Latest From Hart Energy
Dallas Fed Energy Survey: Permian Basin Breakeven Costs Moving Up
Breakeven costs in America’s hottest oil play continue to rise, but crude producers are still making money, according to the first-quarter Dallas Fed Energy Survey. The situation is more dire for natural gas producers.
Liberty Energy CEO: NatGas is Here to Stay as Energy Transition Lags
The energy transition hasn’t really begun given record levels of global demand for oil, natural gas and coal, Liberty Energy Chairman and CEO Chris Wright said during the DUG GAS+ Conference and Expo.
Enlight Renewable Energy Wins Funding for Serbian Wind Project
Enlight Renewable Energy said it received a $101 million loan for its second windfarm project in Serbia, which will help the country reduce its dependency on coal-fired power generation.
OEP Completes Acquisition of TechnipFMC’s Measurement Solutions Business
One Equity Partners said TechnipFMC’s measurement solutions business will be rebranded as Guidant and specialize in measurement technology, automation solutions and global systems.
PE Investors Scoop Up Offshore Services Provider Acteon Group
Acteon Group, a U.K.-based subsea services provider serving customers in offshore oil, gas and renewables, was acquired by new private equity backers.
Gas Executives: US Pipe Dreams ‘Not Dead,’ but Challenging
Regulators could pivot as “market signals that may come may be worse than regulators are looking for,” Sempra Infrastructure’s president of LNG said.
New US Rules Seek to Curb Leaks From Drilling on Public Lands
The U.S. Interior Department finalized rules aimed at limiting methane leaks from oil and gas drilling on public lands.
Help Wanted (Badly): Attracting Workers to Energy is Becoming Difficult
Attracting workers to the energy industry is becoming a difficult job, despite forecasted growth in the industry.
Exclusive: Is TG Natural Resources Looking to Snap Up More?
At Hart Energy's DUG Gas+ Conference and Expo in Shreveport, Louisiana, TG Natural Resources' President and CEO Craig Jarchow said the integration of the Rockcliff Energy acquisition is well underway and that "being acquisitive is certainly" in the company's future.
Green Light: NatGas Industry Just Fine, TG Natural Resources CEO Says
Craig Jarchow, president and CEO of TG Natural Resources, updated the integration status of its $2.7 billion acquisition of Rockcliff Energy and addressed macro concerns about the natural gas business at Hart Energy’s DUG GAS+ Conference and Expo in Louisiana.
Stena Evolution Upgrade Planned for Sparta Ops
The seventh-gen drillship will be upgraded with a 20,000-psi equipment package starting in 2026.
IKAV and VTTI to Buy Majority Stake in Italy's Adriatic LNG Terminal
The closing of the deal to buy majority stake in the Adriatic LNG terminal by VTTI and IKAV is expected in the second half of the year.
Could Concentrated Solar Power Be an Energy Storage Gamechanger?
Vast Energy CEO Craig Wood shares insight on concentrated solar power and its role in energy storage and green fuels.
ONEOK CEO: ‘Huge Competitive Advantage’ to Upping Permian NGL Capacity
ONEOK is getting deeper into refined products and adding new crude pipelines through an $18.8 billion acquisition of Magellan Midstream. But the Tulsa company aims to capitalize on NGL output growth with expansion projects in the Permian and Rockies.
Paisie: Dutch Vehicle Fleet Foreshadows Structural Shifts
The expanding role of battery electric vehicles will be supported by the development of associated supply chains, as indicated by Stratas Advisors' forecast of global EV battery production capacity.
Phillips 66 Explores Sale of Pipeline Stake Worth Over $1B, Sources Say
The Rockies Express Pipeline is a 2730-km interstate natural gas pipeline stretching from Wyoming and Colorado in the West to Ohio.
SM Energy Declares Quarterly Cash Dividend
SM Energy’s dividend will be paid out on May 3 to stockholders on record as of April 19.
US Gives Final Green Light to Sunrise Wind Offshore Project
The approval by the Bureau of Ocean Energy Management solidified Ørsted and Eversource’s commitment to the project with both taking final investment decisions.
Exclusive: TES CEO Sees Electric Natural Gas as a Trillion Dollar Market
Marco Alverà, the co-founder and CEO of TES, details how electric natural gas from green hydrogen is a cheaper and easier to produce fuel and shares insight on its e-NG partnership with TotalEnergies, in this Hart Energy Exclusive.
Bill Gates: ‘A Heroic Effort’ is Beginning, but Climate Goals Still Won’t be Hit
Bill Gates said during CERAWeek by S&P Global that the energy transition was picking up speed but still wouldn’t be able to achieve the climate goals established under the Paris Agreement of 2015.
TotalEnergies, Sinopec to Develop SAF Unit in China
TotalEnergies and Sinopec’s production unit will have the capacity to produce 230,000 tons of sustainable aviation fuel per year.
Stonepeak Joins Shizen to Form Asian Onshore Wind Platform
Stonepeak will have an 80% interest in the onshore wind energy platform, with Japan-based Shizen retaining the remaining 20% interest.
Shipping Traffic Freezes Up in Port Waters After Baltimore Bridge Collapse
U.S. port of Baltimore traffic was suspended until further notice following a bridge collapse. At least 13 vessels expected to load coal were anchored near the port at the time of the incident.
Matador Stock Offering to Pay for New Permian A&D—Analyst
Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
‘Unexpected’ JV to Move Permian NatGas to Gulf Coast LNG Terminals
A trio of midstream companies—Enbridge, Whitewater and MPLX—will work together to build infrastructure to transport Permian Basin natural gas to Gulf Coast LNG terminals.
Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says
Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
Tech Trends: Safety, Speed, Savings: Automation is Transforming Drilling
Drilling is getting smarter through automation, delivering efficiency, consistency and reliability.
Sold in 66 Days: Inside the Diamondback-Endeavor Deal
Diamondback Chairman and CEO Travis Stice first offered “at least $25 billion” for Endeavor Energy Resources on Dec. 8. The deal closed just weeks later for $26 billion.
IndustryVoice: Synergen - Emerging Stronger and More Expansive Amidst a Gritty and Unforgiving Oil & Gas Industry
Synergen, led by CEO Matt Adkins, epitomizes the concept of synergy in action. Drawing from his background as a nurse anesthetist, Adkins understands the power of multiple systems working together cohesively to achieve a common goal. However, it was the gritty realities of the oil and gas water industry—symbolized by the sounds of bulldozer tracks and the smell of condensate—that truly defined success for him.
Marketed: Onyx Resources 40 Well Package in Texas, New Mexico
Onyx Resources has retained EnergyNet for the sale of a 40 well package plus 3,192.48 net leasehold acres in Crane, Ector and Winkler counties, Texas and Lea County, New Mexico.