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E&P Case Study: Addressing Wellbore Quality in the Bakken Shale

Shale Plays

E&P Case Study: Addressing Wellbore Quality in the Bakken Shale

Wellbore tortuosity logging provides in-depth information on rod lift challenges in the Bakken Shale as the importance of understanding wellbore quality grows for E&P companies moving forward.

Oilfield Services Investing: Private Equity’s Tech Pivot

Private Equity

Oilfield Services Investing: Private Equity’s Tech Pivot

Private equity’s interest in oilfield services is expanding the definition of what is investable in the OFS space.

Tailwater Capital Strikes Midstream Deal With NorTex

Private Equity

Tailwater Capital Strikes Midstream Deal With NorTex

The NorTex Midstream deal follows the acquisition of Tall Oak II and III by Tailwater Capital last month in Oklahoma’s Arkoma STACK.

MarketsSee More

What’s Affecting Oil Prices This Week? (March 1, 2021)

What’s Affecting Oil Prices This Week? (March 1, 2021)

Growing optimism, growing risks? The price of Brent crude closed last week at $64.63 after reaching $66.78 on Feb. 25, but was still up for the week by 2.73%, Stratas Advisors says in its latest oil price forecast.

Oil Prices Jump More Than $1 as US Output Slow to Restart

Morgan Stanley expects Brent crude prices to climb to $70/bbl in the third quarter on “signs of a much improved market” including prospects of a pick-up in demand.

Oil tanker docked in Mumbai.

US, Canadian Crude Exports to India Surge

In January, oil from the US and Canada accounted for 11% of India’s imports.

Texas Oil Refiners Will Take Weeks to Recover From Winter Storm

The refinery shutdowns will depress prices for U.S. crude oil and widen the spread between U.S. and Brent crude, Paul Sankey of independent energy researcher Sankey Research said.

BusinessSee More

Oil and Gas Investor Cover Story: Animal Spirits

Oil and Gas Investor Cover Story: Animal Spirits

It’s not the Keynes kind; it’s the Jack London kind. E&P executives are restless, according to a Dallas Fed survey, and they’re going mano a mano for market share. Will it manifest in consolidation? Where to next for the sellers? For some, it’s a new land rush: energy transition.

Pickering Energy Partners Doubles Down on Energy Transition with SailingStone Merger

The new partnership expands Pickering Energy Partners’ current investment platform to include SailingStone’s energy transition, global natural resources and ESG investment experience and strategies.

S&P Revises Woodside’s Outlook to ‘Negative’ on Energy Industry Risks

However, S&P Global Ratings reaffirmed Woodside’s long-term issuer credit rating of “BBB+” on hopes that the energy company’s high exposure to LNG and low-cost assets could somewhat counter the risk.

Chevron Launches $300 Million Fund for Energy Transition Technology

Chevron said Future Energy Fund II will focus on innovation in industrial decarbonization, emerging mobility, energy decentralization and the growing circular carbon economy.

TechnologySee More

CW1

Partnerships ‘Incredibly Important’ to Oil Industry’s Low-Carbon Future, BP CEO Says

Oil and gas companies attaining global sustainability goals will depend on partnerships formed across sectors—like BP’s deal with Amazon, says CEO Bernard Looney during CERAWeek.

Upwing Energy Achieves Carbon Neutral Certification

Innovative artificial lift technology will help oil and gas companies meet environmental and production goals.

Petrobras to Hire FPSO Platform from SBM Offshore for Búzios Field

Brazilian oil company Petrobras said it signed a letter of intent on Feb. 24 with Holland’s SBM Offshore to hire a FPSO for the Búzios field in the Santos Basin pre-salt.

Lamprell Lands Aramco Contract for Giant Offshore Oil Field

Lamprell has been awarded an engineering, procurement, construction and installation (EPCI) contract on Feb. 24 by Saudi Aramco as part of their long-term agreement program (LTA) with Lamprell.

Exploration & ProductionSee More

U.S. Energy Development Continues Permian Basin Expansion with Recent Acquisitions

U.S. Energy Development Continues Permian Basin Expansion with Recent Acquisitions

U.S. Energy Development acquired interests in oil development projects that the company’s CEO described as “instrumental” in U.S. Energy’s continued growth and expansion in the Permian Basin.

Israel to Link Leviathan Gas Field to Egypt LNG Plants, Minister Says

Israel and Egypt have agreed to build a pipeline to connect Israel’s offshore Leviathan natural gas field to LNG terminals in northern Egypt, the Israeli minister said on Feb. 21.

E&P Plus Regional Report: Bakken—A Year of Challenges

E&P Plus Regional Report: Bakken—A Year of Challenges

According to Lynn Helms, North Dakota’s director of mineral resources, last year was a “pretty terrible year for the industry” and oil and gas producers in 2021 will be stressed from both ends—investor and market demands.

Yergin: US Shale Will Grow under Biden’s Rule

Yergin: US Shale Will Grow under Biden’s Rule

“There are a lot of economic advantages from shale production and some foreign policy advantages,” says IHS Markit Vice-Chairman and energy guru Daniel Yergin. “And Joe Biden is a foreign policy person.”

TransactionsSee More

Industry of Debt: Oil and Gas M&A Looks for 2021 Reset

Industry of Debt: Oil and Gas M&A Looks for 2021 Reset

As more debt is restructured or discharged, the drag on M&A should lessen, which could lead to the return of dealmaking in the oil and gas sector to pre-pandemic levels, Deloitte says.

A&D Advisory Firm EnergyNet Celebrates 22 Years in Business

EnergyNet has successfully closed $5 billion in oil and gas assets in the past two years, according to the A&D advisory firm’s release.

Energy A&D Transactions from the Week of Feb. 24, 2021

Here’s a snapshot of recent energy deals including a series of transactions in the Duvernay Shale as both Shell and Ovintiv exit the play plus Continental Resources reveals itself as the buyer of Samson Resources’ Powder River Basin position.

On the Market Oil and Gas Quicklist (Week of Feb. 24, 2021)

Here’s a quicklist of oil and gas assets on the market including certain Ageron Energy properties located in the dry gas window of the Eagle Ford Shale in South Texas plus a Caney and Woodford Shale opportunity from Falcon E&P Royalty Holdings.

Policy & RegulationsSee More

Bill Gates Urges Reducing ‘Green Premium’ in Energy Transition

Bill Gates Urges Reducing ‘Green Premium’ in Energy Transition

Oil and gas companies can play a role in the energy transition and bring a particular skillset to help reduce carbon emissions, such as sequestering carbon and burying nuclear waste, Bill Gates says.

Biden, Trudeau Aim to Move Past KXL Disagreement

In Biden’s first bilateral meeting with a foreign leader, the issues of climate change and China are expected to be the main topics.

Deb Haaland

Senate Weighs Interior Nominee Haaland

Republicans on the Energy and Natural Resources Committee are expected to grill her on fossil fuels.

Russia, Saudi Arabia At Odds over Oil Cuts Ahead of OPEC+ Meeting: Reports

Russia, Saudi Arabia At Odds over Oil Cuts Ahead of OPEC+ Meeting: Reports

Key questions for the OPEC+ meeting will be whether Saudi Arabia rolls back its voluntary cut of 1 million bbl/d and whether there is room for an additional increase in supply from the whole oil producer group.

MidstreamSee More

Enbridge Subsidiary Launches Green Hydrogen Injection Project

Enbridge Subsidiary Launches Green Hydrogen Injection Project

Gazifère, an Enbridge subsidiary, and Evolugen, the Canadian operations arm of Brookfield Renewable, revealed plans on Feb. 25 to build and operate one of Canada’s largest green hydrogen injection projects in Quebec.

ArcLight Buys Stake in Kinder Morgan, Brookfield JV for $830 Million

The value of the sale to ArcLight implies an enterprise value of about $5.2 billion for NGPL, jointly owned by Kinder Morgan and Brookfield Infrastructure Partners, which represents 11.2 times its 2020 EBITDA.

Brookfield Formally Launches Hostile Bid to Buy Inter Pipeline for Nearly $6 Billion

Brookfield, which acquires and manages infrastructure assets, is offering CA$16.50 per share for Inter Pipeline, valuing the company at CA$7.08 billion (US$5.62 billion).

Inter Pipeline Launches Review after Rejecting Brookfield’s $6 Billion Bid

Inter Pipeline said on Feb. 18 it has launched a review of options, including a possible ‘corporate transaction,’ just a week after it rejected an unsolicited bid from its largest shareholder.