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Energy Policy Watch: ‘Fatal Flaw’ in Texas Natural Gas Market
Natural gas market expert John Harpole joins Cornerstone Government Affairs’ Jack Belcher for a post-analysis discussion on the 2021 Texas power crisis in the latest edition of Energy Policy Watch.
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MarketsSee More
What’s Affecting Oil Prices This Week? (May 10, 2021)
Oil prices are expected this week to drift sideways with an upward bias, while product prices in the Atlantic Basin will move upward until the Colonial Pipeline is back in service, says Stratas Advisors in its latest forecast.
What’s Affecting Oil Prices This Week? (May 3, 2021)
The oil price movement from the last week is somewhat reflective of the difference in the pace of economic recovery between the U.S., where the economy continues to show signs of a robust recovery, and the Eurozone, which has fallen back into recession, says Stratas Advisors in its latest forecast.
Natural Gas Prospects Lose Steam as Renewables Gather Pace
A drop in green energy costs and tougher emissions targets take shine away from the natural gas industry’s ‘cleaner than coal’ pitch.
OPEC+ Sticks to Plan to Ease Oil Output Cuts Beginning in May
A market monitoring panel decided to stick to policies broadly agreed upon at a previous April 1 meeting of OPEC+, Russian Deputy Prime Minister Alexander Novak said after the talks.
BusinessSee More
From Oil and Gas Investor Editor-in-Chief: The Bear Case Privates
As public E&Ps promise capital discipline and slow or no growth through 2021, an unexpected and potentially price-busting trend is developing behind the scenes. Could private oil and gas producers ruin it for everyone?
EOG Resources First-quarter Profit Surges as Oil Prices Rebound
Rising oil prices have sparked optimism for EOG Resources and other shale producers after enduring a year of destruction in the oil markets, with WTI futures in the U.S gaining 23% in the first quarter.
Exxon Mobil Expects $200 Million in Charges for Job Cuts This Year
Exxon Mobil, the biggest U.S. oil producer, has slashed costs, delayed projects and said it could trim an estimated 14,000 employees globally, or 15%, including contractors.
Marathon Oil, Apache First-quarter Profit Beats Estimates
The swing to profit in the first quarter also comes as Marathon Oil and other shale producers slashed spending and production last year.
TechnologySee More
Ørsted Completes Permian Energy Center
The company's first utility-scale solar plus battery storage project of 460MWAC reaches commercial operation, making Ørsted the first developer to operate the full spectrum of new renewable technologies at utility scale in the U.S.
CGG Bags OBN Imaging Work with Equinor in Brazil
CGG has been awarded a major contract by Equinor on May 10 for the seismic imaging of its Bacalhau 3D ocean bottom node (OBN) survey covering 409 sq km currently being acquired in Brazil’s deepwater Santos Basin.
Comstock Resources to Deploy BJ Energy's TITAN Frac Tech across Haynesville Assets
A TITAN fleet will be deployed to Comstock's Haynesville operation in early 2022, representing the company's second TITAN fleet in the basin.
AWS Launches Clean Energy Accelerator for Startups
The goal of the AWS Energy Accelerator is to help startups working in clean energy accelerate their impact, access additional resources, and expand their reach.
Exploration & ProductionSee More
EOG Embraces ‘Double Premium’ Drilling Strategy
Houston-based EOG Resources is focusing on so-called “double premium” wells that yield a 60% direct after-tax rate of return at $40/bbl WTI and $2.50 Henry Hub.
What’s Next for the Global Oil Market?
Energy experts at Rice University’s Baker Institute share insight on OPEC+, U.S. shale and global oil demand.
Exxon Mobil Strikes Oil at Uaru-2 Offshore Guyana
The find pushes the estimated amount of discovered recoverable resources on the Stabroek Block offshore Guyana beyond 9 billion barrels of oil equivalent, Exxon Mobil and partners say.
Summer Outlook Appears Favorable for US Natgas Production, LNG Exports
A myriad of potential risks to production, however, are at play, according to analysts.
TransactionsSee More
Bonanza Creek, Extraction Merger to Create Largest Pure-play D-J Basin Producer
The combined company, to be named Civitas Resources, will be the largest pure-play energy producer in Colorado’s Denver-Julesburg Basin, with an aggregate enterprise value of approximately $2.6 billion.
Marketed: Henry Resources Permian Basin Nonop Divestiture
Henry Resources LLC has retained TenOaks Energy Advisors as its exclusive adviser in connection with the sale of its nonoperated working interest properties in the Permian Basin across West Texas and southeastern New Mexico.
Marketed: Barnett Shale Nonop Working Interest Package
Black Falcon Energy retained EnergyNet for the sale of a Barnett Shale opportunity that includes interest in nearly 1,000 wells across North Texas.
On the Market Oil and Gas Quicklist (Week of May 5, 2021)
Here’s a quicklist of oil and gas assets on the market including Fairway Resources Oklahoma properties and Kaiser-Francis Oil well package in Louisiana plus the offer from Centennial Resource Production to acquire or farm in certain operated assets in the Permian Basin of Reeves County, Texas.
Policy & RegulationsSee More
Energy Policy Watch: ‘Fatal Flaw’ in Texas Natural Gas Market
Natural gas market expert John Harpole joins Cornerstone Government Affairs’ Jack Belcher for a post-analysis discussion on the 2021 Texas power crisis in the latest edition of Energy Policy Watch.
Mexico Port Works on US-Sanctioned Cuban Tankers that Carry Venezuelan Oil
Work on the tankers could potentially violate sanctions on Venezuela, lawyers say.
Germany, Russia Flag Hydrogen Cooperation
Natural gas imports from Russia will be a necessary bridge fuel, a top German official says.
Want to Monetize Your Energy Transition Efforts? Here’s How
Experts discuss how emissions factor into profitability in the era of energy transition and the need for standardization in how to measure them.
MidstreamSee More
Damage to Colonial Pipeline System from Cyberattack Still Unknown
It’s too soon to gauge the price impact on fuel or the data impact to Colonial Pipeline after a cyberattack forced its systems offline, experts say.
Colonial Pipeline Latest: US Government to Help Operator after Cyberattack
The attack is one of the most disruptive digital ransom operations reported and has prompted calls from American lawmakers to tighten protections for critical U.S. energy infrastructure against hackers.
Enbridge to Defy Looming Michigan Shudown Order of Line 5
Michigan Governor Gretchen Whitmer last year revoked the easement for Enbridge’s Line 5 pipeline, or permission to operate, and ordered it to shut down no later than May 12.
TC Energy Posts C$1 Billion Loss on KXL Suspension
Company attributes the first-quarter loss to halting work on the Keystone XL pipeline.
