Latest From Hart Energy
Exxon Mobil Green-lights $12.7B Whiptail Project Offshore Guyana
Exxon Mobil’s sixth development in the Stabroek Block will add 250,000 bbl/d capacity when it starts production in 2027.
The Jones Act: An Old Law on a Voyage to Nowhere
Keeping up with the Jones Act is a burden for the energy industry, but efforts to repeal the 104-year-old law may be dead in the water.
Xerion CEO: Battery Industry Infrastructure Buildout Must be Holistic
John Busbee, CEO and co-founder of Xerion Advanced Battery Corp. tells Jordan Blum, Hart Energy’s editorial director, that the whole battery industry must advance at the same time in order to be successful.
Legislation, Renewables, Health, Safety & Environment, Liquefied Natural Gas (LNG), Natural Gas, Hart Energy Exclusive, CERAWeek
Exclusive: ‘Reality Has Hit,’ NatGas Not Just a Bridge Fuel, Landrieu Says
The Biden administration's LNG pause is "disappointing" and natural gas is a "solution to energy woes," co-chairs for Natural Allies for a Clean Energy Future Senator Mary Landrieu and Congressman Kendrick Meek told Hart Energy's Jordan Blum at CERAWeek by S&P Global.
Riley Permian Announces Quarterly Dividend
Riley Exploration Permian’s dividend is payable May 9 to stockholders of record by April 25.
UAE's ADNOC Recently Eyed BP as Takeover Target, Sources say
The Emirati giant, Abu Dhabi National Oil Co., considered all options when looking at BP, including buying a big stake.
Genesis Energy Declares Quarterly Dividend
Genesis Energy declared a quarterly distribution for the quarter ended March 31 for both common and preferred units.
AI Poised to Break Out of its Oilfield Niche
At the AI in Oil & Gas Conference in Houston, experts talked up the benefits artificial intelligence can provide to the downstream, midstream and upstream sectors, while assuring the audience humans will still run the show.
Sinopec Completes Drilling of China’s Deepest Geothermal Well
Sinopec said the Fushen-1 Well was drilled to a depth of 5,200 meters.
GeoPark to Acquire Interests in Vaca Muerta
GeoPark Ltd. entered into a binding offer to acquire a non-operated working interest in Argentina’s Neuquen Basin’s Vaca Muerta Formation as it extends its reach across Latin America.
Cardinal Energy Declares April Dividend
Canadian oil and gas company Cardinal Energy Ltd. will pay a CA$0.06 (US$0.044) per common share dividend.
Coalition Launches Decarbonization Program in Major US Cities, Counties
A national coalition will start decarbonization efforts in nine U.S. cities and counties following a federal award of $20 billion “green bank” grants.
Biden Administration Argues Against Enbridge Pipeline Shutdown Order
The U.S. argues that shutting down the pipeline could interrupt service and violate a 1977 treaty between the U.S. and Canada to keep oil flowing.
Exclusive: Frank Tsuru Reflects on Indigo's History, Impact in the Haynesville
Frank Tsuru, president and CEO of Momentum Midstream and former CEO of Indigo Natural Resources, looks back at the early stages of Haynesville development and the Indigo-Southwestern deal, in this Hart Energy Exclusive interview.
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.
US NatGas Flows to Freeport LNG Export Plant Drop Near Zero
The startup and shutdown of Freeport has in the past had a major impact on U.S. and European gas prices.
Diamondback Prices Senior Notes to Help Cover Endeavor Deal Cost
Diamondback Energy’s notes will help cover cash consideration for the pending acquisition of Endeavor Energy as well as repaying debt owed by Endeavor.
Global Partners Buys Four Liquid Energy Terminals from Gulf Oil
Global Partners initially set out to buy five terminals from Gulf Oil but the purchase of a terminal in Portland was abandoned after antitrust concerns were raised by the FTC and the Maine attorney general.
Svante CEO on Reducing ‘Friction’ in the Carbon Capture Marketplace
Svante President and CEO Claude Letourneau discusses the challenges — and progress made — with capturing carbon emissions with Jordan Blum, Hart Energy’s editorial director.
‘Unapologetic,’ Barclays Restarts E&P Coverage: ‘The World Needs Oil and Gas’
Barclays analysts, in restarting coverage of E&Ps, presented anti-hydrocarbon investors with “a reality check on energy transition.”
Political, Legal Fight Over Biden’s LNG Pause Intensifies
In 2021, states and the White House had a similar conflict over offshore oil and gas leasing rights.
Avangrid Begins Construction on its First California Solar Farm
Avangrid’s Camino Solar project will generate 57 megawatts of power, the equivalent of the power needs of about 14,000 U.S. homes.
Pembina Declares Series of Quarterly Dividends
Pembina Pipeline Corp’s board of directors declared quarterly dividends for series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25.
Haynesville’s Harsh Drilling Conditions Forge Tougher Tech
The Haynesville Shale’s high temperatures and tough rock have caused drillers to evolve, advancing technology that benefits the rest of the industry, experts said.
RWE, WhiteRock Partner to ‘Supercharge’ US Renewables Growth
As part of the partnership, WhiteRock will originate and develop between 4 gigawatts (GW) and 5 GW of onshore wind, solar and battery energy storage system projects, RWE said April 9.
Chevron, Brightmark JV Opens RNG Facility in Arizona
Eloy RNG produces RNG using anaerobic digesters at the Caballero Dairy in Arizona, Brightmark said April 10.
Amid ‘Battery Arms Race,’ Xerion CEO Talks Tech, Maturing Market, China
The late-stage battery startup is active in the military and electronics space, but is gaining attention for technology that extracts lithium from geothermal brine.
Acquisitions & Divestitures, Shale Plays, Liquefied Natural Gas (LNG), DUG Haynesville, Hart Energy Exclusive
Exclusive: Rockcliff CEO on $2.7B TGNR Deal, Value of Haynesville M&A
Rockcliff Energy CEO and President Alan Smith discusses the ups and downs of executing the transaction with TG Natural Resources and what's on the Rockcliff III radar, in this Hart Energy Exclusive interview.
US Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten
Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.
US Natgas Prices Hit 5-week High on Rising Feedgas to Freeport LNG, Output Drop
U.S. natural gas futures climbed to a five-week high on April 10 on an increase in feedgas to the Freeport LNG export plant and a drop in output as pipeline maintenance trapped gas in Texas.