Latest From Hart Energy
Hirs: Energy’s Best Strategy for the Presidential Election? Support Both Sides
The upcoming presidential election sees energy concerns on the “second page” of the ballot, making choosing a side a necessity.
IMF Grants Argentina Access to $4.7B as Inflation Surpasses 200%
With rampant inflation, the IMF granted Argentina access to $4.7 billion for policies to restore macroeconomic stability, a move that could lead to more international investment, including from oil and gas companies.
NW Natural Renewables Promotes Chittum to President
Anna Chittum replaces Mike Kotyk at NW Natural Renewables, a subsidiary of Northwest Natural Holding Co.
As Chesapeake, Southwestern Ink $7.4B Deal, D.C. Gasses Up for More Scrutiny
Natural gas mergers can bring more federal attention, and Chesapeake and Southwestern’s dominant positions in the Haynesville Shale and Appalachian Basin are likely to raise eyebrows.
Activity Offshore Norway Expected to Remain Steady in 2024
The Norwegian Offshore Directorate provided updates on 2023 activity, including 14 wildcat discoveries and eight projects going online and urging exploration in frontier areas.
Pembina Announces $1.8 Billion Public Note Offering
Pembina Pipeline Corp. will use proceeds from the public offering of notes for general purposes, funding a portion of the purchase price and repaying debts.
Belcher: Energy Policy Outlook for 2024
Expect energy policy to be a dominant theme in the 2024 elections.
Light Oil Discovery Made Offshore Namibia
Galp Energia said a significant light oil discovery was made in the Orange Basin and a drill stem test will be performed to assess the discovery’s commercial viability
Energy Transfer Seeks to Raise $3.8 Billion Through Offering of Notes
Energy Transfer is offering $3 billion in senior notes with the sale expected to settle Jan. 25.
First Phase of EDF, Enbridge’s Fox Squirrel Solar Complex Starts Up
The first phase of the 150-megawatt Fox Squirrel Solar complex, developed by EDF Renewables and Enbridge in Ohio, became operational in December.
Analysts: Chesapeake-SWN Poised to Supply Growing Global LNG Demand
Chesapeake Energy and Southwestern Energy are combining in a $7.4 billion merger to serve more domestic customers and access growing global LNG demand.
FLNG Gimi Arrives at GTA Field Offshore Mauritania, Senegal
The Golar FLNG Gimi facility will be moored at the GTA Field for the next 20 years.
1PointFive, Boston Consulting Group Enter CO2 Removal Agreement
The CO2 removal credits will come from Stratos, 1PointFive’s first industrial-scale direct air capture facility currently under construction in Texas.
ArcLight Creates AlphaGen to Manage Firm’s US Power Infrastructure Portfolio
Alpha Generation, owned by ArcLight Capital Partners, will manage one of the U.S.’ largest power infrastructure portfolios with annual revenues of about $2 billion.
Spire Energy, KC Water Partner to Develop RNG in Missouri
The project will repurpose biogas from the Kansas City’s Blue River Wastewater Treatment Plant into RNG, according to Spire Energy.
Chesapeake, Southwestern to Combine in $7.4B Deal
Chesapeake Energy and Southwestern Energy's merger will create dominant positions in Appalachia and the Haynesville Shale, which the companies say would compete on the global stage.
Subal: Pockets of Growth Balance Fears of Slowdown
U.S. midstream and energy infrastructure has a mixed outlook for 2024, with a possible loss in demand and stronger focus on renewables offset by solid oil prices and a healthy midstream industry with pockets of growth.
Tapping into Synergies, NOV Looks to Grow Solar
NOV, a service company known for its prowess in the oil patch, is moving deeper into renewables with a focus on solar trackers and rack systems.
RWE Offshore Wind CEO on Plans to Spend, Build Big in US
With plans to spend $22 billion in the U.S., RWE Offshore Wind Holdings’ CEO Sam Eaton discusses the German multinational’s plans, challenges and offshore wind’s value proposition.
Occidental: Parts of DAC Ready to Scale
A major challenge facing Occidental and other direct air capture ventures is whether the process can be made cost-competitive.
APA Promotes Stephen J. Riney to President
Stephen Riney joined APA in 2015 and has served as the company’s executive vice president and CFO.
FERC: Closure of LNG Import Plant Threatens New England’s Grid
Despite record U.S. natural gas production, parts of the U.S., including New England, face difficulties finding adequate supplies for power generation.
Commentary: The Oil and Gas Future—Believe It or Not
If you believe the IEA’s analysis, plenty of oil and gas companies won’t survive very far into the future.
TotalEnergies Ups Stake in Two Blocks Offshore Namibia
TotalEnergies is acquiring an additional 10.5% participating interest in Block 2913B and an additional 9.39% participating interest in Block 2912.
8 Rivers Capital to Develop Cormorant Clean Energy Project
8 Rivers’ project plans to produce an estimated 880,000 mt of ammonia and capture more than 1.4 MMmt of CO2 annually.
Behind The Scenes: The Pioneer Exxon Deal from A to XOM
Pioneer was a potential buyer of a mystery E&P before deciding to sell to Exxon Mobil. Between June 22 and Oct. 10, terms of 2023’s largest U.S. oil and gas merger were debated.
U.S. Energy Completes Asset Divestitures
U.S. Energy Corp.’s non-core asset divestitures report no change to the company’s existing $20 million borrowing base.
SLB to Use Geminus AI Physics-based AI Model Builder
AI models built using physics-based simulations from Geminus will optimize oil and gas operations, SLB says.
Energy Capital Partners Acquires EnCap’s Triple Oak Power
Energy Capital Partners will acquire EnCap-backed Triple Oak, which develops, acquires and monetizes renewable energy projects.
Battalion Oil Non-compliant with NYSE American
Battalion Oil expects to soon regain compliance with NYSE American’s continued listing standards following the annual meeting of stockholders in February.