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Markman
Hart Energy
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Exploration & Production
Expert: When Peak Oil Demand Arrives, OPEC’s Power Will Fade
Harvard researcher explores the linear progression of oil intensity and GDP.
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MarketsSee More
Expert: When Peak Oil Demand Arrives, OPEC’s Power Will Fade
Harvard researcher explores the linear progression of oil intensity and GDP.
US Crude Oil Stockpiles Drop Sharply: Report
Analysts said the 7.4 million-barrel drawdown in crude stocks in the week to June 11 to 466.7 million barrels, the fourth consecutive weekly decline, augurs for improved demand in coming weeks.
Texas Power Demand to Keep Breaking June Records in Heatwave
Grid operator urges consumers to keep conserving energy.
US Natural Gas Futures Hold Near 7-month High
Even with warmer weather on the horizon, Refinitiv projected average gas demand would hold around 89.9 Bcf/d this week and next as rising prices prompt power generators to burn more coal and less gas to keep air conditioners humming.
BusinessSee More
Oil and Gas Investor Play-by-play: Powder River Basin Promise
The stacked pay basin has tantalized oil and gas producers as technical advances started to tame high variability, costs and frustrations.
US LNG Developer NextDecade Appoints Ivan Van der Walt as COO
NextDecade also noted the management experience of newly appointed COO Ivan Van der Walt on multiple LNG projects over his nearly 30 years of experience in the global energy industry.
Social Media Boost Drives Torchlight Energy Shares Up as Much as 74%
Torchlight Energy was among the most discussed stock on trading-focused social media site Stocktwits, a platform commonly seen as a measure of interest from retail investors.
Devon Energy Sets Target to Eliminate Routine Flaring
Devon Energy said reducing flared volumes, in particular, will play a key component in the company’s broader emissions reduction strategy to achieve net-zero greenhouse gas emissions by 2050
TechnologySee More
Schlumberger Takes Lead on Net-zero Ambition with Scope 3 Commitment
Schlumberger’s net-zero carbon emissions ambition will also address its customer emissions, which account for 75% of the energy service company’s baseline greenhouse-gas footprint.
TGS Launches 3D Seismic Imaging Program in US Gulf of Mexico
TGS, a global provider of energy data and intelligence, on June 21 revealed Sophies Resolve Refocus 3D, an OBC and NAZ imaging program in the U.S. Gulf of Mexico (GoM).
Kuwait Oil Company Selects Halliburton for Digital Transformation Projects
Projects expand collaboration across all Kuwait fields to increase production and recovery.
DNV Partnership to Develop Hydrogen Projects in Singapore
DNV and partner Keppel Offshore & Marine aim to explore safe implementation of potential new technologies, working jointly with relevant governmental agencies to promote the introduction of hydrogen as an energy source in the Singapore market.
Exploration & ProductionSee More
BP Starts Production at Deepwater Gulf of Mexico Project
The successful startup of BP’s Manuel subsea development in the U.S. Gulf of Mexico comes as the company continues its ‘resilient hydrocarbons’ pursuit.
Norway Not Ready to Let Go of Oil, Gas in Push for Greener Energy
Europe’s second largest oil and gas producer will continue to hold regular licensing rounds, offering exploration acreage to energy firms, the government said.
Exxon Mobil Makes 20th Discovery Offshore Guyana
The company said June 9 the Longtail-3 well encountered 230 ft of net pay, but Koebi-1 was deemed non-commercial.
Talos Energy Jumps into Carbon Capture Storage with JV
The Gulf of Mexico is believed to have more than 30 gigatons of available CO2 storage, according to Talos.
TransactionsSee More
Oil and Gas Investor A&D Trends: Street Fighter
The hacking of the Colonial Pipeline and its subsequent shutdown in May unleashed one of the worst spills of schadenfreude in modern history.
Marketed: ConocoPhillips Chittim Ranch Waterflood, Maverick County, Texas
ConocoPhillips Co. retained Detring Energy Advisors for the sale of its Chittim Ranch waterflood properties, which include a 30,000 net-acre position in Maverick County, Texas that is 100% HBP.
Marketed: SM Energy Permian Basin Assets, Howard and Martin Counties, Texas
SM Energy Co. retained EnergyNet for the sale of two separate asset packages in the Permian Basin across Howard and Martin counties, Texas, through sealed-bid offerings closing July 7.
EIG-led Group Closes $12.4 Billion Deal to Buy Aramco Pipeline Stake
The acquisition comprised of a 49% equity stake in Aramco Oil Pipelines Co., a newly formed entity with rights to 25 years of tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network.
Policy & RegulationsSee More
Oil and Gas Investor Energy Policy: Science and Reality
Let’s hope policy aligns ambitious energy and climate goals with science and the realities of the energy complex.
Iran Stores More Oil on Tankers Ahead of Nuclear Deal with US
If and when the administration of U.S. President Joe Biden and the Iranian government agree to a deal that results in the lifting of sanctions, Iran plans to increase output to 3.8 million bbl/d from the current 2.1 million bbl/d, according to oil ministry officials.
Biden Administration Reviewing Order to Resume Oil Lease Sales
U.S. Interior Secretary Deb Haaland reiterated that her department is still planning to release a comprehensive review of the country’s oil and gas leasing program by late summer.
Federal Judge Halts Biden’s Pause on Oil and Gas Leasing
The Interior Department said it would comply with the ruling by a federal judge in Louisiana, but did not say when oil and gas leasing on public lands might resume.
MidstreamSee More
Tellurian Proposes New Louisiana Pipeline to Bypass ‘Constrained’ Pathway
As part of the design, Tellurian is also proposing to deploy technology, which it said will reduce the pipeline’s CO₂ emissions by more than 99%.
TC Energy Launches Carbon Capture Project to Serve as Backbone of Climate Goals
The announcement comes on the heels of the formally announced Oil Sands Pathways to Net Zero initiative by a group of Canadian oil and gas producers, which analysts say screens favorably for the project.
Empire Midstream Acquires Gulf of Mexico Pipeline from Shell
The pipeline is the Auger 12-inch line which runs approximately 33 miles from the Garden Banks 128 Platform A to a downstream subsea tie-in into the Eugene Island Pipeline System.
Williams Signs Deepwater Export Agreement for Gulf of Mexico Field
Williams said it reached an export agreement with Beacon Offshore and its co-owner for the Shenandoah deepwater oil field through its Discovery infrastructure in the central Gulf of Mexico.
