“Continued operation of Freeport’s LNG export facility without corrective measures may pose an integrity risk to public safety, property or the environment,” the U.S. PHMSA said in its preliminary report.
The new company, Chord Energy based in Houston, has a premier Williston Basin position with top tier assets across approximately 972,000 net acres and a pledge to return 60% of its free cash flow to shareholders.
A private seller retained Energy Advisors Group (EAG) for the sale of certain Williston Basin operated assets located in Bottineau and Renville counties, North Dakota.
The biggest decline from OPEC in June was in Libya, where supply dropped as unrest continued to curb the country’s output. The second-largest decline of 80,000 bbl/d came from Nigeria.
Russian LNG production from projects such as Sakhalin-2 was likely to suffer as a results, said Saul Kavonic, head of Integrated Energy and Resources Research at Credit Suisse. “This will tighten the LNG market materially this decade,” he added.
Interior Department Secretary Deb Haaland in May had vowed to unveil the draft proposal ahead of the June 30 expiration of the current plan.
Four years after picking up a Haynesville, Eagle Ford and Delaware Basin package for $10.5 billion, BPX Energy is delivering $1 billion a year in free cash flow to parent BP Plc. CEO Dave Lawler spoke with Oil and Gas Investor Executive Editor-at-large Nissa Darbonne on the company’s 2022 outlook and more.
Following the acquisition of Red Bluff Resources and Bricktown Energy, Citizen Energy’s Midcontinent position now encompasses 326,000 net acres, 98% HBP.
Eric Schaeffer, executive director of the Environmental Integrity Project and former EPA enforcement chief, said the Supreme Court decision will force “EPA back to drawing board.”
Mountain Valley—the only big gas pipe under construction in Appalachia—is one of several U.S. pipeline projects delayed by regulatory and legal fights with environmental and local groups.
An undisclosed seller retained EnergyNet Indigo for the sale of a Permian Basin mineral and royalty opportunity across New Mexico’s Eddy and Lea counties and Howard, Martin and Midland counties in West Texas.
In conjunction with the retirement of the company’s general counsel and secretary Cyrus “Skip” Marter, the Civitas Resources board of directors appointed Travis Counts as the new chief legal officer and secretary.
Ranger Oil added three “bolt-on” acquisitions in the Eagle Ford Shale, bringing the total of all-cash transactions signed in the second quarter to six worth a combined $110 million.
Permian Pipeline, jointly owned by Kinder Morgan, Kinetik Holdings and ExxonMobil subsidiaries, will proceed with its expansion project across the state of Texas.
Schlumberger recently gave Hart Energy an inside look at the company’s creative solutions and technologies that help oil and gas producers reduce carbon and methane emissions.
The court’s 6-3 ruling restricted the EPA’s authority to regulate greenhouse-gas emissions from existing coal- and gas-fired power plants under the landmark Clean Air Act anti-pollution law.
“OPEC+ is mulling firing its last crude production bullets as it runs out of capacity to pump more, whilst refining capacity for oil products ... which drives the real economy, has declined markedly,” said Ehsan Khoman from MUFG bank.
Louisiana Energy Gateway will facilitate delivery of natural gas to Gulf Coast customers including LNG terminals.
Repsol will buy 6.75% of the gas field and Wintershall Dea will get 4.50%.
PDC Energy continues to receive permit approvals to develop wells in Weld County, Colo., as it had its third Oil and Gas Development Plan permit approved in the past year.
Talks on the price cap would soon begin with countries in Latin America and Africa that are smaller but important consumers of Russian oil, a senior U.S. official told Reuters.
In a poll with 34 economists, they predicted that Brent crude oil prices would reach its highest forecast for 2022 so far at $106.82/bbl compared to $101.98/bbl in May.
To reflect the change, Equinor and Shell have agreed to rename the North Platte development, located in the Garden Banks area of the U.S. Gulf of Mexico, to Sparta.
The world’s first eighth-generation drillship, the Deepwater Atlas, is expected to begin operations at the Shenandoah project in the Gulf of Mexico later this year, according to a Transocean release.
The lawsuit, filed in federal court in Washington D.C., alleges that the Interior’s Bureau of Land Management violated the law by failing to adequately analyze the oil and gas lease sales’ impact on climate change.
“With 1,000 people moving to Texas each day, the long-term solution for our state’s energy needs is to invest and build more cheap, reliable natural gas-fired electric generation,” Texas Railroad Comissioner Chairman Wayne Christian said.
“Spare capacity is running very, very low,” Shell CEO Ben van Beurden said on June 29, adding that despite economic and COVID-19 challenges, global oil and gas demand is still recovering.