Latest Hart Energy Exclusives
Hydrogen Left Hanging as DOE Prolongs Contract Negotiations
Regulatory and energy experts discuss hydrogen hubs as the award negotiation process continues.
Hunt Oil Co. Markets DJ, Midcontinent-heavy Minerals Package
Hunt Oil Co., one of the nation’s oldest family-owned oil companies, is marketing minerals and royalties across several major basins.
Kinetik Sells $540MM Stake in Gulf Coast Express Pipeline
Kinetik Holdings’ $540 million deal will help the midstream company pay for its recently announced acquisition of Durango Permian Infrastructure.
Saudi Aramco Holding LNG Talks with US Firms Tellurian, NextDecade, Sources Say
Oil giant Aramco is in talks with Tellurian to buy a stake in the Driftwood LNG plant near Lake Charles, Louisiana.
Marketed: Excess Energy 207 Well Package in Austin Chalk, Eagle Ford Shale
Excess Energy has retained EnergyNet for the sale of a Austin Chalk and Eagle Ford Shale, 207 well package in La Salle and Webb counties, Texas.
TC Energy Shareholders OK Spinning Off Liquid Pipelines Business
TC Energy will spin off South Bow Corp., with its primary asset the Keystone oil pipeline, while shifting a hefty amount of TC Energy’s debt to the new company.
Norway’s Equinor Divests Gina Krog Field Interests
Equinor is selling its 19.5% interests in production licenses (PL) 048E, which is the Eirin field, and PL 1201 to PGNiG Upstream Norway for an undisclosed amount.
TotalEnergies Signs Two LNG Contracts in Asia
Through contracts with Indian Oil Corp. and Korea South-East Power, TotalEnergies is securing its global LNG supply portfolio in the medium term.
Occidental, BHE Renewables Form JV to Extract Lithium
The joint venture between Occidental Petroleum and Berkshire Hathaway’s BHE Renewables takes shape as companies aim to meet growing demand for lithium, a key ingredient for rechargeable batteries used for electronics, energy storage and electric vehicles.
Permian Pulse: Franklin Mountain Stands Out Among Delaware M&A Targets
Franklin Mountain was a relative nobody when the company bid for Delaware Basin acreage in a 2018 BLM auction. Today, it’s one of the largest private U.S. oil producers and a major target for acquisition.
Transocean Announces $161MM in Contract Extensions
Three of Transocean’s harsh environment semisubmersibles have been awarded contract extensions.
Capsol Technologies to List On Norwegian Stock Exchange
Carbon capture solutions company Capsol Technologies ASA plans to list on Euronext’s Oslo Børs.
Enterprise Calls Open Season for Diluent Service on Mont Belvieu-Chicago Line
Enterprise Products Partners plans to increase the capacity of its Mont Belvieu, Texas, to Chicago area pipeline through system upgrades.
New Non-executive Director Tony O’Neill Appointed to Woodside Board
Anthony (Tony) O’Neill, who has extensive experience in the global mining industry, is joining Woodside’s board of directors.
Exxon Mobil Goes Long with Permian’s Poker Lake Well
Exxon Mobil’s Permian wells manager tells Hart Energy about the successes and challenges in drilling one of the longest lateral wells in the basin.
Tokyo Gas Seeks More US Natural Gas Assets, President Says
The Japanese company paid $2.7 billion to acquire Texas-based natural gas producer Rockcliff Energy in December and agreed to purchase a 49% stake in North American energy marketing and trading firm ARM Energy Trading in February.
Classic Rock: E&Ps Launch Refracs of Vintage Eagle Ford Wells
SilverBow Resources, ConocoPhillips and Devon are among E&Ps seeing positive results from restimulating mature Eagle Ford wells, although no operator is sold on the idea.
Diamondback, Five Point JV Buys More Midland Water Infrastructure
Deep Blue, the joint venture between Diamondback Energy and Five Point Energy, has acquired pipeline and hundreds of thousands of barrels of water disposal capacity from Lagoon Operating Midland.
CorEnergy Infrastructure Aims for June Emergence from Bankruptcy
CorEnergy said the sale of its MoGas and Omega pipelines and repayment of its secured debt encouraged stakeholders to approve recapitalizing the company’s balance sheet.
E&P Highlights: June 4, 2024
Here’s a roundup of the latest E&P headlines, with new contracts awarded and larger commitments made for oil and gas exploration in South Korea and Australia.
The OGInterview: Building a Bakken Beast
Chord Energy CEO Danny Brown breaks down the M&A strategy that is hitting all the right notes.
What's Affecting Oil Prices This Week? (June 3, 2024)
For 2024, Stratas Advisors says increasing supply will be more challenging unless U.S. producers start ramping up their capital expenditures and drilling programs beyond their current plans.
International Battery Metals Names New CEO
Iris Jancik will succeed Garry Flowers as IBAT CEO when she takes the helm in mid-August.
OPEC Output Cuts Seen as Bearish by Analysts
WTI and Brent oil prices inched lower as investors weighed extended OPEC+ supply cuts.
Recurrent Energy Marks Initial Closing of BlackRock Investment
When the transaction is fully complete, the investment will represent 20% of the outstanding fully diluted shares of Recurrent Energy on an as-converted basis, Canadian Solar said.
Mexico’s First Female President Likely to Stay Course on Energy
Claudia Sheinbaum Pardo, a physicist with a doctorate in energy engineering and of Jewish heritage, won Mexico’s presidential election on June 2 by an overwhelming margin, according to Mexico’s INE.
ProPetro to Acquire Aqua Prop for $35.6MM
As part of the transaction, initially valued at $35.6 million, ProPetro will own and provide onsite sand storage and handling.
Permian Takeaways: Rebuilding the Most Prolific Paradigm in the US
Midstream companies and E&Ps may have different priorities, but continued pipeline development is crucial for the basin’s future.
Woodside’s Scarborough LNG Receives $1B Loan from Japanese Bank
Woodside Energy’s Scarborough LNG project, located off Australia’s coast, is scheduled to start shipping cargo in 2026.
Aera Energy Lands $2.8MM in DOE DAC Funding
The funding will be used to conduct a feasibility study to establish the viability of direct air capture as a business and technology in California, the company says.