Latest From Hart Energy
Devon Energy Leads $244MM Funding Round for Fervo Energy
The funds will finance Fervo Energy’s next phase of growth as it puts to use oil and gas technology and techniques to scale geothermal energy.
Making Bank: Top 10 Oil and Gas Dealmakers in North America
MergerLinks ranks the key dealmakers behind the U.S. biggest M&A transactions of 2023.
Sitio Royalties Dives Deeper in D-J with $150MM Acquisition
Sitio Royalties is deepening its roots in the D-J Basin with a $150 million acquisition—citing regulatory certainty over future development activity in Colorado.
Deadline in Trinidad and Tobago’s Bid Round Extended
Bids for the 13 shallow water blocks offshore Trinidad and Tobago are now due on May 27.
Rystad: More Deepwater Wells to be Drilled in 2024
Upstream majors dive into deeper and frontier waters while exploration budgets for 2024 remain flat.
1 Fatality in Equinor Helicopter Training Accident Offshore Norway
Equinor employee died following the helicopter accident, the cause of which has not been reported.
Global Oil Demand to Grow by 1.9 MMbbl/d in 2024, Says Wood Mac
Oil prices have found support this year from rising geopolitical tensions including attacks by the Iran-aligned Houthi group on Red Sea shipping.
Repsol Eyes Increasing Core US Upstream Business
Madrid-based Repsol SA will invest €$2.2 billion (US$2.38 billion) between 2024-2027 on its unconventional assets in the Marcellus and Eagle Ford as it focuses on increasing its core U.S. upstream business platform.
Weyerhaeuser, Lapis Energy Enter Carbon Sequestration Exploration Pact
The exploration agreement covers 187,500 acres across three states with five potential carbon sequestration sites.
Analysts: Why Are Investors Snapping Up Gulfport Energy Stock?
Shares for Oklahoma City-based Gulfport Energy massively outperformed market peers over the past year—and analysts think the natural gas-weighted name has even more upside.
Exclusive: Can NatGas Save the 'Fragile' Electric Grid?
John Harpole, the founder and president of Mercator Energy, says he is concerned about meeting peak electric demand and if investors will hesitate on making LNG export facilities investment decisions after the Biden administration's recent LNG pause, in this Hart Energy LIVE Exclusive interview.
Marketed: Stone Hill Minerals Holdings 95 Well Package in Colorado
Stone Hill Minerals Holdings has retained EnergyNet for the sale of a D-J Basin 95 well package in Weld County, Colorado.
As ONEOK Digests Magellan, Sets Stage for More NGL Growth in 2024
ONEOK is continuing the integration of its newly acquired Magellan assets in 2024 as the company keeps an eye out for M&A opportunities and awaits regulatory approvals for certain projects.
EDF Renewables, SCPPA Sign PPA for Bonanza Solar
The site is expected to start delivering electricity to SCPPA’s customers by Dec. 31, 2028.
Tyra Redevelopment Heading for Production in March
TotalEnergies said the Danish North Sea project will take about four months to ramp up and is expected to produce 2.8 Bcm/year.
First Solar Gunning for $1B More in 2024 Sales
Solar module manufacturer First Solar forecasts 2024 net sales of between $4.4 billion to $4.6 billion, with annual volumes sold ranging from 15.6 gigawatts (GW) to 16.3 GW.
Markman: I’d Like to Not Thank the Academy…
The oil industry does not come off well in the movies and the public can miss the big picture.
In Shooting for the Stars, Kosmos’ Production Soars
Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.
Alberta to Ban Renewables Projects on Prime Agricultural Land
Alberta will ban renewable power projects on prime agricultural land and erect buffer zones to ensure wind turbines do not spoil scenic views.
ChampionX Acquires ALP to Grow Digital Solutions Portfolio
Artificial Lift Performance Ltd. specializes in software designed to maximize production and extend the life of artificial lift equipment.
Brightcore Energy Begins Geothermal Project at Bard College
Brightcore Energy’s project will replace college’s current fossil fuel fired- system at the school’s library.
Green Light for ConocoPhillips’ Eldfisk Nord
ConocoPhillips is expected to begin production at its Eldfisk Nord project before the first quarter ends.
Elephant in the North: E3 Lithium CEO on Finding Opportunity ‘Hunters’
E3 Lithium is working toward commercial lithium production for its Clearwater project in South-Central Alberta’s Bashaw District, while developing its own DLE technology.
Despite LNG Permitting Risks, Cheniere Expansions Continue
U.S.-based Cheniere Energy expects the U.S. market, which exported 86 million tonnes per annum (mtpa) of LNG in 2023, will be the first to surpass the 200 mtpa mark—even taking into account a recent pause on approvals related to new U.S. LNG projects.
Ørsted Names New CFO, COO Following 2023 Setbacks
Ørsted appointed Trond Westlie as CFO and executive board member and Patrick Harnett as COO following company difficulties in 2023, including a $4 billion impairment charge in third-quarter 2023.
Hess: Pre-emption Provision Doesn't Apply to Buyout Deal With Chevron
Hess Corp. said on Feb. 27 that a pre-emption provision does not apply to its proposed $53-billion buyout by Chevron Corp. and it remains "fully committed" to the deal.
Civitas, Prioritizing Permian, Jettisons Non-core Colorado Assets
After plowing nearly $7 billion into Permian Basin M&A last year, Civitas Resources is selling off non-core acreage from its legacy position in Colorado as part of a $300 million divestiture goal.
Atlas Energy Solutions to Buy Hi-Crush, Consolidating Permian Services
The $450 million deal effectively connects Atlas Energy Solutions’ Delaware Basin logistics and proppant offerings with Hi-Crush’s operations in the Midland Basin.
Remotely Controlled Well Completion Carried Out at SNEPCo’s Bonga Field
Optime Subsea, which supplied the operation’s remotely operated controls system, says its technology reduces equipment from transportation lists and reduces operation time.
SunPower Begins Search for New CEO
Former CEO Peter Faricy departed SunPower Corp. on Feb. 26, according to the company.