Washington, D.C.-based solar energy firm Sol Systems and KKR announced a new strategic partnership in which KKR is committing up to $1 billion to acquire shovel-ready projects.
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Find out why oil and gas companies embracing both digital and low-carbon technologies through acquisitions should be prepared to stand up to scrutiny.
High levels of government intervention in climate policy will likely not slow down oil demand over the next decade, new study says.
Mexican state-owned utility’s criminal investigation targeting WhiteWater could have a chilling effect on other U.S. energy companies looking at opportunities in the country.
Oil prices fell sharply on July 19 after OPEC+ overcame internal divisions and agreed to boost output, sparking concerns about a crude surplus as COVID-19 infections rise in many countries.
FERC alleged Total made intentionally losing trades—known as “uneconomic” trading—in order to affect index prices in the U.S. Southwest on at least 38 occasions between 2009 and 2012.
Nearly half of the increase in global electricity demand will have to be met by burning fossil fuels, notably coal, says the IEA adding it expects particularly strong demand in the Asia Pacific region, primarily China and India.
The oil and gas industry is being pressured in multiple ways to reduce emissions and redouble energy transition efforts but the technology and services sector is already making progress. Here’s how.
Pipeline operator Kinder Morgan took a non-cash impairment charge of $1.6 billion in the second quarter related to anticipated lower volumes and rates on contract renewals for its South Texas natural gas processing and gathering assets.
Hess was recognized as the No. 1 energy company on the 100 Best Corporate Citizens list for its outstanding ESG transparency and performance this past year, the global independent oil and gas company said.
So far in 2021, Earthstone Energy has completed two acquisitions in the Permian Basin and announced another in the Eagle Ford Shale for a total of $360 million spent in aggregate acquisitions, says CEO Robert J. Anderson.
The new digital twins of Neptune’s wells were developed in collaboration with InformatiQ, a leading oil and gas data visualization specialist that combines infrastructure, wells and geology data to create detailed 3D models.
Enteq Upstream, the oilfield services technology and equipment supplier, has appointed Suki Gill as the vice president of business development to drive the company’s technology growth, Enteq said on July 21.
TotalEnergies and Technip Energies signed a technical cooperation agreement on July 21 to jointly develop low-carbon solutions for LNG production and offshore facilities to accelerate the energy transition.
Oilfield services provider Baker Hughes Co. said on July 21 its adjusted profit fell 9% in the second quarter from the previous three months and it missed Wall Street estimates for earnings, as crude producers kept a tight lid on spending.
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.
Greenland has ended its 50-year ambition to become an oil producing nation after announcing on July 16 it would suspend a strategy of searching for oil and would stop granting exploration licenses.
U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is "greener gas" that has been certified as coming from low-emission operations or from renewable sources such as landfills.
Whiting Petroleum entered into separate definitive agreements totaling $458 million to acquire Williston Basin assets in North Dakota and divest all its oil and gas assets in the D-J Basin of Colorado.
Pony Oil Operating LLC retained Detring Energy Advisors for the sale of its oil and gas mineral and royalty interests in the Delaware Basin located throughout New Mexico’s Lea and Eddy counties.
Here’s a snapshot of recent energy deals including Kinder Morgan’s entry into the energy transition space through a $310 million acquisition.
Here’s a quicklist of oil and gas assets on the market including the sale of producing conventional properties in the East Texas Basin by Rockcliff Energy plus Blackbeard Operating Delaware Basin working interest.
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.
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.
The agreement will resolve a long-standing dispute over the $11 billion pipeline, now 98% complete, being built under the Baltic Sea to carry gas from Russia's Arctic region to Germany.
U.S. officials insist they continue to oppose the Nord Stream 2 gas pipeline, but said the U.S.-German agreement would mitigate the possibility of Russia using energy as a weapon.
Shell-shocked E&Ps posed challenges for midstream companies during the pandemic, but strategies based on renegotiating contracts, positioning for advantage in upcoming bankruptcies and broadening product offerings have shown that the sector has plenty of fight.
Kinder Morgan CEO Steven Kean told analysts during a conference call late on July 21 that the Permian Basin will probably need another gas pipeline in the middle of the decade.
Mariner East transports liquids from the Marcellus/Utica shale in western Pennsylvania to customers in the state and elsewhere, including international exports from Energy Transfer’s Marcus Hook complex.
The initial project, which began in late May, supported a NGL customers’ highly efficient simultaneous fracturing, or simul-frac, completion activities in New Mexico’s Lea County within the northern Delaware Basin.