Joseph
Markman
HartEnergy.com
Latest News
17 minutes ago
US Energy Department Approves LNG Exports from Oregon
13 hours ago
Digital Tools Aiding Offshore Interactions
Infrastructure
Despite DAPL Setback, Energy Transfer Vows to Keep Fighting
A day after Dominion and Duke canceled the Atlantic Coast Pipeline as litigation mounted, the industry again finds itself confounded by permitting issues.
Subscribe now and get unmatched coverage of the energy industry.
Subscribe
More Top Stories
Latest in Video
See All Videos
Trending Stories
MarketsSee More
PATH FORWARD: Why Harold Hamm Fought for Pricing of US Light, Sweet Crude
There’s a new crude benchmark in town. Harold Hamm, founder and executive chairman of Continental Resources, joined Hart Energy to explain how American GulfCoast Select will help producers in the oil industry.
Venezuela’s Oil Exports Sank in June to 77-year Low
The fall in oil exports has starved the socialist government of President Nicolas Maduro of its main source of revenue, contributing to an economic collapse.
Global Oil Demand Likely Peaked in 2019, Energy Consultancy Firm Says
Norway-based consultancy DNV GL said global energy use would be 8% lower in 2050 than previously expected due to the impact of the pandemic.
China’s Saudi Oil Imports Surge in May to All-time High
In May, Chinese refineries received their first crude cargo from the U.S. since November, of around 550,000 tonnes, the customs data released late on June 25 showed.
BusinessSee More
US Oil Industry Loses Jobs While Other Sectors Gain
Political swing states are among those hardest hit as oil and gas employment continues to fall, analyst says.
Exxon Mobil Signals Second Quarterly Loss in a Row
Exxon Mobil last quarter cut oil production by up to 400,000 bbl/d and capex by 30%, much of it in its shale business.
Shale Drillers Squeezed as Banks Tighten Credit after Oil Crash
So far in the spring season of redeterminations, the total borrowing base for three dozen publicly listed North American oil companies has been slashed by $7.5 billion, according to a Reuters analysis.
Harold Hamm Boosts Holdings in Continental Resources
Harold Hamm said increasing his holdings in Continental Resources stock underscored his confidence in the company, the value of which he believes is currently undervalued due to the COVID-19 pandemic.
TechnologySee More
Digital Tools Aiding Offshore Interactions
Operators are overcoming remote working challenges through collaborative data visualization platforms.
Cyber Made Simple: A Guide to Offshore Cyber Risk Management
As cyber risk grows exponentially, offshore must embrace cyber security as a business reality.
Brazil’s Petrobras Hires New Satellite Service to Hasten Data Transmission
Brazilian state-run oil company Petrobras has hired a new satellite service capable of reducing data transmission timing by 75% between the company’s platforms and command centers, it said in a securities filing on July 3.
TDI-Brooks Completes GoM Coring Program for NOAA OER Expedition
TDI-Brooks was contracted by Coastal Environments Inc. and Gray & Pipe Inc., who received funding from NOAA’s Office of Ocean Exploration and Research, for this expedition on July 1.
Exploration & ProductionSee More
Completions & Production: Smart Tracers Sharpen E&P Industry’s Focus on Flow Mapping
By using a new, uniquely fingerprinted form of nanoparticles, E&P operators can more efficiently determine the best producing stages from the nonproducing ones in an unconventional well.
E&P World View: Middle East Economies Choked by Low Prices
While some oil producers in the Gulf region have taken a massive hit, others are scaling back projects in an effort to survive.
Eyeing Recovery: Oil Sector Trends Indicate Improvement
But expect volatility as oil producers tame supply but wrestle with demand.
Why US Shale Production Declines Are Higher Than You Might Think
The natural decline rates of existing oil and gas wells across major shale plays in the U.S. will contribute to a tighter supply/demand balance.
TransactionsSee More
Warren Buffett’s Berkshire Hathaway Buys Dominion Gas Business Worth Nearly $10 Billion
The deal reflects a strategic repositioning by Dominion Energy on its regulated utility operations, according to CEO Thomas F. Farrell II, and also follows the company’s decision to cancel the Atlantic Coast Pipeline.
BP Completes Part of $5.6 Billion Alaska Sale to Hilcorp Energy
The agreement calls for Hilcorp to pay $4 billion to BP over an unspecified time, with the remaining $1.6 billion based on future earnings from the Alaskan properties.
Energy A&D Transactions from the Week of July 1, 2020
Here’s a snapshot of recent energy deals including a $5 billion divestiture by BP as the London-based major shifts its focus to low-carbon energy.
On the Market Oil and Gas Quicklist (Week of July 1, 2020)
Here’s a quicklist of oil and gas assets on the market including an operated working interest package that includes producing Barnett Shale wells.
Policy & RegulationsSee More
Oil Industry Experts Weigh In on Methane Reduction Strategies
Best practices, better data, targets and regulations are needed to bring down global emissions levels from oil and gas operations, panelists say.
Denmark Gives Nord Stream 2 Nod to Restart Pipeline Work
Action removes a key obstacle to bringing Russian gas to Europe.
Alberta Premier Looking for US Democratic Support of Keystone XL Pipeline
Earlier this year, Alberta had said it would invest $1.1 billion in Keystone XL and back TC Energy's $4.2 billion credit facility.
New Trade Deal Launches Under Cloud of Disputes, Coronavirus
Tariffs against Canada and labor issues in Mexico raise concerns about USMCA.
MidstreamSee More
Despite DAPL Setback, Energy Transfer Vows to Keep Fighting
A day after Dominion and Duke canceled the Atlantic Coast Pipeline as litigation mounted, the industry again finds itself confounded by permitting issues.
Dominion, Duke Energy Cancel Atlantic Coast Pipeline
Dominion Energy and Duke Energy on July 5 announced the cancellation of the Atlantic Coast Pipeline due to ongoing delays and increasing cost uncertainty which threatens the economic viability of the project.
Near-record Oil Stockpiles at US Gulf Coast Pressure Prices of Domestic Grades
Mars Sour, the benchmark for sour U.S. Gulf Coast grades, was trading at a $1.05 premium to U.S. crude futures on July 1.
Targa NGL Pipeline Co. Launches Open Season
Interconnection will link Oklahoma to Mont Belvieu.
