Results from a trio of Devon Energy Bone Spring wells in the Permian Basin, an offshore Ghana oil discovery by Eni plus a test well in Australia’s Northern Territory top this week’s oil and gas drilling activity highlights from around the world.
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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.
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.
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.
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 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.
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.
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.
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 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.
Investment in the new Eagle Ford site will enhance local innovation and industry sustainability efforts in the dynamic North American market.
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.
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.
Gas prices have rallied, but what will be the implications for the North American shale market in the months ahead?
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.