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Investment

Qatar To Launch Energy-Focused Islamic Bank With $10 Billion Capital

Lender would fund private and government energy projects domestically and internationally.

Lease Sales

Marketed: Maverick Natural Resources Michigan Gas Assets

Maverick Natural Resources retained Houlihan Lokey for the sale of its conventional gas weighted assets located in the Michigan Basin.

Crude Oil

Venezuela Reported To Suspend Oil Exports To India

Russia and China are now the focus of Venezuela’s exports, PDVSA’s president is reported to say.

Public Capital

Shale Producers Carrizo, SM Energy Reportedly Weighing Merger

Carrizo Oil & Gas is reportedly considering a merger with rival U.S. shale producer SM Energy, according to a recent report by Bloomberg citing people familiar with the matter.

Lease Sales

Marketed: Nonop Interest In Producing Utica Shale Assets

Tracker Lario Utica and TLU Royalty Holdings retained EnergyNet for the sale of a nonoperated stake in producing Utica Shale assets in Ohio through an auction.

Renewables

US Added Over 31 Gigawatts Of Electric Generating Capacity In 2018, Largest In 15 Years: EIA

Natural gas accounted for 62% of utility-scale additions, while wind and solar photovoltaic represented 21% and 16%, respectively. Coal accounted for 69% of the 18.7 gigawatts that retired last year.

Trending Stories

More from Markets

What’s Affecting Gas Prices? (Week of March 19)

Warm weather cuts into demand, which should result in a 48 Bcf withdrawal this week.

Venezuela Reported To Suspend Oil Exports To India

Russia and China are now the focus of Venezuela’s exports, PDVSA’s president is reported to say.

HART ENERGY CONNECT: Power Company CEO Says Natural Gas, Renewables Make Great Companions-For Now

Paddy Padmanathan, CEO and president of ACWA Power International, believes renewables will pack a competitive punch to the oil and gas markets, but says that will take time.

Oil Prices Hover Close To 2019 Highs On OPEC Output Cuts, US sanctions

Oil prices were near 2019 highs on March 19, supported by supply cuts led by producer club OPEC.

More from Business

Report: E&P CEOs Salaries Rose 5% Last Year

Average total compensation for CEOs and CFOs at E&P companies increased last year vs. 2017 primarily due to the value of long-term incentives.

Qatar To Launch Energy-Focused Islamic Bank With $10 Billion Capital

Lender would fund private and government energy projects domestically and internationally.

Shale Producers Carrizo, SM Energy Reportedly Weighing Merger

Carrizo Oil & Gas is reportedly considering a merger with rival U.S. shale producer SM Energy, according to a recent report by Bloomberg citing people familiar with the matter.

Midstream Operator Tallgrass Energy Promotes COO Bill Moler To President

David G. Dehaemers Jr. will remain Tallgrass Energy’s CEO as a result of the promotion of Bill Moler to president, who will also retain his role as COO of the Leawood, Kan.-based midstream operator.

More from Technology

Full Immersion Industry Gets Religion On Produced Water

Volumes could reach 50 MMbbl/d in just the Permian; all options are on the table.

Shearwater Geoservices Bags Acquisition, Processing Contract In Turkey

GC Rieber Shipping ASA’s 20% owned geoservices company, Shearwater GeoServices, has been awarded a seismic acquisition and depth processing contract by Türkiye Petrolleri Anonim Ortakligi (TPAO) on March 19.

Full Immersion Industry Gets Religion On Produced Water

Volumes could reach 50 MMbbl/d in just the Permian; all options are on the table.

Wood Group Reaps Benefits From Amec Foster Deal

Wood Plc’s 2018 profit topped market expectations as the British oil field and engineering services provider trumpeted the success of its 2017 takeover of smaller rival Amec Foster Wheeler and increased revenue synergies from the deal.

More from Exploration & Production

EIA Report Shows More Growth Ahead For Permian, Appalachia

Permian oil production is expected to rise by 40,000 barrels per day to about 4.18 million barrels per day in April.

Brazil’s Lula Presalt Oil Field Nears Oil Production Milestone

Petrobras and partners have invested roughly US$30 billion in the exploration and development of the field.

Canada's Alberta Increases Crude Output Limit For May And June

The government said the increase in production limits comes as warmer weather reduces the amount of diluent needed to help oil sands bitumen flow through pipelines, increasing capacity.

Hurricane Energy Production Vessel Hooks Up To North Sea Oil Field

Hurricane Energy’s FPSO vessel has been connected to the group’s North Sea Lancaster oil field on March 19, another milestone for the group as it seeks to extract so-called fractured basement oil in Britain.

More from Transactions

Gas Drives Power And Distribution M&A

Having eclipsed coal as primary fuel, midstream deal flow dominates utilities.

Marketed: Maverick Natural Resources Michigan Gas Assets

Maverick Natural Resources retained Houlihan Lokey for the sale of its conventional gas weighted assets located in the Michigan Basin.

Shale Producers Carrizo, SM Energy Reportedly Weighing Merger

Carrizo Oil & Gas is reportedly considering a merger with rival U.S. shale producer SM Energy, according to a recent report by Bloomberg citing people familiar with the matter.

Marketed: Nonop Interest In Producing Utica Shale Assets

Tracker Lario Utica and TLU Royalty Holdings retained EnergyNet for the sale of a nonoperated stake in producing Utica Shale assets in Ohio through an auction.

More from Policy & Regulations

Opinion: That Year Climate Change Changed CERAWeek

An underlying theme of this year’s conference, whether by design or accident, certainly became about climate change and practical solutions to a polarizing problem.

Opinion: That Year Climate Change Changed CERAWeek

An underlying theme of this year’s conference, whether by design or accident, certainly became about climate change and practical solutions to a polarizing problem.

UPDATE:OPEC To Scrap April Meeting, But Hold Steady On Oil Output

OPEC and its non-OPEC partners need to reconsider if there is a need for a meeting in April, Saudi Arabia's energy minister said on March 18, adding that there was no pressure from the United States to increase supply.

Algeria PM Starts Talks On New Cabinet As Gas Field Workers Protest

lAgeria's newly appointed prime minister has started talks to form a new government, state media reported on Sunday, in a move designed to placate protesters demanding President Abdel Aziz Bouteflika and his inner circle step down.

More from Transport

Williams To Optimize Marcellus/Utica Midstream With $3.8 Billion JV

Williams unveiled a series of transactions on March 18 it expects will consolidate and optimize its midstream operations in the western Marcellus and Utica shale basins.

Midstream Operator Tallgrass Energy Promotes COO Bill Moler To President

David G. Dehaemers Jr. will remain Tallgrass Energy’s CEO as a result of the promotion of Bill Moler to president, who will also retain his role as COO of the Leawood, Kan.-based midstream operator.

Williams To Optimize Marcellus/Utica Midstream With $3.8 Billion JV

Williams unveiled a series of transactions on March 18 it expects will consolidate and optimize its midstream operations in the western Marcellus and Utica shale basins.

‘Scale And Quality’ In Produced Water Drove TPG Acquisition Of Goodnight

Big private-equity house is keen to build out from base of 1.4 million bbl/d disposal.