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PGS Rejects $600 Million Seismic Data Offer from Rival TGS
Exploration & Production
E&P Offshore: Delivering Sustainable Execution Model for Reducing Emissions
Carbon footprint evaluation for offshore wind installation finds material selection and stakeholder alliances keys to success.
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MarketsSee More
Oil Rises After Bigger-Than-Expected Drop in Inventories
Hopes rise that fuel demand can weather the pandemic.
US Oil Production Drop in 2020 to Be Steeper Than Last Forecast
The EIA said U.S. oil production curtailments were more extensive than estimated for its previous month's report, leading to the revision this month.
US Natgas Futures Soar to December High in Best Week Since 2009
Front-month gas futures rose 7.3 cents, or 3.4%, to settle at $2.238 per million British thermal units, their highest close since Dec. 26.
Saudi Arabia Cuts September Crude Prices to Asia
Saudi Arabia's state oil producer Aramco has cut the official selling prices for its crude to Asia and Europe, while leaving them unchanged for the U.S., a document obtained by Reuters showed.
BusinessSee More
PATH FORWARD: WPX Energy’s Clay Gaspar Talks Permian Outlook, ESG, Tech
Clay Gaspar, president and COO at WPX Energy, sat down with Hart Energy’s Jessica Morales for an in-depth look at the shale producer’s outlook for the Permian and Williston basins along with the importance of ESG.
Occidental to Cut Debt Before Boosting Oil Production, CEO Vicki Hollub Says
Occidental is restarting some activity in the Permian Basin and Gulf of Mexico, but its focus is to "ensure that we have the liquidity to go forward so we have the ability to meet our maturities," CEO Vicki Hollub says.
Saudi Aramco Moves Forward with Plan to Boost Oil Output Capacity, CEO Says
Saudi Aramco is moving ahead with plans to boost crude output capacity by 1 million bbl/d to 13 million bbl/d despite cuts in capex this year and next year, CEO Amin Nasser says.
Occidental Petroleum Posts Fourth Straight Quarterly Loss on $6.6 Billion Write-down
Occidental Petroleum posted its fourth straight quarterly loss on Aug. 10 as it recorded a $6.6 billion impairment charge, largely to write down the value of its properties following a crash in oil prices.
TechnologySee More
E&P Spotlight: Enabling the Vision of Dynamic Gas-lift Optimization
With increased and improved data collection, gas-lift optimization can be automated across the full field and lead to operational discoveries that make an economical lift type even more cost effective.
Oil Major Chevron Invests in Nuclear Fusion Startup
Chevron Corp. said Aug. 12 it is investing in Zap Energy Inc., joining other oil majors who have also backed nuclear fusion startups to reduce their carbon footprint.
TGS Gears Up For 3D Seismic Survey in Powder River Basin
TGS, a leading provider of multiclient geoscience data for E&P companies, on Aug. 12 announced a new multiclient U.S. onshore 3D seismic survey within the Powder River Basin called Voyager 3D.
Petronas to Test New Subsea Pump
Aker Solutions-FSubsea joint venture FASTsubsea and Petronas’ subsidiary Petronas Research Sdn Bhd signed a joint industry project contract on Aug. 11 to develop and test a low-cost, topside-less subsea multiphase pump.
Exploration & ProductionSee More
Flaring Solutions: Staying Focused
Despite ongoing headwinds facing the battered oil and gas industry, reducing emissions remains a goal.
Texas Takes Steps to Reduce Flaring in Oil Sector
Changes would include reducing the amount of time an operator may get an administrative exception to flare natural gas.
E&P: August 2020 International Drilling Activity Highlights
Check out the latest oil and gas drilling activity highlights from around the world featured in the August issue of E&P including Equinor’s discovery of a potentially large oil reservoir offshore Canada’s Flemish Pass plus an Alaska wildcat on the North Slope reported by 88 Energy.
Experts Expect Tough Second Half Ahead for Oil Sector
Oil and gas companies face continued market volatility despite an already historic year so far.
TransactionsSee More
Southwestern Energy Builds Position with Montage Resources Deal
The transaction, expected to close in the fourth quarter, would make Southwestern the third largest producer in Appalachia.
Energy A&D Transactions from the Week of Aug. 12, 2020
Here’s a snapshot of recent energy deals including the purchase of bankrupt Templar Energy by Presidio Petroleum, expanding Presidio’s Midcontinent position into Oklahoma’s STACK Play.
On the Market Oil and Gas Quicklist (Week of Aug. 12, 2020)
Here’s a quicklist of oil and gas assets on the market including a Delaware Basin royalty package from Tumbler Energy Partners plus the associated mineral interests in the historic Hanging H Ranch located in Reeves and Loving counties, Texas.
Brookfield in Talks to Buy Cheniere’s Stake from Blackstone
The infrastructure arm of Brookfield Asset Management Inc. is in talks to buy Blackstone Group Inc.’s minority stake in Cheniere Energy Partners, Bloomberg News reported on Aug. 11, citing people familiar with the matter.
Policy & RegulationsSee More
Babst Calland Attorneys Target Oil and Gas Political Issues to Watch
As the November election draws closer, Babst Calland’s Kevin Garber and Jean Mosites analyze the stance of major party candidates on key environmental issues and what the oil and gas industry can anticipate, depending on the victors.
Mexico President Reportedly Plans to Execute Energy Vision by Late September
Mexico's president Andres Manuel Lopez Obrador has given officials until late September to craft a plan to reassert state control over the energy industry, according to three people familiar with the matter.
Federal Judge Gives Army Corps Three Weeks to Detail DAPL Options
The U.S. Army Corps of Engineers is exploring four options, including some that would not require the Dakota Access pipeline to shut, said Ben Schifman, an attorney representing the Army Corps.
Winston & Strawn Launches ESG Advisory Group
The global law firm of Winston & Strawn on Aug. 6 announced the launch of a new environmental, social, and governance (ESG) advisory team, co-chaired by Houston-based partners Mike Blankenship and Eric Johnson
MidstreamSee More
Equitrans: Despite Permit Denial, MVP Southgate Remains On Track
North Carolina rejected a water permit for the pipeline extension.
Kinder Morgan Gets OK to Put 9th Unit at Elba LNG Plant in Service
All 10 trains are expected to be in service by the end of the summer.
Oil Companies Start to Take Back Crude from SPR
Nine companies have taken back 2.2 MMbbl.
Duke Takes $1.6 Billion Charge to Exit Atlantic Coast Pipeline
Duke Energy said it took a $1.6 billion after-tax charge for the cancellation of the Atlantic Coast natural gas pipeline. Project partner Dominion already took a $2.8 billion charge related to the cancellation.
