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(Source: Blackline Safety)

Exploration & Production

E&P Plus Digital Solutions: AI-powered Gas Leak Detection Technology Improves Workplace Safety

The new AI module provides pattern-finding automation for gas leak detection.

Oil and Gas Investor A&D Trends: Fools, Liars, Charlatans

Business

Oil and Gas Investor A&D Trends: Fools, Liars, Charlatans

The oil and gas industry was not sunk, but 2020 did damage that will take time to assess before deeming it as salvageable or a wreck.

Oil and Gas Investor Frac Capacity Trends: Pressured Pumpers

Business

Oil and Gas Investor Frac Capacity Trends: Pressured Pumpers

As well completions companies gear up for a new year following unprecedented times in the oil patch, analysts and industry executives shed light on the path ahead. Is this beleaguered sector regaining strength or just powering through?

MarketsSee More

IEA Cuts Oil Demand Outlook Due to COVID-19 Resurgence

IEA Cuts Oil Demand Outlook Due to COVID-19 Resurgence

The emergence of new strains of the virus, renewed lockdowns in China and logistical hurdles facing vaccine roll-outs contributed to the gloomier oil demand outlook by the IEA.

IEA: Oil Market Outlook Clouded by Vaccine Roll-Out Variables

Pace and response to vaccines add uncertainty to planning, says agency analyst.

Oil Prices Rally Further after US Inventory Drop

Both crude oil benchmarks are trading at the highest since February 2020, before the coronavirus outbreak in China began spreading across the world and billions of people went into lockdown.

EIA: US Natural Gas Output, Demand to Fall for Second Year in 2021

If the EIA outlook is correct, 2021 would be the first time U.S. natural gas output falls for two years in a row since 2005, and 2022 would be the first time consumption falls for three consecutive years since 1983.

BusinessSee More

PATH FORWARD: KPMG’s U.S. Head of Energy on Investor Expectations for Energy Transition

PATH FORWARD: KPMG’s New US Head of Energy Angie Gildea on Navigating 2021

Angie Gildea, who was recently named the U.S. national sector lead for KPMG’s energy business, sat down with Hart Energy’s Jessica Morales to talk about key areas the oil and gas industry should focus on in the year ahead.

NGL Energy Partners Provides Update on Extraction Bankruptcy

Extraction Oil & Gas is a customer of Grand Mesa Pipeline, a subsidiary of NGL Energy Partners that provides takeaway capacity for crude oil producers in the D-J Basin where Extraction’s operations are focused.

Oil Billionaire Takes Active Stake in Hard-hit ProPetro

Prominent shale investor Dan Wilks on Jan. 19 reported a 7.5% active stake in troubled oilfield services firm ProPetro Holding Corp. through an investment vehicle.

SEC Launches Probe of Exxon Mobil on Permian Basin Asset Valuation

Several people involved in valuing the Exxon Permian Basin asset during an internal assessment in 2019 said employees were being forced to use unrealistic assumptions, according to a report from the Wall Street Journal.

TechnologySee More

ChampionX

E&P Plus Company Spotlight: ChampionX CEO Talks R&D, Digitalization, Energy Transition

Soma Somasundaram, president and CEO of ChampionX, shares details about how the company battled through 2020, its ESG efforts, digital technologies and current R&D projects.

Halliburton Profit Beats Estimates on Cost Cuts, Demand Recovery

Halliburton Co. posted a better-than-expected fourth-quarter profit on Jan. 19, buoyed by cost cuts and a recovery in demand for oilfield equipment and services after last year’s industry slump.

Equinor

Equinor Awards Wireline Services Deals to Altus, Archer

Altus Intervention AS and Archer Integrated Services AS have been awarded framework contracts on Jan. 19 for supplying integrated wireline services within well intervention to Equinor’s fixed platforms.

Chevron Invests in Carbon Capture Startup Blue Planet Systems

Chevron and San Jose-based Blue Planet also signed a letter of intent to collaborate on potential pilot projects and commercial development in some geographies.

Exploration & ProductionSee More

Oceaneering International Inc. CEO Rod Larson speaks Jan. 14 during an SPE Live virtual session. (Source: SPE Live/YouTube)

Oceaneering CEO Rod Larson Talks Energy Transition

The oil and gas industry should be part of the conversation, given some of the expertise it brings to the table, according to Oceaneering CEO Rod Larson.

Barclays' annual E&P global spending survey forecasts another decline for 2021, though not as deep as 2020. (Source: Blue Planet Studio/Nattawit Khomsanit/Shutterstock.com)

Barclays Forecasts Slight Uptick in Global E&P Spending

Some parts of the world are poised to see spending growth, while others remain in recovery mode during a “transition year” for the oil and gas industry.

Marc Morrison

E&P Plus Special Report: US Shales Scorecard

An in-depth analysis shows what went right and what didn’t in 2020 and the game changer that could push each major North American shale basin into prosperity in 2021.

Judge Denies Effort to Stop Arctic Refuge Drilling Auction

Environmental groups had sought a preliminary injunction against drilling in the Arctic National Wildlife Refuge.

TransactionsSee More

Oil and Gas Investor A&D Trends: Fools, Liars, Charlatans

Oil and Gas Investor A&D Trends: Fools, Liars, Charlatans

The oil and gas industry was not sunk, but 2020 did damage that will take time to assess before deeming it as salvageable or a wreck.

EIV Capital, ARM Energy Launch Upstream Investment Platform

Led by industry and investment veteran Claire Harvey, ARM Resource Partners will focus on acquiring passive oil and gas interests across the Lower 48.

Marketed: Unit Petroleum Operated Kansas Properties

Unit Petroleum retained BOK Financial Securities for the sale of producing operated properties and associated water and gathering lines in central Kansas.

Total to Buy $2.5 Billion Stake in Adani Green Energy

Total is paying $2.5 billion for a share in India's Adani Green Energy and its solar power assets, in what the French company said was its biggest investment yet in renewables.

Policy & RegulationsSee More

Occidental Petroleum Claims Green Push ‘Does More Than Tesla’

Occidental Petroleum Claims Green Push ‘Does More Than Tesla’

Occidental Petroleum pumps more CO₂ into the ground than carmaker Tesla prevents being emitted on roads, CEO Vicki Hollub says.

Trump Administration Issues Last-minute Drilling Leases in Arctic Refuge

Formal issuance of the leases in Alaska's Arctic National Wildlife Refuge came a day before the inauguration of Democratic President-elect Joe Biden, who has pledged to ban new oil and gas leasing on federal lands.

OPEC ‘Cautiously Optimistic’ Oil Market Will Recover in 2021

Oil prices have rallied to an 11-month high this month, helped by a Jan. 5 decision by most members of OPEC+ to hold production steady in February and a pledge by Saudi Arabia to voluntarily cut output.

Report: Methane Emissions from Oil, Gas Production Fell 10% in 2020

In 2020, oil and gas operations emitted over 70 million tonnes of methane, or around 10% less than in 2019, the IEA says.

MidstreamSee More

TC Energy

Oil and Gas Industry Stung by Biden’s Expected Blow Against KXL

Analysts wonder if the timing portends trouble for infrastructure projects by the oil and gas industry with the new administration.

Nord Stream 2

Report: Nord Stream 2 Delays Resuming Construction

An official says that the pipeline’s construction will not resume, even with permission from Denmark.

Tellurian Aims for Louisiana LNG Construction Start This Summer

Driftwood will help meet soaring demand for LNG, says co-founder Souki.

Panama Canal LNG Vessel Bottleneck Could Last until March

Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said on Jan. 14, although the canal’s regulator said it had made changes to speed up transit.