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LIBOR Phase-Out: Considerations For Oil, Gas Companies
With more than $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization.
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MarketsSee More
Frac Spread: Economy Wobbles … Will It Fall Down?
The Mont Belvieu NGL ‘barrel’ joins global crude oil, the stock markets and the Chinese and German economies on a bad news binge.
BP Publishes LNG Contract Templates To Push Industry Standardization
lobal oil and gas major BP has published its master sales and purchase contract templates for its liquefied natural gas (LNG) trading business and says it is the first of its peers to do so.
Trump Promises More Big Energy Projects At Pennsylvania Shell Cracker
President Donald Trump told workers on Aug. 13 at a $6 billion petrochemicals plant being built in western Pennsylvania that more big U.S. energy projects were coming as his administration rolls back environmental regulations.
Lukoil's Hydrocarbon Output Rises 2.8%
Oil production, excluding the project, totaled 42.6 million tonnes for the half year, up 1.3% year-on-year.
BusinessSee More
LIBOR Phase-Out: Considerations For Oil, Gas Companies
With more than $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization.
German Energy Firm To Build $500 Million South Texas Wind Farm
E.ON said it had had already sold nearly half of the subscription rights for the 440-megawatt wind farm to Austin Energy, the Texas city’s community-owned electric utility.
Woodside Petroleum’s Profit Falls On Pluto LNG Production Delay
Australia's largest oil and gas company, Woodside Petroleum, on Aug. 15 posted a smaller half-year profit and cut its interim dividend, mainly due to extended maintenance period at its Pluto LNG facility, which led to production delays.
Martin Midstream Divests East Texas Pipeline Idle Since 2018
The divestiture of the East Texas Pipeline follows a strategy set forth by Martin Midstream last year to delever the balance sheet and simplify its portfolio through noncore asset sales.
TechnologySee More
Examining Microgrids As Oilfield Power Alternatives To Boost Flexibility, Reliability
Oil and gas operators have shown a growing interest. Are they worth the investment?
Weatherford Automated Connection Integrity System Reaches Deployment Milestone
Weatherford's Vero automated connection integrity system, which applies AI to validate well integrity with absolute certainty and minimize safety risks, has completed 15,000 tubular connections in 50 operations worldwide since its market debut.
Seadrill Venture In $656 Million Qatar Rig Contract
Seadrill and Gulf Drilling International (GDI) have formed a jointly owned rig firm to conduct exploration on behalf of Qatar Petroleum from 2020 to 2024, Seadrill said late on Aug. 15.
Data Gumbo Moves Into Permian With Antelope Water Management Blockchain Network Deal
This is the industry’s first use of a blockchain platform for total water management services in U.S. shale plays.
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E&P Momentum: Let’s Take A Powder
E&Ps established viable economics for Powder River tight sand plays during the past half-decade. In 2019, they plan to do the same for source-rock Niobrara and Mowry shales.
Best Of This Week’s Drilling Activity Highlights (Aug. 9, 2019)
Powder River Basin exploratory tests, Continental Resources Meramec well and an offshore Norway discovery top this week’s drilling activity highlights from around the world.
Stratas Insights: Crisis In North America Shale
With second quarter results hitting the wires, a few key items are weighing on shalers: layoffs, reductions in capital spending and less than exciting well results.
Murphy Oil Sanctions GoM Floating Production Facility
The King’s Quay final investment decision follows the recent sanctioning of the Samurai field development in the U.S. Gulf of Mexico.
TransactionsSee More
Vermilion Cliffs Secures Financing For Permian Basin Acquisition
The financing was provided by Anvil Capital, a New York-based firm aiming to be an alternative capital solution for E&Ps in the current capital-constrained environment.
Marketed: Wolfcamp Shale Nonop Interest, Reeves County, Texas
An affiliate of Raisa Energy retained EnergyNet for the sale of Wolfcamp Shale assets within the Permian Basin in Reeves County, Texas, through an auction closing Aug. 28.
Marketed: Sierra Resources South Texas Olmos Liquids-Rich Leasehold
Sierra Resources retained Detring Energy Advisors for the sale of a roughly 24,000 net-acre contiguous, operated position in the liquids-rich Olmos trend in La Salle and McMullen counties, Texas.
Marketed: Oklahoma Oil And Gas Royalties, ORRI Properties
ELR Production retained EnergyNet for the sale of Oklahoma properties including royalty interest and overriding royalty interest through multiple auctions closing Aug. 27-28.
Policy & RegulationsSee More
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IndustryVoice: Creating Energy Industry Accountability Around Climate Goals
As the industry sets climate-related goals, energy leaders will need to balance investor interests and develop a sound reporting framework.
US Loses Bid To Seize Iranian Tanker In Gibraltar
Last-minute application to seize oil vessel is rejected by territory’s supreme court.
Gibraltar Denies Iranian Report That Tanker Will Be Released Soon
The Iranian vessel was seized on July 4, with Iran accused of violating sanctions by shipping oil to Syria.
Trafigura In Ship Fuel Venture With Frontline, Golden Ocean
Frontline and Golden Ocean will acquire 15% and 10% interests in the joint venture respectively, while commodity trader Trafigura will contribute its existing physical bunkering activities and own the remaining 75%.
MidstreamSee More
There’s Crude Oil And There’s Crude Oil
Government rules stipulate obligations and costs for information on differing crude oil streams.
EPIC Announces Long-Term Transportation Agreements
Company will build two pipelines for ethane steam cracker to deliver to Markham, Texas.
First Permian Crude Export Almost Ready To Depart Corpus Christi
NuStar plans to load the shipment this weekend, following completion of the Cactus II pipeline system.
Crestwood Starts Commercial Operations At Bear Den II
Gathering records have been set on the Arrow system in the Bakken.
