Darren
Barbee
Oil and Gas Investor
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US Oil Rig Count Falls as Gas Rigs Rise
Business
Midstream Sector’s Möbius Strip
For years, the midstream sector has managed to stay strong in weak oil and gas markets, but the unforeseen impacts of COVID-19 and the OPEC+ oil price shock have had a deep impact.
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MarketsSee More
Saudi Arabia Chafes at ‘False Promises’ on Oil Cuts from OPEC Partners
Moves to flout deal terms on oil cuts damage reputation of OPEC+, Saudi Arabia’s energy minister says.
As OPEC+ Meets This Week, UAE Emerges As Main Laggard
The United Arab Emirates has emerged as a major laggard in delivering oil output cuts in August, figures used by OPEC+ showed on Sept. 16.
IEA: Except for China, Oil Demand Recovery Slow for Rest of 2020
China’s COVID recovery has pushed its economy but the rest of the world lags.
Oil Industry Paints Grimmer Picture of Pandemic’s Harm to Demand
OPEC cut its outlook for demand in 2020, saying world oil demand would fall by 9.46 million bbl/d this year, an increase of 400,000 bbl/d from its previous report.
BusinessSee More
Energy Credit Alternatives: The ‘Shadow’ Banks
As commercial banks cautiously retrench—if not retreat—from energy, others have a growing appetite to provide debt solutions. Some call it rescue capital.
Study: Global Net-zero Emissions Goal Would Require $1-2 Trillion Yearly Investment
As a result of the energy transition needed, oil demand could be slashed from 100 million bbl/d in 2019 to around 10 million bbl/d by mid-century, the study said.
Quantum Energy Partners, Global Reserve Group Lead Financing Round of Datagration
“PetroVisor has already delivered game-changing financial results for many E&P companies and is ready to scale globally,” Datagration Executive Chairman Peter Bernard said in a statement.
Exxon Mobil Announces Winners of Power Play Awards
Second annual awards recognize women in the LNG business.
TechnologySee More
PATH FORWARD: Honeywell CTO on Remote Oilfield Tech, Data Analytics
Jason Urso, CTO of Honeywell Process Solutions, joined Hart Energy to explain the growing significance of remote technologies in the current environment in which oil and gas companies operate.
Wood Secures Kollsnes Gas Processing EPCI Contract from Equinor
Wood has secured a new $42 million contract from international energy company Equinor on behalf of operator Gassco to provide EPCI services at the Kollsnes gas processing plant in Norway, the company said on Sept. 17.
Brazos Midstream Selects Quorum Software to Streamline Data
Quorum Software (Quorum), the leader in digital transformation for the oil and gas industry, on Sept. 16 said that Brazos Midstream has selected its myQuorum TIPS gathering and processing solution to streamline data, simplify the settlement process and increase data accuracy.
Bristow Group Names Jennifer Whalen as CFO
Bristow Group Inc. has appointed Jennifer Whalen as senior vice president and CFO, effective on Sept. 16, 2020.
Exploration & ProductionSee More
E&P Industry Pulse: How Upstream Players Can Decarbonize with Positive Returns
An upstream oil and gas company’s detailed road map outlines how to design a cost-effective decarbonization strategy
Exxon Mobil, Partners Make 18th Discovery Offshore Guyana
The latest oil discovery was made by the Redtail-1 well in the southeast part of the Stabroek Block.
Oil Majors Work to Advance Offshore Wind Energy
Executives from Equinor, Shell, Total and WindEurope discuss how producers of oil and gas are transferring knowledge to offshore wind.
Industry Recovery: The Other Side
As the oil and gas industry regains strength following a tumultuous second quarter, companies could emerge anew.
TransactionsSee More
Permian Basin Operator Approach Resources Hitches Saddle to New Buyer
Bankrupt Permian operator Approach Resources appears to be headed toward a sale again—albeit for less than two-thirds of the original sales price.
EQT Reportedly Bids $750 Million for Chevron’s Appalachia Shale Assets
Chevron is marketing about 800,000 acres in the Marcellus and Utica shale plays of Pennsylvania and neighboring states and a 31% nonoperating interest in Laurel Mountain Midstream.
Industry Veteran Ted Williams Joins EnCore Permian as COO
Industry veteran Ted Williams will join EnCore Permian as partner and COO to lead its growing operations department as the Midland, Texas-based company transforms into an E&P company.
US Shelves Wyoming BLM Lease Sale Plans over Sage Grouse
BLM will instead sell eight parcels of oil and gas leases on more than 4,000 acres in the southeast corner of Wyoming, not located in sage grouse habitat, through the online auction platform EnergyNet.
Policy & RegulationsSee More
Methane Leak Technology Bolsters Oil Industry’s ESG Efforts
By providing details on emissions, oil and gas consultancy Kayrros helps companies to plug the leaks and impress investors.
CEO Group Supports Carbon Pricing to Fight Climate Change
Business Roundtable previously had no position on the subject.
California, 19 Other States, Sue Trump Admin for Weakening Methane Rules
The lawsuit targets two policy amendments announced by the Environmental Protection Agency in August that roll back methane emissions curbs on the oil and gas industry and weaken requirements for leak detection.
Ukraine: US Company Refuses to Cooperate over LNG Supply Deal
Louisiana exporter says Ukraine lacks a ‘serious desire’ for a long-term contract.
MidstreamSee More
Newspaper: Germany Offered to Build LNG Terminals to Avert US Sanctions
German finance minister made the offer in early August, before the sanctions were imposed.
Pennsylvania Orders Sunoco to Reroute Section of Mariner East 2
NGL pipe’s spill could its upgrade.
Western Midstream Announces Board, Management Transitions
Kenneth F. Owen, David J. Schulte and Lisa A. Stewart join as the Western Midstream board shrinks from 11 to 8.
Equitrans Considers Options Against EQT in Pipeline Dispute
Equitrans said that the 1.6 Bcf/d Hammerhead pipeline was, however, placed in-service on Aug. 1, after being completed and injected with initial line-pack—gas stored in a pipeline—provided by EQT in July.
