Latest From Hart Energy
BP Flows First Gas from Greater Tortue LNG Project
Once fully commissioned, Phase 1 of the Greater Tortue Ahmeyim LNG project led by operator BP is expected to produce approximately 2.3 MMtonne of LNG annually.
Former IPAA Chair Steven Hinchman Dies at 66
During his time with IPAA, Steven Hinchman founded Scala Energy and became its president and CEO.
NatGas in Storage Shows YOY Drop for First Time Since 2022
Despite a drop in gas in storage, prices took a hit from forecasts of warmer-than-expected weather.
Biden Blocks Japan’s Nippon Steel from Buying US Steel for $14.9B
President Biden cited national security concerns in his decision, but Nippon Steel and U.S. Steel said the decision ignored the law and was motivated by politics.
US Oil, Gas Rigs Unchanged for Fourth Straight Week
The oil and gas rig count stayed at 589 in the week to Jan. 3. Baker Hughes said that puts the total rig count down 32 rigs, or 5% below this time last year.
Ormat Starts Operations at New Jersey Energy Storage Facility
Ormat Technologies Inc. said the Montague energy storage project has a capacity of 20 megawatt/20 megawatt-hours.
Delek Closes $285MM Buyout of Permian’s Gravity Water Midstream
Delek Logistics continues to focus on bolstering its Permian Basin infrastructure holdings with the acquisition of Gravity Water Midstream.
Crude Oil, Natural Gas, Shale Plays, Exploration & Production, Service & Supply, Policy & Regulations
Dallas Fed: Trump Can Cut Red Tape, but Raising Prices Trickier
U.S. oil and gas executives expect fewer regulatory headaches under Trump but some see oil prices sliding, according to the fourth-quarter Dallas Fed Energy Survey.
Hirs: Expansive Energy Policies Set to Shape 2025 Markets
The incoming administration’s policies on sanctions, tariffs, regulations and deportations will impact the oil and gas industry.
Acquisitions & Divestitures, Natural Gas, Gathering & Processing, Natural Gas liquids (NGL), Pipelines
Pembina Closes $290MM Deal for Stake in Whitecap’s NatGas Facility
Pembina Gas Infrastructure closed a CA$420 million transaction to acquire interests in Whitecap Resources’ natural gas processing facility in Alberta, Canada.
Equinor’s Norwegian LNG Plant Likely Shuttered for a Week
An outage at Equinor’s Arctic facility, Hammerfest LNG, will temporarily close Europe’s largest LNG export facility.
One Equity Partners Completes Acquisition of EthosEnergy
Private equity firm One Equity Partners said it purchased EthosEnergy to meet the growing maintenance needs of the gas power market.
Segrist: The Keystone for Trump?
President-elect Donald Trump talks about reviving the famously controversial Keystone XL Pipeline while threatening tariffs on the nation where it originates
Equinor Secures $3B in Financing for New York’s Empire Wind 1
Equinor’s 810-megawatt Empire Wind 1, which is scheduled to begin commercial operations in 2027, has accumulated the equivalent of about $5 billion in capital investments for the offshore New York project.
Microseismic Tech Breaks New Ground in CO2 Storage
Microseismic technology has proved its value in unconventional wells, and new applications could enable monitoring of sequestered CO2 and facilitate geothermal energy extraction.
Carbon TerraVault Receives California’s First Class VI Permits from EPA
The Environmental Protection Agency granted California Resources Corp.’s Carbon TerraVault Class VI well permits for the underground injection and storage of CO2.
IndustryVoice: Powering Efficiency: Leveraging GenAI Tools for Operational Excellence in the Energy Industry
Artificial intelligence, including the need for more data centers to power them, is expected to increase the domestic demand for natural gas. But the oil and gas industry also is poised to benefit much more from the use of generative AI (GenAI) to boost its own efficiencies.
EQT Closes $1.25B Non-Op Appalachia Divesture to Equinor
EQT Corp. said the proceeds of the sale to Equinor were used to repay outstanding borrowings under its revolving credit facility related to its acquisition of Equitrans Midstream Corp.
Mobile Pipeline Maker Hexagon Agility Receives $11.2MM Order
Hexagon Agility says an oilfield service company is planning on converting its well-completion equipment fleet from diesel to natural gas.
Vantage Drilling Names Williams Thomson as New COO
Thomson is currently Vantage’s chief commercial officer and CTO and has served the company since 2008.
Innovative Insulation: The Future of Thermal Management
Silicone-based, spray-on coating simplifies application and improves protection for downstream assets and workers.
Coterra Notches Year-End Permian Deal for $43MM
Coterra Energy will buy an additional 1,650 net royalty acres from Sandia Minerals LLC, the interests of which are owned by Franklin Mountain Royalty Investments, for $43 million.
PE Firm Northleaf to Divest Interests in Spanish Solar Farm
Private equity firm Northleaf Capital Partners acquired a controlling interest in the NCP Solar Mula farm in 2018.
DT Midstream Closes $1.2B Midwest Pipeline Acquisition with ONEOK
DT Midstream acquired three pipelines with more than 3.7 Bcf/d of capacity that span approximately 1,300 miles across seven states.
Less Flaring, More Bitcoin: Startup Catches Eye of Halliburton Labs
360 Energy, a startup that sets up generators on pad sites and uses the electricity for cryptocurrency, has recently caught the attention of Halliburton Labs.
Seadrill Completes Sale of Jackup Rig West Prospero
Seadrill has sold its West Prospero jackup rig for $45 million in cash in an effort to exit the jack-up rig market.
Belcher: Heed the Harsh Lessons from Europe’s Net-Zero Perils
The EU’s aggressive climate stance is wreaking economic havoc and mounting regulations could hurt the U.S. LNG industry.
Williams Completes Mid-Atlantic Transco Expansion Project
Williams Cos.'s Transco Southside Reliability Enhancement project is now online.
Exploration & Production, Crude Oil, Natural Gas, Liquefied Natural Gas (LNG), Acquisitions & Divestitures, Emissions
E&P Highlights: Dec. 30, 2024
Here’s a roundup of the latest E&P headlines, including a substantial decline in methane emissions from the Permian Basin and progress toward a final investment decision on Energy Transfer’s Lake Charles LNG project.
EQT Closes $3.5B Midstream JV With Blackstone Credit
EQT used the $3.5 billion in proceeds from the midstream joint venture deal to pay down debt.