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Source: Oryx Midstream Services LLC

Exploration & Production

Are You Ready for the Recovery?

Maintenance of shut-in oil and gas wells will mean a lot when they restart.

Source: NexTier Oilfield Solutions

Exploration & Production

E&P Executive Q&A: NexTier Oilfield Solutions CEO’s Take on OFS Sector Recovery

NexTier Oilfield Solutions CEO Robert Drummond shares his outlook for the oilfield services sector’s recovery on the other side of this downturn.

E&P Last Word: DUCs and Shut-ins

Exploration & Production

E&P Last Word: DUCs and Shut-ins—Cost Savings Today, Low Performance Tomorrow?

A study looks at the impact of DUCs and shut-in wells on future rates of oil and gas production. 

MarketsSee More

Dominion Stresses Role of Natural Gas in Clean Power Push

Dominion Stresses Role of Natural Gas in Clean Power Push

Natural gas will fuel power generation for years to come, says Dominion Energy even as it sells its gas business to Warren Buffet’s Berkshire Hathaway in a transaction worth nearly $10 billion.

opecflag

End Game for Oil? OPEC Prepares for an Age of Dwindling Demand

‘People are waking up to a new reality’ as the cartel may be forced to adjust.

singapore

Column: China’s Surging Crude Imports Mask Weakness in Rest of Asia

Chinese refiners took advantage of the oil price war’s very low prices, so record imports may continue in August.

US Oil Exports to Europe Rebound as OPEC+ Cuts Supply

Oil producers in the U.S. have boosted volumes, after curbing shale well output in the spring when prices collapsed.

BusinessSee More

Haynesville 2020

Haynesville 2020

Kicked out of the club in 2012, the Haynesville was resurrected beginning in 2017 to take on the mighty Marcellus in metrics, aided by a proximity-to-market kicker. Now, it’s taking on oil basins at the IRR weigh-in.

Brazil’s Petrobras Posts $500 Million Loss Despite Record Exports to China

Falling oil prices hurt company as it pursues a volume-over-price strategy.

Phillips 66 Posts Quarterly Loss as Pandemic Slams Fuel Demand

U.S. refiner Phillips 66 on July 31 reported a quarterly loss compared to a year-ago profit, as coronavirus-led restrictions on businesses and travel destroyed fuel demand and hurt margins.

Dominion Energy Names New Executive Leadership Team

Dominion Energy has revealed on July 31 that Thomas F. Farrell II, chairman, president and CEO, will become the company's executive chair, effective Oct. 1, 2020.

TechnologySee More

E&P Tech: Keeping Wells Safe, Clean, Productive from the Inside Out

E&P Tech: Keeping Wells Safe, Clean, Productive from the Inside Out

The oil and gas industry is continually raising well integrity standards and moving closer to a ‘no compromise’ approach.

Airborne Oil & Gas Appoints William de la Motte as CFO

Airborne Oil & Gas, a leading manufacturer of thermoplastic composite pipe (TCP), said Aug. 3 it has promoted William de la Motte to CFO following his six months as interim finance director.

Offshore Driller Noble Corp. Files for Bankruptcy

Offshore oil and gas driller Noble Corp. Plc said on July 31 it has filed for chapter 11 bankruptcy protection to restructure debt, following a historic fall in energy prices.

Weatherford Remotely Installs Liner Hanger Offshore Russia Amid COVID-19

Remote training and monitoring procedures enabled the successful installation of the liner hanger system, cementing products and tubular running services.

Exploration & ProductionSee More

Source: Oryx Midstream Services LLC

Are You Ready for the Recovery?

Maintenance of shut-in oil and gas wells will mean a lot when they restart.

The Last Frontier: Oil Industry Scales Back Exploration

The Last Frontier: Oil Industry Scales Back Exploration

Once the most adventurous aspect of the business, exploring for new oil and gas fields is now one of the most controversial.

(Source: Maximov Denis/Shutterstock.com)

Bounceback in US Shale Oil Output Unlikely to Last the Summer

Average U.S. daily oil output will fall below 2019’s record 12.2 MMbbl/d for the next two to three years, analysts said.

Alaskan Exploration: A Partner for Pantheon

Alaskan Exploration: A Partner for Pantheon

Analysis of recently completed geophysical work points to an estimated 1.8 Bbbl of oil in place at Pantheon’s Talitha project on Alaska’s North Slope. But in the midst of an oil price collapse, will anyone join them to dance?

TransactionsSee More

Tokyo Gas Takes First Majority Stake in US Shale Producer

Tokyo Gas Takes First Majority Stake in US Shale Producer

Tokyo Gas will pay about $620 million as it increases its ownership in Castleton Resources, a U.S. shale gas operator focused on being a consolidator of E&P assets in the Ark-La-Tex region.

Shell to Acquire Environmental Services Firm Select Carbon

Shell did not disclose a value for the deal, but said it will help in contributing towards the company’s ambition of being a “net-zero emissions energy business by 2050 or sooner.”

Solaris Water Midstream Boosts Permian Footprint with Concho Resources Deal

In conjunction with the deal, Solaris Water Midstream’s sponsors and management also increased their capital commitments to support the continued expansion of the company’s infrastructure systems in the Permian Basin.

Marketed: Chevron Carter Knox Field Package in Oklahoma

Affiliates of Chevron Corp. retained EnergyNet Indigo for the sale of its assets in the Carter Knox Field in Oklahoma's Grady and Stephens counties.

Policy & RegulationsSee More

norstream

Poland Fines Gazprom $57 Million over Nord Stream 2

Anti-monopoly agency says the Russian gas company has not cooperated.

Trump Touts US Energy Might during Permian Basin Visit

Trump Touts US Energy Might during Permian Basin Visit

Trump arrived in Texas as many oil firms are gearing up to report their worst quarterly results in years.

Deutsche Bank Tightens Fossil Fuel Lending Policies

Effective immediately, Deutsche Bank said it would cease financing new projects in the Arctic or oil sand projects.

inspect

RRC Continues Inspections of Permian Highway

Agency has conducted more than 75 inspections of Kinder Morgan’s pipeline project since March.

MidstreamSee More

ferc

TC Energy Files Rate Case for Columbia Gas Transmission System

Filing is the company’s first in over 20 years.

Magellan Midstream Sees Lower Fuel Pipeline Volumes for Rest of 2020

Expansion projects are continuing and some have come online.

Trump Allows Keystone Pipeline to Boost Canadian Oil Capacity after Expansion Stalls

U.S. President Donald Trump issued a new presidential permit for the base Keystone XL pipeline, allowing TC Energy to boost oil capacity by 170,000 bbl/d to 761,000 bbl/d.

Enterprise Crude Pipeline Transport Volumes Drop 21%

Company expects higher demand for storage to cushion the impact this year.