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Oil and Gas Investor A&D Trends: Automatic Earth
After months of buying and selling chaos, oil and gas A&D finally went full-on Adderall as it barreled into the official start of summer.
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MarketsSee More
What’s Affecting Oil Prices This Week? (July 26, 2021)
Back on trend? Stratas Advisors is projecting that demand will continue to outstrip supply throughout the rest of the year in its latest oil price forecast.
US Weighs Crackdown on China’s Import of Iranian Oil
Chinese refiners are the biggest importers of Iranian oil. That U.S. officials are hinting at a possible crackdown may be a veiled threat that Washington has ways to exact a price from Tehran, says analyst.
Climate Policies Unlikely to Disrupt Oil Demand Growth, Study Shows
High levels of government intervention in climate policy will likely not slow down oil demand over the next decade, new study says.
Opinion: OPEC+ Deal Should End $100 Oil Predictions
So far the evidence from crude oil demand appears to favor the bearish narrative that the world economic recovery is not happening fast enough, especially in the top oil-importing region of Asia.
BusinessSee More
Oil and Gas Investor Enerplus CEO Q&A: Doubling Down on the Bakken
The original Canadian royalty trust and one of the first E&Ps to explore the Bakken Shale, Enerplus Corp. remained under the radar for many years—until now. The conservative Calgary producer re-emerges with two fast deals and a basket of new top-tier inventory.
Retired Marathon Oil Exec Mitch Little Joins Helix Energy Solutions
T. Mitch Little previously served as executive vice president of operations for Marathon Oil from August 2016 until his retirement in December 2020
NextEra Energy’s Profit Energized by Renewable Demand Surge
NextEra Energy has recently seen its investor base rise, as countries and corporations move further away from fossil fuels, and last year had briefly pipped Exxon Mobil Corp. as the largest U.S. energy firm by market value.
Hart Energy Launches Energy ESG Awards Program
The awards program will recognize oil and gas companies that are ahead of the curve in meeting ESG goals.
TechnologySee More
Neptune Energy Digitizes Wells with Gaming Tech to Enhance Production, Cut Costs
The new digital twins of Neptune’s wells were developed in collaboration with InformatiQ, a leading oil and gas data visualization specialist that combines infrastructure, wells and geology data to create detailed 3D models.
Schlumberger's Profit Beats Forecast as Margins Soar on Revenue Gains
Oilfield services giant Schlumberger NV issued a bullish forecast for 2021 on July 23 as second-quarter profit topped estimates due to surging margins, with a rebound in oil prices boosting demand for its software and equipment.
Enteq Upstream Appoints Suki Gill as Vice President of Business Development
Enteq Upstream, the oilfield services technology and equipment supplier, has appointed Suki Gill as the vice president of business development to drive the company’s technology growth, Enteq said on July 21.
TotalEnergies, Technip Partner to Advance Low-Carbon Solutions for LNG, Offshore Facilities
TotalEnergies and Technip Energies signed a technical cooperation agreement on July 21 to jointly develop low-carbon solutions for LNG production and offshore facilities to accelerate the energy transition.
Exploration & ProductionSee More
Shell Green-lights Giant Gulf of Mexico Deepwater Project
The deepwater development, named Whale, was discovered in the U.S. Gulf of Mexico’s Alaminos Canyon Block 773 by operator Shell and partner Chevron in 2017.
Greenland Ends Unsuccessful 50-Year Bid to Produce Oil
Greenland has ended its 50-year ambition to become an oil producing nation after announcing on July 16 it would suspend a strategy of searching for oil and would stop granting exploration licenses.
US Natgas Producers Hope Customers Will Pay More for 'Green Gas'
U.S. natural gas producers hope climate-conscious electric utilities and gas exporters will pay a premium for what they say is "greener gas" that has been certified as coming from low-emission operations or from renewable sources such as landfills.
Permian Tech Talk
In this roundtable, Baker Hughes, NOV and TGS experts share their insights on latest technology innovations and happenings in the Permian Basin.
TransactionsSee More
Oil and Gas Investor A&D Trends: Automatic Earth
After months of buying and selling chaos, oil and gas A&D finally went full-on Adderall as it barreled into the official start of summer.
Marketed: Delaware Basin Working Interest, XTO Karino Unit, Pecos County, Texas
Texas Independent Exploration Ltd. retained EnergyNet Indigo for the sale of nonoperated working interest within XTO Energy’s Karino Unit located within the Delaware Basin in Pecos County, Texas.
Marketed: Pony Oil Operating Delaware Minerals Acquisition Opportunity
Pony Oil Operating LLC retained Detring Energy Advisors for the sale of its oil and gas mineral and royalty interests in the Delaware Basin located throughout New Mexico’s Lea and Eddy counties.
Energy A&D Transactions from the Week of July 21, 2021
Here’s a snapshot of recent energy deals including Kinder Morgan’s entry into the energy transition space through a $310 million acquisition.
Policy & RegulationsSee More
Q&A: Scott Angelle on the Environmental Advantage of US Oil, Gas
Former BSEE director Scott Angelle shares his thoughts on the energy transition and why the U.S. has some of the most environmentally advantaged barrels compared to other parts of the world.
Canada's Quebec Rejects LNG Export Project, Citing Environmental Concerns
The Canadian province of Quebec on July 21 rejected a LNG export project for the Port of Saguenay, citing environmental concerns, in the latest blow to North American LNG development.
US, Germany Deal on Nord Stream 2 Pipeline Draws Ire of Lawmakers in Both Countries
The agreement will resolve a long-standing dispute over the $11 billion pipeline, now 98% complete, being built under the Baltic Sea to carry gas from Russia's Arctic region to Germany.
US, Germany to Vow Action on Russia in Nord Stream 2 Deal
U.S. officials insist they continue to oppose the Nord Stream 2 gas pipeline, but said the U.S.-German agreement would mitigate the possibility of Russia using energy as a weapon.
MidstreamSee More
Experts: Midstream M&A Primed to Take Off
DUG Permian panelists acknowledge the challenges posed by ESG and climate concerns in the post-COVID finance environment, but expect cheap debt and higher valuations to push midstream deals forward.
Energy Transfer Says Addressed Most DAPL Safety Issues Raised by PHMSA
PHMSA on July 22 put Energy Transfer on notice for the probable violations pertaining to the operation of the Dakota Access Pipeline and proposed a civil penalty against it.
US Regulator Issues Notice to Dakota Access Pipeline over Safety Concerns
The PHMSA recommended a civil penalty of $93,200 against Energy Transfer, operator of the Dakota Access Pipeline, for the violations and said failure to correct the issues may result in further enforcement action.
Kinder Morgan Says Permian Basin, Haynesville Will Need New Natural Gas Pipelines
Kinder Morgan CEO Steven Kean told analysts during a conference call late on July 21 that the Permian Basin will probably need another gas pipeline in the middle of the decade.
