Graduate energy education takes multiple forms, and it could help industry professionals, including executives, address the sector’s present and future challenges. These brief overviews of U.S.-based graduate business and technical programs are intended to help readers identify programs relevant to them.
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Behold! Like the ancients scanning the sky for portents, large bodies are colliding in the observable M&A-verse of upstream oil and gas.
The oil industry has had a turbulent time of late but new technologies are continually helping to shape its future in exciting and innovative ways, says TriStone Holdings Director Henry Berry while examining some of the most noteworthy industry tech out there.
Analysts said WTI crude increased late in the day as more Texas oil refineries started to return to service, including Valero Energy’s Port Arthur plant and Citgo Petroleum’s Corpus Christi plant.
In January, oil from the US and Canada accounted for 11% of India’s imports.
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.
After the traumas of 2020, we see some positive signs in traditional oil and gas, although we are not naïve enough to think the industry will have smooth sailing from here on.
Chevron said Future Energy Fund II will focus on innovation in industrial decarbonization, emerging mobility, energy decentralization and the growing circular carbon economy.
Matt Fox, who served in several leadership roles at ConocoPhillips before becoming COO in 2018, helped guide the company’s “successful transformation” into an independent E&P, says CEO Ryan Lance.
U.S. oil producer Apache raised its project spending forecast to $1.1 billion for this year as oil prices have improved since its previous outlook of keeping upstream expenses below a billion dollars.
Collaboration and innovation are crucial to advancing technologies needed to meet the growing push for sustainability and cleaner forms of energy, Exxon Mobil executive says.
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 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.
Oil States International Inc. has revealed on Feb. 23 that Chris Cragg, executive vice president of operations will depart the company effective March 1, 2021 to pursue other opportunities.
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 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.
“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.”
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.
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.
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.
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.
The Texas Railroad Commission, though, likely does not have the authority to interfere with contracts between companies to sell gas out of state, says Commissioner Jim Wright.
Governor Greg Abbott directed Texas natural gas providers not to ship outside the state until Feb. 21 and asked the state energy regulator to enforce his export ban.
The discussions on ways Washington can compensate oil-dependent states are a sign President Joe Biden’s administration has begun studying the financial and political cost of halting new federal oil leases.
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.
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, 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 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.