United States
One Killed in Offshore Natural Gas Pipeline Explosion in Louisiana
An offshore natural gas pipeline that exploded near Venice, Louisiana, on Aug. 17, killing one person, was owned by Whitney Oil and Gas, the U.S. Coast Guard said on Aug. 19.
APA Executive: After Recent Divestitures, ‘More to Come’
At the EnerCom Denver conference, an APA Corp. executive didn’t address reports that APA was shopping up to $1 billion in Permian Basin assets, but he said the company is looking to shed $2 billion in term loans associated with its purchase of Callon Petroleum.
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.
EQT: Glut of Low Carbon Tech Like ‘Manhattan Project on Steroids’
Executives at EQT, NOV and Oxy Low Carbon Ventures discussed technology, scalability and other energy transition needs at a recent SPE conference.
New Fortress’ Fast LNG 1 Running Again Following Maintenance
New Fortress Energy's FLNG1 site will now ramp up and hit full production by September, company officials reported.
Quantum Buys Rockies E&P Caerus Oil and Gas for $1.8B
Private equity firm Quantum Capital Group closed an acquisition of Caerus Oil and Gas. Quantum is splitting Caerus’ assets in Colorado and Utah between two portfolio companies.
Civitas: 4-mile Colorado Laterals A ‘Competitive Edge’ in D-J Basin
Civitas Resources poured billions of dollars into Permian M&A, but the company still sees room to run in its foundational portfolio in Colorado.
Oil Producer APA Explores $1B Sale of Permian Assets, Sources Say
APA Corp. is exploring the sale of oil and gas drilling properties spread across parts of the Permian basin of Texas and New Mexico, in a deal that could be valued at about $1 billion.
What's Affecting Oil Prices This Week? (Aug. 19, 2024)
For the upcoming week, Stratas Advisors are expecting that oil prices will move sideways with the positive factors being offset by the negative factors.
Pitts: LNG Sector, Beware! Aramco is Coming
Loaded with cash, Saudi oil powerhouse Aramco has embarked on a net-zero quest.