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MarketsSee More

Busting Myths of Oil’s Demise

Busting Myths of Oil’s Demise

Deloitte analysts find that while peak growth has passed, the industry will remain on solid ground for the foreseeable future. But how companies choose their competitive positioning will determine the new energy order.

China Signs Huge LNG Deals with US Supplier Venture Global

For China—which has this year overtaken Japan as the world's top LNG buyer—the deals will be its single largest LNG trade agreement in terms of volumes without an equity stake, a senior Beijing-based gas industry source said.

Brent’s ‘Scarcity Premium’ Widens to Most Since 2013 in Oil Rally

Carsten Fritsch, analyst at Commerzbank, said the surge in oil prices was due to a tight market, as shown by the 12-month forward curve and the premium at which the first-month futures contract is trading to the second.

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.

BusinessSee More

Exclusive Q&A: Celebrating Petroleum Club of Houston’s 75th Anniversary

Exclusive Q&A: Celebrating the Petroleum Club of Houston’s 75th Anniversary

Petroleum Club of Houston President Paula Harris recently sat down with Hart Energy to discuss the club’s 75th anniversary celebration plus initiatives to keep Petroleum Club traditions going.

Kinder Morgan Profit Rises as Fuel Demand Heats Up

Kinder Morgan also posted a 3% rise in gas pipeline volumes as a scramble to fill gas inventories before the winter heating season in Europe and Asia steadily boosted exports of LNG from the U.S.

Diversified Energy Appoints Teresa Odom as Vice President of ESG, Sustainability

Concurrently with Teresa Odom’s promotion, Diversified Energy said that James (Jim) Sheehan will be joining the company to serve as vice president of investor relations.

Halliburton Posts Third-quarter Profit as Higher Oil Prices Fuel Drilling Demand

Houston-based Halliburton posted adjusted net income attributable to the company of $248 million, or 28 cents per share, in the three months ended Sept. 30, up from the $100 million or 11 cents per share reported a year earlier.

TechnologySee More

Privately Held ProFrac to Buy FTS International for $407.5 million in Cash

Privately Held ProFrac to Buy FTS International for $407.5 million in Cash

FTS International said the all-cash transaction with ProFrac will create one of the largest completions focused service companies in the U.S. oil and gas industry.

Baker Hughes Profit Misses Estimates, Shares Down in Pre-Market Trading

Baker Hughes reported adjusted net income of $141 million, or 16 cents per share, for the third quarter, missing forecasts for earnings of 21 cents per share, according to Refinitiv IBES data.

Clariant Opens State-of-the-art Eagle Ford Technology Center

Clariant Opens State-of-the-art Eagle Ford Technology Center

Investment in the new Eagle Ford site will enhance local innovation and industry sustainability efforts in the dynamic North American market.

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.

Exploration & ProductionSee More


Is Oil and Gas Headed for Divorce?

An energy investment bank executive delves into the divergent paths of oil and gas during Hart Energy’s Energy Transition Capital Conference.

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.


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?


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.

TransactionsSee More

Upstream M&A Takes a Breather, But Dealmaking Remains Strong

Upstream M&A Takes a Breather, But Dealmaking Remains Strong

After a barrage of upstream oil and gas deals in 2021, third-quarter transactions cooled, but an $18.5 billion showing still surpassed the five-year average, a recent report says.

Energy A&D Transactions from the Week of Oct. 20, 2021

Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.

On the Market Oil and Gas Quicklist (Week of Oct. 20, 2021)

Here’s a quicklist of oil and gas assets on the market including Chisholm Oil & Gas STACK nonop opportunity plus Merit Energy Anadarko Basin nonop and mineral/royalty position.

Marketed: Operated Working Interest in Weld County, Colorado

Nickel Road Operating retained Oil & Gas Asset Clearinghouse for the sale of its operated working interest in Colorado’s Weld County located within the western Wattenberg Field oil rim.

Policy & RegulationsSee More

Energy Policy Watch: Avoiding Pitfalls of Europe’s Energy Transition

Energy Policy Watch: Avoiding Pitfalls of Europe’s Energy Transition

Industry expert Tom McNulty joins Energy Policy Watch to discuss the ongoing energy crisis in Europe plus how the U.S. can avoid making the same mistakes in its energy transition.

California Seeks Strict New Limits on Oil Drilling

If finalized, the new oil drilling rules unveiled by California Governor Gavin Newsom on Oct. 21  would be the most stringent of any state in the nation, topping Colorado’s setback requirement approved last year.

North Dakota Approves First Class VI Carbon Capture, Storage Project

This approval allows RTE to commercially capture (dehydrate and compress) and inject the 180,000-metric-ton-per-year CO2 stream into the Broom Creek Formation on RTE property for permanent geologic CO2 storage.

US Democrats Battle over Climate Change Plans in $3.5 Trillion Bill

Democratic Senator Joe Manchin has been an outspoken critic of the bill, saying it spends too much taxpayer money and contains climate change provisions that would hurt his state’s coal mining industry.

MidstreamSee More

Trent Bridges brings years of oil and gas law experience to his new role as partner with Sidley Austin. (Source: Hart Energy; Sidley Austin; LuckyStep, Alhovik/

Q&A: Significant Midstream Consolidation on the Way

New Sidley partner Trent Bridges shares his thoughts on the strategic outlook for midstream companies, pipeline contracts, M&A, renewable fuels, capital markets and regulations.

Enbridge Briefly Shut Line 5 after Protesters Tampered with Pipeline

Line 5 is at the center of a long-running environmental dispute between Calgary, Alberta-based Enbridge and the state of Michigan that has embroiled the Canadian and U.S. governments.

US Crude Oil, Fuel Stocks Dip Further Tightening Supply

Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.3 million barrels to 31.2 million barrels. That’s the lowest level since October 2018, and points to tightness in the market that may take some time to alleviate.

US Supreme Court Refuses Stay Request for Spire Natural Gas Pipeline

Spire has warned that the shutdown of its STL pipeline in Missouri, designed to deliver up to 400 MMcf/d of gas, could cause gas outages for as many as 400,000 in St. Louis this winter.