Latest From Hart Energy
Marketed: Anschutz Exploration Corp. WI Opportunity in Converse County, Wyoming
Anschutz Exploration Corp. retained EnergyNet for the sale of its WI participation option in Converse County, Wyoming.
Canadian Railroad Sees Growth in 2024 as Other Transport Centers Struggle
Propane exports drove up a cargo increase at the end of 2023, contributing to a year-end bump in Canadian National Railway earnings.
Tethys Oil to Recognize Up to $47MM Impairment Charge for Q4 2023
Tethys also expects to recognize Q4 2023 exploration costs of $6.3 million relating to four exploration wells in blocks 3 and 4 of their interest in the Sultanate of Oman.
Equinor Parts Ways With BP on US Offshore Wind Projects
Norway's Equinor entered an agreement with BP to independently pursue separate wind projects under its bid for New York's offshore wind auctions.
Leeward Renewable Completes GSG Wind Repower Project
Leeward Renewable Energy’s 80-MW project repower involved decommissioning 40 wind turbines and constructing 26 new turbines.
Report: Biden to Announce Delay on New LNG Export Terminal Approvals
Sources say the White House plans to add climate change considerations to LNG export approval process.
US Gas Producers’ Growth Tied to Export Markets
Over 70 U.S. gas producers supplying Cheniere Energy’s liquefaction facilities Gulf Coast liquefaction facilities understand the link between export markets and their success, the company’s executive vice president and chief commercial officer Anatol Feygin said.
SEC Targets SPACs with New, Enhanced Disclosure Rules
SPAC IPOs and de-SPAC combinations became a popular means for private companies to access the public markets during the pandemic. Regulators aim to make the SPAC process closer to a traditional IPO.
Tallgrass Energy, Bridger Starts Open Season for Pony Express Pipeline
Tallgrass Energy and Bridger Pipeline are looking for customers for the Northwest portion of the Pony Express line in Wyoming and Colorado.
BOEM Adjusts Monetary Penalties for Oil, Gas Companies
BOEM’s adjustment is based on a 2015 act that requires annual inflation adjustments.
CNOOC Sets Increased 2024-2026 Production Targets
CNOOC Ltd. plans on $17.5B capex in 2024, with 63% of that dedicated to project development.
US Drew New No. 3 Record 326 Bcf From Storage in Winter Storm Heather
The draw wiped out nearly all the year-over-year excess natural gas in storage, according to U.S. Energy Information Administration data.
Chevron's Duvernay Sale Seen Attracting Mid-sized Canadian Shale Operators
As Chevron Corp. markets its Duvernay shale assets, the U.S. oil major is most likely to find a buyer among a handful of mid-sized Canadian firms looking to capitalize on the region.
Private Equity: Seeking ‘Scottie Pippen’ Plays, If Not Another Michael Jordan
The Permian’s Tier 1 acreage opportunities for startup E&Ps are dwindling. Investors are beginning to look elsewhere.
Halliburton Posts High Operating Margins for 2023
Halliburton’s CEO Jeff Miller says service intensity contributes to ongoing strong oilfield service fundamentals.
Wolf in Sheep's Clothing: Cryptocurrency's Effect on Energy, Society
Cryptocurrency miners and their ravenous appetite for electricity are creating widespread problems for electricity grids that are already short of capacity.
Todd Holdco to Invest Further into Northcliff Resources
Todd Holdco will acquire 37,333,333 common shares in Northcliff at CA$0.01875 (US$ 0.014) per common share.
Devon Energy's Chief Accounting Officer Humphers to Retire
Devon Energy Corp.’s Chief Accounting Officer Jeremy Humphers will be stepping down on March 8 with John Sherrer set to succeed him.
Report: White House to Slow Approval on Calcasieu Pass LNG Terminal
Administration officials say the effect on climate change will be added to considerations.
Operators Urge Feds to Delay Impending Helium Reserve Sale
The government is opening sealed bids for the Federal Helium Reserve this week. Operators and stakeholders of the system worry that the helium supply chain could shut off after changing hands to a private owner.
SBM Offshore Announces CEO Departure, Succession
SBM Offshore’s Bruno Chabas is stepping down as CEO; the board has appointed Øivind Tangen as his successor, effective in April.
Oil Prices Edge Up on Big US Crude Withdrawal, China Stimulus
U.S. crude storage withdrawal, Chinese economic stimulus and geopolitical tensions countered concerns over tepid demand.
Trendsetter Completes Two Deepwater Well Stimulation Campaigns
Trendsetter Engineering's campaigns resulted in the “successful” acid treatments of a combined six wells using their subsea tree injection manifold.
Mark Ross to Retire as President of Chevron Shipping Co.
Barbara Pickering will succeed Mark Ross as president of Chevron Shipping Co.
SLB’s ‘Transition Technologies’ Bring In $1B+, Baker Hughes Sees 45% New Energy Orders Jump
The oil and gas sector’s deep understanding of complex subsurface rock is helping to advance carbon capture and storage and other technologies.
Carbon America Enters Technical Review for Colorado Carbon Capture Project
If approved, Carbon America said it plans to permanently store up to 350,000 metric tons per year of carbon produced annually at two ethanol plants in Colorado.
BKV CEO: Barnett E&P Waits for Right Window to Launch IPO
After volatility in natural gas prices and broader economic instability in 2023, could BKV Corp.—the largest Barnett Shale producer—move forward with its IPO this year?
South Africa’s Economic Transformation is of US Strategic Importance
South Africa’s Cape Town is at the forefront of other major cities in Africa’s southernmost country in its approach to deal with rolling blackouts and boost its own energy security while reducing its coal usage in favor of renewables.
EDP Renewables’ Sharp Hills Wind Farm Commences Operations
The Sharp Hills Wind Farm in Alberta, Canada, is EDP Renewables’ largest single-phase wind farm development in North America.
API Perforating, Wyreline Transformation to Merge
The merger of the two wireline services companies will create API Wyreline.