Latest From Hart Energy
President: Financial Debt for Mexico's Pemex Totaled $106.8B End of 2023
President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex at a government press conference.
Plug Power Finalizes Contract with US Auto Manufacturer
Plug Power says it will supply hydrogen infrastructure and fuel cell solutions as part of the agreement.
Occidental Reports ‘Great Progress’ on Net-zero Pathway, DAC
Most of Occidental Petroleum’s planned $600 million investment in emerging low-carbon ventures for 2024 will go to direct air capture facility STRATOS, CEO Vicki Hollub says.
One Man's Trash? Treasure of RNG Prospects Available for Waste Facilities
About 4.4% of current U.S. fossil gas demand could be displaced by RNG from waste, a new Deloitte report shows.
Occidental to Divest Some Permian Assets after Closing CrownRock Deal
Occidental CEO Vicki Hollub said plans to divest non-core Permian assets would come after closing the pending acquisition of CrownRock — but reports have since emerged that the company is considering selling its share of Western Midstream Partners, valued at about $20 billion, according to Reuters.
Chesapeake Slashing Drilling Activity, Output Amid Low NatGas Prices
With natural gas markets still oversupplied and commodity prices low, gas producer Chesapeake Energy plans to start cutting rigs and frac crews in March.
Targa Resources Forecasts Rising Profits on 2024 Exports
Midstream company Targa Resources reports a record fourth quarter in volumes and NGL fractionation.
Exclusive: Scott Tinker Says Pausing LNG Ups Coal Use
In this Hart Energy LIVE Exclusive interview, Scott Tinker, chairman of Switch Energy Alliance, talks about energy security globally, and dives into the effects of the Biden administration's LNG pause.
Ameresco Starts RNG Production at Republic Services Landfill
Located in Danville, Illinois, the RNG facility is capable of processing 2,000 standard cubic feet of gas per minute.
Benchmark Buys Revolution Resources’ Anadarko Assets in $145MM Deal
Benchmark Energy II is acquiring Revolution Resources just over four years after Revolution bought out Jones Energy Inc.’s Midcontinent portfolio.
Granite Ridge Resources Declares Quarterly Dividend
Granite Ridge Resources’ dividend is payable March 15.
Report: Occidental Eyes Sale of Western Midstream to Reduce Debt
Occidental is reportedly considering a sale of pipeline operator Western Midstream Partners as the E&P works to close a $12 billion deal in the Permian Basin.
Mach Natural Resources Declares 4Q 2023 Distribution
Mach Natural Resource’s distribution is payable March 14 to common unitholders of record by Feb. 29.
Antero Poised to Benefit from Second Wave of LNG
Despite the U.S. Department of Energy’s recent pause on LNG export permits, Antero foresees LNG market growth for the rest of the decade—and plans to deliver.
Oil Dips as Demand Outlook Remains Uncertain
Oil prices fell on Feb. 20 with an uncertain outlook for global demand knocking value off crude futures contracts.
Equitrans Delays WV-VA Mountain Valley Natgas Pipe Again, Boosts Cost
U.S. energy firm Equitrans Midstream delayed the estimated completion of its Mountain Valley natural gas pipeline from West Virginia to Virginia to the second quarter from the first quarter due in part to adverse weather in January.
Dragos: IP Theft, Targeted OT Attacks on the Rise
Dragos’ annual cybersecurity review reveals three new threat groups, and the company’s CEO urges focus on specific vulnerabilities.
Tech Trends: Halliburton’s Carbon Capturing Cement Solution
Halliburton’s new CorrosaLock cement solution provides chemical resistance to CO2 and minimizes the impact of cyclic loading on the cement barrier.
Midstream Operators See Strong NGL Performance in Q4
Export demand drives a record fourth quarter as companies including Enterprise Products Partners, MPLX and Williams look to expand in the NGL market.
E&P Highlights: Feb. 16, 2024
From the mobile offshore production unit arriving at the Nong Yao Field offshore Thailand to approval for the Castorone vessel to resume operations, below is a compilation of the latest headlines in the E&P space.
Shell Taps TechnipFMC for 20K System for Sparta
The deepwater greenfield project in the Gulf of Mexico targets reserves in the high-pressure Paleogene reservoir.
NOV Declares Regular Quarterly Cash Dividend
NOV’s dividend is payable March 28 to stockholders on record by March 14.
Patterson-UTI Braces for Activity ‘Pause’ After E&P Consolidations
Patterson-UTI saw net income rebound from 2022 and CEO Andy Hendricks says the company is well positioned following a wave of E&P consolidations that may slow activity.
Valaris Updates Fleet Status
The backlog of these contracts and extensions is valued at $1.2 billion.
FERC Approves Extension of Tellurian LNG Project
Completion deadline of Tellurian’s Driftwood project was moved to 2029 and phase 1 could come online in 2027.
Marketed: Paloma Natural Gas Eagle Ford Shale Opportunity in Frio County, Texas
Paloma Natural Gas has retained EnergyNet for the sale of a Eagle Ford/ Buda opportunity in Frio County, Texas.
Marketed: Stone Hill 41 Well Package in Howard County, Texas
Stone Hill Exploration and Production has retained EnergyNet for the sale of a Midland Basin 41 well package (11 PDP wells, 5 WIPs and 25 PUD locations) in Howard County, Texas.
Energy Transition in Motion (Week of Feb. 16, 2024)
Here is a look at some of this week’s renewable energy news, including the outlook for solar and battery storage in the U.S.
US Drillers Cut Oil, Gas Rigs for Second Time in Three Weeks
Baker Hughes said U.S. oil rigs fell two to 497 this week, while gas rigs were unchanged at 121.
Finding Common Ground: How E&Ps, Renewables Firms Coexist
With planning and early negotiations, oil and gas companies and renewable energy firms can develop projects concurrently, experts at NAPE said.