Jennifer
Pallanich
Hart Energy
Latest
Alliances Bringing Australia’s Beetaloo to Life
Tamboran Resources with help from APA Corp. and Helmerich & Payne is advancing its goal of producing 1.5 Bcf/d by 2035 from the Australian shale play.
Exxon Juggles the Energy Transition Imperative: More Power, Fewer Emissions
Vijay Swarup, senior director for climate strategy and technology at Exxon Mobil, said existing technologies have had decades to develop while newer emissions advances are just starting to deploy.
Analysts: Civitas Digs Deeper into Permian with $2.1B Vencer Deal
With the acquisition, Permian output will account for half of Civitas Resources’ total production after the E&P scooped up Midland Basin E&P Vencer Energy, analysts say.
Suncor Acquiring TotalEnergies’ Remaining Canada Operations for US$1.1B
TotalEnergies is exiting the Canadian oil sands with the closing of its 50% interest in the Surmont oil sands sale to ConocoPhillips and the divestment of its remaining upstream Canadian assets to Suncor Energy.
As Private Equity Funds Shrink, Strategies Shift to Mirror Publics
Private equity firms are seeking to make money through the drill bit and by buying noncore assets that large companies are shedding, while family offices are starting to make more aggressive moves.
Entry Level: Energy Companies Cautiously Deploy Generative AI
Assistants and chat bots are likely to be early generative AI technology entries into the industry.
ECC 2023: Shale Investors Won’t Ever Reward Production Growth Again
During the shale boom, analysts and investors used to reward E&Ps for more production. Now, shareholders prefer more cash returns in their pockets—and experts don’t see that changing anytime soon.
Oil, Gas Private Equity Funds May Escape New SEC Transparency Rules
A new batch of SEC reporting and transparency requirements “scares the hell out” out of private equity funds, but an 83-year-old exemption may mean oil and gas funds are off the hook.
Ovintiv CEO McCracken: Magnifying Margins
Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.
The OGInterview: Ovintiv Magnifies Margins [WATCH]
Ovintiv President and CEO Brendan McCracken has beefed up the E&P’s portfolio with a major acquisition in the Permian and added exposure to the lucrative Canadian LNG market.
Just Three: Industry Decries Meager Offshore Oil, Gas Leasing Plan
The Biden administration’s proposed 2024–2029 National Outer Continental Shelf (OCS) Oil and Gas Leasing Program would allow for the “smallest number” of offshore oil lease sales — three — in the history of five-year programs.
McKinsey: Shale Poised for Big Role in Long-term LNG Demand
A global LNG supply gap will begin to open up in the 2030s, according to a McKinsey & Co. analysis but the U.S. might lose its competitive edge if red tape, particularly around pipeline permitting, isn't addressed.
Permian Gas Could Make Mexico No. 4 LNG Exporter
Quantum Energy Partners-backed LNG project on Mexico’s West Coast to rely on gas from the Permian Basin.
Exclusive: Williams a Natural Fit for CCS, Executive Says [WATCH]
Chad Zamarin, Williams Cos.' executive vice president of corporate strategic development, discusses the midstream company’s move into carbon capture and storage, NextGen Gas and the need for pipeline permit reform.
Exclusive: Permian Infrastructure is "Sufficient," Says Plains' McGee [WATCH]
In this Hart Energy LIVE Exclusive, Plains All American Pipeline's Richard McGee believes the Permian will be "a major contributor" to the world's energy supply and that its existing infrastructure is enough to deal with future production, at least in the medium term.
Gas Beatings to Continue, but $5/MMBtu Possible by 2028: Enverus
The natural gas market may not be fun, but it’s working and Henry Hub prices will rise by 2028 as LNG and infrastructure come online, an Enverus analyst says.
Too Much Information: Scattered Data Disrupting Business Decisions
A new survey suggests at least half of executives find unaligned data or the inability to see a holistic view of data as a challenge in making decisions.
Pitts: Has US Policy Toward Venezuela Already Failed?
As Chinese and Venezuelan relations grow closer, the U.S. scrambles to salvage its failed sanctions strategy against President Nicolás Maduro.
Fallibility of Generative AI: When Computers Lie, Steal and Hallucinate
Regulatory uncertainty, data security are also speed bumps on the road to the technology’s adoption.
Recognizing Industry Contributions to Decarbonization
Bolstered by billions in federal loans, grants and tax incentives, investments are being made in both energy transition and oil and gas projects, an indication of long-term sustainable growth.
Oil to Rise, But Won’t Break $100
Stratas Advisors still holds the view that oil prices will not break through $100/bbl this year.
Guyana’s Local Content Act Yet to Negatively Impact IOCs
The Guyanese government anticipates its petroleum sector will need at least 150,000 skilled laborers over the next two to five years to meet this demand.
Generative AI: Prepare for Disruption
Generative AI technology is expected to further boost productivity and ‘change the world as we know it.’
Strong Demand is Keeping Oil Prices Elevated—But for How Long?
Rig counts are falling—a reflection of higher interest rates and labor costs that now affect drilling costs, moving break-even prices even higher out in the price curve.
Universities Tackle Crude Pipeline Wax Deposits
Teams at the University of Tulsa at University of Texas at Austin are researching flow control options to prevent paraffin deposits in pipelines.
Commentary: Reaganomics and the Texas Grid
ERCOT’s frequent energy conservation alerts this summer only serve to remind Texans the grid has not been fixed in the face of unaccountable bureaucracy.
Generative AI: From Detecting Faults to Dehydrated Workers, AI Infiltrates the Oil Patch
From the oil field to the back office, AI is helping the industry speed up workflows, improve worker safety and better maintain assets.
Woodside’s $7.2 Billion Bet on Deepwater Mexico Potential
Woodside Energy is making a massive bet offshore Mexico at the large, high-quality conventional resource Trion development, checking key production, climate and financial boxes for both Mexico and partners Woodside and Petroleos Mexicanos.
Big Money is Flowing into the Powder River Basin
More long money is entering the multi-million-acre Powder River Basin, proving early entrants’ potential from the stacked pay.
Enbridge Launches Bid to be NAM’s Largest Gas Utility with $14B M&A
Enbridge said it would buy multiple companies from Dominion Energy that will forge the company in North America’s largest gas utility, ultimately delivering more than 9 Bcf/d of gas to approximately 7 million customers.