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Infrastructure

EPIC Permian Crude Pipeline On Track To Begin Interim Service In Q3

Project had been planned to be in service in January.

Crude Oil

US Crude Imports From Venezuela Grind To A Halt After Sanctions

Other disruptions, including bottlenecks in Canada, squeeze global supply of heavy crude.

Unconventional

Australian State Poll Threatens $2 Billion Coal Seam Gas Project

The Narrabri project, owned by Santos Ltd., could ease a looming gas shortage in eastern Australia, but is at risk of becoming a casualty in a weekend election in the country’s most populous state.

Lease Sales

Marketed: Relentless Permian Resources’ Stake In Over 155 Permian Basin Wells

Relentless Permian Resources retained EnergyNet for the sale of assets across the prolific Permian Basin in New Mexico and West Texas through an auction.

Methane

Ahead Of Alberta Vote, Canada's Oil Industry Roots For The Opposition

Jason Kenney Walking in the Westerner Days Parade in the opening of Westerner Days in Red Deer, Alberta, Canada. (Source: Shutterstock.com)

Canada’s battered oil industry is rooting for the opposition in next month’s election in energy heartland Alberta, investors said on March 20, but a brewing scandal involving the party’s leader could derail its hopes of an easy victory.

Subsea

Semco Maritime Wins EPCI Contract For Total’s Tyra Redevelopment Project

Semco Maritime Wins EPCI contract with Total as part of the Tyra redevelopment project, the company said on March 21.

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Markets

Frac Spread: Surplus Could Lead To Pro-Pain

Exports are insufficient so far to keep propane inventories manageable, but as the price continues to drop, that could change.

Frac Spread: Surplus Could Lead To Pro-Pain

Exports are insufficient so far to keep propane inventories manageable, but as the price continues to drop, that could change.

Oil Holds Near 2019 Peak As Global Supplies Tighten

Oil held near 2019 highs on March 20, supported by tightening U.S. stocks and declining output from key producers due to OPEC production cuts and U.S. sanctions on Iran and Venezuela.

EIA: US Crude Oil Stockpiles Slump Unexpectedly On Strong Export, Refining Demand

U.S. crude oil stockpiles last week fell by nearly 10 million barrels, the most since July, boosted by strong export and refining demand, the EIA said.

Business

Rice Brothers Unveil EQT Board Nominations As Spat Continues

The nominations are a part of Toby and Derek Rice’s plan to take control of EQT and fully realize what they say was the promised potential of the company’s acquisition of Rice Energy.

Rice Brothers Unveil EQT Board Nominations As Spat Continues

The nominations are a part of Toby and Derek Rice’s plan to take control of EQT and fully realize what they say was the promised potential of the company’s acquisition of Rice Energy.

What Is Private Equity Thinking?

A panel of oil and gas capital experts offered some sage advice on attracting private capital at the Energy Capital Conference.

Ophir Energy Agrees To Medco's Sweetened Takeover Bid

The increased offer comes after the Financial Times reported that hedge fund Petrus Advisers, which owns 3.94% of Ophir, planned to vote against Medco's bid because it undervalued the company.

Technology

E&P Momentum: Living Within Cash Flow

The tight formation revolution rewarded technically skilled managerial teams. Now Wall Street’s demand for shareholder-friendly free cash flow presages a different business philosophy.

Semco Maritime Wins EPCI Contract For Total’s Tyra Redevelopment Project

Semco Maritime Wins EPCI contract with Total as part of the Tyra redevelopment project, the company said on March 21.

McDermott Bags Offshore EPCI Contract In Arabian Gulf

McDermott International Inc. has been awarded a substantial contract from a Middle East customer for engineering, procurement, construction and installation (EPCI) services in the Arabian Gulf, the company said on March 21.

BP Extends Deal With Topaz For 12 Vessels In Azerbaijan

Topaz Energy and Marine has signed contract extensions for 12 of its vessels currently supporting the offshore operations of BP Exploration (Caspian Sea) Ltd. in Azerbaijan, the company said on March 20.

Exploration & Production

Shell Leads US Gulf Faithful In Oil, Gas Lease Sale

The March 20 lease sale in the U.S. Gulf of Mexico brought in $244.3 million in high bids.

Shell Leads US Gulf Faithful In Oil, Gas Lease Sale

The March 20 lease sale in the U.S. Gulf of Mexico brought in $244.3 million in high bids.

Occidental Petroleum CEO Vicki Hollub Aims To Be ‘Carbon Neutral’

Occidental Petroleum, the holder of the largest net acreage of drilling rights in the Permian Basin, pins hopes on EOR using captured greenhouse gases.

Oil Majors Rush To Dominate US Shale As Independents Scale Back

The rising investment also reflects a recognition that the majors largely missed out on the first phase of the Permian shale bonanza while more nimble independent producers, who pioneered shale drilling technology, leased Permian acreage on the cheap.

Transactions

Murphy Oil Cashes Out Of Malaysia In Over $2 Billion Sale

Murphy Oil plans to use proceeds from its Malaysia exit to PTTEP for share buybacks as well as funding Eagle Ford Shale and U.S. Gulf of Mexico operations.

Marketed: Relentless Permian Resources’ Stake In Over 155 Permian Basin Wells

Relentless Permian Resources retained EnergyNet for the sale of assets across the prolific Permian Basin in New Mexico and West Texas through an auction.

Murphy Oil Cashes Out Of Malaysia In Over $2 Billion Sale

Murphy Oil plans to use proceeds from its Malaysia exit to PTTEP for share buybacks as well as funding Eagle Ford Shale and U.S. Gulf of Mexico operations.

What Is Private Equity Thinking?

A panel of oil and gas capital experts offered some sage advice on attracting private capital at the Energy Capital Conference.

Policy & Regulations

Ahead Of Alberta Vote, Canada's Oil Industry Roots For The Opposition

Canada’s battered oil industry is rooting for the opposition in next month’s election in energy heartland Alberta, investors said on March 20, but a brewing scandal involving the party’s leader could derail its hopes of an easy victory.

Ahead Of Alberta Vote, Canada's Oil Industry Roots For The Opposition

Canada’s battered oil industry is rooting for the opposition in next month’s election in energy heartland Alberta, investors said on March 20, but a brewing scandal involving the party’s leader could derail its hopes of an easy victory.

Solar And Wind Firms Call The 'Green New Deal’ Too Extreme

The Green New Deal was introduced last month by Alexandria Ocasio-Cortez, a Democrat Congresswoman from New York, along with fellow Democrat Senator Edward Markey of Massachusetts. It has since become the center of a renewed debate in Washington about how vigorously the government must act to address climate change.

Federal Judge Temporarily Blocks Drilling On About 300,000 Acres In Wyoming

A federal judge ruled late Tuesday that the Interior Department violated federal law by failing to take into account the climate impact of its oil and gas leasing in Wyoming.

Transport

HART ENERGY CONNECT: Tackling Permian’s Top Challenges

Dave Tredinnick, group president, flow solutions, Emerson discusses educational service center in the basin.
 

HART ENERGY CONNECT: Tackling Permian’s Top Challenges

Dave Tredinnick, group president, flow solutions, Emerson discusses educational service center in the basin.
 

EIA: US Crude Oil Stockpiles Slump Unexpectedly On Strong Export, Refining Demand

U.S. crude oil stockpiles last week fell by nearly 10 million barrels, the most since July, boosted by strong export and refining demand, the EIA said.

Nuevo Midstream Dos To Purchase Republic Midstream

Deal will expand system’s footprint in the Eagle Ford.