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Biden’s Energy Policy Will Benefit Middle East, Says Wyoming Governor
Mark Gordon, Wyoming’s governor, said the U.S. Interior Department’s moratorium on issuing new permits to drill for oil and gas on public land under its control would “send capital elsewhere.”
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Energy Transition Could Be Delayed by High Metal Prices, Warns IEA
Production of critical minerals needed for clean energy technologies was much more concentrated than in the oil market, the IEA says.
Natural Gas Prospects Lose Steam as Renewables Gather Pace
A drop in green energy costs and tougher emissions targets take shine away from the natural gas industry’s ‘cleaner than coal’ pitch.
OPEC+ Sticks to Plan to Ease Oil Output Cuts Beginning in May
A market monitoring panel decided to stick to policies broadly agreed upon at a previous April 1 meeting of OPEC+, Russian Deputy Prime Minister Alexander Novak said after the talks.
OPEC+ Worried by Surge in COVID-19 Cases, Sources Say
The OPEC+ joint technical committee raised its forecast for global oil demand growth in its most recent monthly oil market report while also expressing concern about rising COVID-19 cases in India and elsewhere.
BusinessSee More
EnCap Raises $1.2 Billion for Firm’s First Energy Transition Fund
EnCap Investments has already deployed capital from its first energy transition fund in five platform investments in the battery storage, distributed power and utility-scale solar and wind sectors.
Marathon Oil, Apache First-quarter Profit Beats Estimates
The swing to profit in the first quarter also comes as Marathon Oil and other shale producers slashed spending and production last year.
Pioneer Natural Resources More than Doubles Profit in First Quarter
Pioneer Natural Resources, which operates in the Permian Basin in West Texas, said that its total output was 474,000 boe/d in the first quarter, compared with 364,000 boe/d of production in fourth-quarter 2020.
Exxon Mobil Begins Lockout of Workers from Beaumont, Texas Plant
Exxon Mobil had set a May 1 deadline to lock out and replace union-represented workers from its Beaumont, Texas, complex with managers and temporary staff if there were no vote on a company proposal.
TechnologySee More
PATH FORWARD: Behind Microsoft’s Partnership with Ambyint
Ambyint Chief Commercial Officer Chris Robart discusses the company’s recently announced partnership with Microsoft and pushing production optimization further for oil and gas operators amid the industry recovery.
Baker Hughes, Bloom Energy Collaborate on Efficient Power and Hydrogen Solutions
Companies will jointly explore development of integrated technologies for efficient and resilient power solutions for energy and industrial sectors globally.
Cold Bore Sees Demand Soar for Autonomous Completions Platform SmartPAD in Q1
Cold Bore Technology Inc., the leader in frac completions automation and platform technology, said on May 4 it has recorded growth in new customers, revenue, team size and technology infrastructure during first-quarter 2021.
W Energy Software Acquires Chorus Logistics, Adding Transportation Management System
The acquisition of Chorus Logistics enables W Energy Software customers to manage their transportation needs across any mode—pipeline, truck, rail, vessel or barge—through a best-in-class transportation management system.
Exploration & ProductionSee More
Report Shows Big Oil’s Proved Reserves Dwindling
The drop, according to Norway-headquartered Rystad Energy, could result in oil reserves running out within 15 years if large commercial discoveries are not made quickly.
Exxon Mobil Strikes Oil at Uaru-2 Offshore Guyana
The find pushes the estimated amount of discovered recoverable resources on the Stabroek Block offshore Guyana beyond 9 billion barrels of oil equivalent, Exxon Mobil and partners say.
Summer Outlook Appears Favorable for US Natgas Production, LNG Exports
A myriad of potential risks to production, however, are at play, according to analysts.
E&P Plus: Permian in the Middle East? UAE to Replicate US Shale Boom
The UAE’s unconventional resources show promising results, with production potential comparable to the most prolific North American shale plays.
TransactionsSee More
Pioneer’s Recent Multibillion-dollar Buying Spree Strengthens US Shale, CEO Says
Pioneer Natural Resources’s acquisition of privately backed DoublePoint Energy “helps the situation,” CEO Scott Sheffield said in reference to rising fears of a U.S. shale drilling binge.
Marketed: Barnett Shale Nonop Working Interest Package
Black Falcon Energy retained EnergyNet for the sale of a Barnett Shale opportunity that includes interest in nearly 1,000 wells across North Texas.
On the Market Oil and Gas Quicklist (Week of May 5, 2021)
Here’s a quicklist of oil and gas assets on the market including Fairway Resources Oklahoma properties and Kaiser-Francis Oil well package in Louisiana plus the offer from Centennial Resource Production to acquire or farm in certain operated assets in the Permian Basin of Reeves County, Texas.
Marketed: Eagle Oil & Gas East Texas Operated Divestiture
Eagle Oil & Gas retained RedOaks Energy Advisors for the sale of certain East Texas properties comprising roughly 13,000 net acres in Henderson and Anderson counties.
Policy & RegulationsSee More
Energy Policy Watch: Rep. Lizzie Fletcher Outlines the Importance of Sound Oil and Gas Policy
The second-term representative from west Houston talked to Cornerstone Government Affairs’ Jack Belcher about the complexities and opportunities of energy policy in today’s world.
Germany, Russia Flag Hydrogen Cooperation
Natural gas imports from Russia will be a necessary bridge fuel, a top German official says.
Want to Monetize Your Energy Transition Efforts? Here’s How
Experts discuss how emissions factor into profitability in the era of energy transition and the need for standardization in how to measure them.
Biden’s First 100 Days of Oil and Gas Action: He’s Just Getting Started
Baker Botts attorneys scrutinize the president’s agenda and its centrality of energy regulation.
MidstreamSee More
Women in Energy: Lindsay Grider, Tailwater Capital
Today’s featured 25 Influential Women in Energy honoree is Lindsay Grider, head of investor relations at Tailwater Capital based in Dallas.
Dakota Access Seeks Supreme Court Review to Keep Oil Pipeline Open
The operators of the line, led by Energy Transfer LP, sought a stay from the U.S. Court of Appeals for the District of Columbia, saying it would allow the Dakota Access Pipeline (DAPL) to continue operating.
Midstream Business Regulatory Repercussions: The Last Greenfield Pipeline?
High costs, regulatory hurdles and environmentalist opponents have made it difficult to construct major natural gas pipelines out of Appalachia.
EPIC Midstream Names George Millas as Chief Commercial Officer
George Millas joins EPIC Midstream as chief commercial officer from Energy Transfer, where he was in charge of all the company’s commercial gathering and processing in the Permian Basin.
