Latest From Hart Energy
Texas Freeport LNG NatGas Flows Fall to Near Zero Ahead of Hurricane Beryl
With Freeport down, gas flows to the seven big U.S. LNG export plants, including Freeport, was on track to drop to an 11-week low of 11.0 Bcf/d on July 8.
Hurricane Beryl Knocks Out Power as it Churns Across Texas
The energy industry braced for Beryl's impact across Texas as the powerful storm slowed refining activity and prompted the evacuation of some production sites.
Devon Energy Expands Williston Footprint With $5B Grayson Mill Deal
Oklahoma City-based Devon Energy is growing its Williston Basin footprint with a $5 billion cash-and-stock acquisition from Grayson Mill Energy, an EnCap portfolio company.
Pembina Completes Partial Redemption of Series 19 Notes
The redemption is part of Pembina Pipeline’s $300 million (US$220.04 million) aggregate principal amount of senior unsecured medium-term series 19 notes due in 2026.
Williams Wins Latest Louisiana Court Battle with Energy Transfer
Williams and Energy Transfer, at loggerheads over pipeline rights of way, are also awaiting a FERC ruling over the Louisiana Gateway Project.
Oil, Gas Industry Braces for Storm After Beryl Shifts Toward Houston
Chevron and Shell have evacuated offshore platforms as Tropical Storm Beryl could grow into a Category 2 hurricane when it makes landfall in the Houston area on July 8.
Energy Transition in Motion (Week of July 5, 2024)
Here is a look at some of this week’s renewable energy news, including the latest on hydrogen in aviation.
Mexico’s Nearshoring Attracts $36B in Investment as US Energy Benefits
Mexico saw the highest level of foreign investment in 18 years as companies were attracted to low wage workers, but U.S. energy producers, among others, continue to fuel power for the country’s new factories and projects.
EIG Refinances $11B in Senior Debt for Aramco Pipeline Deal
EIG subsidiary Pearl Pipelines will use the proceeds to repay financing related to its $25.3 billion acquisition of 49% interest in Aramco Oil Pipelines Co. three years ago.
Vitol Grows LNG Bunkering Fleet by 3 Ships
LNG trading company Vitol Group is emphasizing the environmental benefits of using LNG as a shipping fuel with the acquisition of three bunkering vessels to fuel ships.
SLB, TotalEnergies to Develop Next-gen Digital Solutions
SLB and TotalEnergies’ 10-year partnership will address challenges across the energy value chain, including carbon capture, utilization and sequestration.
Port of Corpus Christi Closes as Tropical Storm Beryl Approaches
Port closures could temporarily halt crude oil exports, shipments of crude oil to refineries and motor fuels from those plants.
Oil Prices Up Slightly as US Crude Oil Inventories Fall
The U.S. Energy Information Administration reported a 12.2 million draw in the country's crude oil barrels in storage last week.
Nuclear in a Box: Mobile Nuclear Reactors May Answer Permian’s Power Ask
A top Permian producer has signed up for a small-footprint nuclear plant. A top pressure-pumper has invested in the developer. Industry members say interest in Permian nuclear is hot.
Global Electrolyzer Maker Thyssenkrupp Nucera Talks Hydrogen
Thyssenkrupp Nucera CEO Werner Ponikwar recently shared insight on the electrolytic hydrogen sector and the company’s plans in the U.S. during an exclusive interview with Hart Energy.
SLB: ‘As Expected’ ChampionX Deal to Undergo More Regulatory Review
Aggressive enforcement by the Department of Justice and Federal Trade Commission has delayed multiple high-profile, multibillion dollar oil and gas deals, with SLB’s ChampionX deal the latest.
Kosmos Energy Reports First Oil Production at GoM’s Winterfell
Winterfell, operated by Beacon Offshore Energy, will produce high margin barres with a quick payback, Kosmos CEO Andrew G. Inglis said.
The Biden Effect: LNG SPAs Fall 15% in First Half 2024 After Pause
Poten & Partners data show that the total volumes associated with LNG sale and purchase agreements fell by 15% in the first half of 2024 compared to the same period in 2023 following the Biden administration’s LNG pause.
Kissler: Are We Set Up for a Summer Natural Gas Rally?
A warmer-than-normal season could jolt prices.
Wood Awarded Concept Study for Greater Sunrise Development
Wood said the study is on target for completion by fourth quarter 2024.: Wood said the study is on target for completion by fourth quarter 2024.
Solar Cell Maker Toyo, Blue World, Vietnam Sunergy Complete Merger
The newly combined solar company is expected to trade on the Nasdaq stock exchange under the ticker symbol TOYO.
Glenfarne: HOAs Commit More than Half of Texas LNG Plant Capacity
Glenfarne Energy Transition said a new, nonbinding agreement has committed half of the Texas LNG Brownsville plant's 4 million tons/year capacity.
Seeing is Believing: Fiber Optics for CO2 Storage Monitoring
Fiber optic systems can offer CO2 plume insights in CCS applications, according to services company Weatherford.
Whitecap Sells Stakes in Gas Processing Plants in Two Deals
In separate deals, WhiteCap Resources sold gas processing assets to Topaz Energy and Pembina Pipeline—a move that strengthens Pembina’s Western Alberta position, an analyst said.
TXOGA Supports Ruling to Pause Biden’s Pause
The Texas Oil & Gas Association (TXOGA), the oldest and largest oil and gas trade association in Texas, sided with a Louisiana judge’s ruling to pause U.S. President Joe Biden’s pause of LNG permits.
IGU: Global Liquefaction Capacity Expected to Grow by 75% by 2030
The International Gas Union (IGU) expects global liquefaction capacity to reach 700 mtpa by 2030, up 75% from 2023, driven by new FIDs and the start-up of other projects under construction.
MOGAS Wins Multimillion Contract for Aramco-backed S-Oil
MOGAS said the contract is part of S-Oil backer Aramco's largest investment in South Korea.
Oceaneering Awarded Multiple GoM Vessel Services Contracts
Oceaneering also secured two separate pricing agreements that include the use of new technologies from its integrated, customizable IMR service.
Give Us a Signal: Tech Firm Ups E&P Coverage in Remote Plays
As E&Ps struggle to transmit information over public networks in out-of-the-way oil and gas basins, tech firm Digi is working to improve its reception.
Norwegian Energy Data Companies PGS, TGS Complete Merger
Norwegian companies PGS and TGS have completed their merger to create a full-service energy data company.