Latest From Hart Energy
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.
Northern Oil and Gas Executes on Ground Game A&D
The non-op E&P reported $25 million in “opportunistic” acquisitions in the fourth quarter.
ConocoPhillips EVP of Strategy, Sustainability, Technology Macklon to Retire
Dominic Macklon, who began his career with Conoco in 1991, is set to retire ConocoPhillips May 1.
FERC Approves ONEOK Pipeline Segment Connecting Permian to Mexico
ONEOK’s Saguaro Connector Pipeline will transport U.S. gas to Mexico Pacific’s Saguaro LNG project.
Exclusive: Arjun Murti Talks Energy Transition, the Role of Oil, Gas in Meeting Energy Needs
Partner at Veriten Arjun Murti gives his perspective on global energy needs and addresses EV adoption in the U.S. in this Hart Energy LIVE Exclusive interview.
CEO: Magnolia Hunting Giddings Bolt-ons that ‘Pack a Punch’ in ‘24
Magnolia Oil & Gas plans to boost production volumes in the single digits this year, with the majority of the growth coming from the Giddings Field.
Post $7.1B Crestwood Deal, Energy Transfer ‘Ready to Roll’ on M&A—CEO
Energy Transfer co-CEO Tom Long said the company is continuing to evaluate deal opportunities following the acquisitions of Lotus and Crestwood Equity Partners in 2023.
Transocean Releases Fleet Status Report
Transocean’s total backlog for its fleet is approximately $9 billion.
Mike Howard Joins Atlas Energy Solutions’ Board
Mike Howard brings more than 28 years of midstream energy experience to Atlas Energy Solutions’ board of directors.
BP Pursues ‘25-by-‘25’ Target to Amp Up LNG Production
BP wants to boost its LNG portfolio to 25 mtpa by 2025 under a plan dubbed “25-by-25,” upping its portfolio by 9% compared to 2023, CEO Murray Auchincloss said during the company’s webcast with analysts.
Comstock Continues Wildcatting, Drops Two Legacy Haynesville Rigs
The operator is dropping two of five rigs in its legacy East Texas and northwestern Louisiana play and continuing two north of Houston.
Apollo Buys Out New Fortress Energy’s 20% Stake in LNG Firm Energos
New Fortress Energy will sell its 20% stake in Energos Infrastructure, created by the company and Apollo, but maintain charters with LNG vessels.
BP: Gimi FLNG Vessel Arrival Marks GTA Project Milestone
The BP-operated Greater Tortue Ahmeyim project on the Mauritania and Senegal maritime border is expected to produce 2.3 million tonnes per annum during it’s initial phase.
Cronos Appraisal Confirms Discovery Offshore Cyprus
Eni-operated block partner TotalEnergies says appraisal confirms the presence of significant resources and production potential in the block.
Exclusive: Andrew Dittmar Expects Increased Public M&A in 2024
In this Hart Energy LIVE Exclusive, Andrew Dittmar, Enverus Intelligence's senior vice president, compares 2023 consolidation to what he expects in 2024, including more public to public deals.
EQT Ups Stake in Appalachia Gas Gathering Assets for $205MM
EQT Corp. inked upstream and midstream M&A in the fourth quarter—and the Appalachia gas giant is looking to ink more deals this year.
Williams Beats 2023 Expectations, Touts Natgas Infrastructure Additions
Williams to continue developing natural gas infrastructure in 2024 with growth capex expected to top $1.45 billion.
EE North America, Montauk Sign Biogenic CO2 Delivery Deal
EE North America and Montauk Renewables signed a contract for the delivery of 140,000 tons per year of biogenic CO2, which will be turned into e-methanol.
RWE Boosts US Battery Storage with Three Projects
The three projects—two in Texas and one in Arizona—will lift RWE’s total U.S. battery storage capacity to about 512 megawatts.
NAPE: CCUS is a Risky Venture Hinging on Tech, Regulation, Reservoirs
Transdisciplinary collaboration and reservoir understanding are key to mitigating CCUS risks.
US Oil Stockpiles Surge as Prices Dip, Production Remains Elevated
EIA reported crude oil stocks increased by 12.8 MMbbl as February began, far outstripping expectations.
Marketed: Wasatch Energy Management Non-operated WI in Utah
Wasatch Energy Management has retained EnergyNet for the sale of non-operated working interest and royalty opportunities in Duchesne and Uintah counties, Utah.
Matador Resources Declares Quarterly Dividend
Matador Resources will pay a $0.20 dividend on March 13 to shareholders of record by Feb. 23.
Reactive Downhole Tools Appoints COO, CTO
Reactive Downhole Tools is also developing a new R&D test center in Abu Dhabi.
Gibson, SOGDC to Develop Oil, Gas Facilities at Industrial Park in Malaysia
Sabah Oil & Gas Development Corp. says its collaboration with Gibson Shipbrokers will unlock energy availability for domestic and international markets.
Majors Aim to Cycle-proof Oil by Chasing $30 Breakevens
Majors are shifting oilfields with favorable break-even points following deeper and more frequent boom cycles in the past decade and also reflects executives' belief that current high prices may not last.
Woodside’s GoM Trion Project Wins Social Impact Assessment Approval
Woodside Energy’s Trion is expected to start production in the Mexican sector of the Gulf of Mexico in 2028, and Woodside said the impact assessment will help the operator engage with local communities during the construction phase.
Oil, Gas Drilling Tech Transfer Boosts Fervo’s Geothermal Prowess
Geothermal company Fervo Energy is learning from oil and gas drilling and completion techniques to improve geothermal well costs and drill times.
Flame Acquisition Holders Approve Merger with Sable Offshore
The business combination among Flame Acquisition Corp., Sable Offshore Holdings and Sable Offshore Corp. will be renamed Sable Offshore Corp.
ConocoPhillips CEO Ryan Lance Calls LNG Pause ‘Shortsighted’
ConocoPhillips chairman and CEO Ryan Lance called U.S. President Joe Biden’s recent decision to pause new applications for the export of American LNG “shortsighted in the short-term.”