Latest From Hart Energy
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.
Reports: White House Considering Climate Test for LNG Terminals
Seeking to shore up environmental support during an election year, President Joe Biden’s administration is weighing a tougher test for LNG export facilities.
Covia Holdings to Separate Energy, Industrial Businesses
Covia Energy will be a leading pure-play sand company serving the energy industry, providing proppant and logistical solutions to E&Ps and oilfield service companies in major basins across North America.
8 Rivers, Casale Partner to Advance Hydrogen Technology
The CO2 convective reformer will enable 8 Rivers’ 8RH2 technology to capture nearly all CO2 as part of its process, the company says.
Riley Exploration Permian Declares Quarterly Cash Dividend
Riley Exploration Permian’s February quarterly cash dividend is the 20th consecutive distribution made by the company.
Occidental CEO Vicki Hollub says Market will be Short on Oil Supplies by 2025
Occidental CEO Vicki Hollub, speaking at the World Economic Forum in Davos, Switzerland, said the markets are unbalanced.
A Year of Probable Improvement: The Energy Transition in 2024
The year ahead could include more technology stacking, commercialization of geothermal technologies and improved economic conditions, analysts say.
West: Oil Service Industry 2024: A Tale of Two Markets
North America's oil service industry will decline while the international and offshore markets will drive growth.
Exxon-Pioneer Deal Breaks the Mold—Who Else Benefits?
Exxon Mobil's guidance indicates the supermajor intends to step on the gas once it completes the acquisition of Pioneer Natural Resources, which could lead to more investment in midstream infrastructure.
TechnipFMC Wins Pipe Installation Contract from BP
The Argos Southwest Extension project calls for tying back three wells to the Argos production semisubmersible in the Mad Dog Field.
Beach Town Corpus Christi Grows into America’s Top Energy Port
The Port of Corpus Christi is the U.S.’ largest energy export gateway and in terms of total revenue tonnage as increased midstream investments have opened export markets for the prolific Permian Basin.
SandRidge Energy to Pay One-time $1.50 Dividend
In addition to the one-time dividend, Sandridge Energy’s board plans to increase its quarterly dividend by 10%.
Arctic Vortex Pumps Up Natural Gas Demand, But It Won’t Last
Cold temperatures caused higher gas usage and dropped production, but the spike in demand is unlikely to have lasting effects.
Ministry Offers 62 Licenses Offshore Norway in APA 2023
Sixteen of the new awards from the Norwegian Offshore Directorate add acreage to existing production licenses.
Trafigura Agrees to Purchase 1PointFive DAC Carbon Removal Credits
Trafigura’s purchase of 1PointFive’s CO2 removal credits is part of its commitment as a founding member of the First Movers Coalition to support the advancement of CO2 removal credits.
Shell Sells Nigerian Onshore Business for Up to $2.4 Billion
Shell is selling its Nigerian onshore oil and gas business to a Nigerian-led energy consortium for $1.3 billion and will receive additional payments of up to $1.1 billion from the European group.
Moda Closes Sale of Vopak Moda Houston Terminal Interest
Moda, backed by EnCap Flatrock Midstream, sold its joint venture interests in the terminal to Madrid’s Exolum.
Phoenix Capital Group Acquires Bakken Mineral Interests
Phoenix Capital Group acquired about 600,000 net mineral acres across four states from AgWest Farm Credit.
The Completions Package: NexTier, ProPetro Electrify Frac Fleets
NexTier and ProPetro’s respective electric frac fleets are touting a newer, cheaper and more sustainable approach to hydraulic fracturing through electrification.
Personless Rig Floor Could Be Coming Soon
NOV’s CTO David Reid talks with Hart Energy's Jennifer Pallanich on the safety implications of removing the driller’s cabin from the rig floor.
Talos Energy to Acquire QuarterNorth for $1.29 Billion
Talos Energy estimates QuarterNorth’s average daily production — largely from its interests in the Katmai discovery in the Green Canyon region— will be approximately 30,000 boe/d.
E&P Highlights: Jan. 12, 2024
Here’s a roundup of the latest E&P headlines, including an SLB-Nabors collaboration and new contract awards.
Advent Technologies Appoints Naiem Hussain to CFO
Hussain is replacing Kevin Brackman as Advent Technologies Holdings Inc.’s CFO, who resigned from the position on Jan. 5.
Oklahoma, Rockies E&Ps Now Need $64 Oil to Turn A Profit
The Federal Reserve Bank of Kansas City’s quarterly survey found a fourth consecutive quarter of oil and gas activity decline in Oklahoma, northern New Mexico, Colorado and Wyoming.
Prairie Operating Acquires More D-J Basin Assets for $94.5MM
Houston-based Prairie Operating Co. is scaling its D-J Basin footprint with a $94.5 million acquisition of Nickel Road Operating LLC.
Vast Appoints Two Additional Directors to Board
Vast’s appointment of Peter Botten and Tom Quinn brings the board’s recently expanded size to seven members.
Energy Transition in Motion (Week of Jan. 12, 2024)
Here is a look at some of this week’s renewable energy news, including a 2.4-gigawatt wind turbine order win for GE Vernova.
Ovintiv Names Sippy Chhina to Board of Directors
Chhina recently retired as a partner at services firm Deloitte Canada LLP.
US Drillers Cut Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count, an early indicator of future output, fell by two to 619 in the week to Jan. 12, the lowest since November.
EQT Announces Tolling Agreement with Texas LNG
EQT’s agreement with Texas LNG is the E&P’s second long-term deal since September to provide an outlet for its natural gas to the LNG market.