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Recap: NAPE Crowds ‘Resilient’ Through Tough A&D Times
This year’s NAPE Summit buzzed with a “resilient spirit” despite the fog of tough A&D times for upstream oil and gas dealmakers.
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MarketsSee More
Frac Spread: How The Virus Has Hurt Oil, Gas Prices
NGL prices follow as China’s troubles impact global economy.
Virus Outbreak Knocks Four Asia-Bound LNG Tankers Off Course
Up to 15 tankers globally have been classified as ‘floating storage.’
OPEC Says Coronavirus To Trim 2020 Oil Demand
The report could bolster the case for even more supply curbs by OPEC, which is considering whether to curb output further to offset slower demand.
EIA Cuts Global Oil Demand Forecast After Coronavirus Outbreak
The EIA on Feb. 11 cut its global oil demand growth forecast for this year by 310,000 barrels per day as the coronavirus outbreak dents oil consumption in China.
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Opinion: Big Oil Is Facing An Existential Struggle
BP’s ambitious climate targets set a challenge for its global oil and gas peers.
Marathon Oil Profit Misses Estimates As Prices Tumble
Marathon Oil's quarterly results mirrored weaker earnings across the sector, as prices of global crude fell in the quarter on oversupply and demand concerns.
EQT Launches Up To $400 Million Debt Buyback
Shale gas producer EQT said it plans to purchase for cash up to $400 million of its senior notes due 2021 in a debt tender offer expiring March 16.
Noble Energy Takes Over $1 Billion Charge Related To Eagle Ford Assets
Noble Energy President Brent Smolik, in a post-earnings conference call, said the company would consider monetizing the Eagle Ford Shale asset "if somebody came with a big enough check."
TechnologySee More
Special Report: Embracing New Technologies Crucial To E&P Industry’s Progress
Digitalization, sustainability and strategic partnerships for E&Ps were at the epicenter of discussions at ADIPEC 2019.
TGS Reveals Eastern Delta Refocus Imaging Program In US Gulf Of Mexico
TGS, a leading provider of mult-client geoscience data for E&P companies, announced the Eastern Delta Refocus 3D Ocean-Bottom Seismic (OBS) imaging program in the U.S. Gulf of Mexico on Feb. 13.
Exxon Mobil, Noble Corp. Enter Guyana-Suriname Drillship Agreement
Offshore driller Noble Corp. Plc and Exxon Mobil have entered a unique commercial enabling agreement on Feb. 11 for drilling services in the Guyana-Suriname Basin.
Schlumberger Introduces Egypt Upstream Gateway
The Egypt Upstream Gateway will leverage the GAIA* digital subsurface platform and provide additional value-added solutions—enabled by digital technology and domain expertise—using the DELFI* E&P cognitive environment capabilities and technologies.
Exploration & ProductionSee More
US Shale Trends Focus On Operational Efficiency
Attention remains on finding and maintaining operational efficiencies amid market challenges for U.S. shale producers.
Ovintiv Shows Progress In Anadarko Basin Post Newfield Acquisition
Ovintiv, formerly known as Encana, said it has shaved more than $1 million off drilling and completion costs in the Stack shale play.
GeoPark Makes New Gas Field Discovery In Chile
GeoPark Ltd., a leading independent Latin American oil and gas explorer, operator and consolidator, said Feb. 4 it has made a discovery in the new Jauke Oeste gas field in the Fell block (GeoPark operated, 100% WI) in Chile.
OGI At Closing: So What Is New For Oil And Gas?
The race is on now for 2020—production surplus is dueling with the drilling pace and making money.
TransactionsSee More
Recap: NAPE Crowds ‘Resilient’ Through Tough A&D Times
This year’s NAPE Summit buzzed with a “resilient spirit” despite the fog of tough A&D times for upstream oil and gas dealmakers.
Dominion To Increase Stake In $8 Billion Atlantic Coast Natgas Pipeline
If approved, the acquisition will bring Dominion's share in the Atlantic Coast natural gas pipeline to 53%, up from 48%. Duke Energy will own the remaining 47%.
Marketed: Overland Energy Partners Williston Basin Minerals
Overland Energy Partners has retained TenOaks Energy Advisors for the sale of mineral and royalty properties located in the Williston Basin.
Energy A&D Transactions From The Week Of Feb.12, 2020
Here’s a snapshot of energy deals from the past week including Peregrine’s acquisition of Alaska North Slope assets from Apollo-backed Caelus Energy.
Policy & RegulationsSee More
BP’s Net-Zero Goals Sees The Major Dwindle Oil Activity
BP’s shift to becoming a net-zero company uncovers an eventual transformation of its upstream oil and gas business.
US Charges 5 With Conspiring To Purchase Iranian Oil
Defendants sought to sell oil to China in violation of sanctions.
Rio Grande LNG Receives Non-FTA Export Authorization
NextDecade’s facility approved by the Department of Energy.
Trump’s Budget Proposes Sale From Emergency Oil Reserve
Budget documents said a sale from the Strategic Petroleum Reserve would help raise funds for priorities including $242 million needed to fix a Naval Petroleum Reserve site in California.
MidstreamSee More
Enbridge To Acquire Rio Bravo Pipeline In $25 Million Cash Deal
The Rio Bravo Pipeline is poised to support transportation of natural gas production from the Permian Basin and Eagle Ford Shale to NextDecade’s Rio Grande LNG project in Brownsville, Texas
Seaway To Extend Open Season For Expansion Capacity
Project would increase capacity by 200,000 bbl/d.
Tallgrass Energy Plans To Establish Houston Office
Leawood, Kan.-based Tallgrass Energy unveiled plans to establish a presence in the nation’s energy hub where Damon Daniels, the company’s new chief commercial officer, will be based.
Trans Mountain Pipeline Cost Jumps By Two-thirds
Trans Mountain CEO Ian Anderson said the increase was due to court and regulatory delays, rising costs of steel, land, labor and security, and accommodations for indigenous groups.
