Latest From Hart Energy
Tech Trends: Autonomous Drone Aims to Disrupt Subsea Inspection
The partners in the project are working to usher in a new era of inspection efficiencies.
Column: There’s Methane to Our Madness
The EPA’s methane rule will likely face resistance—but it shouldn’t.
Analyst: Chevron Duvernay Shale Assets May Sell in $900MM Range
E&Ps are turning north toward Canadian shale plays as Lower 48 M&A opportunities shrink, and Chevron aims to monetize its footprint in Alberta’s Duvernay play.
Trans Mountain Pipeline Announces Delay for Technical Issues
The Canadian company says it is still working for a last listed in-service date by the end of 2Q 2024.
Kodiak Gas Services Declares Cash Dividend on Common Stock
Kodiak’s dividend will be paid on Feb. 23 to all stockholders of record by Feb. 16.
E&P Highlights: Jan. 29, 2024
Here’s a roundup of the latest E&P headlines, including activity at the Ichthys Field offshore Australia and new contract awards.
FERC Says 32 Bcf/d in US LNG Capacity Approved, Not Yet Built
The FERC—which has jurisdiction over the siting, construction and operation of LNG export facilities in the U.S.—reported that 18 projects worth 32 Bcf/d of export capacity have obtained approval but are yet to be built.
The Risks and Benefits of the IRA’s 45Q, 45Z
The Inflation Reduction Act sections 45Q and 45Z are incentives to invest in energy transition and renewable energy projects, but they involve legal considerations to account for.
Tellurian Head Counters Rumors, Says Company is Focused on ‘Commercial Matters’
LNG development firm Tellurian is disputing rumors that the company is looking to sell following its hire of financial advisory firm Lazard.
UK’s Union Jack Oil to Expand into the Permian
In addition to its three mineral royalty acquisitions in the Permian, Union Jack Oil is also looking to expand into Oklahoma via joint ventures with Reach Oil & Gas Inc.
Freeport LNG Down One Train After Texas Freeze
Freeport LNG’s 15 mtpa three-train export facility on the Texas Gulf Coast will be without its Train 3 for at least one month, due to an electrical issue during the recent Texas freeze.
Baker Hughes Marks Hydrogen Milestones
The energy technology company is involved with several hydrogen projects as it works to accelerate the hydrogen economy.
Fluence to Deliver a 300 MW/650 MWh Battery in Australia
Fluence Energy signs a 15-year service agreement with Origin Energy for Fluence’s Gridstack energy storage system.
What's Affecting Oil Prices This Week? (Jan. 29, 2024)
For the upcoming week, Stratas Advisors forecast that increase in oil prices will be moderated likely due to the U.S. being cautious in response to the recent attack on U.S. troops.
Excelerate Energy, Qatar Sign 15-year LNG Agreement
Excelerate agreed to purchase up to 1 million tonnes per anumm of LNG in Bangladesh from QatarEnergy.
Baker Hughes Detects LNG Slowdown Solutions, Global Opportunities
Baker Hughes’ fourth quarter earnings call confronts Biden’s halt on LNG permitting with “solve itself” attitude.
Hydro-Québec Accepts 8 Bids for Combined 1.55 GW of Wind Projects
Bids placed in the call for tenders, issued in March 2023, were made by five companies.
Romito: Time to Evaluate Carbon Price
The industry must evaluate its price of carbon to prepare for the impact of a possible border tax.
Second Light Oil Discovery in Mopane-1X Well
Galp Energia's Avo-2 target in the Mopane-1X well offshore Namibia delivers second significant column of light oil.
Oil Settles at Highest in Nearly 8 Weeks on Strong Economic Growth
Oil prices settled at their highest in nearly two months on Jan. 26 as positive U.S. economic growth and signs of Chinese stimulus boosted demand expectations.
Equinor, Ørsted Bid for Better Contract in NY Offshore Wind Auction
New York State has received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.
Energy Transition in Motion (Week of Jan. 26, 2024)
Here is a look at some of this week’s renewable energy news, including NextEra Energy’s growing renewable energy backlog.
Texas LNG Export Terminal Completes Required Permitting for FID
Glenfarne expects the Texas LNG project’s commercialization to be completed in the first half of 2024.
Biden Administration Hits the Brake on New LNG Export Projects
As climate activists declare a win, the Department of Energy secretary says the pause is needed to update current policy.
US Drillers Add Oil, Gas Rigs for Second Week in a Row
The oil and gas rig count, an early indicator of future output, rose by one to 621 in the week to Jan. 26.
Cheniere Energy Declares Quarterly Cash Dividend, Distribution
Cheniere’s quarterly cash dividend is payable on Feb. 23 to shareholders of record by Feb. 6.
Rystad Sees Little Support for Henry Hub in Coming Weeks
Rystad Energy sees little support for Henry Hub prices in the U.S. as dry gas production rises after the Jan. 17 Arctic freeze that impacted all of the Lower 48 states.
Thanks to New Technologies Group, CNX Records 16th Consecutive Quarter of FCF
Despite exiting Adams Fork Project, CNX Resources expects 2024 to yield even greater cash flow.
US Companies Ponder Future in Venezuela as Washington Pressures Maduro on Elections
The pressure is on again for Venezuela’s President Nicolás Maduro to announce a clear election timeline amid tensions following recent arrest orders and detentions of his opposition supporters.
Marketed: Robert L. Bayless Eight Well Package in Uintah County, Utah
Robert L. Bayless Producer retained EnergyNet for the sale of its eight well package in Uintah County, Utah.