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Sponsored Content

IndustryVoice: Providing Innovative Injection Well Solutions

WSP Industryvoice

WSP has provided a wide range of specialty well services to support injection, storage, geothermal energy and in-situ mining activities to numerous clients, including many Fortune 500 clients.

Pipelines

Pipeline Construction Projects: In Constant Demand

pipeline construction

Increasing unconventional-play takeaway capacity continues, as moving gas deeper into the U.S. Northeast and both oil and gas to foreign markets via the Gulf Coast are a work in progress.

Exploration & Production

Standing Tall, Growing Higher

This rig was working for Encino Acquisition Partners in Ohio’s Utica Shale last fall. (Photo by Ashley Unbehagen, courtesy of Oil & Gas Investor)

New pipelines in 2018 added much-needed takeaway capacity for the Appalachian Basin shale gas, ensuring continued growth in the region.

People

On The Move: New Hires, Appointments, Promotions

On the move

The latest new hires, appointments and promotions as well as new company office and facility locations and major mergers and acquisitions. 

Highlights

Best Of This Week's Drilling Activity Highlights

Best of Activity Highlights

In case you missed it, here's a look this week's drilling activity highlights around the world. Details on current and past activity available every day in Hart Energy's database. (Week ending June 7, 2019)

Public Capital

Greener Giants: Shell’s Transfer Of Power

Greener Giants: Shell’s Transfer Of Power

Europe-based Royal Dutch Shell is outpacing U.S.-major counterparts in non-fossil-fuel investing.

Markets

What's Affecting Oil Prices This Week (June 17, 2019)?

Brent fell $0.19/bbl last week to average $61.57/bbl but with significant intra-week volatility.

Saudi Energy Minister Hopes To Balance Oil Market Before Next Year

Saudi Energy Minister Khalid al-Falih said on Saturday that he hopes oil producers will be able to balance the oil market before next year.

Having A Gas: Australia Dominates China’s LNG Supply

Aussies supply 53% of China’s LNG imports.

Canadian Oil Output Growth Forecast Halved To 1.4% Annually

Canada holds the world's third-largest crude reserves but its energy industry has struggled to recover from the 2014/15 global oil price crash.

Business

On The Money: Finding Your Footing In Energy Earnings Season

It’s sometimes hard to know exactly what drives an energy company’s stock price, even if you’re a CEO who knows which levers logically should deliver stock price performance.

Aker Solutions Appoints Ole Martin Grimsrud As CFO

Ole Martin Grimsrud has been appointed CFO of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker ASA on the same day.

Shell To Invest Up To $2.4 Billion In Mexican Deepwater Oil Projects

Mexico's oil regulator on June 13 approved exploration plans for four deepwater areas operated by Royal Dutch Shell , after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million.

Development Banks' Climate Funding At All-Time High In 2018

The bulk of the banks' climate financing last year was aimed at reducing greenhouse gas emissions and slowing global warming, with over $30 billion invested.

Technology

Sponsored Content

IndustryVoice: Providing Innovative Injection Well Solutions

WSP has provided a wide range of specialty well services to support injection, storage, geothermal energy and in-situ mining activities to numerous clients, including many Fortune 500 clients.

BlackGold Provides Loan To Multi-generational Service Company Eastham

BlackGold continues to help fill the void left by traditional financial institutions with a loan to privately held diversified and multi-generational oilfield services company Eastham Enterprises.

Quantifying Subsurface Uncertainties Helps Reduce Exploration and Field Development Risks


Integration of advanced technologies enables rapid evaluation of multiple subsurface scenarios.

CNOOC International Extends Maersk Jackup Charter

The option has an expected duration of approximately 100 days, which means the Mærsk Innovator is now firmly contracted until February 2020.

Exploration & Production

Hart Energy's Unconventional Activity Tracker

Hart Energy's exclusive rig counts measure drilling intensity. They exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. They are designed to offer the most accurate picture of what is actually occurring in the field.

Shell To Invest At Least $397 Million In Mexican Deepwater Oil Projects

If the drilling proves successful, the investment could grow to some $1.3 billion, according to Mexico's National Hydrocarbons Commission.

SM Energy Works To Prove Up Permian Basin, Austin Chalk Inventory

Oil companies like SM Energy are being challenged to exercise financial discipline and make shareholder returns a priority while managing growth.

Exxon Mobil Pursues Expansion In Argentina’s Vaca Muerta Shale

Exxon Mobil plans to produce up to 55,000 barrels of oil equivalent per day within five years as part of the project.

Transactions

Rival Pressure Pumpers Keane, C&J Energy To Combine In All-Stock Merger

The merger of Keane Group with C&J Energy Services is expected to create the third largest pressure pumper in the U.S., behind only Halliburton and Schlumberger.

Marketed: Permian Basin Minerals, Royalties Across West Texas

OneMap Mineral Partners retained RedOaks Energy Advisors for the sale of its mineral and royalty interests located in the Permian Basin through an offering closing July 12.

Marketed: Public Gas Partners Permian Nonop Leasehold, Minerals

Public Gas Partners retained Meagher Energy Advisors for the sale of nonoperated leasehold and minerals in the Permian's central and Midland basins with bids due July 18.

Mexico’s Oil Regulator Cancels October Auctions To Pick Pemex Partners

Mexico's oil regulator announced on June 13 the cancellation of auctions set for October to pick joint-venture partners for national oil company Pemex in seven onshore areas.

Policy & Regulations

Canada Set To Approve Trans Mountain Pipeline Expansion: Sources

Canada looks set to approve the hotly debated plan to expand an oil pipeline this week, people familiar with the process told Reuters.

US Green Groups Ramp Up Legal Attacks On Federal Oil Leases

The so-called ‘keep it in the ground’ movement has a new strategy--burying the administration in formal written protests and lawsuits challenging nearly every oil and gas lease it plans on public land.

US Safety Board Urges New Rules For Worker Protections In Drilling Operations

An investigation into an explosion at an Oklahoma natural gas drilling rig that killed five workers last year faulted inadequate training and equipment and called for new regulations, the U.S. safety regulator

Industry Insights For A New (And Sometimes Hostile) Congress

GPA Midstream's Charlotte Sawyer cautioned attendees at Midstream Texas ‘fines and penalties have the potential to cripple the energy industry.’

Midstream

Pipeline Construction Projects: In Constant Demand

Increasing unconventional-play takeaway capacity continues, as moving gas deeper into the U.S. Northeast and both oil and gas to foreign markets via the Gulf Coast are a work in progress.

Howard Energy Partners Completes Significant Expansion At Port Arthur Terminal Facility

Howard Energy Partners (HEP) on June 13 announced that it has completed the expansions of its bulk liquid terminal facilities in Port Arthur and Corpus Christi, Texas.

Strait Of Hormuz And The Risk Of Uncontrolled Escalation

Two oil tankers were attacked and left adrift on Thursday in the Gulf of Oman, just south of the entrance to the strait, stoking fears of a new confrontation between Iran and the United States.

Solving The Predicament Of Water-Handling Pipelines

Pipe maker responds to the midstream’s need for specialized water disposal products.