Latest From Hart Energy
Enbridge Advances Expansion of Permian’s Gray Oak Pipeline
In its fourth-quarter earnings call, Enbridge also said the Mainline pipeline system tolling agreement is awaiting regulatory approval from a Canadian regulatory agency.
TotalEnergies Fénix Platform Installed Offshore Argentina
First gas from the TotalEnergies-operated project is expected in fourth-quarter 2024.
Diamondback, Verde Plan Converting Permian Natgas to Gasoline
Diamondback Energy subsidiary Cottonmouth Venture LLC has entered into a joint development agreement with Verde Clean Fuels to build a natural gas-to-gasoline facility in the Permian Basin.
Marketed: Private Seller Certain Royalty Properties in D-J Basin
A private seller retained RedOaks Energy Advisors for the sale of certain royalty properties in the D-J Basin.
Renewables’ Share of Deal Flow Up, But M&A Slowing
Abundant capital remains available for renewable energy projects, and developers are looking for investors to help get projects over the finish line, expert says.
Marketed: Confidential Seller Certain Mineral, Royalty Interests in Louisiana
A confidential seller retained RedOaks Energy Advisors for the sale of certain mineral and royalty interests in Louisiana.
Why Endeavor Energy's Founder Sold His Company After Years of Rebuffing Offers
Autry Stephens', the 85-year-old wildcatter, decision to sell came after he was diagnosed with cancer, according to three people who discussed his health with him.
Chesapeake Enters into Long-term LNG Offtake Agreement
Chesapeake Energy entered into a long-term liquefaction offtake sale and purchase agreement with Delfin LNG and Gunvor Group for a 20-year period.
Sangomar FPSO Arrives Offshore Senegal
Woodside’s Sangomar Field on track to start production in mid-2024.
Tinker Associates CEO on Why US Won’t Lead on Oil, Gas
The U.S. will not lead crude oil and natural gas production as the shale curve flattens, Tinker Energy Associates CEO Scott Tinker told Hart Energy on the sidelines of NAPE in Houston.
Battalion in Compliance with NYSE American after 2023 Meeting
Previously, Battalion Oil was not in compliance with the NYSE after failing to hold an annual meeting of stockholders during the fiscal year ending Dec. 31.
Subsea Tieback Round-Up, 2026 and Beyond
The second in a two-part series, this report on subsea tiebacks looks at some of the projects around the world scheduled to come online in 2026 or later.
Tech Trends: QYSEA’s Artificially Intelligent Underwater Additions
Using their AI underwater image filtering algorithm, the QYSEA AI Diver Tracking allows the FIFISH ROV to identify a diver's movements and conducts real-time automatic analysis.
The Problem with the Pause: US LNG Trade Gets Political
Industry leaders worry that the DOE’s suspension of approvals for LNG projects will persuade global customers to seek other suppliers, wreaking havoc on energy security.
NAPE: Chevron’s Chris Powers Talks Traditional Oil, Gas Role in CCUS
Policy, innovation and partnership are among the areas needed to help grow the emerging CCUS sector, a Chevron executive said.
E&P Highlights: Feb. 12, 2024
Here’s a roundup of the latest E&P headlines, including more hydrocarbons found offshore Namibia near the Venus discovery and a host of new contract awards.
Well Done Foundation Wins California Orphan Well Project
Nonprofit Well Done Foundation will plug orphan wells in Santa Barbara County, California, starting in Orcutt and Santa Maria.
Analysts: Diamondback-Endeavor Deal Creates New Permian Super Independent
The tie-up between Diamondback Energy and Endeavor Energy—two of the Permian’s top oil producers—is expected to create a new “super-independent” E&P with a market value north of $50 billion.
Texas Energy Storage Project Lands Exclusive Tax Equity Provider
Located near Houston, the 176-megawatt Longbow battery energy storage project is owned by Tokyo Gas America and is being developed by Clean Capital Partners.
Curtiss-Wright to Deploy Subsea System at Petrobras' Campos Field
Curtiss-Wright and Petrobras will combine capabilities to deploy a subsea canned motor boosting system at a Petrobras production field in the Campos Basin.
What's Affecting Oil Prices This Week? (Feb. 12, 2024)
With the increase last week, the price of Brent crude has reached its 200-day moving average.
Fracturing’s Geometry Test
During SPE’s Hydraulic Fracturing Technical Conference, industry experts looked for answers to their biggest test – fracture geometry.
APA Corp. Declares Cash Dividend
At a rate of $0.25 per share, APA’s dividend is payable May 22 to stockholders of record by April 22.
Which Haynesville E&Ps Might Bid for Tellurian’s Upstream Assets?
As Haynesville E&Ps look to add scale and get ahead of growing LNG export capacity, Tellurian’s Louisiana assets are expected to fetch strong competition, according to Energy Advisors Group.
Diamondback Energy to Acquire Permian’s Endeavor for $26B
Diamondback Energy will acquire Endeavor Energy in a cash-and-stock agreement that will create a Permian juggernaut with a combined value of more than $52 billion in a merger of near equals.
Darbonne: ESG, ‘Oh So 2022,’ Reduced to Table Stakes?
ESG champion BlackRock is paring, while Exxon Mobil’s growing. Today, ESG is just table stakes.
Enough! Consumers Say They’re Overserved on Energy Transition, EY Finds
Two thirds of energy consumers are unwilling to spend more time and money to be sustainable, Ernst & Young reported.
From Restructuring to Reinvention, Weatherford Upbeat on Upcycle
Weatherford CEO Girish Saligram charts course for growth as the company looks to enter the third year of what appears to be a long upcycle.
ARC Resources Adds Ex-Chevron Gas Chief to Board, Tallies Divestments
Montney Shale producer ARC Resources aims to sign up to 25% of its 1.38 Bcf/d of gas output to long-term LNG contracts for higher-priced sales overseas.
Atmos Energy Announces Quarterly Dividend
Atmos’ dividend marks the company’s 161st consecutive quarterly dividend.