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Highlights
Best Of This Week's Drilling Activity Highlights
In case you missed it, here's a look this week's drilling activity highlights around the world. Details on current and past activity available every day in Hart Energy's database. (Week ending June 7, 2019)
Public Capital
Greener Giants: Shell’s Transfer Of Power
Europe-based Royal Dutch Shell is outpacing U.S.-major counterparts in non-fossil-fuel investing.
Exploration & Production
Standing Tall, Growing Higher
New pipelines in 2018 added much-needed takeaway capacity for the Appalachian Basin shale gas, ensuring continued growth in the region.
More Top Stories
Private Equity
Anatomy Of A Deal: Betting On Oryx Midstream
There were handshakes and smiles all around after private-equity firm Stonepeak Infrastructure Partners purchased Oryx Midstream in the biggest midstream deal to date.
Pipelines
Solving The Predicament Of Water-Handling Pipelines
Pipe maker responds to the midstream’s need for specialized water disposal products.
Public Capital
From OGI Editor-In-Chief: Hollub’s Opus
Out of Occidental’s sudden saga to wrest Anadarko out of Chevron’s grasp, why was CEO Vicki Hollub so darned determined to win?
Midstream Texas
Industry Insights For A New (And Sometimes Hostile) Congress
GPA Midstream's Charlotte Sawyer cautioned attendees at Midstream Texas ‘fines and penalties have the potential to cripple the energy industry.’
Public Capital
SM Energy Works To Prove Up Permian Basin, Austin Chalk Inventory
Oil companies like SM Energy are being challenged to exercise financial discipline and make shareholder returns a priority while managing growth.
Infrastructure
Relationship Building Is Key To Trans Mountain Expansion
Decision on the $7.4 billion project is expected next week.
Latest in Video
DUG Rockies: Producing In The Powder River Basin (2019)
Well reports are turning up more and gushers in the Powder River Basin that hosts more than a dozen potential targets.
Trending Stories
Markets
OPEC Must Confront An Unpalatable Reality
U.S. shale production and a slowing global economy are revealing the limits of the cartel’s influence on oil markets.
Canadian Oil Output Growth Forecast Halved To 1.4% Annually
Canada holds the world's third-largest crude reserves but its energy industry has struggled to recover from the 2014/15 global oil price crash.
Analysts: Tanker Bombings Point To More US-Iran Tension, Oil Price Rise
Oil prices rose Thursday following attacks on two Asia-bound tankers plying the Gulf of Oman, just east of the Strait of Hormuz, a major choke point for global crude markets.
Oil Surges After Gulf Tanker Attacks, Stocks Claw Higher
Brent jumps by 4% as tensions rise between U.S. and Iran.
Business
Greener Giants: Shell’s Transfer Of Power
Europe-based Royal Dutch Shell is outpacing U.S.-major counterparts in non-fossil-fuel investing.
Shell To Invest Up To $2.4 Billion In Mexican Deepwater Oil Projects
Mexico's oil regulator on June 13 approved exploration plans for four deepwater areas operated by Royal Dutch Shell , after it gave the green light to five others earlier this week, committing the oil major to invest at least $791 million.
Development Banks' Climate Funding At All-Time High In 2018
The bulk of the banks' climate financing last year was aimed at reducing greenhouse gas emissions and slowing global warming, with over $30 billion invested.
Norway’s Aker Eyes IPO, Merger For Cognite Software Firm
Cognite, in which Norwegian investment firm Aker owns a 65% stake, has customers in Europe, including oil and gas firms Aker BP, Lundin Petroleum, OMV and Wintershall DEA.
Technology
Quantifying Subsurface Uncertainties Helps Reduce Exploration and Field Development Risks
Integration of advanced technologies enables rapid evaluation of multiple subsurface scenarios.
Aker Solutions Appoints Ole Martin Grimsrud As CFO
Ole Martin Grimsrud has been appointed CFO of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker ASA on the same day.
CGG Wins Johan Sverdrup Project Contract From Equinor
Subsurface Imaging, part of CGG’s Geoscience division, has been awarded a contract by Equinor on June 11 for the processing of seismic data from the Johan Sverdrup Permanent Reservoir Monitoring (PRM) system in the North Sea.
SAExploration Completes Company’s Largest Shallow-water Project
SAExploration Holdings Inc. has successfully completed the largest shallow water ocean-bottom marine project in the company’s history.
Exploration & Production
Best Of This Week's Drilling Activity Highlights
In case you missed it, here's a look this week's drilling activity highlights around the world. Details on current and past activity available every day in Hart Energy's database. (Week ending June 7, 2019)
Shell To Invest At Least $397 Million In Mexican Deepwater Oil Projects
If the drilling proves successful, the investment could grow to some $1.3 billion, according to Mexico's National Hydrocarbons Commission.
Exxon Mobil Pursues Expansion In Argentina’s Vaca Muerta Shale
Exxon Mobil plans to produce up to 55,000 barrels of oil equivalent per day within five years as part of the project.
West Virginia Supreme Court Sides With Antero In Horizontal Drilling Suit
For the second time this month, the West Virginia Supreme Court ruled on surface rights disputes between landowner and E&Ps.
Transactions
Anatomy Of A Deal: Betting On Oryx Midstream
There were handshakes and smiles all around after private-equity firm Stonepeak Infrastructure Partners purchased Oryx Midstream in the biggest midstream deal to date.
Mexico’s Oil Regulator Cancels October Auctions To Pick Pemex Partners
Mexico's oil regulator announced on June 13 the cancellation of auctions set for October to pick joint-venture partners for national oil company Pemex in seven onshore areas.
Callon Petroleum Tweaks Guidance Following Multibillion-dollar Permian Sale
Callon Petroleum also confirmed the sale of its noncore Permian asset in the southern Midland Basin to Houston-based independent Sequitur Energy Resources.
Marketed: Maverick Natural Resources Central Basin Platform Winkler County, Texas
Maverick Natural Resources retained EnergyNet for the sale of Permian assets in Winkler County, Texas, within the Central Basin Platform through an auction closing June 26.
Policy & Regulations
US Green Groups Ramp Up Legal Attacks On Federal Oil Leases
The so-called ‘keep it in the ground’ movement has a new strategy--burying the administration in formal written protests and lawsuits challenging nearly every oil and gas lease it plans on public land.
Oil Edges Above $62 As OPEC Cuts Counter Growth Concerns
Russia signals it may support extended supply cut with OPEC.
First Job In Sight For SBM In Brazil After Corruption Scandal
SBM did not disclose terms. The structure is designed to produce 180,000 barrels of oil per day, and have a minimum storage capacity of 1.4 million barrels of crude oil, SBM said.
Oil And Gas Operations Can Benefit From Opportunity Zone Tax Breaks
While attention has focused on the legislation’s real estate aspect, energy companies can benefit, too.
Midstream
Senate Bill Would Impose Sanctions On Nord Stream 2 Builders, Investors
Barrasso, from gas-producing Wyoming, seeks to hamper Russia-to-Germany pipeline.
Strait Of Hormuz And The Risk Of Uncontrolled Escalation
Two oil tankers were attacked and left adrift on Thursday in the Gulf of Oman, just south of the entrance to the strait, stoking fears of a new confrontation between Iran and the United States.
Alberta Government In Talks About Offloading Crude-By-Rail Contracts
Newly elected premier says deals are bad for taxpayers.
Williams Joins ONE Future Methane-Reduction Industry Group
Pipeline giant is the 17th member of coalition dedicated to cutting emissions across the natural gas value chain.
