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More Top Stories

Technology

Composites Gain Ground

ClockSpring|NRI

Composite solutions are delivering rapid, reliable riser repairs.

Natural Gas

Integrated Compression

Integrated Compression

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

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.

Infrastructure

India Plans Strategic Oil Reserve Expansion

India plans to construct underground storage at Padur-II, Chandikhol, Bikaner and Rajkot. (Source: India Strategic Petroleum Reserve Ltd.)

A plan finalized by Indian Strategic Petroleum Reserves Ltd. includes four new underground oil reserves.

Trending Stories

Markets

How Permian’s Gas Output Alters Market Flows

As associated natural gas production continues to climb in a constrained environment, other plays are forced to react.

What's Affecting Oil Prices This Week (May 20, 2019)?

For the week ahead we expect Brent to be generally range-bound and average closer to $71/bbl on news out of OPEC, concerns about U.S. crude builds, and ongoing trade tensions with China.

Stratas Advisors Launches Mexico Crude Oil Outlook

Extending coverage to the annual analysis of crude oil fundamentals, Stratas Advisors' North American research team now offers the Mexico Crude Oil Outlook, a 10-year annual report that is part of its North American Oil online subscription service.

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.

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

Hart Energy's Unconventional Activity Tracker

Hart Energy's exclusive rig counts measure drilling intensity. They exclude units classified as rigging up or rigging down, and also exclude rigs drilling injection wells, disposal wells or geothermal wells. They are designed to offer the most accurate picture of what is actually occurring in the field.

Chesapeake Targets Brazos Valley, Powder River Basin For Oil Growth

Chesapeake Energy plans to put on sale output from 85 Brazos Valley wells and 72 wells in the Powder River Basin this year.

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.

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.

Transactions

KKR Backs New E&P Team Targeting Williston Basin Acquisitions

KKR said it partnered with Western Natural Resources, a recently formed E&P led by Heath Mireles, to build a position in the Williston Basin.

KKR Backs New E&P Team Targeting Williston Basin Acquisitions

KKR said it partnered with Western Natural Resources, a recently formed E&P led by Heath Mireles, to build a position in the Williston Basin.

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.

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.

Policy & Regulations

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.

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

Strait Of Hormuz Becomes Focal Point After Oil Attacks

Recent incidents raise questions about the security of oil supplies.

Carlyle In Talks To Sell 25% Stake In Oil Export Terminal

Negotiations with three companies includes joint operation of a crude pipeline from Houston to Corpus Christi.

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.