Latest From Hart Energy
Falling Oil Prices Poised for Biggest Monthly Decline Since 2021
So far in April Brent and WTI have lost about 15% and 16% respectively for the biggest percentage falls since November 2021.
Tech Transfer: Oil States Targets Geothermal Energy
Oilfield service company Oil States aims to lower geothermal well costs with its field-proven tension-leg platform technology.
China Spares Enterprise’s Ethane Exports from Tariffs
China blinked before implementing proposed 125% tariffs on ethane and ethylene to protect their petrochemical business, Enterprise Product Partners CEO Jim Teague said.
NOG Closes $62MM Midland Basin Bolt-On Deal
Non-op Northern Oil and Gas (NOG) expanded its Midland Basin footprint with an acreage purchase in Upton County, Texas, from a private operator.
NOV CEO Sees ‘Even Playing Field’ with Global Tariff Battles
NOV Inc.’s CEO Clay Williams said he expects inflationary impacts and extended lead times as all global manufacturers simultaneously try “to rewire their supply chains.”
Drilling, Exploration & Production, Shale Plays, Policy & Regulations, Crude Oil, Natural Gas, Power Generation/Powergen
‘A Nightmare:’ It’s Easier to E&P in Turkey Than in New Mexico
“I’ve been in this business a long time, and I’ve never seen anything like it,” Malone Mitchell III, chairman and CEO of international explorer TransAtlantic Petroleum, said in Oklahoma City about trying to operate in New Mexico.
Flotek Buys Power Generation Assets from ProFrac for $105MM
Flotek Industries Inc. said the assets include digitally enhanced mobile natural gas conditioning and distribution units to provide real-time gas monitoring and dual fuel optimization.
Three Killed, Two Injured at Port Arthur LNG Project
Three Bechtel workers died at Sempra Energy’s Port Arthur LNG construction site, and the company has halted work there until an investigation is completed.
SaaS Provider ESG Expands into Denmark with CUBS Acquisition
ESG’s platform helps energy companies manage customers, markets and assets.
Midstream Players Trim Fat from Ledgers, Enter Lean Bulk Era
The midstream sector’s capex growth outlook is strong with fewer, more muscular companies.
Power Generation/Powergen, Natural Gas, Artificial Intelligence, Liquefied Natural Gas (LNG), Renewables, Nuclear, Wind, Solar
NextEra: US Power Demand Will Call for Extra 71 Bcf/d Equivalent
NextEra Energy expects that of the total 450 GW of new electricity demand in the coming few years, 75 GW will be gas-fired—or some 12 Bcf/d. But turbines and skilled labor are needed.
From Source to Sink: Embracing the CCUS Learning Curve
A well-executed FEED phase is the foundation for carbon capture success, Worley says.
Stonepeak Acquires $340MM Stake in Repsol’s Solar, Storage Portfolio
Repsol’s 777-megawatt portfolio includes the Frye solar project in Texas and the Jicarilla solar and storage complex in New Mexico, Stonepeak says.
Vaquero Midstream to Expand Delaware Basin Gas Pipelines
Vaquero Midstream plans to grow its natural gas gathering and processing footprint in the Permian Basin.
Deepwater, Field Development, Crude Oil, Natural Gas, Reservoir Evaluation, Discoveries, Digital Oilfield, Subsea, Seismic
Chevron Sees Tech Improvements Expanding its Portfolio
Chevron Corp.’s startup at Ballymore, offshore Louisiana, was its third major project to come online in the past year.
Woodside Reaches $17.5B FID on Louisiana LNG Development
Woodside Energy has reached a final investment decision to develop Louisiana LNG and is targeting first LNG by 2029.
Hess Dishes on First 4-Mile Bakken Wells in North Dakota
Hess Corp. landed its first 4-mile laterals in North Dakota’s Bakken Shale in February, part of a broader “shale evolution” underway in the Williston Basin, the company said.
Phillips 66 Adding Permian Gas Plant, Sticking with NGL Growth Plan
Phillips 66 said it will add a gas processing plant in the Permian Basin while continuing to strengthen its NGL system.
E&P Highlights: April 28, 2025
Here’s a roundup of the latest E&P headlines, including field redevelopment in Iraq and an estimate of gas resources in Namibia.
Generating a Problem: Turbine Builders Unable to Keep Up with Power Demands
A lead of Mitsubishi’s U.S. industrial division says the current supply chain for generators can’t keep up with the booming demands of AI.
Golden Pass LNG Gets FERC Approval to Commission Project
Once completed, Golden Pass LNG, a joint project between QatarEnergy and Exxon Mobil, will have a capacity of over 2.57 Bcf/d.
Innovex Sells Dril-Quip Facility for $95MM, Reduces Revenue Guidance
Innovex International Inc. has agreed to sell the Dril-Quip Eldridge Campus in northwest Houston to Big Acquisitions LLC for $95 million following its merger with Dril-Quip in September 2024.
Prairie Updates Bayswater’s DUC Completions Program in D-J Basin
Prairie Operating Co. started completion of the nine DUC wells that were part of an acquisition from Bayswater Exploration & Production in the Denver-Julesburg Basin.
EPA Chief: ‘Do Not Underestimate President Trump’ on Tariff Outcomes
Lee Zeldin, the Environmental Protection Agency’s administrator, as well as other cabinet members said President Donald Trump’s tariff negotiations will improve, rather than diminish, the U.S.’ business outlook.
What's Affecting Oil Prices This Week? (April 28, 2025)
Recent news is increasing the uncertainty associated with the ability of members of OPEC+ to maintain cooperation and agreement on future production quotas.
Policy & Regulations, Trade, Legislation, Power Generation/Powergen, Liquefied Natural Gas (LNG), Infrastructure, Crude Oil, Natural Gas
‘Move Fast and Break Things’ is Making an Administrative Mess
Applying Silicon Valley ethos to a superpower’s governance is unlikely to be a successful strategy.
Japan's JERA May Consider Alaska as LNG Supply Option, Executive Says
Alaska LNG, a proposed $44 billion project consisting of a pipeline and an LNG plant, has been a key part of President Donald Trump's agenda in dealing with Asian partners, as he wants Japan, South Korea and Taiwan to back the massive project.
Williams Appoints Larry Larsen to COO, Executive VP
Larry Larsen, who will succeed Michael Dunn, is Williams’ senior vice president for gathering and processing.
Judge Rules Against Corps of Engineers for DAPL Protest
A federal judge faulted the Army Corps of Engineers during protests against Energy Transfer’s Dakota Access Pipeline and ruled that it owes North Dakota $28 million in damages.
Oil Prices Stable Amid Economic Uncertainty, OPEC+ Supply Fears
Oil prices were stable on April 28 as investors weighed up uncertainty over trade talks between the U.S. and China, clouding the outlook for global growth and fuel demand, as well as the prospect of OPEC+ raising supply.