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Mentor

Business

Old Meets New

Mentoring programs can help fill critical midstream jobs with qualified personnel.

A&D Trends: Indie Oil And Gas Deal-Making

Business

A&D Trends: Indie Oil And Gas Deal-Making

So far in 2019, oil and gas deals have taken an indie turn in the market with mid-sized deals.

Analyst: Pressure Pumping Asset Sale Implies Extraordinary Upside

Public Capital

Analyst: Pressure Pumping Asset Sale Implies Extraordinary Upside

Analysts with Tudor, Pickering, Holt & Co. noted the sale of Quintana’s legacy conventional pressure pumping operations was a small deal but that it also highlighted a “prodigious valuation upside.”

MarketsSee More

markets friday

WTI Drops 2.1% As US-China Trade War Escalates

Crude oil is included on the latest list of US exports to face a tariff.

Oil Steadies Above $60, Jackson Hole Summit In Focus

Oil steadied above $60 a barrel on Aug. 22, supported by a drop in U.S. crude inventories and OPEC-led supply cuts, although worries about the global economy weighed

Baker Hughes Awarded Contract And Granted Notice To Proceed With Calcasieu Pass Project

The agreement includes Baker Hughes' highly-efficient and reliable modular liquefaction trains, and power generation and electrical distribution equipment for the Calcasieu Pass Project.

whats affecting gas prices

What’s Affecting Gas Prices? (Week of Aug. 20, 2019)

Stratas Advisors forecasts a 53 Bcf injection into gas storage for the week ended Aug. 16.


 

BusinessSee More

25 veterans in energy

Nominate: Hart Energy’s “25 Impactful Veterans in Energy”

Nominate military veterans who demonstrate leadership and make significant contributions to the energy industry through the roles they play fulfilling a company’s mission or advancing its long-term success.

H2O Midstream Adds Sabalo’s Water Assets To Growing Permian Position

Concurrent with the Sabalo acquisition, EIV Capital and multiple co-investors “substantially increased” their equity commitment for H2O Midstream to pursue additional growth in the Permian Basin.

Ambyint Names David Zahn As COO

Ambyint, the leader in AI-powered artificial lift and production optimization, said Aug. 21 it has added David Zahn to its executive leadership team as COO.

Santos First-Half Profit Soars On Higher Output, Quadrant Buy

Australia's No. 2 independent gas producer Santos Ltd on Thursday posted a 89% jump in half-year profit, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.

TechnologySee More

SLB Open Source

Schlumberger Open Sources Data Ecosystem, Contributes To The Open Group Open Subsurface Data Universe Forum

Open source data ecosystem enables collection, integration, management, enrichment and discovery of upstream oil and gas data.

SNF Investing $1.2 Billion To Meet Polyacrylamide Demand

Over the last two years SNF has added 75,000 MT/yr powder-grade polyacrylamide (PAM) production capacity globally to match the increased demand for EOR (Enhanced Oil Recovery) applications.

Wild Well Control Adds Capping Stack To Subsea Well Intervention System

Wild Well Control Inc., a Superior Energy Services company and a global leader in well control and engineering services, has added a new 10,000 psi-rated capping stack to its WellCONTAINED group of subsea containment equipment.

TechnipFMC Wins EPCI Contract For Shell PowerNap Project In GoM

TechnipFMC has been awarded a significant integrated engineering, procurement, construction and installation contract by Shell for the PowerNap project, located in the Gulf of Mexico (GoM).

Exploration & ProductionSee More

(Source: Shutterstock.com)

Offshore Rig Market Continues Recovery

More demand could be around the corner with offshore rig tenders as oil and gas companies step up drilling plans and final investment decisions.

The Mariner Field in located in the U.K. North Sea about 150 km (95 miles) east of Shetland. (Source: Jamie Baikie and Michal Wachucik/Equinor)

Equinor Starts Production At North Sea’s Mariner Field

The startup comes after about 38 years after oil was discovered at the field and about seven years after the development was sanctioned.

(Source: Shutterstock.com)

Brazil Targets Investment Outside Presalt With New Bidding Program

The Permanent Offer bidding program covers 600 exploratory blocks, of which 527 are located in onshore basins.

(Source: Shutterstock.com)

W&T Offshore CEO Eyes More Reserves At Mahogany Field

Production from the Gulf of Mexico field has grown to about 15,550 boe/d (76% liquids) from about 1,290 boe/d in 2011, the company said.

TransactionsSee More

Kinder Morgan Scores Roughly $2.5 Billion Asset Sale

Kinder Morgan Scores Roughly $2.5 Billion Asset Sale

Houston-based Kinder Morgan is cashing in its Canadian affiliate plus ownership in the Cochin pipeline through asset sales to Pembina Pipeline worth roughly $2.5 billion.

Shell Enters Australia Power Industry With $419 Million Bid For ERM Power

The deal would instantly give Shell a power supplier with almost a quarter share of the commercial and industrial retail market in Australia, second only to Origin Energy in that space. It will also get two gas-fired power stations.

A&D Transactions From The Week Of Aug. 21, 2019

Here’s a snapshot of energy deals from the past week including a Permian Basin acquisition by Vermilion Cliffs plus the closing of the roughly $422 million merger of rivals TGS and Spectrum.

On The Market Quicklist (Week Of Aug. 21, 2019)

Here’s a quicklist of oil and gas assets on the market including a roughly 24,000 net-acre contiguous, operated position in the Olmos trend of South Texas and Wolfcamp nonop assets in the Permian.

Policy & RegulationsSee More

south China sea

US Accuses China Of ‘Coercion’ Over Vietnam Offshore Oil

The U.S. has accused China of “coercion” of Vietnam as it seeks to exploit oil and gas in the South China Sea, siding with Hanoi and chastising Beijing in sharp terms over its decision to send Chinese ships to Vietnamese territorial waters.

pompeo

Pompeo: US Removed Almost 2.7 Million Bbl/d Of Iranian Oil From Market

Secretary of state believes that the US can continue with the strategy.

Australia Joins Mission To Protect Gulf Shipping

Prime Minister: ‘Contribution will be limited in scope.’

US Shale Producers Challenge Cactus II Pipeline Surcharge For Steel Tariff

Two U.S. shale producers have challenged an energy pipeline operator's proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.

MidstreamSee More

One View

One View

It’s critical to integrate data into a single source to improve fiscal management.

Detring Expands Into Midstream With Baird Partnership

Upstream A&D firm Detring and multinational investment bank Baird are teaming up to provide strategic advisory and M&A advisory services to midstream energy companies.

NorthStar Midstream To Form LNG Marine Transportation Company

NorthStar has executed an agreement with Fincantieri Bay Shipbuilding to build a 5,400 cubic meter (CBM).

Venture Global Announces Financial Close For Calcasieu Pass LNG

The lender group for Venture Global's $5.8 billion construction financing includes the world's leading Asian, European and North American project finance banks, the company said.