Hart Energy

Kremlin: Putin, Saudi Crown Prince Agree Further Coordination on Oil Output Cuts

Online OPEC+ conference will discuss production reduction in mid-June.

Reuters

LNG Exports Drop 41%

Cargoes have been canceled as the pandemic cuts into demand worldwide.

Demand Rise, Output Cuts Could Mean Oil Market Balance in June

Analysts, banks cite a return to traffic congestion around the world.

Oil and Gas Investor At Closing: Looking for the ‘V-shape’

We have to bet on pent-up demand. The recovery appears to be ‘V-shaped’ in most markets. We hope to see that in the energy world as well.

BusinessSee More

Buddy Clark Executive Q&A: Chapter 2020

Energy banking in a pandemic that has diminished global oil and gas demand by at least 25%? A 38-year energy finance attorney and author of a history of oil and gas finance describes what the space looks like today.

Nissa

Darbonne

Oil and Gas Investor

United States Oil Fund Reportedly Faces Probes into Risk Disclosures to Investors

United States Oil Fund LP, the country's largest crude exchange-traded fund, is being investigated by U.S. regulators over whether its risks were properly disclosed to investors, Bloomberg reported.

Ovintiv President Michael McAllister to Retire

Upon Michael McAllister’s retirement, CEO Doug Suttles will assume the responsibilities of president at Denver-based Ovintiv Inc., formerly known as Encana.

Occidental Petroleum Cuts Dividend Again, Now to 1 Cent

Occidental Petroleum’s shares were down 5% after the news and have lost nearly 70% of their value this year.

TechnologySee More

Cracking the Shale Code

The hard-learned lessons of the past decade can shape shale’s future.

Jennifer

Presley

E&P

US Treasury Unveils Rules for Carbon Capture Tax Credits

The U.S. Treasury Department has released rules guiding how companies use a federal tax credit designed to spur investment in carbon capture and sequestration projects.

Aker BP Contracts Optime’s New Remote Tubing Hanger Technology

Aker BP will be the first user of the new technology Optime Subsea has developed that removes umbilical controlled tubing hanger operations, the company said on May 29.

TGS Commences Atlantic Margin 20 3D Survey

TGS, a leading provider of multiclient geoscience data for E&P companies, said May 27 that it has commenced the acquisition of its Atlantic Margin 20 (AM20) 3D multiclient seismic project offshore north-west Europe.

Exploration & ProductionSee More

SPE Panel Debates Best Candidates for Shut-ins

Financial obligations and disposal costs are among the considerations for determining which wells to take offline.

Brian

Walzel

E&P

Colorado School of Mines Researchers Unveil Reservoir Characterization Study Results

Research from this year’s Colorado School of Mines’ Reservoir Characterization Program includes a field project in the Eagle Ford Shale conducted in Gonzales County, Texas.

Born in the Bakken

U.S. tight rock oil production exceeded 9 million barrels per day in March, according to the U.S. Energy Information Administration. The story began 20 years ago in Richland County, Mont., with a prospector, two wildcatters, Halliburton and a bold venture: land a lateral in the middle Bakken—and frac it.