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MarketsSee More

Natural Gas Snapshot: What’s Going On?

Natural Gas Snapshot: What’s Going On?

The big question is will shale producers continue to hold the reins on capital spending despite the recent dramatic move in natural gas prices?

US Gulf Crude Oil Ramps Up after Hurricane Losses

U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production with local prices easing as more shipments moved out of the region.

Biden Administration Probing Why Gasoline Prices Are Not Falling

“There’s lots of evidence that gas prices should be going down but they haven’t,” U.S. President Joe Biden said on Sept. 16, adding his team was “taking a close look at that.”

Record Gas Prices Could Speed Up Launch of Russia’s Nord Stream 2 Pipeline

The Nord Stream 2 pipeline, which would help Moscow to bypass political foe Ukraine in transiting gas to European markets, doubles Russia’s annual gas export capacity.

BusinessSee More

Chevron Corp.

Chevron to Maintain ‘Capital Discipline’ in Clean Energy Expansion, CEO Says

Similar to other major oil and gas producers, California-based Chevron has come under pressure to address climate change and reduce greenhouse-gas emissions. 

Chevron CEO Prefers Paying Dividend over Wind, Solar Investments

Investors can instead use dividend payments from Chevron to invest directly in renewable projects, CEO Mike Wirth said during a recent interview.

Oilfield Helping Hands Launches New Haynesville Chapter

By opening an active chapter in the Haynesville geographic region, even more upstream oil industry employees will be able to meet the eligibility criteria for assistance from OHH.

Former Concho Exec Travis Counts Joins Bracewell Oil and Gas Practice

Over the course of his career, Travis Counts has negotiated and closed transactions exceeding $75 billion in aggregate value over the course of his career, including Concho Resources’ recent merger with ConocoPhillips.

TechnologySee More

Hart Energy-E&P Offshore Roundtable

Offshore Exploration: How to Swim, Not Sink

In this roundtable, offshore experts provide insights on how new technologies are opening the door to a new era of productivity and efficiency in offshore exploration.

Halliburton Secures Offshore Israel Drilling Campaign

The work follows a successful four well offshore drilling campaign that Halliburton previously executed in the Karish and Karish North gas fields.

Aker Solutions Wins ConocoPhillips Contract

Aker Solutions has been awarded a large topside modification contract by ConocoPhillips Skandinavia AS on Sept. 10 for Tommeliten Alpha, offshore Norway.

Milestone Launches Carbon Sequestration Business Headed by Chris Davis

Milestone Environmental Services’ newly created carbon sequestration business unit will focus on carbon capture and sequestration for middle-market emitters.

Exploration & ProductionSee More

ConocoPhillips Shares Insight on Boosting the Bakken EUR

ConocoPhillips Shares Insight on Boosting Bakken EUR

ConocoPhillips, which is advancing recovery from its Bakken wells, discusses its forward plans for the Williston Basin.

Permian-Basin-shale-oil

Pioneer Natural Resources Goes Longer in Permian Basin

The Permian Basin operator plans to drill more 15,000-ft laterals and is studying whether it should go even longer.

global-oil-shale-EOG

EOG Resources Keeps Sights on Global Mile Markers

The U.S. shale player with international assets awaits the return of oil growth and generalist investors as it strengthens its inventory, says EOG President Ezra Yacob.

Exxon Mobil Expands Offshore Guyana Resource with New Pinktail Oil Find

Exxon Mobil Expands Offshore Guyana Resource with New Pinktail Oil Find

Exxon Mobil also announced the Liza Unity FPSO vessel to be utilized for the Liza Phase 2 development set sail from Singapore to Guyana in early September.

TransactionsSee More

Global Investment Firm Buys Rosewood Eagle Ford Asset in $450 Million Deal

Global Investment Firm Buys Rosewood Eagle Ford Asset in $450 Million Deal

Warwick Investment Group closed an agreement with Rosewood Resources to acquire its operated oil and gas assets in Texas’ Eagle Ford Shale that immediately offsets Warwick Athena, a company the firm manages.

Marketed: Foundation Energy Operated Well Package in Arkansas, Oklahoma

Foundation Energy retained EnergyNet for the sale of a 278 well package with operations in various counties across Arkansas and Oklahoma through a sealed-bid offering closing Oct. 14.

Suncor Partners with Indigenous Communities to Buy Pipeline Stake from TC Energy

Suncor, three First Nations and five Métis communities will own a 15% stake in this pipeline asset with a value of about CA$1.3 billion. (US$1.03 billion).

Energy A&D Transactions from the Week of Sept. 15, 2021

Here’s a snapshot of recent energy deals including the sale by Colgate Energy of the Permian Basin water assets it had recently acquired as part of its $508 million acquisition from Occidental Petroleum.

Policy & RegulationsSee More

Op-ed: US Climate Policy Should Avoid ‘Partisan Trenches’

Op-ed: US Climate Policy Should Avoid ‘Partisan Trenches’

U.S. Representatives David McKinley (R-WV) and Kurt Schrader (D-OR) make the case for an alternative clean energy bill that the lawmakers claim will break the climate gridlock in Washington.

Data Project Backed by Al Gore Aims for Real-Time Emissions Monitoring

Other details about the precise sources of climate change are also shown in the material by Climate TRACE, drawing on data from satellites and high-level computer analysis.

Argentina Sends Energy Bill to Congress to Boost Vaca Muerta

The project propose an incentive scheme based on increased approvals for oil and gas exports, and boosting access to foreign exchange markets—now hindered by capital controls.

Oil and Gas Industry Braces for ‘Punitive’ Methane Fee

Oil and Gas Industry Braces for ‘Punitive’ Methane Fee

Here’s why even oil and gas producers that support cracking down on emissions are up in arms over a proposal to tax American methane pollution.

MidstreamSee More

Kinder Morgan to Convert Louisiana Facility for Renewable Fuels

Kinder Morgan to Convert Louisiana Facility for Renewable Fuels

As part of its plans to retrofit the Louisiana terminal assets, Kinder Morgan formed a partnership with Neste, one of the leading providers of renewable and circular solutions.

Former Magellan Midstream VP Trent Bridges Joins Sidley as Partner in Houston

Trent Bridges’ near-decade of experience at Magellan Midstream will help grow Sidley Austin’s midstream transactional and regulatory practices, says Cliff Vrielink, global leader of the energy and infrastructure practice at the firm.

Chevron Forms JV to Advance Carbon Capture from Midcon, Gulf Coast Operations

Chevron Forms JV to Advance Carbon Capture from Midcon, Gulf Coast Operations

Chevron’s partnership with Enterprise Products Partners has the potential to advance the U.S. oil major’s ongoing work to grow its lower carbon businesses with commercial scale, says Jeff Gustavson, president of Chevron New Energies.

Enbridge Acquires EnCap Flatrock-backed Moda Midstream in $3 Billion Cash Deal

Enbridge Acquires EnCap Flatrock-backed Moda Midstream in $3 Billion Cash Deal

The acquisition of Moda Midstream, which includes 100% operating interest in the Ingleside Energy Center—North America’s largest crude export terminal—significantly advance Enbridge’s U.S. Gulf Coast export strategy.