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E&P Production Tech Spotlight: Diagnosing Flow Downhole

Technology

E&P Production Tech Spotlight: Diagnosing Flow Downhole

Production logging is an essential resource for managing well and reservoir performance, but traditional methods only see half the picture.

E&P Last Word: Empowering the Back Office

Exploration & Production

E&P Last Word: Empowering the Back Office

The choice of accounting software may be holding back oil and gas companies from unlocking significant costs savings and efficiency gains.

E&P Operator Solutions: Methane Measurement Understanding the Big Picture

Methane

E&P Operator Solutions: Methane Measurement Understanding the Big Picture

By establishing a good strategy for emissions management, oil and gas operators can bring an end to the never-ending chase of identifying and fixing leaky systems.

MarketsSee More

oilcuts

Kremlin: Putin, Saudi Crown Prince Agree Further Coordination on Oil Output Cuts

Online OPEC+ conference will discuss production reduction in mid-June.

LNG Exports Drop 41%

Cargoes have been canceled as the pandemic cuts into demand worldwide.

traffic

Demand Rise, Output Cuts Could Mean Oil Market Balance in June

Analysts, banks cite a return to traffic congestion around the world.

At Closing

Oil and Gas Investor At Closing: Looking for the ‘V-shape’

We have to bet on pent-up demand. The recovery appears to be ‘V-shaped’ in most markets. We hope to see that in the energy world as well.

BusinessSee More

Buddy Clark Executive Q&A: Chapter 2020

Buddy Clark Executive Q&A: Chapter 2020

Energy banking in a pandemic that has diminished global oil and gas demand by at least 25%? A 38-year energy finance attorney and author of a history of oil and gas finance describes what the space looks like today.

United States Oil Fund Reportedly Faces Probes into Risk Disclosures to Investors

United States Oil Fund LP, the country's largest crude exchange-traded fund, is being investigated by U.S. regulators over whether its risks were properly disclosed to investors, Bloomberg reported.

Ovintiv President Michael McAllister to Retire

Upon Michael McAllister’s retirement, CEO Doug Suttles will assume the responsibilities of president at Denver-based Ovintiv Inc., formerly known as Encana.

Occidental Petroleum Cuts Dividend Again, Now to 1 Cent

Occidental Petroleum’s shares were down 5% after the news and have lost nearly 70% of their value this year.

TechnologySee More

Source: BPX; photo by Yesenia Rodriguez

Cracking the Shale Code

The hard-learned lessons of the past decade can shape shale’s future.

US Treasury Unveils Rules for Carbon Capture Tax Credits

The U.S. Treasury Department has released rules guiding how companies use a federal tax credit designed to spur investment in carbon capture and sequestration projects.

Aker BP Contracts Optime’s New Remote Tubing Hanger Technology

Aker BP will be the first user of the new technology Optime Subsea has developed that removes umbilical controlled tubing hanger operations, the company said on May 29.

TGS Commences Atlantic Margin 20 3D Survey

TGS, a leading provider of multiclient geoscience data for E&P companies, said May 27 that it has commenced the acquisition of its Atlantic Margin 20 (AM20) 3D multiclient seismic project offshore north-west Europe.

Exploration & ProductionSee More

(Source: Shutterstock.com/Hart Energy)

SPE Panel Debates Best Candidates for Shut-ins

Financial obligations and disposal costs are among the considerations for determining which wells to take offline.

Colorado School of Mines Researchers Unveil Reservoir Characterization Study Results

Colorado School of Mines Researchers Unveil Reservoir Characterization Study Results

Research from this year’s Colorado School of Mines’ Reservoir Characterization Program includes a field project in the Eagle Ford Shale conducted in Gonzales County, Texas.

Burning Tree State Pumpjack

Born in the Bakken

U.S. tight rock oil production exceeded 9 million barrels per day in March, according to the U.S. Energy Information Administration. The story began 20 years ago in Richland County, Mont., with a prospector, two wildcatters, Halliburton and a bold venture: land a lateral in the middle Bakken—and frac it.

(Source: Shutterstock.com)

US Energy Department Continues Efforts to Help Oil Companies

Companies of all sizes have been coping with lower oil prices caused by a supply-demand imbalance fueled by the global COVID-19 pandemic.

TransactionsSee More

A&D Trends: Climate for Oil Deals at Historic Lows

A&D Trends: Climate for Oil Deals at Historic Low

Negative oil futures aren’t the only drag on deals. History, replete with examples of how to deal with bad times, is being made right now.

Marketed: EnerVest Nonop Nora Field Natural Gas Opportunity

EnerVest Energy Institutional Fund XIV-1A LP has retained Detring Energy Advisors to market for sale a 15% nonoperated position in its Nora Field assets located in Virginia and West Virginia.

Occidental Petroleum Sued by Investors over Anadarko Merger

Occidental Petroleum has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices.

Energy A&D Transactions from the Week of May 27, 2020

Here’s a snapshot of recent energy deals including the closing of EQT’s $125 million asset sale in Appalachia to Diversified Gas & Oil.

Policy & RegulationsSee More

Permian Basin Gas Pollution Halves in Upside of Oil Crash

Permian Basin Gas Pollution Halves in Upside of Oil Crash

Fall in crude oil demand leads to temporary environmental respite as flaring declines in the prolific Permian Basin.

Investors, Scientists Urge IEA Head to Take Bolder Climate Stance

Groups want the organization to align its June report with Paris accord goal.

Norway Plans $369 Million Green Industry Investments

The Norwegian government proposes spending 3.6 billion Norwegian crowns (US$369 million) on investments to make its economy greener as it gradually emerges from coronavirus lockdowns, the government said on May 29.

Chevron Shareholders Approve Push for More Transparency on Climate Lobbying

Chevron shareholders on May 27 voted to approve a proposal demanding that the company issue a report on its climate change related lobbying activities.

MidstreamSee More

saudi

COLUMN: US Crude Stocks Swell as Saudi Tankers Unload

If the increase is a one-off, it won’t affect a market that is quickly rebalancing.

Pipeline Operator Energy Transfer Warns of Coming Job Cuts

Marshall McCrea, chief commercial officer for Dallas-based Energy Transfer, said in a recorded message to employees the cuts would begin June 1 and affect about 6% of the company's staff.

Flurry of US Gulf Coast Crude Export Fixtures Offers Glimmer of Hope

Commodities merchant Trafigura and Occidental Petroleum are among companies looking to book vessels to ship crude from the U.S. Gulf Coast to Asia, one shipbroker said.

nord

Senators Weigh Additional Sanctions on Russia’s Nord Stream 2

Shaheen, Cruz consider broadening the scope of their sanctions legislation.