Latest From Hart Energy
Duke Energy Appoints Harry Sideris to President
Steve Young, executive vice president and chief commercial officer, will retire from Duke Energy on June 30.
Hirs: SEC’s Enhanced Climate-related Disclosures Are Unnecessary—Even According to SEC
The SEC’s rationale for enhanced climate-disclosure rules is weak and contradictory, says Ed Hirs.
US Drillers Add Most Oil, Gas Rigs in a Week Since September
The oil and gas rig count, an early indicator of future output, rose by seven to 629 in the week to March 15.
Orange Basin Serves Up More Light Oil
Galp’s Mopane-2X exploration well offshore Namibia found a significant column of hydrocarbons, and the operator is assessing commerciality of the discovery.
NZT Power, NEP Pick Contractors for Teesside-based Decarbonization Projects
About $5.1 billion in work will go to the contractors once projects reach FID, which is expected in September.
Waha NatGas Prices Go Negative
An Enterprise Partners executive said conditions make for a strong LNG export market at an industry lunch on March 14.
SBM Offshore, Technip Enter Floating Offshore Wind JV
EkWiL, the 50/50 joint venture entity between the companies, will deploy Technip’s Semi-submersible INO15 by T.E.N. and SBM’s Tension Leg Platform Float4Wind.
Verdagy Awarded $39.6MM DOE Grant for Electrolyzer Production
Verdagy will use the Department of Energy grant to accelerate the manufacture of e-dynamic electrolyzers for green hydrogen solutions.
SunPower Appoints Garzolini as Executive VP, Chief Revenue Officer
Tony Garzolini will oversee SunPower’s sales, including the direct, dealer and new homes channels, along with pricing and demand generation.
Oil States’ ACTIVEHub for Digitized Assets
Oil States Energy Services’ new ACTIVEHub system and ACTIVELatch help operators remotely monitor and automate frac locations for a more efficient and safer wellsite.
First US Utility-scale Offshore Wind Farm Starts Operations
The 12-turbine, 130-megawatt South Fork Wind project is a joint venture between Denmark's Orsted and New England-based electric utility Eversource.
Advantage Adds Festival to Board Following Haggis’ Retirement
Paul Haggis is retiring from Advantage Energy’s board of directors after more than 15 years with the company.
ProPetro Reports Material Weakness in Financial Reporting Controls
ProPetro identified a material weakness in internal controls over financial reporting, the oilfield services firm said in a filing.
Baker Hughes Makes Flare Emissions Breakthrough
Baker Hughes has developed a new application for flare.IQ, its emissions abatement technology.
Laredo Oil Subsidiary, Erehwon Enter Into Drilling Agreement with Texakoma
The agreement with Lustre Oil and Erehwon Oil & Gas would allow Texakoma to participate in the development of 7,375 net acres of mineral rights in Valley County, Montana.
Sinopec Brings West Sichuan Gas Field Onstream
The 100 Bcm sour gas onshore field, West Sichuan Gas Field, is expected to produce 2 Bcm per year.
Sabadus: US to Steer Global Energy Markets Amid Clashing Forces
Increased geopolitical risk and the shift from fossil fuels to renewables are pulling the world in different directions, and the U.S. will be called to play a significant role in the global tug of war.
EIA: Blame Associated Gas Volumes for Sticky Low NatGas Prices
Low natural gas prices are forcing U.S. producers to finally pump the brakes on what has been record production. But the pullback in drilling will have muted effects on a market already glutted with too much gas, federal experts say.
Pitts: Producers Ponder Ramifications of Biden’s LNG Strategy
While existing offtake agreements have been spared by the Biden administration's LNG permitting pause, the ramifications fall on supplying the Asian market post-2030, many analysts argue.
1PointFive, AT&T Enter Carbon Removal Pact
1PointFive said it is also participating in AT&T’s Connected Climate Initiative to collaborate on carbon removal solutions like direct air capture.
Parker Wellbore, TDE Partner to ‘Revolutionize’ Well Drilling
Parker Wellbore and TDE are offering what they call the industry’s first downhole high power, high bandwidth data highway.
International, New Energies, Emissions, Liquefied Natural Gas (LNG), Legislation, Health, Safety & Environment
Hirs: LNG Plan is a Global Fail
Only by expanding U.S. LNG output can we provide the certainty that customers require to build new gas power plants, says Ed Hirs.
Hess Midstream Subsidiary to Buy Back $100MM of Class B Units
Hess Midstream subsidiary Hess Midstream Operations will repurchase approximately 2 million Class B units equal to 1.2% of the company.
NextDecade Targets Second Half of 2024 for Phase 2 FID at Rio Grande LNG
NextDecade updated its progress on Phase 1 of the Rio Grande LNG facility and said it is targeting a final investment decision on two additional trains in the second half of 2024.
Forum Energy Signs MOU to Develop Electric ROV Thrusters
The electric thrusters for ROV systems will undergo extensive tests by Forum Energy Technologies and SAFEEN Survey & Subsea Services.
Axis Energy Deploys Fully Electric Well Service Rig
Axis Energy Services’ EPIC RIG has the ability to run on grid power for reduced emissions and increased fuel flexibility.
Kimmeridge Fast Forwards on SilverBow with Takeover Bid
Investment firm Kimmeridge Energy Management, which first asked for additional SilverBow Resources board seats, has followed up with a buyout offer. A deal would make a nearly 1 Bcfe/d Eagle Ford pureplay.
US Asks Venture Global LNG to Justify Filing of Confidential Documents
The FERC request comes days after Venture Global LNG customers had challenged the company's request for a one-year extension of its startup and urged the regulator to make Venture Global release the confidential commissioning documents.
Qnergy Tackles Methane Venting Emissions
Pneumatic controllers, powered by natural gas, account for a large part of the oil and gas industry’s methane emissions. Compressed air can change that, experts say.
TPH: Lower 48 to Shed Rigs Through 3Q Before Gas Plays Rebound
TPH&Co. analysis shows the Permian Basin will lose rigs near term, but as activity in gassy plays ticks up later this year, the Permian may be headed towards muted activity into 2025.