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Exploration & Production
Offshore Rig Market Continues Recovery
More demand could be around the corner with offshore rig tenders as oil and gas companies step up drilling plans and final investment decisions.
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MarketsSee More
WTI Drops 2.1% As US-China Trade War Escalates
Crude oil is included on the latest list of US exports to face a tariff.
Oil Steadies Above $60, Jackson Hole Summit In Focus
Oil steadied above $60 a barrel on Aug. 22, supported by a drop in U.S. crude inventories and OPEC-led supply cuts, although worries about the global economy weighed
Baker Hughes Awarded Contract And Granted Notice To Proceed With Calcasieu Pass Project
The agreement includes Baker Hughes' highly-efficient and reliable modular liquefaction trains, and power generation and electrical distribution equipment for the Calcasieu Pass Project.
What’s Affecting Gas Prices? (Week of Aug. 20, 2019)
Stratas Advisors forecasts a 53 Bcf injection into gas storage for the week ended Aug. 16.
BusinessSee More
Nominate: Hart Energy’s “25 Impactful Veterans in Energy”
Nominate military veterans who demonstrate leadership and make significant contributions to the energy industry through the roles they play fulfilling a company’s mission or advancing its long-term success.
H2O Midstream Adds Sabalo’s Water Assets To Growing Permian Position
Concurrent with the Sabalo acquisition, EIV Capital and multiple co-investors “substantially increased” their equity commitment for H2O Midstream to pursue additional growth in the Permian Basin.
Ambyint Names David Zahn As COO
Ambyint, the leader in AI-powered artificial lift and production optimization, said Aug. 21 it has added David Zahn to its executive leadership team as COO.
Santos First-Half Profit Soars On Higher Output, Quadrant Buy
Australia's No. 2 independent gas producer Santos Ltd on Thursday posted a 89% jump in half-year profit, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.
TechnologySee More
Schlumberger Open Sources Data Ecosystem, Contributes To The Open Group Open Subsurface Data Universe Forum
Open source data ecosystem enables collection, integration, management, enrichment and discovery of upstream oil and gas data.
SNF Investing $1.2 Billion To Meet Polyacrylamide Demand
Over the last two years SNF has added 75,000 MT/yr powder-grade polyacrylamide (PAM) production capacity globally to match the increased demand for EOR (Enhanced Oil Recovery) applications.
Wild Well Control Adds Capping Stack To Subsea Well Intervention System
Wild Well Control Inc., a Superior Energy Services company and a global leader in well control and engineering services, has added a new 10,000 psi-rated capping stack to its WellCONTAINED group of subsea containment equipment.
TechnipFMC Wins EPCI Contract For Shell PowerNap Project In GoM
TechnipFMC has been awarded a significant integrated engineering, procurement, construction and installation contract by Shell for the PowerNap project, located in the Gulf of Mexico (GoM).
Exploration & ProductionSee More
Offshore Rig Market Continues Recovery
More demand could be around the corner with offshore rig tenders as oil and gas companies step up drilling plans and final investment decisions.
Equinor Starts Production At North Sea’s Mariner Field
The startup comes after about 38 years after oil was discovered at the field and about seven years after the development was sanctioned.
Brazil Targets Investment Outside Presalt With New Bidding Program
The Permanent Offer bidding program covers 600 exploratory blocks, of which 527 are located in onshore basins.
W&T Offshore CEO Eyes More Reserves At Mahogany Field
Production from the Gulf of Mexico field has grown to about 15,550 boe/d (76% liquids) from about 1,290 boe/d in 2011, the company said.
TransactionsSee More
Kinder Morgan Scores Roughly $2.5 Billion Asset Sale
Houston-based Kinder Morgan is cashing in its Canadian affiliate plus ownership in the Cochin pipeline through asset sales to Pembina Pipeline worth roughly $2.5 billion.
Shell Enters Australia Power Industry With $419 Million Bid For ERM Power
The deal would instantly give Shell a power supplier with almost a quarter share of the commercial and industrial retail market in Australia, second only to Origin Energy in that space. It will also get two gas-fired power stations.
A&D Transactions From The Week Of Aug. 21, 2019
Here’s a snapshot of energy deals from the past week including a Permian Basin acquisition by Vermilion Cliffs plus the closing of the roughly $422 million merger of rivals TGS and Spectrum.
On The Market Quicklist (Week Of Aug. 21, 2019)
Here’s a quicklist of oil and gas assets on the market including a roughly 24,000 net-acre contiguous, operated position in the Olmos trend of South Texas and Wolfcamp nonop assets in the Permian.
Policy & RegulationsSee More
US Accuses China Of ‘Coercion’ Over Vietnam Offshore Oil
The U.S. has accused China of “coercion” of Vietnam as it seeks to exploit oil and gas in the South China Sea, siding with Hanoi and chastising Beijing in sharp terms over its decision to send Chinese ships to Vietnamese territorial waters.
Pompeo: US Removed Almost 2.7 Million Bbl/d Of Iranian Oil From Market
Secretary of state believes that the US can continue with the strategy.
Australia Joins Mission To Protect Gulf Shipping
Prime Minister: ‘Contribution will be limited in scope.’
US Shale Producers Challenge Cactus II Pipeline Surcharge For Steel Tariff
Two U.S. shale producers have challenged an energy pipeline operator's proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.
MidstreamSee More
One View
It’s critical to integrate data into a single source to improve fiscal management.
Detring Expands Into Midstream With Baird Partnership
Upstream A&D firm Detring and multinational investment bank Baird are teaming up to provide strategic advisory and M&A advisory services to midstream energy companies.
NorthStar Midstream To Form LNG Marine Transportation Company
NorthStar has executed an agreement with Fincantieri Bay Shipbuilding to build a 5,400 cubic meter (CBM).
Venture Global Announces Financial Close For Calcasieu Pass LNG
The lender group for Venture Global's $5.8 billion construction financing includes the world's leading Asian, European and North American project finance banks, the company said.
