More Top Stories

Lease Sales

Marketed: Fortuna Resources Development Delaware Basin Minerals, Royalties

Fortuna Resources Development retained PetroDivest Advisors for the sale of mineral and overriding royalty interests within the Delaware Basin of the Permian in West Texas.

Public Capital

Occidental CEO Vicki Hollub Makes Bold Bid For Rival Shale Producer

Occidental CEO Vicki Hollub Makes Bold Bid For Rival Shale Producer (Source: CERAWeek by IHS Markit)

Occidental Petroleum CEO Vicki Hollub has again grabbed the spotlight, as the oil and gas industry trailblazer squares off in a bidding war for Anadarko Petroleum against oil major Chevron.

Crude Oil

Traders: Higher Crude Prices Will Hurt US Exports To Asia

Rally of U.S. Gulf Coast grades like MEH has cut into profitability.

Gathering & Processing

Hess Midstream Partners Plans To Expand Bakken Processing Capacity

Company will bolster Tioga Gas Plant by 150 MMcf/d.

Crude Oil

Brent Hits $75 For First Time In 2019 As Russian Exports Cut

Quality issues on Druzhba pipeline halt purchases by Poland, Germany and the Czech Republic.  

Lease Sales

Marketed: Kaiser-Francis Oil Wyoming Niobrara/Codell Sand Assets

Kaiser-Francis Oil retained EnergyNet for the sale of Wyoming Niobrara/Codell Sand assets in Laramie County through a sealed-bid offering closing May 15.

Trending Stories

Markets

Frac Spread: Untethered From Oil, NGL Prices Languish

Weak natural gas price results in expanded margins even as most NGL prices move little.

Traders: Higher Crude Prices Will Hurt US Exports To Asia

Rally of U.S. Gulf Coast grades like MEH has cut into profitability.

Brent Hits $75 For First Time In 2019 As Russian Exports Cut

Quality issues on Druzhba pipeline halt purchases by Poland, Germany and the Czech Republic.  

China’s CNODC To Buy 10% In Novatek’s Arctic LNG 2

China National Oil and Gas Exploration and Development Co. (CNODC) has signed a binding agreement with Russia’s Novatek to buy a 10% stake in the Arctic LNG 2 project, Novatek said on April 25.

Business

Executive Q&A: The Treadstone Energy Identity

Treadstone Energy Partners co-founder Frank McCorkle is able to see oil and gas challenges in a different light with creative solutions. Just don’t expect his operations to remain clandestine much longer.

Exxon Mobil, Chevron First-Quarter Earnings Expected To Dip

Exxon Mobil and Chevron are expected to report lower quarterly earnings per share when compared with last year, though both are in the midst of aggressive expansion plans in shale oil.

Executive Q&A: The Treadstone Energy Identity

Treadstone Energy Partners co-founder Frank McCorkle is able to see oil and gas challenges in a different light with creative solutions. Just don’t expect his operations to remain clandestine much longer.

Rice Energy Founder Launches Lawsuit Against EQT

EQT CEO Rob McNally told Reuters the Rice lawsuit was timed to distract the market from EQT’s first-quarter earnings, which he described as “a good set of results from the company.”

Technology

Augmented Adoption

Multiple trends make midstream’s digital transformation a priority but operators must consider how to make it happen.

XRI Holdings Adds Fountain Quail’s Permian Basin Water Business

The acquisition of Fountain Qual Water Treatment is expected to strengthen XRI Holdings’ network of water midstream systems in the Permian Basin.

Maersk Supply Lands FPSO Mooring Project In Gulf Of Guinea

Maersk Supply Service has been selected to deliver an integrated FPSO mooring installation and replacement solution for an American oil major in the Gulf of Guinea, the company said on April 25.

Norway’s PGS Upbeat On 2019 Profits As Seismic Demand, Prices Soar

Norwegian seismic surveyor Petroleum Geo Services (PGS) expects to have “significantly” higher profitability in 2019 as demand and prices are increasing, despite lower earnings in the first quarter, the company said on April 25.

Exploration & Production

Private E&P CEOs Give Insight On Permian Basin

Admiral Permian Resources and Discovery Natural Resources talk about production and adding value in the Permian Basin as they move toward full field development mode.

China’s CNODC To Buy 10% In Novatek’s Arctic LNG 2

China National Oil and Gas Exploration and Development Co. (CNODC) has signed a binding agreement with Russia’s Novatek to buy a 10% stake in the Arctic LNG 2 project, Novatek said on April 25.

Exxon Mobil Boosts Exploration Acreage Offshore Namibia

Exxon Mobil signed an agreement with the state-owned NAMCOR for the addition of exploration acreage offshore Namibia including acquisition of seismic data and analysis.

Private E&P CEOs Give Insight On Permian Basin

Admiral Permian Resources and Discovery Natural Resources talk about production and adding value in the Permian Basin as they move toward full field development mode.

Transactions

Occidental CEO Vicki Hollub Makes Bold Bid For Rival Shale Producer

Occidental Petroleum CEO Vicki Hollub has again grabbed the spotlight, as the oil and gas industry trailblazer squares off in a bidding war for Anadarko Petroleum against oil major Chevron.

Trump Administration Sidelines US Offshore Drilling Plan After Court Ruling

The Trump administration's plans to expand offshore drilling are on hold after a March court ruling blocked drilling in the Arctic and Atlantic, Interior Secretary David Bernhardt says.

Marketed: Fortuna Resources Development Delaware Basin Minerals, Royalties

Fortuna Resources Development retained PetroDivest Advisors for the sale of mineral and overriding royalty interests within the Delaware Basin of the Permian in West Texas.

Occidental CEO Vicki Hollub Makes Bold Bid For Rival Shale Producer

Occidental Petroleum CEO Vicki Hollub has again grabbed the spotlight, as the oil and gas industry trailblazer squares off in a bidding war for Anadarko Petroleum against oil major Chevron.

Policy & Regulations

HART ENERGY CONNECT: Political Challenges Facing Permian Basin Producers

Hart Energy looks at legislative moves across the country and what above-ground challenges oil and gas producers in the Permian Basin might face moving forward. 

Saudi's Falih: No Need For Immediate Action After End Of Iran Oil Waivers

Saudi Arabia's energy minister said he saw no need to raise oil output immediately after the United States ends waivers granted to buyers of Iranian crude.

HART ENERGY CONNECT: Political Challenges Facing Permian Basin Producers

Hart Energy looks at legislative moves across the country and what above-ground challenges oil and gas producers in the Permian Basin might face moving forward. 

Nevada Passes Bill To Double Renewable Standard, Aim For Carbon-Free Electricity By 2050

The measure must pass another round of voting in 2020 as constitutional amendments in Nevada must be approved by voters a second time before becoming law.

Transport

Apache Delays Production Of Permian Natural Gas After Weak Prices

Oil and gas producer Apache said on April 23 it would delay natural gas production from its Alpine High assets in the Permian Basin due to "extremely" low prices.

EIA: US Crude Oil Stockpiles Jump On Rise In Imports

U.S. crude oil stockpiles rose last week to their highest in about a year and a half as imports increased, even as refiners sharply ramped up output, the EIA says.

Cogent Midstream To Build Midland Basin Gas Pipeline

New line will connect Cogent’s Big Lake Processing Complex to Kinder Morgan’s Gulf Coast Express Pipeline.

Mariner East 1 NGL Pipeline Returns To Service

Energy Transfer’s pipeline again moves NGL from Eastern Ohio to Marcus Hook.