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Public Capital

Awaiting A Clear 2019 Outlook

Investors are concerned with the oilfield services supply/demand balance. (Source: Pan Demin/Shutterstock.com)

Commodity prices cloud the 2019 oilfield services outlook.

Crude Oil

Strait Of Hormuz Becomes Focal Point After Oil Attacks

Strait Of Hormuz Becomes Focal Point After Oil Attacks

Recent incidents raise questions about the security of oil supplies.

Technology

Composites Gain Ground

ClockSpring|NRI

Composite solutions are delivering rapid, reliable riser repairs.

Investment

The Permian Water Management Future: Consolidated, Efficient Systems

Kelly Bennett, co-founder and president of B3 Insight, addresses DUG Water at Hart Energy's DUG Permian Basin in April at the Fort Worth Convention Center. (Source: Tom Fox/Hart Energy)

The market’s biggest challenges—scale and consolidation—are also its biggest necessities, according to B3 Insight’s Kelly Bennett.

Renewables

US Solar Installations Expected To Double To 4 Million In Next Four Years

US solar installation growth

Texas, Utah, Florida, Rhode Island and Maryland have grown from 50,000 installations combined to more than 200,000 over the last three years.

Highlights

Best Of This Week's Activity Highlights

Best of Activity Highlights

In case you missed it, here's a look this week's activity highlights around the world. Details on current and past activity available every day in Hart Energy's database.

Trending Stories

Markets

Windpower 2019: US Wind Energy Matures, But Industry Still Has Work To Do

The U.S. wind energy has matured and potential has turned into expectations. Analysts from Wood Mackenzie, IHS Markit and Bloomberg NEF offered a long-term outlooks mixed with optimism and caution.

Saudi Aramco Signs Major LNG Deal With Sempra

Purchase from Port Arthur, Texas, facility is the biggest deal signed since 2013, says analyst.

Windpower 2019: US Wind Energy Matures, But Industry Still Has Work To Do

The U.S. wind energy has matured and potential has turned into expectations. Analysts from Wood Mackenzie, IHS Markit and Bloomberg NEF offered a long-term outlooks mixed with optimism and caution.

What’s Affecting Gas Prices? (Week of May 21)

Prices are stable around $2.60/MMBtu as a result of strong production, says Stratas Advisors.

Business

Occidental Partnership To Build Permian Basin CO2 Removal Plant

Occidental Petroleum is partnering with Canada-based Carbon Engineering to build a new multimillion-dollar direct air capture plant in the Permian Basin.

Frac Sand Provider Hi-Crush Names Alan Oehlert As COO

With the appointment of Alan Oehlert as COO, Robert Rasmus will cease serving as the principal operating officer of Hi-Crush, but will continue in his role as chairman and CEO

Vestas Takes Aim At Cheaper US Wind Power With New Turbine

Vestas launched a wind turbine targeting the U.S. market, aiming to simplify how they are built and cut costs further for the renewable energy source.

Occidental Partnership To Build Permian Basin CO2 Removal Plant

Occidental Petroleum is partnering with Canada-based Carbon Engineering to build a new multimillion-dollar direct air capture plant in the Permian Basin.

Technology

Shearwater, Equinor To Develop Marine Seismic Source Technology

Shearwater will have the exclusive rights to market the system and Equinor will have initial, preferential access to the technology.

TGS, Schlumberger Collaborate For Ocean-Bottom Node Projects In GoM

TGS and Schlumberger have announced a strategic collaboration for multiclient ocean-bottom node projects in the deepwater U.S. Gulf of Mexico (GoM) on May 22.

SKK Migas Adopts Halliburton Landmark Software

SKK Migas adopted the DecisionSpace suite of software to improve exploration and production efficiency through data analytics, integration and cross-disciplinary collaboration.

Shearwater, Equinor To Develop Marine Seismic Source Technology

Shearwater will have the exclusive rights to market the system and Equinor will have initial, preferential access to the technology.

Exploration & Production

DUG Rockies: Analysts Tout Strong Operations Despite Low Valuations

D-J Basin operators feature a price index lower than in the Bakken, Permian and Eagle Ford, according to Seaport Global.

Experts Examine Well Spacing, Other Variables’ Impact On Bakken Production

Predictive production modeling shows which variables influence production the most for parent and child wells.

Awaiting A Clear 2019 Outlook

Commodity prices cloud the 2019 oilfield services outlook.

Hart Energy's Unconventional Activity Tracker

Hart Energy's exclusive rig counts measure drilling intensity. They exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. They are designed to offer the most accurate picture of what is actually occurring in the field.

Transactions

A&D Trends: Tough Times

Just when the Permian Basin seems to have bottomed out, Callon Petroleum comes out of nowhere with a multimillion-dollar deal for its noncore assets.

Marketed: Wagner Oil Operated Properties In Various Oklahoma Counties

Wagner Oil retained EnergyNet for the sale of operated Oklahoma properties throughout the Anadarko Basin including in the Scoop shale play in auctions closing May 29.

Plains All American In Multimillion-dollar Cushing Terminal Acquisition

Plains All American picked up terminal assets located in Oklahoma’s famous Cushing oil hub from CVR Energy as the company begins to explore strategic alternatives.

Report: Upstream A&D Activities Surged In April

April turned out to be a busy month for the global upstream industry, especially for A&D activities, analysts with Stratas Advisors say.

Policy & Regulations

UPDATED: Exxon Mobil Evacuates Foreign Staff From Iraq Oilfield

Exxon Mobil Corp. has evacuated dozens of its foreign staff from the West Qurna 1 oil field, but work is still going on, according to multiple reports.

Perry: International Loan An Option For Ukraine’s Fuel Needs

Energy secretary is in Ukraine for presidential inauguration.

Energy Secretary Rick Perry Says Sanctions Bill On Nord Stream 2 Coming Soon

United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the "not too distant future.”

Tampa Electric To Offer Solar Power Option For Florida Customers

Tampa Electric’s new program requires participants to pay a shared solar charge of $0.063 per kilowatt-hour for energy produced by 17.5 megawatts of the Lake Hancock solar facility, which came online on April 25.

Transport

Permian’s Natural Gas Price Drops Below Zero Again

Insufficient takeaway capacity forces producers to flare or pay others with pipeline space to move it to market.

Permian’s Natural Gas Price Drops Below Zero Again

Insufficient takeaway capacity forces producers to flare or pay others with pipeline space to move it to market.

Carlyle-Backed Firm Seeks Guarantee On 2-Year Approval Of Crude Export Project

Lone Star Ports is seeking certainty on $400 million project with environmental impact statement looming.

Energy Secretary Rick Perry Says Sanctions Bill On Nord Stream 2 Coming Soon

United States Energy Secretary Rick Perry said on Tuesday that a sanctions bill putting onerous restrictions on companies involved in the Nord Stream 2 project would come in the "not too distant future.”