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Frac Markets to Tighten? E&Ps Spur OFS Upgrades, Higher Prices

Demands by E&Ps for more efficient pressure pumping and a coinciding retirement of hydraulic horsepower has set the stage for a rise in oilfield service pricing. 

The Energy Industry’s Prize Fish

Saipem’s award-winning AUV, the FlatFish, builds on previous accomplishments with its past underwater vehicles—Hydrone-R and Hydrone-W.

Column: Energy Transition and e-Mobility in Mexico

Mexico’s most obvious energy transition effort relates to its push to embrace electric mobility, or e-mobility, but the country faces many of the same challenges as markets in North America and Europe.

Barred Machado Eyes Venezuela Energy Sector Privatization, Debt Restructuring

Venezuela’s leading opposition candidate María Corina Machado plans to privatize the upstream and downstream sectors and restructure the Caribbean country’s debt if elected president in 2024. Her main obstacle: she’s barred from holding public office.

For LNG, 2023 is the New 2014

Recent announcements show it’s no cliché to say that LNG is heating up again.

In Midland, Endeavor Is ‘The Clear Belle of the M&A Ball’

Who might be the winning buyer and what’s in the asset package? J.P. Morgan Securities analyst Arun Jayaram takes a deep dive.

Exclusive: Blending Digital Innovation, Teamwork [WATCH]

In this Hart Energy Exclusive Interview, Jennifer Pallanich talks with Baker Hughes' executive director of digital well construction business Matthias Gatzen and Corva's COO Courtney Diezi about their companies' recent collaboration to solve problems and innovate.

Viability of US Offshore Oil and Gas Industry at Risk

The Biden administration’s offshore oil and gas policies undermine both energy security and climate goals.

Innovations Continue to Push the Limits of Efficiency

Next-generation fleets are poised to take center stage.

Column: EOG on Its New Frac Design: ‘No Comment’

EOG Resources has a new Delaware Basin frac design that’s lifting Wolfcamp production and EUR by 20% and more. How? Here are some clues.

Hart Energy's 2023 ESG Awards: Cleaner, Safer, More Diverse

Hart Energy’s annual ESG Awards are here, highlighting the findings of data analysis firm Clear Rating and recognizing companies' efforts in sustainable operation, local community engagement and positive workplace culture.

Romito: ISSB Celebrates a Little Too Soon

What was achieved in the International Sustainability Standards Board’s newest standards? Unfortunately, says Dan Romito, nothing material.

Could US LNG be ‘Stuck at Sea?’

U.S. LNG exporters could see cargos backing up as European storage levels near capacity and as Asian gas demand lags, with approximately 35 LNG ships sitting on the water for more than 20 or 30 days, according to a Bernstein report.

Analysts: Exxon-Denbury Deal Adds Meaningful CCS Scale for the Future

Acquiring Plano-based Denbury Inc. in a $4.9 billion deal gives Exxon Mobil even greater scale in carbon capture, utilization and storage (CCUS)—a major pillar of the U.S. supermajor’s low-carbon strategy.

Maximum Extraction: Shale Development Enters a New Era

Digitization, electrification and refined chemistry shape the future of hydraulic fracturing.

Talos Energy Makes Landfall to Tackle CCS Projects

Robin Fielder, Talos Energy's low-carbon strategy executive, explains how different pieces—engineering, stakeholder engagement, funding—come together.

To Flare or Not to Flare?

Permian midstream mismatch has consequences for the ESG-minded oil and gas industry.

Drawing a Line in the Sand: Choosing the Best Proppant

Advances in proppant technology give the hydraulic fracturing space the best of all worlds.

Berkshire Hathaway Boosting Stake in Cove Point LNG for $3.3B

Berkshire Hathaway Energy is boosting its ownership stake in Cove Point LNG through a $3.3 billion acquisition from Dominion Energy.

Private Equity Touts E&P Investments, Acknowledges Fundraising Woes

ESG pressures and declining returns in the past have hindered plans by private equity firms such as Quantum Energy Partners to raise billions of dollars.

Energy Transition: It Takes More than a Village

Western goals of lowering global emissions require raising the standard of living for billions who live in energy poverty.

Boston Group: Net Zero Investments Short by $18 Trillion

A Boston Consulting Group study reveals an $18 trillion energy transition investment gap between now and 2030, which threatens meeting net zero goals by 2050.

Rystad: Oil, Gas Sector Has All the Money it Needs

Despite the hue and cry over oil and gas underinvestment, Rystad said greater efficiency and productivity has the investments needed for E&Ps to meet demand.

Analysts: Patterson-UTI M&A May Continue After NexTier, Ulterra Deals

Patterson-UTI’s cash-and-stock acquisition of Ulterra Drilling Technologies enhances PTEN’s position in the drilling and completions market. After the recent merger announcement with NexTier, analysts wonder if PTEN might pursue more M&A.

Exclusive Q&A: Number of Energy IPOs May More Than Double by End of Year

With four energy IPOs so far this year, six more may launch before the end of 2023.

Gas Producers Stress Tested at Lower Prices Show Mixed Results

Nine natural gas companies’ resilience was tested amid a mock drop in gas prices, with some E&Ps potentially facing debt repayment hardships and producing negative cash flow at lower prices.

GoM’s Lower Tertiary Drives Proppant Fracking Offshore

Whether the reservoir is a sandstone or carbonate, completing an offshore well is high-stakes and logistics-intensive, but technologies have helped drive down emissions associated with offshore hydraulic fracturing.

The OGInterview: NOV and the Nature of Reinvention [WATCH]

In July's OGInterview, CEO Clay Williams breaks down the energy transition and his company’s role in the industry’s evolution.

Hydrogen’s Chicken, Egg Quandary Has Financers Flying the Coop

Though FIDs are slow going for hydrogen as the industry awaits clarity on incentives, some early investors are moving forward anyway.

NOV and the Nature of Reinvention

CEO Clay Williams breaks down the energy transition and NOV’s role in the industry’s evolution.