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Exploration & Production

Woodside Halts Gas Production Off Western Australia Ahead Of Cyclone

Tropical cyclone Veronica was about 95 km east north east of Karratha, the location of the two LNG plants, early on March 25.

International

Nord Stream 2 Upbeat Denmark Will Approve Gas Pipeline Proposal

Russian-led company expects to complete pipeline by the end of 2019.

Field Development

Fire Breaks Out At Kazakhstan’s Kalamkas Oil Field

Kalamkas, MangistauMunaiGas's biggest field, has traditionally accounted for more than 60% of the company’s production.

Infrastructure

FERC Seeks Input To Enhance Transmission Incentive, Return On Equity Policies

The commission promulgated the existing rules nearly 13 years ago and provided guidance regarding aspects of those rules in a 2012 policy statement.

Restructurings

PG&E Bankruptcy Threatens Major Battery Storage Project

The bankruptcy poses a threat to California's climate change ambitions by putting in limbo dozens of large solar, wind, and other clean energy projects PG&E has contracted with other companies.

Lease Sales

Marketed: Nichols Brothers Operated Assets In New Mexico, Oklahoma, Texas

Nichols Brothers retained Continental Energy Advisors for the sale of operated assets in New Mexico, Oklahoma and Texas as part of a Chapter 11 bankruptcy.

Trending Stories

Markets

LNG Markets Navigate A Sea Change

With the long-term contract model fading, LNG’s success as a commodity will rely on providers’ ability to put the product on the water as cheaply as possible.

What’s Affecting Oil Prices This Week (March 25, 2019)?

In the week since our last edition of What’s Affecting Oil Prices, Brent rose $0.67/bbl last week to average $67.71/bbl.

US Buyers Of Venezuelan Oil Sub In Shell, BP Offshore Crude

U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.

Oil Prices Steady Amid Worries Of Severe Economic Slowdown

Oil prices were steady on March 25, with concerns of a sharp economic slowdown competing with support from tighter supply due to OPEC's production cutbacks and U.S. sanctions on Iran and Venezuela.

Business

Brigham Minerals Tests Market With $100 Million IPO

If successful, the $100 million IPO filed by the minerals business of oil and gas entrepreneur Bud Brigham could help to end a drought of energy IPOs.

Schlumberger To Stop Taking New Field-Management Projects, CEO Says

Schlumberger has spent billions of dollars to take over managing customers' oil fields, in some cases becoming an investor in the fields, while seeking to profit from increased oil production.

PG&E Bankruptcy Threatens Major Battery Storage Project

The bankruptcy poses a threat to California's climate change ambitions by putting in limbo dozens of large solar, wind, and other clean energy projects PG&E has contracted with other companies.

KLX Energy Services Expands With $82 Million Worth Of Acquisitions

The acquisitions included the purchase of Red Bone Services and Tecton Energy Services, two oilfield service companies KLX Energy Services CEO says provide significant cross-selling opportunities.

Technology

Eyeing The Future Of The Global Upstream Market

A panel of industry heavy hitters discussed methane regulations, digitization, making choices and realizing value in shale plays during CERAWeek by IHS Markit.

Awilco Drilling, Keppel FELS Ink $425 Million Rig Building Deal

Awilco Drilling has announced that its fully owned subsidiary Awilco Rig 2 Pte. Ltd., on March 22, signed a contract with Keppel FELS shipyard in Singapore for the building of one new CS60 ECO MW semisubmersible drilling rig.

Eyeing The Future Of The Global Upstream Market

A panel of industry heavy hitters discussed methane regulations, digitization, making choices and realizing value in shale plays during CERAWeek by IHS Markit.

TechnipFMC Wins EPCI Contract For Eni Merakes Field

TechnipFMC has been awarded a large integrated engineering, procurement, construction, transportation and installation (iEPCI) contract by Eni on March 25 for the Merakes project, located offshore Balikpapan Indonesia, at a water depth of approximately 1,500 m (4,921 ft).

Exploration & Production

Equinor Pushes Forward With Mariner As Global Heavy Oil Production Falls

Equinor and partners are investing more than $7 billion in the development east of the Shetland Islands in the U.K. North Sea.

US Buyers Of Venezuelan Oil Sub In Shell, BP Offshore Crude

U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.

India’s Environmental Committee Gives Cairn Green Light For Barmer Expansion Project

Cairn Oil & Gas will drill about 300 development/injection wells and construct 205 well pads to increase production from the Barmer fields.

Algeria Amends Hydrocarbon Law To Attract Foreign Investors

The first circulated draft of the much anticipated hydrocarbon law in Algeria, has shown that the government has loosen up the law in a move that aims to attract more foreign investors to the energy sector in Algeria. The question is, will it be passed amid contentious political transition?

Transactions

Energy Capital Conference 2019: Financing The Deal

With deal volume down, investors sidelined and volatility all about, getting deals across the finish line is getting harder and harder.

Marketed: Nichols Brothers Operated Assets In New Mexico, Oklahoma, Texas

Nichols Brothers retained Continental Energy Advisors for the sale of operated assets in New Mexico, Oklahoma and Texas as part of a Chapter 11 bankruptcy.

Marketed: Nadel And Gussman Oklahoma Leasehold Interest

Nadel and Gussman retained EnergyNet for the sale of non-producing leasehold interest in Oklahoma across Latimer, Atoka and Pittsburg counties through an auction.

Energy Capital Conference 2019: Financing The Deal

With deal volume down, investors sidelined and volatility all about, getting deals across the finish line is getting harder and harder.

Policy & Regulations

Algeria Amends Hydrocarbon Law To Attract Foreign Investors

The first circulated draft of the much anticipated hydrocarbon law in Algeria, has shown that the government has loosen up the law in a move that aims to attract more foreign investors to the energy sector in Algeria. The question is, will it be passed amid contentious political transition?

Trump Dangles Investment To Caribbean Leaders Who Back Venezuela's Guaido

President Donald Trump pledged investment in a rare meeting on March 22 with five Caribbean leaders who have sided with the United States in backing Venezuelan opposition leader Juan Guaido as head of state, the White House said.

Planned Oil Storage Boom Faces New Scrutiny After Tank-Farm Fire

Three-day petrochemical blaze near Houston spurs calls for tougher regulations.

Adams County Enacts New Oil, Gas Permit Moratorium Ahead of Colorado’s SB19-181

Both the Colorado Oil and Gas Association and the bill's sponsor said the moratorium was an unnecessary move. 

Transport

Thoughts To Share: A New Era For Pipeline Inspections

‘Smart’ pigging aims to help operators and service providers fulfil their efforts to institute zero-tolerance policies in maintaining safe systems.

Nord Stream 2 Upbeat Denmark Will Approve Gas Pipeline Proposal

Russian-led company expects to complete pipeline by the end of 2019.

PG&E Bankruptcy Threatens Major Battery Storage Project

The bankruptcy poses a threat to California's climate change ambitions by putting in limbo dozens of large solar, wind, and other clean energy projects PG&E has contracted with other companies.

Shell Ships First Condensate Cargo From Prelude Off Western Australia

Giant vessel has yet to ship LNG.