Velda
Addison
Hart Energy
Latest News
9 hours ago
Digital Tools Aiding Offshore Interactions
10 hours ago
Difficult Times Call for Digital Measures
Emissions
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.
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
Private Reserves: An Outlook from Private Oil Producers
Zero- and lightly levered private operators throughout U.S. oil basins are on the lookout to buy—and not just where they operate currently. These five producers—in Wyoming, Oklahoma, Colorado and South Texas—share their plans.
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.
Shell to Write Down Up to $22 Billion After Coronavirus Hit
The Anglo-Dutch company has already been preparing a major overhaul after CEO Ben van Beurden laid out plans in April to reduce Shell's greenhouse gas emissions to net zero by 2050.
TechnologySee More
Digital Tools Aiding Offshore Interactions
Operators are overcoming remote working challenges through collaborative data visualization platforms.
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.
Equinor Awards Framework Contract for Statfjord North Sea Field
According to the agreement the parties will collaborate in new ways while carrying out the work on Statfjord safely and efficiently.
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.
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.
W&T Offshore CEO: Expect More Acquisitions in Future
Uncertainty, however, lingers for the oil and gas industry surrounding oil demand recovery and prices.
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.
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.
DOE Report Touts Appalachia’s Coal, Petchem Future
Trump administration wants to create a petrochemical hub in the region.
MidstreamSee More
PATH FORWARD: CEO Justin Love on Blackbuck Resources’ Unique Position
Blackbuck Resources CEO Justin Love says a unique background and being debt-free has allowed opportunities for the Houston-based midstream company through this tumultuous time.
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.
Empire Pipeline Buys Louisiana Crude Oil Terminal from Shell
Though specific terms of the transaction were not disclosed, Empire Pipeline said in a statement on June 25 it acquired the Gibson termianl from affiliates of Royal Dutch Shell.
