Latest From Hart Energy
LLOG Announces Unexpected Passing of Founder, Chairman Gerald A. Boelte
LLOG Exploration’s founder and chairman Gerald A. Boelte unexpectedly passed away on Feb. 22.
Braya Renewable Fuels Begins Commercial Operations at Revamped Refinery
The Come By Chance refinery in Newfoundland and Labrador produces renewable diesel instead of petroleum diesel.
Exclusive: Activists Sending 'Wrong Signal' on US LNG
Anne Bradbury, the CEO of the American Exploration & Production Council, says the Biden administration's pause on U.S. LNG export approvals sends a wrong message about the importance of LNG to the American economy and the climate, in this Hart Energy LIVE Exclusive interview.
Energy Transition in Motion (Week of Feb. 23, 2024)
Here is a look at some of this week’s renewable energy news, including approval of the construction and operations plan for Empire Wind offshore New York.
Vital Energy's ‘Wildly Successful’ 2023 ‘Small Ball’ M&A Now in ‘Moneyball’ Mode
The operator added big runs in $1.6 billion of 2023 deals. Now Vital is looking to make more out of its hits via geology and geophysics, including steals “for free.” Still, it might pick up big consolidators’ cast-offs.
US Drillers Add Most Oil Rigs in a Week Since November
The oil and gas rig count rose by five to 626 in the week to Feb. 23
US Expected to Supply 30% of LNG Demand by 2030
Shell expects the U.S. to meet around 30% of total global LNG demand by 2030, although reliance on four key basins could create midstream constraints, the energy giant revealed in its “Shell LNG Outlook 2024.”
Enerplus Increases Quarterly Cash Dividend
Enerplus Corp. increased its dividend 8% to US$0.065 (CA$0.088) per share.
TechnipFMC Eyes $30B in Subsea Orders by 2025
TechnipFMC is capitalizing on an industry shift in spending to offshore projects from land projects.
Shell Brings Deepwater Rydberg Subsea Tieback Onstream
The two-well Gulf of Mexico development will send 16,000 boe/d at peak rates to the Appomattox production semisubmersible.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
TechnipFMC Declares Quarterly Dividend
TechnipFMC’s dividend is payable April 3 shareholders of record by the close of business on March 19.
Exclusive: As AI Evolves, Energy Evolving With It
In this Hart Energy LIVE Exclusive interview, Hart Energy's Jordan Blum asks 4cast's COO Andrew Muñoz about how AI is changing the energy industry—especially in the oilfield.
Williston Warriors: Enerplus’ Long Bakken Run Ends in $4B Chord Deal
Chord Energy and Enerplus are combining to create an $11 billion Williston Basin operator. The deal ends a long run in the Bakken for Enerplus, which bet on the emerging horizontal shale play in Montana nearly two decades ago.
Air Liquide Eyes More Investments as Backlog Grows to $4.8B
Air Liquide reported a net profit of €3.08 billion ($US3.33 billion) for 2023, up more than 11% compared to 2022.
Enterprise Buys Assets from Occidental’s Western Midstream
Enterprise bought Western’s 20% interest in Whitethorn and Western’s 25% interest in two NGL fractionators located in Mont Belvieu, Texas.
Endeavor Integration Brings Capital Efficiency, Durability to Diamondback
The combined Diamondback-Endeavor deal is expected to realize $3 billion in synergies and have 12 years of sub-$40/bbl breakeven inventory.
Stonepeak, Dominion Energy to Partner on Virginia Offshore Wind Project
Stonepeak will acquire a 50% interest in Dominion Energy’s offshore wind project, which is expected to be the largest offshore wind farm in the U.S.
Permian Activity in ‘Low-to-no-growth’ Mode for First Half
After multiple M&A moves in 2023 and continued E&P adherence to capital discipline, Permian Basin service company ProPetro sees the play holding steady.
Tellurian, Institution Investor Agree to New Loan Repayment Terms
Tellurian reached an agreement with an unnamed institutional investor to pledge its interest in the Driftwood project as collateral.
Excelerate Energy’s CEO Kobos Bullish on US LNG
In a world rattled by instability, his company offers a measure of energy security to natural gas users via its fleet of floating storage and regasification units.
Chord Buying Enerplus to Create a Bakken Behemoth
Chord Energy said Feb. 21 it will acquire Enerplus Corp. for nearly $4 billion in a stock-and-cash deal to potentially create the largest producer in the Williston Basin.
Exclusive: Chevron New Energies' Bayou Bend Strengthens CCUS Growth
In this Hart Energy LIVE Exclusive interview, Chris Powers, Chevron New Energies' vice president of CCUS, gives an overview of the company's CCS/CCUS activity and talks about the potential and challenges of it onshore-offshore Bayou Bend project.
Venture Global Seeks FERC Actions on LNG Projects with Sense of Urgency
Venture Global files requests with the Federal Energy Regulatory Commission for Calcasieu Pass 1 and 2 before a potential vacancy on the commission brings approvals to a standstill.
After 4Q Struggles, Transocean’s Upcycle Prediction Looks to Pay Off
As Transocean executives predicted during third-quarter earnings, the company is in the middle of an upcycle, with day rates and revenues reaching new heights.
Green Swan Seeks US Financing for Global Decarbonization Projects
Green Swan, an investment platform seeking to provide capital to countries signed on to the Paris Agreement, is courting U.S. investors to fund decarbonization projects in countries including Iran and Venezuela, its executives told Hart Energy.
Prairie Acquiror Announces Offering of $400MM Senior Notes
Prairie Acquiror intends to use the notes offering to refinance outstanding debt under its existing term loan credit facility.
Diamondback Announces Executive Leadership Promotions
Diamondback Energy’s leadership changes follow the company’s previously announced $26 billion merger with Endeavor Energy.
Total CEO: US LNG Shaky, Global Projects Brought into Spotlight
U.S. President Joe Biden’s decision to pause approvals for new U.S. LNG projects benefits similar projects around the world and casts doubt around U.S. supply, TotalEnergies’ Pouyanné told analysts during the company’s quarterly webcast.
Woodside’s Pluto Train 2 Nears 2026 Start Up with Modules Delivery
First 3 of 51 modules have arrived on site in Western Australia for the onshore LNG project that will receive gas from the offshore Scarborough project.