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Natural Gas

Integrated Compression

Integrated Compression

Design advancements and a reliable power grid make electrically powered compressors a serious option.

Private Equity

WaterBridge Poised For Growth In Surging Water Midstream Sector

WaterBridge Poised For Growth In Surging Water Midstream Sector

WaterBridge’s private-equity backer sold a stake that implied a $2.8 billion enterprise value for the water midstream company that has a growing position in the Permian Basin.

Unconventional

Analysts Forecast Montney Production Surge Despite Challenges

The Montney unconventional play is one of the core growth areas for Encana Corp. (Source: Encana Corp.)

The increase is expected as operators improve completion designs and economics while battling low natural gas prices and infrastructure constraints.

Investment

Drilling Joint Ventures: Knocking On The Drillco Door

Drilling Joint Ventures: Knocking On The Drillco Door

As spending within cash flow is increasingly the norm for E&Ps, Drillcos provide a possible capital solution.

Drilling

Maximizing Resources: Inside Saudi Aramco’s Geosteering Center

Inside the Saudi Aramco Exploration and Petroleum Engineering Center. (Source: Saudi Aramco)

HartEnergy.com contributor Abdelghani Henni got a first-hand look at how the company is maximizing its resources during a tour of Saudi Aramco’s E&P engineering center.

Public Capital

Total CEO Says Planned Buy Of Anadarko's Africa Assets ‘Perfectly Fitting'

Patrick Pouyanne

Speaking at an event in Washington, Total CEO Patrick Pouyanne said the oil major has had its eyes on Anadarko's Africa assets for more than a year.

Trending Stories

Markets

Total CEO Says Planned Buy Of Anadarko's Africa Assets ‘Perfectly Fitting'

Speaking at an event in Washington, Total CEO Patrick Pouyanne said the oil major has had its eyes on Anadarko's Africa assets for more than a year.

UPDATED: Saudi Arabia Says Oil Producers Want To Reduce Inventories

Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories "gently" but his country would remain responsive to the needs of what he called a fragile market.

National Grid Says No New NYC Natural Gas Customers Without Williams Pipeline

National Grid Plc said on Friday it will not process new applications for natural gas service in its New York City and Long Island service area until Williams Cos Inc.’s Northeast Supply Enhancement (NESE) pipeline receives the permits it needs to proceed.

Total CEO Says Planned Buy Of Anadarko's Africa Assets ‘Perfectly Fitting'

Speaking at an event in Washington, Total CEO Patrick Pouyanne said the oil major has had its eyes on Anadarko's Africa assets for more than a year.

Business

WaterBridge Poised For Growth In Surging Water Midstream Sector

WaterBridge’s private-equity backer sold a stake that implied a $2.8 billion enterprise value for the water midstream company that has a growing position in the Permian Basin.

ISS Backs Activist Investor Nominees To PDC Energy Board

Shareholder advisory group ISS was, however, concerned about the potential impact on PDC if CEO Bart Brookman were to be removed from the board, said activist investor Kimmeridge.

South Texas Oil Producer 1776 Energy Up For Sale

Privately held 1776 Energy Operators LLC told Reuters on May 17 it would put itself up for sale, after sources familiar with the South Texas-focused oil and gas producer said they expected it to be valued at around $1.5 billion, including debt.

WaterBridge Poised For Growth In Surging Water Midstream Sector

WaterBridge’s private-equity backer sold a stake that implied a $2.8 billion enterprise value for the water midstream company that has a growing position in the Permian Basin.

Technology

Maximizing Resources: Inside Saudi Aramco’s Geosteering Center

HartEnergy.com contributor Abdelghani Henni got a first-hand look at how the company is maximizing its resources during a tour of Saudi Aramco’s E&P engineering center.

TGS, PGS Team Up For Torngat 3-D Offshore East Canada

TGS and PGS has announced the Torngat 3-D multiclient project in offshore East Canada on May 17.

Fluor Appoints Carlos Hernandez As CEO

Fluor Corp.’s board of directors has confirmed the appointment of Carlos M. Hernandez as CEO and named him a member of the board of the company on May 16.

Shale Tech Startup Raises Funding For Accelerated Growth

Austin, Texas-based technology startup Novi Labs embarks on its next stage of growth with increased funding and proven senior software executive, Scott Sherwood, now at its helm.

Exploration & Production

The Permian Water Management Future: Consolidated, Efficient Systems

The market’s biggest challenges—scale and consolidation—are also its biggest necessities, according to B3 Insight’s Kelly Bennett.

UPDATED: Exxon Mobil Evacuates Foreign Staff From Iraq Oilfield

Exxon Mobil Corp. has evacuated dozens of its foreign staff from the West Qurna 1 oil field, but work is still going on, according to multiple reports.

Best Of This Week's Activity Highlights

In case you missed it, here's a look this week's activity highlights around the world. Details on current and past activity available every day in Hart Energy's database.

Analysts Forecast Montney Production Surge Despite Challenges

The increase is expected as operators improve completion designs and economics while battling low natural gas prices and infrastructure constraints.

Transactions

Drilling Joint Ventures: Knocking On The Drillco Door

As spending within cash flow is increasingly the norm for E&Ps, Drillcos provide a possible capital solution.

Drilling Joint Ventures: Knocking On The Drillco Door

As spending within cash flow is increasingly the norm for E&Ps, Drillcos provide a possible capital solution.

Marketed: Fairway Resources Midcontinent Leasehold Across Western Anadarko

Fairway Resources III retained PetroDivest Advisors for the sale of Midcontinent leasehold across the Western Anadarko Basin in Oklahoma with bids due June 26.

Marketed: Lambda Energy Resources Michigan Production, Leasehold

Lambda Energy Resources retained Meagher Energy Advisors for the sale of Michigan production and leasehold with bids due June 13.

Policy & Regulations

NY Pipeline Denial ‘Incredibly Short-Sighted,’ Says EPA Chief

The plans for Williams’ Northeast Supply Enhancement included about 23 miles of submarine pipeline off New York City’s coast.

UPDATED: Exxon Mobil Evacuates Foreign Staff From Iraq Oilfield

Exxon Mobil Corp. has evacuated dozens of its foreign staff from the West Qurna 1 oil field, but work is still going on, according to multiple reports.

US Primed For 13 Gigawatts Of Wind Additions In 2019, Largest In Seven Years, As Tax Incentives Phase Out

U.S. wind project developers who want to take advantage of the full 2016 value of the PTC must begin operations by the end of 2020.

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Nord Stream 2 Launch Could Be Delayed To Next Year

Delays in obtaining permits from Denmark are blamed for the setback.

Transport

Integrated Compression

Design advancements and a reliable power grid make electrically powered compressors a serious option.

National Grid Says No New NYC Natural Gas Customers Without Williams Pipeline

National Grid Plc said on Friday it will not process new applications for natural gas service in its New York City and Long Island service area until Williams Cos Inc.’s Northeast Supply Enhancement (NESE) pipeline receives the permits it needs to proceed.

Integrated Compression

Design advancements and a reliable power grid make electrically powered compressors a serious option.

FERC Approves Fourth Train For Texas Freeport LNG Export Plant

Company says it expects to make an FID on the grain in the second quarter.