Latest From Hart Energy
The OGInterview: Petrie Partners a Big Deal Among Investment Banks
In this OGInterview, Hart Energy's Chris Mathews sat down with Petrie Partners—perhaps not the biggest or flashiest investment bank around, but after over two decades, the firm has been around the block more than most.
Silver Hill Energy Enters Bakken with Liberty Resources Acquisition
Silver Hill Energy Partners LP is getting into the Bakken in North Dakota through the acquisition of Liberty Resources II.
Some Payne, But Mostly Gain for H&P in Q4 2023
Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
Hess Corp. Boosts Bakken Output, Drilling Ahead of Chevron Merger
Hess Corp. increased its drilling activity and output from the Bakken play of North Dakota during the fourth quarter, the E&P reported in its latest earnings.
TotalEnergies Entering, OMV Exiting SapuraOMV JV
TotalEnergies aims to deepen its presence in Malaysia through the $903 million deal to acquire OMV’s interest in the SapuraOMV Upstream joint venture.
Eni, Vår Energi Wrap Up Acquisition of Neptune Energy Assets
Neptune retains its German operations, Vår takes over the Norwegian portfolio and Eni scoops up the rest of the assets under the $4.9 billion deal.
US Threatens to Not Renew Venezuelan Energy Sector License
The U.S. Department of State alerted Venezuela that it could decide not to renew General License No. 44 amid what Washington has labeled “anti-democratic actions.”
Nebula Energy Buys Majority Stake in AG&P LNG
AG&P will now operate as an independent subsidiary of Nebula Energy with key offices in UAE, Singapore, India, Vietnam and Indonesia.
Cheniere, Cheniere Energy Partners Uplisted to NYSE
LNG producing companies Cheniere Energy and Cheniere Energy Partners are to begin trading on the New York Stock Exchange on Feb. 5.
GOP’s Reaction to White House LNG Pause Takes Shape
The U.S. House Energy, Climate and Grid Security subcommittee set the date for a hearing on the Biden administration’s recent pause on LNG export approvals for Feb. 6; Republican Louisiana Sen. John Kennedy pledges to block Biden nominees.
Select Water Solutions Bolts On Haynesville, Rockies Assets for $90MM
Select Water Solutions Inc. added disposal and recycling capacity in the Haynesville Shale and the Rockies across three acquisitions in January.
NSTA Awards 24 More Licenses in 33rd Round
Shell, Equinor, BP, TotalEnergies and NEO were among the companies offered in the second batch of licenses covering 74 blocks and part blocks.
Tax Credit’s Silence on Blue Hydrogen Adds Uncertainty
Proposed rules for the 45V hydrogen production tax credit leave blue hydrogen up in the air, but producers planning to use natural gas with carbon capture and storage have options.
Is Grayson Mill the Next Bakken Domino to Fall After Chevron-Hess?
As E&Ps look to bulk up outside of the Permian Basin, EnCap-backed Bakken player Grayson Mill Energy is reportedly exploring a sale valued around $5 billion.
MPLX Focuses on Smaller Acquisitions Amid Steady Growth
Midstream company MPLX is planning for a 2024 growth strategy that may not make many headlines as it exits a year with an EBITDA of $6.3 billion.
Dominion Energy Receives Final Approvals for 2.6-GW Offshore Wind Project
Dominion Energy’s Coastal Virginia Offshore Wind project will feature 176 turbines and three offshore substations on a nearly 113,000-acre lease area off Virginia Beach.
Halliburton Adds CorrosaLock Cement System to CCUS Portfolio
Halliburton’s CorrosaLock is a composite of Portland-based cement and the company’s proprietary WellLock resin system.
US Customs Rules New Fortress’ FLNG Facility Does Not Violate Jones Act
New Fortress Energy’s FLNG facility offshore Mexico can now sell and deliver LNG to U.S. locations.
Biden Totters the US LNG Line Between Environment, Energy Security
Recent moves by U.S. President Joe Biden targeting the country’s LNG industry, which has a number of projects in the works, are an attempt to satisfy environmentalists ahead of the next upcoming presidential election.
Marathon Petroleum Sets 2024 Capex at $1.25 Billion
Marathon Petroleum Corp. eyes standalone capex at $1.25 billion in 2024, down 10% compared to $1.4 billion in 2023 as it focuses on cost reduction and margin enhancement projects.
Element3 Extracts Lithium from Permian’s Double Eagle Wastewater
The field test was conducted with wastewater from a subsidiary of Double Eagle Energy Holdings’ produced water recycling facility.
Humble Midstream II, Quantum Capital Form Partnership for Infrastructure Projects
Humble Midstream II Partners and Quantum Capital Group’s partnership will promote a focus on energy transition infrastructure.
Seadrill Awarded $97.5 Million in Drillship Contracts
Seadrill will also resume management services for its West Auriga drillship earlier than anticipated.
Permian Resources Continues Buying Spree in New Mexico
Permian Resources acquired two properties in New Mexico for approximately $175 million.
Drilling Tech Rides a Wave
Can new designs, automation and aerospace inspiration boost drilling results?
Tech Trends: Autonomous Drone Aims to Disrupt Subsea Inspection
The partners in the project are working to usher in a new era of inspection efficiencies.
Column: There’s Methane to Our Madness
The EPA’s methane rule will likely face resistance—but it shouldn’t.
Analyst: Chevron Duvernay Shale Assets May Sell in $900MM Range
E&Ps are turning north toward Canadian shale plays as Lower 48 M&A opportunities shrink, and Chevron aims to monetize its footprint in Alberta’s Duvernay play.
Trans Mountain Pipeline Announces Delay for Technical Issues
The Canadian company says it is still working for a last listed in-service date by the end of 2Q 2024.
Kodiak Gas Services Declares Cash Dividend on Common Stock
Kodiak’s dividend will be paid on Feb. 23 to all stockholders of record by Feb. 16.