Pietro D
Pitts
Hart Energy
CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said.
Pemex Hits Debt Target, Struggles to Reverse Production Declines
Pemex achieved its long-term debt target, which aimed to gets its financial obligations below the $100 billion, while struggling to halt production declines.
CNX Touts Deep Utica Wells Results as Deferrals Hit Production
Appalachia producer CNX Resources is reporting promising early results from two of three deep Utica Shale wells brought online in central Pennsylvania last quarter.
EQT: Non-op Marcellus Assets Pique International Buyers’ Interest
EQT Corp. is marketing interests in its upstream and midstream assets in Appalachia as the company reduces debt after a $5.45 billion acquisition of Equitrans Midstream.
US Using More, Storing Less NatGas in Summer 2024—EIA
Gas storage levels remain high, thanks to record production levels in 2023 and a warmer-than-typical winter.
Alaska Approves Plan to Build $56.6MM Pipeline for LNG Imports
Natural gas utility Alaska Pipeline Co., an affiliate of Enstar Natural Gas, received approval from the state to build the 16-mile pipeline, which will be connected to a terminal at Port Mackenzie, near Anchorage.
Permian Prowl: Exploratory Drilling, Permitting Up for Permian Barnett Wells
In the never-ending hunt for Permian drilling locations, a growing number of operators are testing wells in less-developed formations and the basin’s extensional fringes.
Freeport LNG’s Slow Restart Stokes Concern Over Supply Risk
The 15-mtpa Freeport LNG facility remains under the spotlight of the global market as it slowly resumes operations after pausing ahead of Hurricane Beryl’s arrival along the U.S. Gulf Coast.
Chevron to Divest 20% Interest Offshore Suriname to QatarEnergy
Chevron Corp. will divest a 20% interest to QatarEnergy in a production sharing contract related to Suriname offshore Block 5.
NatGas Purgatory: US Gas Spot Prices Hit Record Lows in 1H24—EIA
Facing record-low commodity prices, U.S. dry gas producers have curtailed production and deferred new completions in the first half of 2024.