Latest From Hart Energy
Diversified Energy Buys NatGas Assets in Runup to LNG Exports
Diversified Energy will pay $386 million to buy 100% interest in Oaktree Capital Management’s assets in Oklahoma, East Texas and Louisiana.
Viridi Energy Acquires Maine Biosolids Plant for RNG
Viridi Energy plans to turn the biosolids digest plant into a waste-to-RNG facility.
CERAWeek: LNG to Play Critical Role in Shell's Future, CEO Says
Sawan said LNG will continue to play a critical role adding that LNG currently makes up around 13% of gas sales but was expected to grow to around 20% in the coming 15 to 20 years.
CERAWeek: CEO Patrick Pouyanné Jokes that Texas is TotalEnergies’ ‘El Dorado’
TotalEnergies CEO Patrick Pouyanné said during CERAWeek by S&P Global that Texas was important for his company, which he jokingly called the French company’s “El Dorado” due to the state’s love for oil, gas and renewables.
CERAWeek: AI, Energy Industry Meet at Scary but Exciting Crossroads
From optimizing assets to enabling interoperability, digital technology works best through collaboration.
Exclusive: Silixa’s Distributed Fiber Optics Solutions for E&Ps
Todd Chuckry, business development manager for Silixa, highlights the company's DScover and Carina platforms to help oil and gas operators fully understand their fiber optics treatments from start to finish in this Hart Energy Exclusive.
Oilfield Service Companies Dril-Quip, Innovex to Merge
Dril-Quip Inc. and Innovex Downhole Solutions Inc. will emerge as a new company, Innovex International, with expanded reach in global markets.
Government, Private Sector Learning to ‘Dance’ Towards Transition
Panel: Federal loans will continue to play a major role in advancing newer energy technologies.
CERAWeek: Energy Secretary Defends LNG Pause Amid Industry Outcry
U.S. Energy Secretary Jennifer Granholm said she expects the review of LNG exports to be in the “rearview mirror” by next year.
Belcher: Our Leaders Should Embrace, Not Vilify, Certified Natural Gas
Recognition gained through gas certification verified by third-party auditors has led natural gas producers and midstream companies to voluntarily comply and often exceed compliance with regulatory requirements, including the EPA methane rule.
Tellurian Executive Chairman ‘Encouraged’ by Progress
Tellurian announced new personnel assignments as the company continues to recover from a turbulent 2023.
Venture Global Acquires Nine LNG-powered Vessels
Venture Global plans to deliver the vessels, which are currently under construction in South Korea, starting later this year.
CERAWeek: US Aims to Return Emergency Oil Reserve to Prior Levels by Year-end
The U.S. is replenishing the SPR, which currently holds about 362 MMbbl, down from 638 MMbbl three years ago before the sale of a record amount of crude.
Babcock & Wilcox to Convert Coal Plant to NatGas
B&W will convert the plant’s two coal-fired boilers to natural gas by designing and installing burners, air systems, fans and other equipment.
CERAWeek: Gunvor Sees Balanced Oil Market, No Tightness in LNG Supplies
The global LNG market is not currently tight, Gunvor Chairman Torbjörn Törnqvist said at CERAWeek, contradicting the view shared earlier in the day by TotalEnergies.
Imperial Oil Shuts Down Fuel Pipeline in Central Canada
Supplies on the Winnipeg regional line will be rerouted for three months.
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
What's Affecting Oil Prices This Week? (March 18, 2024)
On average, Stratas Advisors predicts that supply will be at a deficit of 840,000 bbl/d during 2024.
Talos Energy Sells CCS Business to TotalEnergies
TotalEnergies’ acquisition targets Talos Energy’s Bayou Bend project, and the French company plans to sell off the remainder of Talos’ carbon capture and sequestration portfolio in Texas and Louisiana.
CNOOC Makes 100 MMton Oilfield Discovery in Bohai Sea
CNOOC said the Qinhuangdao 27-3 oilfield has been tested to produce approximately 742 bbl/d of oil from a single well.
CEO Darren Woods: What’s Driving Permian M&A for Exxon, Other E&Ps
Since acquiring XTO for $36 billion in 2010, Exxon Mobil has gotten better at drilling unconventional shale plays. But it needed Pioneer’s high-quality acreage to keep running in the Permian Basin, CEO Darren Woods said at CERAWeek by S&P Global.
New Fortress Energy Sells Two Power Plants to Puerto Rico
New Fortress Energy sold two power plants to the Puerto Rico Electric Power Authority to provide cleaner and lower cost energy to the island.
CERAWeek: Saudi Aramco CEO Says No Peak in Oil Demand for Some Time to Come
Reducing greenhouse gas emissions from hydrocarbons through carbon capture and other technologies achieves better results than alternative energies, Saudi Aramco CEO Amin Nasser said.
CERAWeek: Exxon Mobil CEO Says Not Trying to Acquire Hess
CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.'s Guyana assets in its dispute with Chevron, not buy the company itself.
E&P Highlights: March 15, 2024
Here’s a roundup of the latest E&P headlines, including a new discovery and offshore contract awards.
Baytex Prices Upsized Private Placement of Senior Notes
Baytex intends to use the proceeds to pay a portion of outstanding debt on its credit facilities and general corporate purposes.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Exclusive: Carbo Sees Strong Future Amid Changing Energy Landscape
As Carbo Ceramics celebrates its 45th anniversary as a solutions provider, Senior Vice President Max Nikolaev details the company's five year plan and how it is handling the changing energy landscape in this Hart Energy Exclusive.
Emeren, Glennmont to Develop 155 MW of Battery Storage Projects
The collaboration between Emeren Group and Glennmont Partners marks a strategic move to enhance renewable energy storage capacity in the region.
Aramco Reports Second Highest Net Income for 2023
The year-on-year decline was due to lower crude oil prices and volumes sold and lower refining and chemicals margins.