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E&P Production: Promise of Tankless Operations
Data from a tankless operations pilot project show improvements in cost efficiencies, environmental compliance and more.
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MarketsSee More
IEA Raises 2020 Oil Demand Forecast But Warns COVID-19 Clouds Outlook
The pandemic is not under control and carries a downside risk for the market, agency says.
EIA: US Natgas Output, Demand to Fall in 2020, 2021 Due to Coronavirus
Demand is set to decrease for two straight years for the first time since 2006.
US Oil Production to Decline Less Than Previously Forecast in 2020
U.S. crude oil production is expected to fall by 600,000 bbl/d in 2020 to 11.63 million bbl/d, the EIA said July 7, a smaller decline than the 670,000 bbl/d it forecast previously.
Report: Global LNG Projects Jeopardized by Climate Concerns, Pandemic Delays
Twenty projects representing $292 billion face financing delays.
BusinessSee More
Experts Offer Grim Outlook for Upstream Bankruptcies
Current market conditions are expected to drive a “significant increase in bankruptcies” for E&P companies during the second half of 2020, one expert says.
Coronavirus Pain Drives Big Oil’s Dash for Record Debt
The world's top seven energy firms—BP, Shell, Exxon Mobil, Chevron, Equinor, Total and Eni—raised $60 billion in debt in the quarter, nearly half of the $132 billion in oil and gas sector borrowing over the period.
Opportune Taps David Morris to Lead Dallas-based Restructuring Practice
As managing director of Opportune subsidiary Dacarba, David Morris’ principal focus will be guiding oil and gas companies through corporate restructurings, turnaround management, transactional due diligence and advising on Chapter 11 bankruptcies.
Former Halliburton Head David Lesar Named CEO of CenterPoint Energy
CenterPoint Energy recently tapped David Lesar, the former head of Halliburton, to lead the Houston-based electric and natural gas utility company through its next phase of growth.
TechnologySee More
E&P Production: Promise of Tankless Operations
Data from a tankless operations pilot project show improvements in cost efficiencies, environmental compliance and more.
Fugro Adds Vessels to Atlantic Shores Offshore Wind Site
Fugro has mobilized two additional vessels off the coast of New Jersey to support their ongoing site characterization work for Atlantic Shores Offshore Wind, a joint venture between Shell New Energies US LLC (Shell) and EDF Renewables North America, the company said on July 9.
Halliburton Launches Subsea Fiber Optic Service with TechnipFMC
The technology creates a paradigm shift to reduce reservoir uncertainty and lower total cost of ownership.
Weatherford Signs Four-Year Contract with Eni
Radio frequency identification-equipped downhole casing isolation valves aim to increase operational safety and reservoir performance.
Exploration & ProductionSee More
Best of This Week’s Drilling Activity Highlights (July 10, 2020)
ConocoPhillips reports extended-reach horizontal Niobrara Shale producers in Colorado’s D-J Basin plus Wolfbone Field-Bone Spring wells completed by Occidental Petroleum in Reeves County, Texas, top this week’s drilling activity highlights from around the world.
Research Points to Hidden Opportunities in Permian Basin
Some wells in the Permian’s Delaware sub-basin can clear a ‘10% half-cycle hurdle rate even with WTI below US$30/bbl,’ Wood Mackenzie says.
Oil and Gas Investor At Closing: OPEC’s Dilemma, Shale’s Hope
Even for the leanest, meanest oil and gas producer sitting on the best assets in the land, fate hinges on the nature of the recovery.
Offshore Advances: Gulf of Mexico Bends, But Won’t Break
Although greenfield projects have been put on hold, short-term economics offer a safety net for the U.S. offshore oil and gas industry.
TransactionsSee More
E&P Private-equity Strategy: Plans, Schemes and Broken Dreams
After years of hoping for oil prices to return to better days, the magical thinking by optimistic E&Ps is out, and private-equity firms are poised to pounce.
Raymond James Names Veteran Energy Banker Will Hodge as E&P Banking Co-head
Raymond James said it expanded its energy investment banking practice on July 8 with the hiring of veteran energy bankers Will Hodge and Jacob Call.
Energy A&D Transactions from the Week of July 8, 2020
Here’s a snapshot of recent energy deals including the acquisition of Dominion's natural gas transmission and storage segment by Warren Buffett’s Berkshire Hathaway in a transaction worth nearly $10 billion.
On the Market Oil and Gas Quicklist (Week of July 8, 2020)
Here’s a quicklist of oil and gas assets on the market including the sale of operated properties in South Texas as part of a regional exit by Blackbeard Operating.
Policy & RegulationsSee More
Opinion: Is the Party Finally Over for US Oil and Gas?
Canceled pipelines and green ambitions could point to a declining role of oil and gas in the U.S. energy mix.
US Judge Rejects Latest Dakota Access Effort to Avoid Pipeline Shutdown
Dakota Access said shutting the line would cost companies and state economies billions of dollars and result in the loss of thousands of jobs.
US Energy Department Approves LNG Exports from Oregon
The U.S. Energy Department on July 6 approved the export of up to 1 Bcf/d of LNG from the proposed Jordan Cove terminal in Oregon, a move it said would ease U.S. sales of the fuel to Asian markets.
US Court Orders Dakota Access Oil Pipeline to be Shut Down, Emptied
DAPL is the largest oil pipeline running out of North Dakota’s Bakken shale basin and Native American tribes and environmental groups have long protested the line's construction.
MidstreamSee More
Midstream Contracts: Joined at the Pipe
Producers and midstream operators must work together to survive, and contract renegotiations could be part of that effort. Here are some key considerations for when companies have to come to the table.
Crestwood Assures Producers of Alternatives if DAPL Shuts
Midstream provider provides update on Bakken operations.
Judge Denies Dakota Access Initial Motion to Stay Pipeline Order
Dakota Access, controlled by Energy Transfer, filed a motion to stay a ruling by the U.S. District Court for the District of Columbia on July 6 to stop operations and empty DAPL pending an environmental review.
DAPL Shutdown May Revive Oil-By-Rail Industry
Those with tank cars may feel fortunate, but bringing back furloughed workers may depend on the length of the shutdown.
