Latest From Hart Energy
TotalEnergies Acquires Eagle Ford Interest, Ups Texas NatGas Production
TotalEnergies’ 20% interest in the Eagle Ford’s Dorado Field will increase its natural gas production in Texas by 50 MMcf/d in 2024.
OKEA Fast-tracking North Sea’s Brasse Tieback to Brage
OKEA expects first production in 2027 and has signed contracts with Aker Solutions, Subsea7 and OneSubsea.
Diamondback May Go Nuclear to Power Permian Basin Ops
Oklo Inc., a California fission power plant developer, on April 8 said it signed a letter of intent to collaborate with Diamondback Energy on implementation of nuclear energy for drilling operations in the Permian Basin.
Exclusive: Dan Romito Urges Methane Mitigation Game Plan
Dan Romito, the consulting partner at Pickering Energy Partners, says evading mitigation responsibility is "naive" as methane detection technology and regulation are focusing on oil and gas companies, in this Hart Energy Exclusive interview.
AI in Oil: Revolution’s Coming, but Tech Adoption Remains Tentative
CERAWeek experts say AI will disrupt oil and gas jobs while new opportunities will emerge as the industry braces for an AI-driven workflow transformation.
CIP Acquires Majority Stake in Elgin, Plans $315MM Investment
Copenhagen Infrastructure Partners acquired a majority stake in Elgin Energy with plans to invest $316 million in the company.
Kinder Morgan Exec: Building Pipelines ‘Challenging, but Manageable’
Allen Fore, vice president of public affairs for Kinder Morgan, said building anything, from a new road to an ice cream shop, can be tough but dealing with stakeholders up front can move projects along.
Private Equity, Public Capital, Exploration & Production, Midstream, New Energies, CERAWeek, Hart Energy Exclusive
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.
US Decision on Venezuelan License to Dictate Production Flow
The outlook for Venezuela’s oil industry appears uncertain, Rystad Energy said April 4 in a research report, as a license issued by the U.S. Office of Assets Control (OFAC) is set to expire on April 18.
Beacon Offshore Divests Non-op Gulf of Mexico Interests
Beacon Offshore Energy said that with its non-op assets divested, it would turn all of its focus to its Shenandoah and Winterfell assets in the Gulf of Mexico.
Enterprise Products Partners Ups Quarterly Distribution
Enterprise Products Partners said the distribution represents a 5.1% increase over first quarter 2023.
Energy Transition in Motion (Week of April 5, 2024)
Here is a look at some of this week’s renewable energy news, including the U.S. Environmental Protection Agency’s $20 billion ‘green bank.’
Chesapeake-Southwestern Deal Delayed Amid Feds Scrutiny of E&P M&A
The Federal Trade Commission asked Chesapeake and Southwestern for more information about their $7.4 billion merger — triggering an automatic 30-day waiting period as the agency intensifies scrutiny of E&P deals.
US Drillers Cut Oil, Gas Rigs for Third Week in a Row
The oil and gas rig count, an early indicator of future output, fell by one to 620 in the week to April 5, the lowest since early February.
Markman: Is MethaneSAT Watching You? Yes.
EDF’s MethaneSAT is the first satellite devoted exclusively to methane and it is targeting the oil and gas space.
Mighty Midland Still Beckons Dealmakers
The Midland Basin is the center of U.S. oil drilling activity. But only those with the biggest balance sheets can afford to buy in the basin's core, following a historic consolidation trend.
GE Vernova Completes Spin-Off from GE
GE Vernova, an energy transition company, began trading as an independent company on the New York Stock Exchange this week.
The Pandora's Box of AI: Regulation or Self-governance?
Experts urge policymakers to learn from the failure to rein in the internet and move quickly to regulate AI.
Mexico Pacific FID Imminent for Saguaro LNG Trains 1 and 2
Mexico Pacific Ltd. is close to taking an initial final investment decision for the first two trains at its Saguaro Energía LNG facility in Sonora, Mexico, which will source feed gas from the Permian Basin.
Exclusive: Sponte Operating's Long-haul NatGas Strategy
President and CEO of Sponte Operating Chris Widell says the company is pinching back production as gas prices remain on the lower end, but is ready on the operation side when prices come back up in this Hart Energy Exclusive interview.
Chevron Adds to Carbon Capture Tech Portfolio with ION Investment
Chevron New Energies led a funding round that raised $45 million in Series A financing for ION Clean Energy, according to a news release.
Dispatch from the LNG Front: Development Not ‘Paused’ so much as Slowed
Analysts: Low prices may stall upcoming gas gathering projects that are needed for an expected boom.
Kinetik Holdings Enters Agreement to Pay Debt
Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.
Murphy Oil Declares Quarterly Dividend
Murphy Oil Corp.’s dividend is payable June 3 to shareholders of record by May 20.
Early Startup of Trans Mountain Pipeline Expansion Surprises Analysts
Analysts had expected the Trans Mountain Pipeline expansion to commence operations in June but the company said the system will begin shipping crude on May 1.
Riley Permian to Acquire New Mexico Acreage, Launches Stock Offering
E&P Riley Exploration Permian will offer 2.1 million shares to help pay for the purchase of 12,500 net acres in Eddy County, New Mexico.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
US Clears 2.6-GW Offshore New England Wind Project
Located south of Martha’s Vineyard off of Massachusetts, the project consists of the 791-megawatt New England Wind 1 and the 1.87-GW New England Wind 2.
Analysts, SLB Execs See Stability in $7.7B ChampionX Deal
The acquisition of ChampionX vaults SLB’s chemical production business to No. 1 globally and orients SLB's business toward resource recovery that is less tied to price volatility.
Marketed: Nye Oil 27 Property Package in Texas
Nye Oil LLC has retained EnergyNet for the sale of a 27 property package in Frio and La Salle counties, Texas.