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MarketsSee More

EIA-IEO

EIA Outlook Points to Growing Energy Demand, Rising Emissions

The EIA projects renewable energy use grows to nearly the same level as liquids fuel by 2050, accounting for 27% of 2050 global energy consumption.

Saudi Arabia Energy Minister Dismisses Calls for Extra OPEC+ Barrels

OPEC and allies led by Russia, collectively known as OPEC+, have done a “remarkable” job acting as “so-called regulator of the oil market,” says Saudi Arabia energy minister Prince Abdulaziz bin Salman.

Cheniere to Sell LNG to China’s ENN in Long-term Deal

This is the first major binding deal for natural gas between the U.S. and China since a long-standing trade war which brought gas trade between both countries to a temporary standstill.

Oil Prices Surge on Global Energy Crunch, WTI Jumps $2 to $81.35

Oil prices in the U.S. were up $2 at $81.35/bbl, the highest since late 2014. WTI crude rose 4.6% through Oct. 8.

BusinessSee More

Unstoppable Devon: Executive Q&A with CEO Rick Muncrief

Unstoppable Devon: Executive Q&A with CEO Rick Muncrief

When Devon Energy Corp. and WPX Energy Inc. merged to combine strengths during the 2020 downturn, they proved one plus one equals three times the value. Looking ahead, could the new company be the next E&P juggernaut?

US $500 Million Joint Venture Aims to Curb Climate Change with Forest Investments

The JV with Oak Hill Advisors, called Bluesource Sustainable Forests Co., aims to purchase and more sustainably manage more than one million acres of forests in North America.

Shell Flags $400 Million Hit from Hurricane Ida to Earnings

However, in an update ahead of quarterly results this month, Shell also flagged a boost to cash flows from soaring natural gas and electricity prices.

TPH Founders Bobby Tudor, Maynard Holt To Retire

As part of the succession process, Chad Michael will become president of Tudor, Pickering, Holt & Co. He joined the firm in 2007 and, earlier this year, was named co-head of investment banking, the memo said.

TechnologySee More

Expro’s Octopoda Achieves World Record Depth for Annular Intervention

Expro’s Octopoda Achieves World Record Depth for Annular Intervention

The Octopoda system successfully reached 300 m in the annulus, a world record depth, and sealed the C annulus of the well.

ION Launches New Modules to Climate-smart Platform Marlin SmartPort

The company launched two new Marlin SmartPort modules: the Agent Portal enables agents and vessels to access a wealth of real-time information and ION’s Billing Management module captures a time stamp of all billable port activities that can be integrated into existing financial systems.

Aker Solutions, DeepOcean, Solstad Offshore Create Offshore Renewables Alliance

The alliance will be able to offer product deliveries, fabrication services as well as marine and subsea operations and associated engineering services within offshore renewables industries.

Halliburton Introduces iStar Intelligent Drilling, Logging Platform

New generation of services provides enhanced subsurface insight, superior drilling performance, and consistent well delivery.

Exploration & ProductionSee More

Shutterstock

What Higher Gas Prices Mean for US Shale This Winter

Gas prices have rallied, but what will be the implications for the North American shale market in the months ahead?

EU To Seek Ban on Oil, Gas Exploration in the Arctic

The European Commission proposal reflects the EU's efforts to boost its role on the global stage, though it has limited influence in the Arctic.

US-shale-DUCs

Analysts Warn of Dead DUC Headwinds Ahead for US Shale

Shale producers must increase capex in 2022 to keep oil and gas production from falling as the inventory of drilled but uncompleted wells decrease, analysts say.

PDC Energy Receives First Approved Permit under New Rulemaking for Weld County Wellpad

PDC Energy Inc. has received approval from the Colorado Oil and Gas Conservation Commission (COGCC) for its Spinney Oil and Gas Development Plan (OGDP) permit application, the company said on Oct. 6.

TransactionsSee More

Warburg’s Citizen Energy Expands in Oklahoma with $153 Million Bolt-on

Warburg’s Citizen Energy Expands in Oklahoma with $153 Million Bolt-on

Warburg Pincus-backed Citizen Energy agreed to acquire from an undisclosed seller 28,000 net acres described as a “gas-rich, bolt-on acquisition” to the company’s existing Anadarko Basin footprint.

Icahn Seeks Control of Southwest Gas after It Proceeds with Questar Pipelines Acquisition

Activist investor Carl Icahn said he worries Southwest Gas will issue stock at “ridiculously low prices to ‘cherry picked’ friends who will be blindly supportive of CEO John Hester.”

Marketed: Operated Well Package in Wyoming’s Campbell County

Petrox Resources Inc. retained EnergyNet for the sale of operated interests in producing assets in Wyoming’s Campbell County through an auction closing Oct. 27.

Marketed: Pivotal Petroleum Partners D-J Basin Nonop, Mineral Assets

Pivotal Petroleum Partners LP retained Eagle River Energy Advisors LLC for the sale of certain nonoperated working interest and mineral assets and associated lands across Colorado’s Weld County within the D-J Basin

Policy & RegulationsSee More

Why You Shouldn’t Count Colorado Oil and Gas Out

Why You Shouldn’t Count Colorado Oil and Gas Out

With a rigorous regulatory and environmental framework, here’s why oil and gas producers in the Centennial State have a key role to play in the “clean energy future,” according to Dan Haley, CEO of the Colorado Oil and Gas Association.

US, EU Line Up over 20 More Countries for Global Emissions Pact

The U.S. is due to release oil and gas methane emissions regulations in the coming weeks, and the EU will unveil detailed methane legislation later this year.

White House Stands by Calls for OPEC+ to Do More on Oil Prices

A White House official said the Biden administration was closely monitoring the cost of oil and gasoline and “using every tool at our disposal to address anti-competitive practices in U.S. and global energy markets to ensure reliable and stable energy markets.”

Saudi to Supply Additional Crude to Some Asian Refiners in November

Saudi Aramco has agreed to supply additional crude to at least three Asian buyers in November, while meeting full contractual volumes for four others, sources with knowledge of the matter said on Oct. 11.

MidstreamSee More

The midstream project harvest experienced a lean Autumn. (Source: Hart Energy; Maksim Safaniuk, John Brueske/Shutterstock.com)

Midstream Project Update: A Lean Harvest

EPIC Y-Grade’s super system and other midstream projects move forward but PennEast finally calls it quits.

Kinder Morgan Delays Restart of Southeast Pipeline Due to Flooding

Kinder Morgan’s Products (SE) Pipe Line, which was shut Oct. 1 after a leak was discovered, spans from Louisiana to Virginia and has the capacity to carry more than 700,000 bbl/d of gasoline, jet fuel and diesel.

New NGL Super-System Launches Serving Permian, Eagle Ford Producers

New NGL Super-System Launches Serving Permian, Eagle Ford Producers

EPIC Y-Grade LP has completed its 165-mile pipeline from the EPIC Robstown, Texas, fractionation complex, to the Sweeny fractionation and storage complex, which includes Phillips 66 and Chevron Phillips Chemical, the company said on Oct. 5.

In a deal blasted by activist investor Carl Icahn, Dominion Energy sold Questar Pipelines to Southwest Gas for almost $2 billion. (Source: Hart Energy; GANJIRO KUMA ,63ru78, Olha Yefimova/Shutterstock.com)

Dominion Energy Sells Questar Pipelines to Southwest Gas for $2 Billion

Activist investor Carl Icahn blasts the Questar Pipeline transaction, which follows the terminated deal with Berkshire Hathaway.