Latest From Hart Energy
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.
4Q Deal-Making Was $144B; What’s Next?
U.S. takeout targets are few now. Operators may go abroad to add reserves, according to Enverus. Private E&Ps may pick up offshoots from portfolio pruning.
Defying Expectations, Solar Lures $34.3B in Corporate Funding in 2023
Corporate funding for the solar sector hit a decade high last year, but M&A activity saw a year-on-year decline, according to the Mercom Capital Group.
Dysfunction With a Capitol D.C.
Growing party infighting makes Washington, D.C., a difficult place for the energy industry to get things done.
XGS Energy Secures $9.7MM in New Financing
XGS Energy's latest funding round will demonstrate the commercial readiness and scalability of its new thermal reach enhancement technology.
TotalEnergies to Develop Three Offshore Wind Projects
TotalEnergies is developing large scale projects in Sweden, Finland and Denmark, with 405 MW of offshore wind power under development in Denmark.
Expro Lands CCUS Contract for Hydrogen Project in Japan
Expro’s work scope includes tubular running services for multiple sections of casing, liner and tubing, covering one production well, one injection well and one monitoring, the company says.
Plug Power Jumps on Govt Loan, Liquid Green Hydrogen Production Start
Plug Power has secured over $1 billion in government funding following liquidity issues amid supply challenges in the liquid hydrogen market in North America.
Lathrop Survey: Oil Execs Favor Diversifying
Fewer companies expect to increase oil and gas production this year as many turn to renewables for growth opportunities.
Exclusive: Meet the Data Van, the Heart of Completion Operations
In this Hart Energy Live Exclusive, NexTier’s Ben Dickinson describes how the data van centralizes completions controls and data and reduces on-site personnel requirements as the industry moves ever closer to remote fracs.
Belcher: Guaranteed Policy and Regulatory Uncertainty
With an expectedly close presidential election and small margins of control in both houses of Congress, more policy and regulatory unpredictability is certain for the U.S. oil and gas industry.
IndustryVoice: Comprehensive Gas Management for ESPs Transforms Gas Challenges into Smooth, Efficient Operations
The industry’s premier holistic Gas Management service from Baker Hughes combines proven technologies and intelligent algorithms to reverse gas-related production declines and increase lift efficiency in electrical submersible pumping (ESP) systems.
E&P Highlights: Jan. 22, 2024
Here’s a roundup of the latest E&P headlines, including FIDs for the Victory and Winterfell fields and new technology updates.
Biden Administration Announces $207MM for Fertilizer, Rural Clean-energy Projects
The Biden administration is allocating $207 million for domestic fertilizer and renewable energy projects as part of an effort to boost supplier competition for U.S. farmers and ranchers and help lower energy costs for agricultural producers.
NGL Water Solutions Begins Expansion of Lea County Express Pipeline System
The expansion of NGL Energy Partners LP’s Lea County Express Pipeline System by NGL Water Solutions, known as LEX II Expansion, will bring the system’s capacity to 340,000 bbl/d of produced water.
SolarEdge to Restructure, Reduce Workforce
SolarEdge’s plans to restructure the company and cut 16% of its global workforce are in response to “current market dynamics.”
Offshore, International, Digital Drive 4Q Results at SLB
Offshore sector’s long-cycle developments and continued international investments contribute to upcycle.
W&T Offshore Beefs Up Shallow Water GoM Holdings
W&T Offshore believes it can meaningfully increase production on the six new properties through workovers, recompletions and facility repairs.
Energy Transfer’s Sunoco Buys NuStar Energy for Scale, Permian Oil Footprint
Sunoco LP is gaining greater scale and adding new business lines through its $7.3 billion acquisition of NuStar Energy LP. But given Energy Transfer’s 100% ownership of the Sunoco partnership, could the deal face pushback by regulators?
NRG Energy Announces Increased Quarterly Dividend
NRG Energy’s dividend represents an 8% increase from the prior year.
Equinor Starts Operations at Its First UK Commercial Battery Storage Site
Equinor has started operations at its 25-MW Blandford Road commercial battery storage asset in the U.K., featuring approximately 150 lithium-ion battery units.
What's Affecting Oil Prices This Week? (Jan. 22, 2024)
Geopolitical risks continue to increase, but Stratas Advisors' John Paisie expects the oil market will stay steady unless conflicts create a material impact on oil flows.
Exxon Files Lawsuit Against Investors' Climate Proposal
Exxon Mobil Corp. filed a complaint in a Texas court to prevent a climate proposal by activist investors from going to a vote with its shareholders.
Sunoco to Acquire NuStar Energy for $7.3B
Sunoco LP is adding scale and diversifying its portfolio with its acquisition of NuStar Energy LP, which is expected to close in second quarter 2024.
Gushing, Ohio: EOG Joins Ascent, Encino in Top Oil Wells
EOG’s latest wells in its new Ohio oil play are rolling into state public records, while Ascent Resources and Encino Energy are reporting the biggest producers. All three are landing 3-milers. Some are 3.5 miles.
Zayla Partners Acquires Energy Compensation Surveyor Effective Compensation Inc.
Denver-based ECI founder Terry Isselhardt will continue as ECI president.
BOEM Finalizes Revisions to OCS Bid Adequacy Process
Among the key revisions, BOEM has implemented a lower bound confidence interval approach to asses bid adequacy.
RWE Clean Energy Names New CEO
Andrew Flanagan, who served as RWE Clean Energy’s chief development officer, will replace Mark Noyes.
Guyana’s Economy to Grow 34.3% in 2024, Finance Minister Says
Guyana’s economy is expected to grow 34.3% in 2024, exceeding growth of 33% in 2023, as an Exxon Mobil Corp.-led consortium ramps up offshore oil production, according to Guyana’s finance minister Ashni K. Singh.