Download the 2019 EAGE Daily News:

Tap into unmatched coverage of the oil and gas industry’s entire landscape.


Already a subscriber? Sign in

More Top Stories

Private Equity

Anatomy Of A Deal: Betting On Oryx Midstream

Anatomy Of A Deal: Betting On Oryx Midstream

There were handshakes and smiles all around after private-equity firm Stonepeak Infrastructure Partners purchased Oryx Midstream in the biggest midstream deal to date.


Solving The Predicament Of Water-Handling Pipelines

Wes Long Midstream Texas

Pipe maker responds to the midstream’s need for specialized water disposal products.

Public Capital

From OGI Editor-In-Chief: Hollub’s Opus

From OGI Editor-In-Chief: Hollub’s Opus

Out of Occidental’s sudden saga to wrest Anadarko out of Chevron’s grasp, why was CEO Vicki Hollub so darned determined to win?

Midstream Texas

Industry Insights For A New (And Sometimes Hostile) Congress

Charlotte Sawyer GPA Midstream Texas

GPA Midstream's Charlotte Sawyer cautioned attendees at Midstream Texas ‘fines and penalties have the potential to cripple the energy industry.’

Public Capital

SM Energy Works To Prove Up Permian Basin, Austin Chalk Inventory

SM Energy aims for 100 net completions in the Midland and 18 net completions in the Eagle Ford this year. (Source: Shutterstock)

Oil companies like SM Energy are being challenged to exercise financial discipline and make shareholder returns a priority while managing growth.


Relationship Building Is Key To Trans Mountain Expansion

Trans Mountain

Decision on the $7.4 billion project is expected next week.


OPEC Must Confront An Unpalatable Reality

U.S. shale production and a slowing global economy are revealing the limits of the cartel’s influence on oil markets.

Canadian Oil Output Growth Forecast Halved To 1.4% Annually

Canada holds the world's third-largest crude reserves but its energy industry has struggled to recover from the 2014/15 global oil price crash.

Analysts: Tanker Bombings Point To More US-Iran Tension, Oil Price Rise

Oil prices rose Thursday following attacks on two Asia-bound tankers plying the Gulf of Oman, just east of the Strait of Hormuz, a major choke point for global crude markets.

Oil Surges After Gulf Tanker Attacks, Stocks Claw Higher

Brent jumps by 4% as tensions rise between U.S. and Iran.


Greener Giants: Shell’s Transfer Of Power

Europe-based Royal Dutch Shell is outpacing U.S.-major counterparts in non-fossil-fuel investing.

Shell To Invest Up To $2.4 Billion In Mexican Deepwater Oil Projects

Mexico's oil regulator on June 13 approved exploration plans for four deepwater areas operated by Royal Dutch Shell , after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million.

Development Banks' Climate Funding At All-Time High In 2018

The bulk of the banks' climate financing last year was aimed at reducing greenhouse gas emissions and slowing global warming, with over $30 billion invested.

Norway’s Aker Eyes IPO, Merger For Cognite Software Firm

Cognite, in which Norwegian investment firm Aker owns a 65% stake, has customers in Europe, including oil and gas firms Aker BP, Lundin Petroleum, OMV and Wintershall DEA.


Quantifying Subsurface Uncertainties Helps Reduce Exploration and Field Development Risks

Integration of advanced technologies enables rapid evaluation of multiple subsurface scenarios.

Aker Solutions Appoints Ole Martin Grimsrud As CFO

Ole Martin Grimsrud has been appointed CFO of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker ASA on the same day.

CGG Wins Johan Sverdrup Project Contract From Equinor

Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a contract by Equinor on June 11 for the processing of seismic data from the Johan Sverdrup Permanent Reservoir Monitoring (PRM) system in the North Sea.

SAExploration Completes Company’s Largest Shallow-water Project

SAExploration Holdings Inc. has successfully completed the largest shallow water ocean-bottom marine project in the company’s history.

Exploration & Production

Best Of This Week's Drilling Activity Highlights

In case you missed it, here's a look this week's drilling activity highlights around the world. Details on current and past activity available every day in Hart Energy's database. (Week ending June 7, 2019)

Shell To Invest At Least $397 Million In Mexican Deepwater Oil Projects

If the drilling proves successful, the investment could grow to some $1.3 billion, according to Mexico's National Hydrocarbons Commission.

Exxon Mobil Pursues Expansion In Argentina’s Vaca Muerta Shale

Exxon Mobil plans to produce up to 55,000 barrels of oil equivalent per day within five years as part of the project.

West Virginia Supreme Court Sides With Antero In Horizontal Drilling Suit

For the second time this month, the West Virginia Supreme Court ruled on surface rights disputes between landowner and E&Ps.


Anatomy Of A Deal: Betting On Oryx Midstream

There were handshakes and smiles all around after private-equity firm Stonepeak Infrastructure Partners purchased Oryx Midstream in the biggest midstream deal to date.

Mexico’s Oil Regulator Cancels October Auctions To Pick Pemex Partners

Mexico's oil regulator announced on June 13 the cancellation of auctions set for October to pick joint-venture partners for national oil company Pemex in seven onshore areas.

Callon Petroleum Tweaks Guidance Following Multibillion-dollar Permian Sale

Callon Petroleum also confirmed the sale of its noncore Permian asset in the southern Midland Basin to Houston-based independent Sequitur Energy Resources.

Marketed: Maverick Natural Resources Central Basin Platform Winkler County, Texas

Maverick Natural Resources retained EnergyNet for the sale of Permian assets in Winkler County, Texas, within the Central Basin Platform through an auction closing June 26.

Policy & Regulations

US Green Groups Ramp Up Legal Attacks On Federal Oil Leases

The so-called ‘keep it in the ground’ movement has a new strategy--burying the administration in formal written protests and lawsuits challenging nearly every oil and gas lease it plans on public land.

Oil Edges Above $62 As OPEC Cuts Counter Growth Concerns

Russia signals it may support extended supply cut with OPEC.

First Job In Sight For SBM In Brazil After Corruption Scandal

SBM did not disclose terms. The structure is designed to produce 180,000 barrels of oil per day, and have a minimum storage capacity of 1.4 million barrels of crude oil, SBM said.

Oil And Gas Operations Can Benefit From Opportunity Zone Tax Breaks

While attention has focused on the legislation’s real estate aspect, energy companies can benefit, too.


Senate Bill Would Impose Sanctions On Nord Stream 2 Builders, Investors

Barrasso, from gas-producing Wyoming, seeks to hamper Russia-to-Germany pipeline.

Strait Of Hormuz And The Risk Of Uncontrolled Escalation

Two oil tankers were attacked and left adrift on Thursday in the Gulf of Oman, just south of the entrance to the strait, stoking fears of a new confrontation between Iran and the United States.

Alberta Government In Talks About Offloading Crude-By-Rail Contracts

Newly elected premier says deals are bad for taxpayers.

Williams Joins ONE Future Methane-Reduction Industry Group

Pipeline giant is the 17th member of coalition dedicated to cutting emissions across the natural gas value chain.