Latest From Hart Energy
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.
FERC Approves Two Pipeline Projects in Tennessee, Texas and Louisiana
FERC-approved plans for the two pipeline projects will bring natural gas to future power plants and the Gulf Coast.
Energy Transition in Motion (Week of Jan. 19, 2024)
Here is a look at some of this week’s renewable energy news, including a newly formed company’s plans to develop offshore wind power and hydrogen production.
Strata Clean Energy Breaks Ground on Arizona Battery Storage Project
Renewables developer Strata Clean Energy broke ground on a new grid-scale battery storage project in Phoenix, Arizona.
Targa Announces Quarterly Dividend
Targa Resources' board of directors approved a fourth quarter dividend to be payable on Feb. 15.
US Drillers Add Oil, Gas Rigs for First Time in Three Weeks
U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks
Trillion Revises Timeline for South Akcakoca Sub-Basin Field
Even with its revised timeline, Trillion maintains its production guidance of 7.547 MMcf/d before royalties.
Chevron to Begin Marketing Shale-gas Assets in Canada's Duvernay
Chevron plans to put its Alberta, Canada, shale-gas business up for sale as it continues to streamline global operations.
KMI Considers Expanding Capacity out of Permian
Kinder Morgan reports customers may need more space on its Gulf Coast Express by 2027.
Solar Flair: Alternus Looks to Grow in US through M&A, IRA Credits
Alternus Clean Energy, formed by the combination of SPAC Clean Earth Acquisitions Corp. and Ireland’s Alternus Energy Group, looks to grow its operating assets to 3 GW within five years.
Oscars Season? Meet Guidance Season … and the Winner is?
Like movies under the Marvel and “Star Wars” banners—that have recently bombed—growth stocks are continuing a good run, but the appeal of the niche midstream sector could take center stage in 2024.
Three New England States Extend Offshore Wind Solicitation Due Date
Massachusetts, Connecticut and Rhode Island extended the date bids are due in the next offshore wind solicitations to March 27.
Mexico’s New Dos Bocas Refinery to Start Operations in February
Mexico’s President Andrés Manuel López Obrador said the country’s new Dos Bocas refinery, known as Olmeca, will commence operations in February 2024.
NOV Appoints Patricia Melcher to Board
The appointment of Patricia Melcher to NOV Inc.’s board brings the number of directors to nine, eight of which are independent.
Woodside Energy, Rice University Form Decarbonization Accelerator
The decarbonization partnership aims to fast-track commercialization of certain technologies, according to a news release.
Vitol: Oil Demand Peaks in 2030s, Saudis to Quit Supply Cut This Year
Vitol executive Ben Marshall told oil and gas producers at IPAA’s Private Capital Conference that Saudi Arabia is losing patience. Also, the energy transition will take longer than expected.
Three Norwegian Oil, Gas Field Permits Invalidated on Environmental Grounds
Output at Breidablikk can continue until the end of 2024, but the developments of the two other offshore fields must be halted, in a win for environmentalist groups.
Talos Energy to Offer 30 Million Shares of Stock to Pay for M&A
Proceeds from Talos Energy’s secondary offering will be used to help pay its recently announced acquisition of QuarterNorth Energy.
EQT Prices $750MM of New Senior Notes for Tug Hill Acquisition
EQT plans to offer 5.75% senior notes to repay some borrowings used in the acquisition of Tug Hill and XcL Midstream, the company said.
Mexico Pacific Inks Exxon to Third LNG Contract, Targets 2024 FID
Houston-based Mexico Pacific Ltd., which is developing the 15 mtpa Saguaro Energia LNG project in Mexico, will source Permian Basin gas for LNG exports to Asia.
Ørsted Moves Forward with Plans to Develop Wind Farm in Ireland
Located in Tipperary, Ørsted's 43.2-megawatt wind farm will feature nine wind turbines.
EIA: Oil, Gas Output to Fall Across Lower 48 in February
Daily oil and gas output is forecasted to decline from shale basins across the Lower 48 in February—except from the mighty Permian Basin, according to new Energy Information Administration figures.
Kissler: Red Sea Conflict Could Trigger Oil Shortage
Escalating tensions in the Red Sea heighten the potential for shipment disruptions and major impact on energy markets.
PDVSA Contributed $6.2B to Government Coffers in 2023
Venezuela’s state-owned PDVSA contributed income equivalent to US$6.2 billion to government coffers in 2023, Venezuela’s President Nicolás Maduro Moros said during his annual National Assembly address.
BP Sticks with Murray Auchincloss as CEO, Continues Shift from Oil
BP formally appointed Murray Auchincloss as CEO and announced the purchase of GETEC ENERGIE GmbH as part of a strategy to evolve from international oil company to integrated energy company.
Apex, SK Gas, SK D&D Create Energy Storage JV
Joint venture SA Grid Solutions owns the Great Kiskadee battery storage, a project under construction in Texas that will eventually feed into the ERCOT grid.
Tallgrass Energy Upsizes Senior Notes Offering
Tallgrass Energy Partners upsized an offering of 7.375% senior unsecured notes, due 2029, to $800 million from the previously announced $700 million.