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MarketsSee More

What’s Affecting Oil Prices This Week? (Oct. 18, 2021)

What’s Affecting Oil Prices This Week? (Oct. 18, 2021)

While the news about COVID-19 and supply/demand fundamentals remain favorable, Stratas Advisors says they see other factors that will moderate oil prices.

Shrinking Spare Oil Capacity Underscores Need for More Investment, IEA Says

Spare capacity is an important cushion for the oil market as it allows producers to quickly respond to unplanned outages that could tighten the market and cause big fluctuations in prices.

Saudi Arabia Energy Minister Dismisses Calls for Extra OPEC+ Barrels

OPEC and allies led by Russia, collectively known as OPEC+, have done a “remarkable” job acting as “so-called regulator of the oil market,” says Saudi Arabia energy minister Prince Abdulaziz bin Salman.

Cheniere to Sell LNG to China’s ENN in Long-term Deal

This is the first major binding deal for natural gas between the U.S. and China since a long-standing trade war which brought gas trade between both countries to a temporary standstill.

BusinessSee More

Flared Gas Crypto Mining: From Commodity to Currency

Flared Gas Crypto Mining: From Commodity to Currency

Once gone to waste, flared gas is becoming the energy source of choice to power advanced computing systems used for cryptocurrency.

US $500 Million Joint Venture Aims to Curb Climate Change with Forest Investments

The JV with Oak Hill Advisors, called Bluesource Sustainable Forests Co., aims to purchase and more sustainably manage more than one million acres of forests in North America.

Unstoppable Devon: Executive Q&A with CEO Rick Muncrief

Unstoppable Devon: Executive Q&A with CEO Rick Muncrief

When Devon Energy Corp. and WPX Energy Inc. merged to combine strengths during the 2020 downturn, they proved one plus one equals three times the value. Looking ahead, could the new company be the next E&P juggernaut?

Shell Flags $400 Million Hit from Hurricane Ida to Earnings

However, in an update ahead of quarterly results this month, Shell also flagged a boost to cash flows from soaring natural gas and electricity prices.

TechnologySee More

Deloitte Greenhouse Helps Businesses Develop Strategies for Low-carbon Future

Deloitte Greenhouse Helps Oil Sector Develop Strategies for Low-carbon Future

Deloitte’s Houston-based Greenhouse is an immersive environment helping oil and gas businesses devise low-carbon solutions to meet the evolving needs of the energy transition.

Schlumberger Wins Contract for Development of Turkey’s Largest Gas Field

The Sakarya offshore greenfield represents the largest gas reserve ever discovered in Turkey. The subsea development will be located approximately 100 nautical miles into the Black Sea.

ION Launches New Modules to Climate-smart Platform Marlin SmartPort

The company launched two new Marlin SmartPort modules: the Agent Portal enables agents and vessels to access a wealth of real-time information and ION’s Billing Management module captures a time stamp of all billable port activities that can be integrated into existing financial systems.

Aker Solutions, DeepOcean, Solstad Offshore Create Offshore Renewables Alliance

The alliance will be able to offer product deliveries, fabrication services as well as marine and subsea operations and associated engineering services within offshore renewables industries.

Exploration & ProductionSee More


What Higher Gas Prices Mean for US Shale This Winter

Gas prices have rallied, but what will be the implications for the North American shale market in the months ahead?

EU To Seek Ban on Oil, Gas Exploration in the Arctic

The European Commission proposal reflects the EU's efforts to boost its role on the global stage, though it has limited influence in the Arctic.


Analysts Warn of Dead DUC Headwinds Ahead for US Shale

Shale producers must increase capex in 2022 to keep oil and gas production from falling as the inventory of drilled but uncompleted wells decrease, analysts say.

PDC Energy Receives First Approved Permit under New Rulemaking for Weld County Wellpad

PDC Energy Inc. has received approval from the Colorado Oil and Gas Conservation Commission (COGCC) for its Spinney Oil and Gas Development Plan (OGDP) permit application, the company said on Oct. 6.

TransactionsSee More

Warburg’s Citizen Energy Expands in Oklahoma with $153 Million Bolt-on

Warburg’s Citizen Energy Expands in Oklahoma with $153 Million Bolt-on

Warburg Pincus-backed Citizen Energy agreed to acquire from an undisclosed seller 28,000 net acres described as a “gas-rich, bolt-on acquisition” to the company’s existing Anadarko Basin footprint.

Marketed: Merit Energy Anadarko Basin Nonop, Mineral/Royalty Position

Merit Energy Co. retained PetroDivest Advisors for the sale of its oil and gas nonoperated working interest and mineral and royalty interest concentrated in the core of the Anadarko Basin.

Marketed: Chisholm Oil & Gas STACK Nonop Opportunity

Chisholm Oil & Gas retained Stephens Inc. for the sale of a nonoperated opportunity in the STACK play of Oklahoma, the majority of which is located in Kingfisher County.

Marketed: Jetstream Royalty Partners Delaware Basin Position

Jetstream Royalty Partners retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its Delaware Basin royalty properties in New Mexico and West Texas.

Policy & RegulationsSee More

Why You Shouldn’t Count Colorado Oil and Gas Out

Why You Shouldn’t Count Colorado Oil and Gas Out

With a rigorous regulatory and environmental framework, here’s why oil and gas producers in the Centennial State have a key role to play in the “clean energy future,” according to Dan Haley, CEO of the Colorado Oil and Gas Association.

US, EU Line Up over 20 More Countries for Global Emissions Pact

The U.S. is due to release oil and gas methane emissions regulations in the coming weeks, and the EU will unveil detailed methane legislation later this year.

White House Stands by Calls for OPEC+ to Do More on Oil Prices

A White House official said the Biden administration was closely monitoring the cost of oil and gasoline and “using every tool at our disposal to address anti-competitive practices in U.S. and global energy markets to ensure reliable and stable energy markets.”

Saudi to Supply Additional Crude to Some Asian Refiners in November

Saudi Aramco has agreed to supply additional crude to at least three Asian buyers in November, while meeting full contractual volumes for four others, sources with knowledge of the matter said on Oct. 11.

MidstreamSee More

The midstream project harvest experienced a lean Autumn. (Source: Hart Energy; Maksim Safaniuk, John Brueske/

Midstream Project Update: A Lean Harvest

EPIC Y-Grade’s super system and other midstream projects move forward but PennEast finally calls it quits.

Icahn Seeks Control of Southwest Gas after It Proceeds with Questar Pipelines Acquisition

Activist investor Carl Icahn said he worries Southwest Gas will issue stock at “ridiculously low prices to ‘cherry picked’ friends who will be blindly supportive of CEO John Hester.”

TC Energy Partnership to Develop Clean Hydrogen Hubs Across US, Canada

A key objective of TC Energy’s collaboration with U.S.-based electric truck maker Nikola Corp. is to establish hubs producing 150 tonnes or more of hydrogen per day near highly traveled truck corridors.

Kinder Morgan Delays Restart of Southeast Pipeline Due to Flooding

Kinder Morgan’s Products (SE) Pipe Line, which was shut Oct. 1 after a leak was discovered, spans from Louisiana to Virginia and has the capacity to carry more than 700,000 bbl/d of gasoline, jet fuel and diesel.