Latest From Hart Energy
No Silver Bullet: Chevron, Shell on Lower-carbon Risks, Collaboration
Helping to scale lower-carbon technologies, while meeting today’s energy needs and bringing profits, comes with risks. Policy and collaboration can help, Chevron and Shell executives say.
Canadian Railway Companies Brace for Strike
A service disruption caused by a strike in May could delay freight deliveries of petrochemicals.
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.
Energy Transfer Ups Quarterly Cash Distribution
Energy Transfer will increase its dividend by about 3%.
Guyana’s Stabroek Boosts Production as Chevron Watches, Waits
Chevron Corp.’s planned $53 billion acquisition of Hess Corp. could potentially close in 2025, but in the meantime, the California-based energy giant is in a “read only” mode as an Exxon Mobil-led consortium boosts Guyana production.
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Solar Sector Awaits Feds’ Next Move on Tariffs
A group of solar manufacturers want the U.S. to impose tariffs to ensure panels and modules imported from four Southeast Asian countries are priced at fair market value.
Chevron’s Tengiz Oil Field Operations Start Up in Kazakhstan
The final phase of Chevron’s project will produce about 260,000 bbl/d.
ProPetro Ups Share Repurchases by $100MM
ProPetro Holding Corp. is increasing its share repurchase program to a total of $200 million of common shares.
Natural Gas, Liquefied Natural Gas (LNG), Health, Safety & Environment, Emissions, Shale Plays, Pipelines
Segrist: The LNG Pause and a Big, Dumb Question
In trying to understand the White House’s decision to pause LNG export permits and wondering if it’s just a red herring, one big, dumb question must be asked.
Baker Hughes Hikes Quarterly Dividend
Baker Hughes Co. increased its quarterly dividend by 11% year-over-year.
Weatherford M&A Efforts Focused on Integration, Not Scale
Services company Weatherford International executives are focused on making deals that, regardless of size or scale, can be integrated into the business, President and CEO Girish Saligram said.
Deep Well Services, CNX Launch JV AutoSep Technologies
AutoSep Technologies, a joint venture between Deep Well Services and CNX Resources, will provide automated conventional flowback operations to the oil and gas industry.
Enterprise’s SPOT Deepwater Port Struggles for Customers
Years of regulatory delays, a loss of commercial backers and slowing U.S. shale production has Enterprise Products Partners’ Sea Port Oil Terminal and rival projects without secured customers, energy industry executives say.
Range Resources Holds Production Steady in 1Q 2024
NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound.
EQT Sees Clear Path to $5B in Potential Divestments
EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers as the company looks to shed debt for its Equitrans Midstream acquisition.
Novo II Reloads, Aims for Delaware Deals After $1.5B Exit Last Year
After Novo I sold its Delaware Basin position for $1.5 billion last year, Novo Oil & Gas II is reloading with EnCap backing and aiming for more Delaware deals.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
TotalEnergies, Vanguard Renewables Form RNG JV in US
Total Energies and Vanguard Renewable’s equally owned joint venture initially aims to advance 10 RNG projects into construction during the next 12 months.
US Interior Department Releases Offshore Wind Lease Schedule
The U.S. Interior Department’s schedule includes up to a dozen lease sales through 2028 for offshore wind, compared to three for oil and gas lease sales through 2029.
Utah’s Ute Tribe Demands FTC Allow XCL-Altamont Deal
More than 90% of the Utah Ute tribe’s income is from energy development on its 4.5-million-acre reservation and the tribe says XCL Resources’ bid to buy Altamont Energy shouldn’t be blocked.
Hess Midstream Increases Class A Distribution
Hess Midstream has increased its quarterly distribution per Class A share by approximately 45% since the first quarter of 2021.
Mexico Presidential Hopeful Sheinbaum Emphasizes Energy Sovereignty
Claudia Sheinbaum, vying to becoming Mexico’s next president this summer, says she isn’t in favor of an absolute privatization of the energy sector but she isn’t against private investments either.
Rhino Taps Halliburton for Namibia Well Work
Halliburton’s deepwater integrated multi-well construction contract for a block in the Orange Basin starts later this year.
Keeping it Tight: Diversified Energy Clamps Down on Methane Emissions
Diversified Energy wants to educate on emission reduction successes while debunking junk science.
Solar Panel Tariff, AD/CVD Speculation No Concern for NextEra
NextEra Energy CEO John Ketchum addressed speculation regarding solar panel tariffs and antidumping and countervailing duties on its latest earnings call.
NextEra Energy Dials Up Solar as Power Demand Grows
NextEra’s renewable energy arm added about 2,765 megawatts to its backlog in first-quarter 2024, marking its second-best quarter for renewables — and the best for solar and storage origination.
Halliburton’s Low-key M&A Strategy Remains Unchanged
Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
Baker Hughes Awarded Saudi Pipeline Technology Contract
Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions