Steve
Toon
Oil and Gas Investor
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Oil and Gas Sustainability Strategies: ESG Fact and Follies
As the hydrocarbon industries face intensifying pressure from stakeholders to emit less, nine oil and gas leaders share their viewpoints on how the industry should deal with expectations versus reality and why that might cut across the grain.
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MarketsSee More
Survey: Oil and Gas Price Expectations Bolster Bankers’ Confidence
Haynes and Boone survey shows that a primary indicator leans toward favorable borrowing for producers in 2022.
US Natgas Jumps 4% as Soaring Global Prices Keep LNG Exports Strong
Data provider Refinitiv said output in the U.S. Lower 48 states averaged 96.1 Bcf/d so far in November, up from 94.1 Bcf/d in October and a monthly record of 95.4 Bcf/d in November 2019.
US Asks Japan, China, Others to Consider Releasing Oil Reserves
OPEC and other producers including Russia, known collectively as OPEC+, have been adding around 400,000 bbl/d to the market on a monthly basis, but have resisted Biden’s calls for more rapid increases.
US Crude Oil Stocks Fall Unexpectedly as Refineries Ramp Up
Crude stocks at the Cushing, Oklahoma, delivery hub rose by 216,000 barrels, the EIA said, the first time in several weeks that Cushing stocks have increased.
BusinessSee More
Oil and Gas Sustainability Strategies: ESG Fact and Follies
As the hydrocarbon industries face intensifying pressure from stakeholders to emit less, nine oil and gas leaders share their viewpoints on how the industry should deal with expectations versus reality and why that might cut across the grain.
Shell to Scrap Dual Listing, Shift HQ to London
The Anglo-Dutch company, which for years faced questions from investors about its complex dual listing, also expects to drop “Royal Dutch” from its name. It will become Shell Plc.
Oil and Gas Private Capital: Family Funded
As traditional public and private sources of capital step back, family offices are stepping in to fund selective oil and gas deals. The question is, what attracts them and can they fill the gap?
Shale Gas Giant EQT Recognized for Advancing Women’s Leadership, Board Diversity
In addition to achieving 50% female representation on its board of directors, EQT—the largest natural gas producer in the U.S.—increased the percentage of female hires by 15% and diverse hires by 5% in 2020.
TechnologySee More
Advanced Technology Takes Aim at Leak Detection
Siemens Energy and Proflex Technology recently highlighted technology that utilizes a modified negative pressure wave and the Internet of Things to find leaks.
Energy Technology Investment: The Quest for Emissions-free Production
Executives of four energy technology companies discuss how digitalization is making carbon management goals possible in the oil patch.
IBM, Amazon Partner to Extend Reach of Data Tools for Oil Companies
The technology is being shared industry-wide on an open-source basis, and only works in cloud computing data centers.
Breakwater Breaks Ground on Facility to Address Midland Basin Seismicity
Located in southwestern Howard County, Morita commercial recycling facility will serve Martin, Glasscock, and Howard counties with sustainable water solutions.
Exploration & ProductionSee More
Equinor Awards Contracts to Aibel for Norwegian Offshore Fields
The Krafla field development will be one of the biggest development projects on the NCS in the planned realization period.
Africa Has Sights Set on Hydrocarbon Haul despite Global Shift
Across the African continent, where some 600 million people lack electricity, both well-established and emerging producers are seeking to accelerate hydrocarbon extraction.
CEO of Shale Giant Calls for Cross-sector Collaboration
The oil and gas industry already has the experience and expertise needed to help combat climate change amid the energy transition, Occidental Petroleum CEO Vicki Hollub says.
Helix, Trendsetter Form Global Integrated Hydraulic Intervention Services Partnership
The new partnership will integrate Trendsetter’s 15,0000psi subsea tree injection manifold (15K STIM) and experienced personnel into Helix’s state-of-the-art fleet of well intervention vessels and equipment used to perform well services globally.
TransactionsSee More
Oil and Gas Investor A&D Trends: Reality and the Damage Done
Volatility in prices has some “arguing in favor of accelerating the transition away from fossil fuels” and those who still see fossil fuels are needed.
Energy A&D Transactions from the Week of Nov. 17, 2021
Here’s a snapshot of recent energy deals including the acquisition of Veritas Energy’s nonop position by Northern Oil and Gas in a transaction worth over $500 million in the Permian Basin plus a $2.5 billion Freeport LNG deal.
Marketed: Sage Natural Resources Barnett Shale Package
Sage Natural Resources LLC retained EnergyNet for the sale of a Barnett Shale opportunity in North Texas across Hood and Parker counties including operations and nonoperated working interest.
Marketed: White Oak Resources Operated South Texas Position
White Oak Resources retained RedOaks Energy Advisors for the sale of certain properties located in South Texas across Webb, Duval, Goliad, Victoria, Starr and Hidalgo counties.
Policy & RegulationsSee More
Carbonic Convergence? Analyst Details Profit Potential in Carbon Capture
As the price of carbon rises and the cost of CCS falls, there could be money to be made in keeping CO2 out of the atmosphere.
Enbridge Line 5 Oil Pipeline Case with Michigan to Be Heard in Federal Court
Last month the Canadian government, which intervened in the court case in support of Enbridge, invoked a 1977 pipeline treaty with the U.S. to trigger negotiations between Ottawa and Washington over the pipeline’s fate.
EIA: Impact from Release of US Emergency Reserve Oil Would be ‘Short-lived’
An EIA analysis showed that a release of 15 million to 48 million barrels from the reserve could bring prices down about $2 a barrel and push gasoline prices for a short period of time.
What Is The Emergency Oil Stash Biden May Tap To Counter Inflation?
The reserve currently holds about 606 million barrels (MMbbl) in dozens of caverns in four heavily guarded locations on the Louisiana and Texas coasts.
MidstreamSee More
Third-quarter Results Boost Midstream Confidence
Midstream juggernauts Enbridge, Williams and Energy Transfer report completed projects and numbers to please investors.
Woodfibre LNG Awards Contract to McDermott
EPFC contract moves green LNG export facility forward.
Double E Natural Gas Pipeline Enters Service in Permian Basin
Double E is one of several gas pipelines to enter service this year in the Permian Basin, the biggest shale oil region in the U.S., and should help operators in the region continue to reduce gas flaring.
Japan’s JERA Secures LNG Supply in $2.5 Billion Freeport Deal
As a result of the acquisition of GIP’s stake, JERA said it will now be involved in the entire existing Freeport LNG project as well as will work to advance new LNG projects.
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