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Public Capital

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.

Health, Safety & Environment

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

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

Private Equity

Former Enron CEO Jeffrey Skilling Reportedly Seeks To Launch New Energy Venture

Former Enron Corp. CEO Jeffrey Skilling has been holding meetings, hoping to win backing for a new energy venture, the Wall Street Journal reported citing unnamed sources.

Rig Counts

US Oil Drillers Cut Rigs For Fifth Consecutive Week

Drillers cut nine oil rigs in the week to March 22, bringing the total count down to 824, the lowest since April 2018, Baker Hughes, a GE company (NYSE: BHGE), said in its weekly report.

Lease Sales

Marketed: Titan Energy Oklahoma Mississippi Lime Assets

Titan Energy retained PetroDivest Advisors for the sale of producing properties, gathering systems and leasehold in the Mississippi Lime play across Oklahoma.

Liquefied Natural Gas (LNG)

Gazprom Expects Tough Competition From US LNG Exports To Europe

Comments from executive contrast with company’s previous statements.

Trending Stories

Markets

Frac Spread: Surplus Could Lead To Pro-Pain

Exports are insufficient so far to keep propane inventories manageable, but as the price continues to drop, that could change.

Tanzania To Conclude Talks For Delayed LNG Project In September

Tanzania says it plans to conclude talks in September with a group of foreign oil and gas companies led by Norway's Equinor on developing a liquefied natural gas (LNG) project in the East African country.

Gazprom Expects Tough Competition From US LNG Exports To Europe

Comments from executive contrast with company’s previous statements.

Iran’s Oil Exports Fall Even Before Further US Clampdown

Iran vows to continue to export oil, but statistics indicate economic pressure.

Business

Reserve Reports May Signal Shale Stress For North American E&Ps

Simmons Energy analysts reveal that unconventional shale is “showing signs of stress” as E&Ps disclose performance-related reserve writedowns.

Former Enron CEO Jeffrey Skilling Reportedly Seeks To Launch New Energy Venture

Former Enron Corp. CEO Jeffrey Skilling has been holding meetings, hoping to win backing for a new energy venture, the Wall Street Journal reported citing unnamed sources.

Reserve Reports May Signal Shale Stress For North American E&Ps

Simmons Energy analysts reveal that unconventional shale is “showing signs of stress” as E&Ps disclose performance-related reserve writedowns.

E.ON To Start Construction On South Texas Windfarm

Peyton Creek at 151 MW will bring U.S. total generation capacity to 4 GW mark.

Technology

HART ENERGY CONNECT: Technology ‘Writing Safe, Smart Future Operations’ 

Dr. Peter Terwiesch, president industrial automation, ABB, discusses automation in the energy sector.

Dyna-Mac Secures Fabrication Contracts For $150 Million

The board of directors of Dyna-Mac Holdings Ltd. said on March 21 that it has secured several fabrication contracts totaling approximately $150 million from its long-standing customers.

Archer CEO John Lechner Resigns

Archer Ltd . CEO John Lechner has resigned from his position, effective immediately, the company said on March 22.

Canadian CO2 Removal Firm Backed By Chevron, Occidental Secures Financing To Expand

Carbon Engineering has exceeded its financing target which will enable it to deploy its first commercial operation to remove CO₂ directly from the air.

Exploration & Production

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?

Australian State Poll Threatens $2 Billion Coal Seam Gas Project

The Narrabri project, owned by Santos Ltd., could ease a looming gas shortage in eastern Australia, but is at risk of becoming a casualty in a weekend election in the country’s most populous state.

Murphy Oil Cashes Out Of Malaysia In Over $2 Billion Sale

Murphy Oil plans to use proceeds from its Malaysia exit to PTTEP for share buybacks as well as funding Eagle Ford Shale and U.S. Gulf of Mexico operations.

Transactions

A&D Trends: Buck Rogers Vs. Michael Corleone

The beginning of February brought a sense of just how off-kilter 2019 is setting out to be.

A&D Trends: Buck Rogers Vs. Michael Corleone

The beginning of February brought a sense of just how off-kilter 2019 is setting out to be.

Marketed: Titan Energy Oklahoma Mississippi Lime Assets

Titan Energy retained PetroDivest Advisors for the sale of producing properties, gathering systems and leasehold in the Mississippi Lime play across Oklahoma.

Marketed: West Texas Leasehold In Pecos And Terrell Counties

323 Exploration retained EnergyNet for the sale of more than 12,000 net leasehold acres in West Texas through a sealed-bid offering.

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?

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. 

Venezuela, China In Focus For Trump Meeting With Caribbean Leaders

President Donald Trump is set to meet with five Caribbean leaders on March 22 who have sided with the United States and most Western countries in backing Venezuelan opposition leader Juan Guaido as head of state.

Transport

Rocky Road Ahead For Colorado

Even as oil and gas production increase out of the Rockies region, the industry faces a number of pressing issues that could significantly halt this growth.

EPIC Permian Crude Pipeline On Track To Begin Interim Service In Q3

Project had been planned to be in service in January.

Frac Spread: Surplus Could Lead To Pro-Pain

Exports are insufficient so far to keep propane inventories manageable, but as the price continues to drop, that could change.

HART ENERGY CONNECT: Tackling Permian’s Top Challenges

Dave Tredinnick, group president, flow solutions, Emerson discusses educational service center in the basin.