to follow in their footsteps, panelists said at Hart Energy’s DUG Gas Conference.
Improving Gas Macro Heightens M&A Interest in Haynesville, Midcon
Buyer interest for Haynesville gas inventory is strong, according to Jefferies and Stephens M&A experts. But with little running room left in the Haynesville, buyers are searching other gassy basins.
E&P Highlights: March 24, 2025
Here’s a roundup of the latest E&P headlines, from an oil find in western Hungary to new gas exploration licenses offshore Israel.
Validus Pays $850MM for 89 Energy as Midcon M&A Heats Up
Elliott Investment Management-backed Validus Energy continues to roll up Midcontinent assets, closing an $850 million acquisition of 89 Energy III.