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Hart Energy Unveils Oil and Gas Investor’s 2021 Class of ‘Forty Under 40’
Oil and Gas Investor’s “Forty Under 40” recognition program honors champions of the next generation of oil and gas professionals.
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MarketsSee More
Oil Prices on Track for Strong Weekly Gain
“The oil market no longer appears to be viewing the issue of the Delta variant with quite the same alarm as it was at the beginning of last week,” said Commerzbank analyst Carsten Fritsch.
Op-ed: US Natural Gas Prices at Multiyear Highs Will Protect Stocks
In the short term, higher gas prices will encourage power generators to run gas-fired turbines for fewer hours over the next few months, running coal-fired units instead, to reduce gas combustion.
US Weighs Crackdown on China’s Import of Iranian Oil
Chinese refiners are the biggest importers of Iranian oil. That U.S. officials are hinting at a possible crackdown may be a veiled threat that Washington has ways to exact a price from Tehran, says analyst.
Climate Policies Unlikely to Disrupt Oil Demand Growth, Study Shows
High levels of government intervention in climate policy will likely not slow down oil demand over the next decade, new study says.
BusinessSee More
Hart Energy Unveils Oil and Gas Investor’s 2021 Class of ‘Forty Under 40’
Oil and Gas Investor’s “Forty Under 40” recognition program honors champions of the next generation of oil and gas professionals.
Chevron Joins Share Buyback Stampede as Profit Tops Estimates
Lower costs and higher prices generated the highest cash flow in two years, enabling Chevron to pare debt and resume share repurchases, company executives said.
Big Oil Back to Boom after Pandemic Bust, Aiding Climate Push
Europe's top energy companies signaled confidence in a lasting recovery from the pandemic impact on July 29 by drawing on higher oil prices to boost shareholder returns and reassure investors as they roll out risky climate strategies.
Brookfield Asset Management Closes $7 Billion ‘Global Transition’ Fund
The fund, named Brookfield Global Transition Fund, is supported by founding investment partners, Ontario Teachers’ Pension Plan Board and Temasek, which both pledged major commitments.
TechnologySee More
Digital Drilling: Taking Remote Solutions to the Next Level
In a landmark project, Baker Hughes delivered data management and insights across Saudi Aramco’s entire drilling fleet, making it the largest deployment in Baker Hughes’ history.
Halliburton Launches Low Cost, Direct Fracture Monitoring Service
Halliburton Co. has introduced ExpressFiber, a single-use fiber optic cable that offers accurate, direct subsurface measurements, including cross-well communication, at a price point that enables fracture monitoring on every well pad, the company said on July 27.
ProPetro Promotes Sam Sledge to CEO in Leadership Transition
As Sam Sledge takes the helm as CEO at Midland, Texas-based ProPetro, he replaces Phillip Gobe, who had headed the company since the exit of its co-founder last year.
Reveal Energy Services Enhances ORCHID Completions Evaluation Platform
Reveal Energy Services has released version 2021.2 of its ORCHID completions evaluation platform, which supports the interpretation and analysis of distributed acoustic sensing (DAS) data acquired from casing or dip-in fiber optics, the company said on July 26.
Exploration & ProductionSee More
OFS Sector Outlook: US Shale Spending, Rig Counts Rise
As public E&Ps stay disciplined and privates take an ‘aggressive approach’ across the U.S. shale patch, analysts see continued efficiency gains and rising costs from oilfield service companies.
ConocoPhillips Sees More Upside with Technology Post Concho Deal
ConocoPhillips continues to find ways to improve through the use of refracs, simul-fracs and other technologies, says Jack Harper, former Concho exec now leading Conoco’s Permian Basin team.
Q&A: Scott Angelle on the Environmental Advantage of US Oil, Gas
Former BSEE director Scott Angelle shares his thoughts on the energy transition and why the U.S. has some of the most environmentally advantaged barrels compared to other parts of the world.
Fighting the Fight: Diamondback Energy Shares Survival Tactics
Public oil and gas producers will be judged on LOE and G&A plus their emissions profile, methane intensity and flaring, according to Diamondback CFO Kaes Van’t Hof.
TransactionsSee More
Oil and Gas Investor A&D Trends: Automatic Earth
After months of buying and selling chaos, oil and gas A&D finally went full-on Adderall as it barreled into the official start of summer.
Marketed: Paradox Basin Opportunity, San Juan County, Utah
EnergyNet was retained for the sale of a Paradox Basin opportunity in San Juan County, Utah, through a sealed-bid offering that includes three separate drilling opportunities.
Marketed: BHCH Mineral Legacy Mineral, Royalty Portfolio
BHCH Mineral Ltd. retained TenOaks Energy Advisors for the sale of an undivided 50% of its legacy mineral and royalty portfolio located across numerous basins in the continental U.S. broken up into four sub-packages.
Marketed: Gary Permian Delaware Basin Development, Pecos County, Texas
Gary Permian LLC retained PetroDivest Advisors for the sale of oil and gas properties, leasehold and related assets within the southern Delaware Basin in Pecos County, Texas.
Policy & RegulationsSee More
Q&A: Scott Angelle on the Environmental Advantage of US Oil, Gas
Former BSEE director Scott Angelle shares his thoughts on the energy transition and why the U.S. has some of the most environmentally advantaged barrels compared to other parts of the world.
Review of Federal Oil, Gas Leasing Program Nearing Completion: Haaland
The Biden administration earlier this year stopped holding federal oil and gas lease sales, pending the review, but a federal judge last month ruled that his leasing freeze was unlawful.
Merkel Defends US Nord Stream 2 Deal as Ukraine Cries Foul
German Chancellor Angela Merkel on July 22 defended a deal with the United States that allows the Nord Stream 2 gas pipeline to proceed as a pragmatic compromise, but Ukraine said the agreement was too weak to ensure Russia behaves the way Kyiv and the West want.
Canada's Quebec Rejects LNG Export Project, Citing Environmental Concerns
The Canadian province of Quebec on July 21 rejected a LNG export project for the Port of Saguenay, citing environmental concerns, in the latest blow to North American LNG development.
MidstreamSee More
Buckeye Partners to Acquire Solar Development Project in Texas
The acquired project, located south of Dallas, adds solar generation capacity to Buckeye’s existing renewable energy portfolio and positions the company to “meaningfully participate in the energy transition,” Buckeye Partners says.
Enterprise Oil Pipeline Volumes Rise on Demand Recovery
Strong prices and lower inventories at the Cushing oil storage hub in Oklahoma are signaling that volume needs to stay in the U.S. at least for now, co-CEO A. J. Teague added during the company’s post-earnings call.
Enbridge US TETCO Natgas Pipe Prepares to Return to Full Service
Enbridge Inc.'s Texas Eastern Transmission (TETCO) unit said on July 26 it provided all the information federal safety regulators requested and is preparing to increase pressure in its Pennsylvania to Mississippi pipeline as soon regulators approve.
Energy Transfer Says Addressed Most DAPL Safety Issues Raised by PHMSA
PHMSA on July 22 put Energy Transfer on notice for the probable violations pertaining to the operation of the Dakota Access Pipeline and proposed a civil penalty against it.
