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Gulf of Mexico-discovery

Discoveries

BP, Partners Hit Oil at Puma West in GoM

Drilled to a total depth of 23,530 ft just 15 miles west of the BP-operated Mad Dog Field, the well hit high-quality Miocene reservoir, BP says.

Chesapeake Launches ‘Responsibly Sourced’ Shale Gas Pilot with Project Canary

Public Capital

Chesapeake Launches ‘Responsibly Sourced’ Shale Gas Pilot with Project Canary

The initial agreement for the responsibly sourced natural gas partnership between Chesapeake and Project Canary includes select wellpads in northeast Pennsylvania and northwest Louisiana.

Women in Energy: Marcia Backus, Occidental Petroleum

Influential Women

Women in Energy: Marcia Backus, Occidental Petroleum

Today’s featured 25 Influential Women in Energy honoree is Marcia Backus, senior vice president, general counsel and chief compliance officer at Occidental Petroleum based in Houston.

MarketsSee More

PATH FORWARD: How US Shale Fits in the Post-COVID Demand Recovery

PATH FORWARD: How US Shale Fits in the Post-COVID Demand Recovery

U.S. oil production growth is important to meet resurging global demand, says IEF Secretary-General Joseph McMonigle.

OPEC Raises Oil Demand Growth Forecast on Hope Pandemic Wanes

The upward revision marks a change of tone from previous months, in which OPEC has lowered oil demand forecasts because of continued lockdowns.

Commodities Trader Trafigura Launches Carbon Trading Desk

The new Trafigura carbon trading team, to be headed by Hannah Hauman, will be based in Geneva, Houston and Singapore.

US LNG Exports Set to Fall to Six-Week Low on Corpus Christi Maintenance

Analysts said it was normal for LNG plants and gas pipelines supplying them to shut for maintenance in the spring when demand is low.

BusinessSee More

Shale Giant EQT Seeks to Further ESG Certification for Natural Gas Production

Shale Giant EQT Seeks to Further ESG Certification for Natural Gas Production

Following completion of its certification pilot projects announced this year, EQT says it will be producing more certified gas than any other U.S. producer’s entire natural gas production.

Houston-based VAALCO Energy Names New CEO in Strategy Shift

The VAALCO Energy board said it believes newly appointed George Maxwell’s track record of founding, building and selling a successful African energy company will help it achieve its strategy of enhancing its corporate presence in London.

Oasis Petroleum Names Former Anadarko Exec Danny Brown as CEO

The appointment of Daniel E. “Danny” Brown as CEO fills a role left vacant since last December when Oasis Petroleum Co-founder Thomas Nusz retired.

Kosmos Names New Exploration Chief after Tracey Henderson Leaves for Apache Affiliate

Tracey K. Henderson joins Apache from Kosmos Energy to serve as its senior vice president of exploration, filling a position left vacant since the resignation of industry veteran Steven Keenan in late 2019.

TechnologySee More

Siemens

Shell Selects Siemens’ Polarion Software to Digitalize, Streamline Capital Project Data

Siemens Digital Industries Software has reported on April 15 that Royal Dutch Shell has selected Polarion Requirements software as the foundation for managing and streamlining the flow of requirements across Shell's global Capital Projects ecosystem.

U.S. Well Services Files Lawsuit against Halliburton, Cimarex over E-frac Patent

The lawsuit alleges Halliburton’s all-electric fracturing fleet, currently deployed for Cimarex Energy, violates several of U.S. Well Services’ patents for electric pumps and pumping systems and monitoring and control systems.

Aquaterra Energy Secures Five-Year Riser Analysis Gig in Middle East

Combined with other recent project wins in the Middle East, Aquaterra Energy will now deliver an estimated £1 million ($US1.37 million) of riser analysis work over the five-year period.

ChampionX Adds Autonomous Control for Rod Lift Wells with New XSPOC 3.1 Software

This release provides a number of powerful updates to the XSPOC platform, including advancements in setpoint optimization for rod lift wells and AI-driven autonomous control to better optimize production assets with less resources and time.

Exploration & ProductionSee More

ESG in oil and gas - E&P Plus

E&P Plus Cover Story: ESG in Oil and Gas—Searching for Answers

Building an ESG case and presenting the right evidence to stakeholders across the value chain has become a riddle wrapped in a mystery inside an enigma for producers and service providers in oil and gas. So how are they setting about solving it?

Laterals, Exports, Price Among Keys to Haynesville Shale Success

Laterals, Exports, Price Among Keys to Haynesville Shale Success

Goodrich Petroleum COO shares insight on its operations in the gassy Haynesville Shale as forecasts show natural gas prices and LNG exports rising.

Oil and Gas Investor Eagle Ford Natural Gas: Texas Gas to Mexico

Oil and Gas Investor Eagle Ford Natural Gas: Texas Gas to Mexico

While U.S. natural gas demand was mostly flat in 2020, Mexico’s grew. And it came from Texas. The outlook is that Mexico will be ordering more, including from the Eagle Ford’s underdeveloped gas fairway.

Oil companies are aiming to further lower emissions amid a global push toward cleaner energy sources. (Source: Shutterstock.com)

Carbon Tax Vital in Energy Transition, Oil Execs Say

While a carbon tax may drive certain desired behaviors during the energy transition, there is no one solution to the world’s emissions woes, oil industry executives say.

TransactionsSee More

Upstream M&A Tally Suggests Subtle Rebound in First-quarter

Upstream M&A Tally Suggests Subtle Rebound in First-quarter

The recently announced agreement by Pioneer Natural Resources to acquire DoublePoint Energy, with multiple private equity sponsors, also adds further indications of a shift toward private upstream activity, analyst says.

Marketed: EnCore Permian Operated Leasehold, Minerals Opportunity

EnCore Permian Holdings LP retained PetroDivest Advisors for the sale of certain leasehold and producing properties located in the Permian Basin in Upton, Howard and Pecos counties, Texas.

Energy A&D Transactions from the Week of April 14, 2021

Here’s a snapshot of recent energy deals including a $312 million sale by Hess in the Bakken plus Saudi Aramco signs a $12.4 billion pipeline deal.

On the Market Oil and Gas Quicklist (Week of April 14, 2021)

Here’s a quicklist of oil and gas assets on the market including the sale of Chevron’s Eunice/Hobbs asset in the Permian Basin plus a rural D-J Basin JV opportunity and Legacy Reserves Permian ORRI portfolio.

Policy & RegulationsSee More

Hydrogen’s Clean Energy Hype Does Not Mean it will Clear Barriers

Hydrogen’s Clean Energy Hype Does Not Mean it will Clear Barriers

Despite being the clean energy source voted most likely to succeed, the future of hydrogen still faces barriers in investment, storage, transportation and life-cycle emissions.

Bipartisan Senate Bill Would Direct Billions to Plugging Wells

Amount is nearly the level in President Biden’s infrastructure plan.

EPA Chief: Biden’s Methane Emission Curbs to Exceed Obama’s

‘There’s lot of room to be more ambitious,’ Regan says ahead of the administration’s release of its 2030 emission reduction targets.

Manchin, Flexing Political Muscle, Leaves Senate Democrats in Lurch

Manchin, Flexing Political Muscle, Leaves Senate Democrats in Lurch

West Virginia senator walks a political tightrope with infrastructure bill’s push against fossil fuels.

MidstreamSee More

Official: DAPL Closure Could Shut 400,000 bbl/d of N.D. Oil Output

Official: DAPL Closure Could Shut 400,000 bbl/d of N.D. Oil Output

US District Court judge is considering the Dakota Access Pipeline case concerning Energy Transfer’s asset.

LM Energy Launches Touchdown Binding Open Season in Permian Basin

The proposed extension of the system will gather crude oil from origination points in Eddy and Lea Counties, New Mexico and deliver to destination points also in Eddy and Lea Counties, New Mexico. 

Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium

Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium

The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in the newly formed Aramco Oil Pipelines Co.

US Army Corps to Allow Dakota Access Pipeline to Stay Open During Review

US Army Corps to Allow Dakota Access Pipeline to Stay Open During Review

The move leaves the decision on shutting down the pipeline with the U.S. District Court of the District of Columbia.