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Newpark pressure pumping

Completions

Specialized Chemistry Increases Sustainability of Traditional Hydraulic Fracturing

Newpark’s brine-tolerant stimulation fluids allow the utilization of saltier fracking water without operational or environmental problems. 

SPM Oil & Gas - artificial lift

Artificial Lift

Artificial Lift: HP/HT Pollution Control

As operators seek to optimize their existing investments, advances in artificial lift technologies are becoming increasingly important. Today’s wells are deeper and longer than they’ve ever been—and in more extreme environments—pushing the limits of conventional artificial lift technologies.   

Oil and Gas Investor Play-by-play: Powder River Basin Promise

Business

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.

MarketsSee More

When global peak oil demand arrives, likely between 2029 and 2033, the ability of OPEC to dictate oil prices will be severely reduced. (Source: Hart Energy; ZASIMOV YURII, Magi Bagi/Shutterstock.com)

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.

The demand for power has broken records in Texas during the recent heatwave. (Source: Hart Energy; Dervish45, Kengi, VitaminCo/Shutterstock.com)

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

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 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

Na Kika platform-Manuel-BP

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-oil-gas-energy-transition-V-Belov-Shutterstock

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.

Guyana-oil-discovery

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.

CCS-Talos-Gulf-of-Mexico-oil-refineries-Roschetzky Photography-Shutterstock

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

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

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

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.