Latest From Hart Energy
Crude Oil, Natural Gas, Shale Plays, Exploration & Production, Service & Supply, Policy & Regulations
Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
Uncertainty Abounds: IRA Clean Energy Incentives Await Fate
Policy experts weigh in on the next possible steps for President Joe Biden’s signature climate law, the Inflation Reduction Act, following the Trump-led Republican trifecta.
Acquisitions & Divestitures, Natural Gas, Gathering & Processing, Natural Gas liquids (NGL), Pipelines
Pembina Closes $290MM Deal for Stake in Whitecap’s NatGas Facility
Pembina Gas Infrastructure closed a CA$420 million transaction to acquire interests in Whitecap Resources’ natural gas processing facility in Alberta, Canada.
Equinor’s Norwegian LNG Plant Likely Shuttered for a Week
An outage at Equinor’s Arctic facility, Hammerfest LNG, will temporarily close Europe’s largest LNG export facility.
One Equity Partners Completes Acquisition of EthosEnergy
Private-equity firm One Equity Partners said it purchased EthosEnergy to meet the growing maintenance needs of the gas power market.
Sintana Reports Two Discoveries Offshore Namibia
Sintana Energy Inc. said the Mopane-2A well found gas condensate in one reservoir and light oil in a smaller one.
Equinor Secures $3B in Financing for New York’s Empire Wind 1
Equinor’s 810-megawatt Empire Wind 1, which is scheduled to begin commercial operations in 2027, has accumulated the equivalent of about $5 billion in capital investments for the offshore New York project.
FERC Closes Out ’24 with Rulings to Boost LNG Supply
A trio of Federal Energy Regulatory Commission authorizations in the latter half of December allowed new LNG trains to begin operations or boosted gas supplies to the facilities.
Microseismic Tech Breaks New Ground in CO2 Storage
Microseismic technology has proved its value in unconventional wells, and new applications could enable monitoring of sequestered CO2 and facilitate geothermal energy extraction.
Carbon TerraVault Receives California’s First Class VI Permits from EPA
The Environmental Protection Agency granted California Resources Corp.’s Carbon TerraVault Class VI well permits for the underground injection and storage of CO2.
IndustryVoice: Powering Efficiency: Leveraging GenAI Tools for Operational Excellence in the Energy Industry
Artificial intelligence, including the need for more data centers to power them, is expected to increase the domestic demand for natural gas. But the oil and gas industry also is poised to benefit much more from the use of generative AI (GenAI) to boost its own efficiencies.
EQT Closes $1.25B Non-Op Appalachia Divesture to Equinor
EQT Corp. said the proceeds of the sale to Equinor were used to repay outstanding borrowings under its revolving credit facility related to its acquisition of Equitrans Midstream Corp.
Mobile Pipeline Maker Hexagon Agility Receives $11.2M Order
Hexagon Agility says an oilfield service company is planning on converting its well-completion equipment fleet from diesel to natural gas.
Vantage Drilling Names Williams Thomson as New COO
Thomson is currently Vantage’s chief commercial officer and CTO and has served the company since 2008.
Innovative Insulation: The Future of Thermal Management
Silicone-based, spray-on coating simplifies application and improves protection for downstream assets and workers.
Ormat Starts Operations at New Jersey Energy Storage Facility
Ormat Technologies Inc. said the Montague energy storage project has a capacity of 20 megawatt/20 megawatt-hours.
Coterra Notches Year-End Permian Deal for $43MM
Coterra Energy will buy an additional 1,650 net royalty acres from Sandia Minerals LLC, the interests of which are owned by Franklin Mountain Royalty Investments, for $43 million.
PE Firm Northleaf to Divest Interests in Spanish Solar Farm
Private equity firm Northleaf Capital Partners acquired a controlling interest in the NCP Solar Mula farm in 2018.
DT Midstream Closes $1.2B Midwest Pipeline Acquisition with ONEOK
DT Midstream acquired three pipelines with more than 3.7 Bcf/d of capacity that span approximately 1,300 miles across seven states.
Less Flaring, More Bitcoin: Startup Catches Eye of Halliburton Labs
360 Energy, a startup that sets up generators on pad sites and uses the electricity for cryptocurrency, has recently caught the attention of Halliburton Labs.
Seadrill Completes Sale of Jackup Rig West Prospero
Seadrill has sold its West Prospero jackup rig for $45 million in cash in an effort to exit the jack-up rig market.
Belcher: Heed the Harsh Lessons from Europe’s Net-Zero Perils
The EU’s aggressive climate stance is wreaking economic havoc and mounting regulations could hurt the U.S. LNG industry.
Williams Completes Mid-Atlantic Transco Expansion Project
Williams Cos.'s Transco Southside Reliability Enhancement project is now online.
Exploration & Production, Crude Oil, Natural Gas, Liquefied Natural Gas (LNG), Acquisitions & Divestitures, Emissions
E&P Highlights: Dec. 30, 2024
Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
EQT Closes $3.5B Midstream JV With Blackstone Credit
EQT used the $3.5 billion in proceeds from the midstream joint venture deal to pay down debt.
Subsea7 Awarded Contract for Gas Field Offshore Turkey
Subsea7 will provide inspection, repair and maintenance for the Sakarya field.
NatGas Prices Jump on Forecast of Widespread Freeze
The National Weather Service predicts a mid-month, lingering cold snap for much of the U.S., prompting natural gas prices to increase by roughly $0.50 per MMBtu.
Cheniere Produces First LNG in Corpus Christi Expansion Project
Houston-based Cheniere adds to quickly growing U.S. production capacity.
Ecopetrol Buys Repsol Asset Out from Under GeoPark
GeoPark Ltd. said Ecopetrol has exercised its preemptive to acquire Repsol Colombia O&G Ltd., which holds a 45% non-operating working interest Block CPO-9.
What's Affecting Oil Prices This Week? (Dec. 30, 2024)
Looking forward, Stratas Advisors forecasts that Brent oil will average $76.90 in 1Q25.