Latest From Hart Energy
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
SAF End-users, Producers Talk Challenges, Solutions
The lower lifecycle emissions of sustainable aviation fuel are seen as a key lever for airlines to reduce carbon emissions, but cost is a challenge.
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.
California Resources Corp., Aera Energy to Combine in $2.1B Merger
The announced combination between California Resources and Aera Energy comes one year after Exxon and Shell closed the sale of Aera to a German asset manager for $4 billion.
Woodside, Santos Scrap M&A Talks for $52B Combination
After nearly two months of due diligence and negotiations, Woodside did not offer a firm bid price for Santos, sources said.
EIA: Oil Prices Could Move Up as Global Tensions Threaten Crude Supply
Geopolitical tensions in the Middle East and ongoing risks that threaten global supply have experts questioning where oil prices will move next.
Global Energy Watch: Corpus Christi Earns Designation as America's Top Energy Port
The Port of Corpus Christi began operations in 1926. Strategically located near major Texas oil and gas production, the port is now the U.S.’ largest energy export gateway, with the Permian Basin in particular a key beneficiary.
Amid Climate Scaremongering, Energy Execs Urge Engagement, Realism
From shale boom to net zero goals, industry experts grappled with the contradictions facing the energy industry during SPE’s Hydraulic Fracturing Technology Conference.
Imperial Expects TMX to Tighten Differentials, Raise Heavy Crude Prices
Imperial Oil expects the completion of the Trans Mountain Pipeline expansion to tighten WCS and WTI light and heavy oil differentials and boost its access to more lucrative markets in 2024.
DNO Acquires Arran Field Stake, Continuing North Sea Expansion
DNO will pay $70 million for Arran Field interests held by ONE-Dyas, and up to $5 million in contingency payments if certain operational targets are met.
EQT CEO: Biden's LNG Pause Mirrors Midstream ‘Playbook’ of Delay, Doubt
At a Congressional hearing, EQT CEO Toby Rice blasted the Biden administration and said the same tactics used to stifle pipeline construction—by introducing delays and uncertainty—appear to be behind President Joe Biden’s pause on LNG terminal permitting.
DXP Enterprises Buys Water Service Company Kappe Associates
DXP Enterprise’s purchase of Kappe, a water and wastewater company, adds scale to DXP’s national water management profile.
ARM Energy Sells Minority Stake in Natgas Marketer to Tokyo Gas
Tokyo Gas America Ltd. purchased a stake in the new firm, ARM Energy Trading LLC, one of the largest private physical gas marketers in North America.
Sherrill to Lead HEP’s Low Carbon Solutions Division
Richard Sherill will serve as president of Howard Energy Partners’ low carbon solutions division, while also serving on Talos Energy’s board.
HighPeak Energy Authorizes First Share Buyback Since Founding
Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.
Tellurian Exploring Sale of Upstream Haynesville Shale Assets
Tellurian, which in November raised doubts about its ability to continue as a going concern, said cash from a divestiture would be used to pay off debt and finance the company’s Driftwood LNG project.
2023-2025 Subsea Tieback Round-Up
Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.
Tech Trends: SLB's Autonomous Tech Used for Drilling Operations
SLB says autonomous drilling operations increased ROP at a deepwater field offshore Brazil by 60% over the course of a five-well program.
Vital Energy Again Ups Interest in Acquired Permian Assets
Vital Energy added even more working interests in Permian Basin assets acquired from Henry Energy LP last year at a purchase price discounted versus recent deals, an analyst said.
Chevron Hunts Upside for Oil Recovery, D&C Savings with Permian Pilots
New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.
E&P Highlights: Feb. 5, 2024
Here’s a roundup of the latest E&P headlines, including an update on Enauta’s Atlanta Phase 1 project.
Oceaneering Won $200MM in Manufactured Products Contracts in Q4 2023
The revenues from Oceaneering International’s manufactured products contracts range in value from less than $10 million to greater than $100 million.
NOG Closes Utica Shale, Delaware Basin Acquisitions
Northern Oil and Gas’ Utica deal marks the entry of the non-op E&P in the shale play while it’s Delaware Basin acquisition extends its footprint in the Permian.
TGS, SLB to Conduct Engagement Phase 5 in GoM
TGS and SLB’s seventh program within the joint venture involves the acquisition of 157 Outer Continental Shelf blocks.
Shell’s CEO Sawan Says Confidence in US LNG is Slipping
Issues related to Venture Global LNG’s contract commitments and U.S. President Joe Biden’s recent decision to pause approvals of new U.S. liquefaction plants have raised questions about the reliability of the American LNG sector, according to Shell CEO Wael Sawan.
Exxon’s Payara Hits 220,000 bbl/d Ceiling in Just Three Months
ExxonMobil Corp.’s third development offshore Guyana in the Stabroek Block — the Payara project— reached its nameplate production capacity of 220,000 bbl/d in January 2024, less than three months after commencing production and ahead of schedule.
What's Affecting Oil Prices This Week? (Feb. 5, 2024)
Stratas Advisors says the U.S.’ response (so far) to the recent attack on U.S. troops has been measured without direct confrontation of Iran, which reduces the possibility of oil flows being disrupted.
Magnolia Oil & Gas Hikes Quarterly Cash Dividend by 13%
Magnolia’s dividend will rise 13% to $0.13 per share, the company said.
Venture Global, Grain LNG Ink Deal to Provide LNG to UK
Under the agreement, Venture Global will have the ability to access 3 million tonnes per annum of LNG storage and regasification capacity at the Isle of Grain LNG terminal.
BP’s Kate Thomson Promoted to CFO, Joins Board
Before becoming BP’s interim CFO in September 2023, Kate Thomson served as senior vice president of finance for production and operations.