Latest From Hart Energy

SLB’s ‘Transition Technologies’ Bring In $1B+, Baker Hughes Sees 45% New Energy Orders Jump

The oil and gas sector’s deep understanding of complex subsurface rock is helping to advance carbon capture and storage and other technologies.

Carbon America Enters Technical Review for Colorado Carbon Capture Project

If approved, Carbon America said it plans to permanently store up to 350,000 metric tons per year of carbon produced annually at two ethanol plants in Colorado.

BKV CEO: Barnett E&P Waits for Right Window to Launch IPO

After volatility in natural gas prices and broader economic instability in 2023, could BKV Corp.—the largest Barnett Shale producer—move forward with its IPO this year?

South Africa’s Economic Transformation is of US Strategic Importance

South Africa’s Cape Town is at the forefront of other major cities in Africa’s southernmost country in its approach to deal with rolling blackouts and boost its own energy security while reducing its coal usage in favor of renewables.

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.