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E&P Completions & Production: Flare No More?

Exploration & Production

E&P Completions & Production: Flare No More?

A pilot project will convert stranded methane gas flared from oilfield wells into hydrogen for use as a clean fuel source.

On The Market: Oil Price Uncertainty Post-Soleimani

Business

On The Money: Oil Price Uncertainty Post-Soleimani

In the swirl of geopolitical events post-Qassem Soleimani, Citi bumped up its 2020 price forecasts for both Brent and WTI.

IndustryVoice: After 100 Years, the Permian Basin is Changing Texas Again
Sponsored Content

IndustryVoice: After 100 Years, the Permian Basin is Changing Texas Again

The best way to get a boots-on-the-ground update for West Texas’ resource development activity is to register and attend the 2020 DUG Permian Basin Conference & Exhibition coming in April.

Exploration & Production

E&P Completions: Fine-tuning Perforations In Refractures

MarketsSee More

FracSpread 022020

Frac Spread: Ethane Rallies In A Rocky Stretch

NGL prices rebound despite coronavirus worries.

Shell Report: Asia To Absorb LNG Supply Growth From Mid-2020

Supply growth will ease after the middle of the year, with Asia seen as able to pick up demand.

Brouillette: Coronavirus Unlikely To Have Big Impact On Oil Prices

Energy secretary acknowledges slowing of Chinese energy market.

IEA: Oil Demand Set For First Fall In A Decade Due To Coronavirus Outbreak

Oil demand in the first quarter of 2020 is expected to fall compared with a year earlier, the IEA said, noting it would be "the first quarterly decrease in more than a decade."

BusinessSee More

Aaron Ketter

Bakken, Rockies Shale: Business Is Different, But Still Viable

At DUG Bakken and Rockies, shale executives acknowledged the headwinds, but remained optimistic about the opportunities in the Powder River Basin, the Bakken and, yes, even Colorado.

US Shale Oil Outlook Darkens As By-product Prices Slide

U.S. shale oil drillers could scale back investment in production more quickly than previously expected this year after prices slid for what had been a lucrative by-product.

Noble Corp. Receives NYSE Listing Notice

Company intends to regain compliance by lifting stock above $1 per share.

Pioneer Natural Resources Quarterly Profit Beats Street Estimates

Pioneer also joins shale rivals Concho Resources, Diamondback Energy and Devon Energy in boosting dividends to please investors who have been pushing for higher shareholder returns

TechnologySee More

E&P Completions & Production: Flare No More?

E&P Completions & Production: Flare No More?

A pilot project will convert stranded methane gas flared from oilfield wells into hydrogen for use as a clean fuel source.

Siemens To Modernize Middle East Jackup Rig

Siemens was awarded a contract by Arabian Drilling Co. on Feb. 19 to modernize a complete and integrated drilling-drives lineup, including auxiliaries and controls, which will be installed on an offshore jackup drilling rig for a customer in the Middle East.

Petrofac Secures Contracts From ADNOC Worth $1.65 Billion

The move comes as the UAE, a key member of OPEC, looks to achieve gas self-sufficiency and become a net gas exporter.

Subsea 7, Shell Team Up To Accelerate Subsea Digitalization

The agreement will help fast-track innovation and streamline the adoption of applied technologies in areas such as marine robotics, advanced sensing, artificial intelligence and autonomous systems to address the industry’s challenges to improve safety, cost-efficiency and sustainability.

Exploration & ProductionSee More

The U.S. Energy Information Administration forecasts oil production from new and existing fields in the GoM will rise to an average 2 MMbbl/d in 2020. (Source: Shutterstock.com)

Gulf Of Mexico: Super Basin That Keeps On Giving

The deepwater Gulf of Mexico has proven to be a prolific producer, but companies still see potential in the basin’s frontier and emerging areas.

VAALCO Energy Makes Oil Discovery Offshore Gabon

VAALCO Energy Inc. said Feb. 18 that the South East Etame 4P appraisal wellbore drilled from the VAALCO operated South East Etame North Tchibala platform offshore Gabon in the Etame Marin permit area successfully encountered oil sands in the Gamba formation.

Exxon Mobil Readies For Ramp Up Of Massive Indonesia Block

Exxon Mobil Readies For Ramp Up Of Massive Indonesia Field

The expansion comes closely after the discovery of new proven oil reserves in and around the Banyu Urip Field, which is estimated to be more than double the previous one.

E&P Offshore Advances: Managing Guyana’s Path To Prosperity

E&P Offshore Advances: Managing Guyana’s Path To Prosperity

Proper governance and management are critical as poverty-stricken Guyana faces a potential financial windfall despite the more than a dozen oil discoveries offshore in the massive Strabroek Block.

TransactionsSee More

Energy A&D Transactions From The Week Of Feb.19, 2020

Energy A&D Transactions From The Week Of Feb.19, 2020

Here’s a snapshot of energy deals from the past week including a $22.5 million bolt-on acquisition by Laredo Petroleum to its Midland Basin position.

Marketed: Producing Bone Spring ORRI, Lea County, New Mexico

Merrion Oil & Gas retained EnergyNet for the sale of overriding royalty interest package in the Permian Basin through a sealed-bid offering closing March 10.

Marketed: Sierra Resources, Eagle Ford Gas Opportunity

Sierra EF LP retained Detring Energy Advisors to market for sale its oil and gas producing properties, leasehold, and related assets located in the Eagle Ford Shale.

On The Market Oil And Gas Quicklist (Week Of Feb. 19, 2020)

Here’s a quicklist of oil and gas assets on the market including a Powder River Basin package from SilverBow Resources and Overland Energy Partners’ Williston Basin minerals.

Policy & RegulationsSee More

Pioneer CEO Scott Sheffield Urges Investors To Divest In Companies With High Flaring

Pioneer CEO Scott Sheffield Urges Investors To Divest In Top Flarers

Pioneer Natural Resources CEO Scott Sheffield called on oil and gas investors to sell shares or pull funding from companies that have rates of natural gas flaring.

rosneft

US Slaps Sanctions On Russian Oil Firm

Rosneft penalized for its support of Venezuela’s Maduro.

Texas Regulator Names Companies With Highest Flaring Rate

Companies with the lowest flaring intensity in Texas included Pioneer Natural Resources, EOG Resources, ConocoPhillips and Chesapeake Energy.

Trudeau Stresses Need For End To Pipeline Protests

Indigenous communities have blocked rail lines to protest construction of the Coastal GasLink Pipeline.

MidstreamSee More

Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline

Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline

Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.

NGL Energy Partners Snags Water Contracts With Large Delaware Basin Producers

NGL Energy Partners recently signed separate, long-term produced water transportation and disposal agreements with two large, investment-grade producer customers in the Delaware Basin.

Enbridge To Acquire Rio Bravo Pipeline In $25 Million Cash Deal

Enbridge To Acquire Rio Bravo Pipeline In $25 Million Cash Deal

The Rio Bravo Pipeline is poised to support transportation of natural gas production from the Permian Basin and Eagle Ford Shale to NextDecade’s Rio Grande LNG project in Brownsville, Texas

Dominion To Increase Stake In $8 Billion Atlantic Coast Natgas Pipeline

If approved, the acquisition will bring Dominion's share in the Atlantic Coast natural gas pipeline to 53%, up from 48%. Duke Energy will own the remaining 47%.