E&P Highlights: Aug. 19, 2024
Here’s a roundup of the latest E&P headlines including new seismic solutions being deployed and space exploration intersecting with oil and gas.
TC Energy Completes NatGas Transmission System Sale
TC Energy Corp. and its partner Northern New England Investment Co. have completed the sale of the Portland Natural Gas Transmission System for US$1.14 billion.
Mexico Energy Forum: Election Impacts on US-Mexico Energy Trade
Mexico Energy Forum President Roberto Salinas León shared his thoughts with Oil and Gas Investor on a number of themes related to recent elections in Mexico.
IOCs See Opportunity in Offshore Mexico, Despite Potential for Policy Changes
Five IOCs with offshore experience and capital—Eni, Harbour, Talos, Wintershall Dea and Woodside—continue to pursue promising opportunities offshore Mexico despite the country’s energy sovereignty push in favor of state-owned entities Pemex and CFE.
Amid Flagging US Activity, OFS Sector Looks to 2025—and Overseas
Despite a slowdown in U.S. activity expected to last until 2025, overseas and offshore markets helped the oilfield services sector deliver solid second-quarter results.
New Mexican President, Same Reliance on Permian Gas
While Sheinbaum leans toward a stronger Pemex, U.S. producers are likely to maintain their relevance in Mexico.
Algonquin Reaches $2.5B Deal to Sell Non-hydro Renewables Business
Algonquin’s transaction with LS Power is expected to close in fourth-quarter 2024 or first-quarter 2025, the company says.
Olenox to Operate 181 NatGas Wells in Hugoton Field
New Asia Holdings selected Olenox Kansas to operate in the Hugoton, the largest natural gas field in North America.
After $2.55B Deal, NOG and SM to Buy More Uinta Basin Assets
Northern Oil & Gas and SM Energy, which are acquiring Uinta Basin E&P XCL Resources, will acquire additional assets in the basin with the purchase of Altamont Energy, which XCL had been trying to buy.
Marathon Petroleum CEO Calls Rumors of Neste Purchase 'Not Factual'
The CEO of Marathon Petroleum Corp. downplayed rumors that the Ohio refiner was interested in acquiring Europe’s Neste Corp. during a second quarter 2024 webcast with analysts.