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NOG Acquires Core Northern Delaware Basin Bolt-on for $157.5 Million
Northern Oil and Gas (NOG) agreed to acquire certain nonoperated working interests in the core of the Delaware Basin from Alpha Energy Partners.
White House Meets Oil Industry over Hurricane Ian Price-gouging Concerns
Biden has warned oil companies not to use the storm as a pretext to raise gasoline prices, which spiked earlier this year after Russia's invasion of Ukraine.
Marketed: Hunt Oil HBP Leasehold, Harrison County, Texas
Hunt Oil Co. retained EnergyNet for the sale of 4,001 contiguous, multi-bench, HBP net leasehold acres in Harrison County, Texas, through a sealed-bid offering.
Phillips 66 Withdraws Texas Gulf Coast Oil-export Terminal Permit
The EPA this month revoked the pollution control permit for Phillips 66’s Bluewater terminal and directed the oil refiner and pipeline operator to submit a revised proposal.
Norway to Patrol Oil and Gas Platforms with Help from Allies, PM Says
“We’re in a dialogue with our allies regarding increased presence in the Norwegian [offshore] sector and have said yes to contributions from Germany, France and Britain,” Prime Minister Jonas Gahr Stoere told a news conference.
Juniper Capital, Boomtown Form Largest Northern D-J Basin Leaseholder
The formation of North Peak Oil & Gas, the largest leaseholder in the Wyoming D-J Basin, was made through the combination of North Silo Resources and Longs Peak Resources, two existing Juniper portfolio entities that were also jointly owned by Boomtown.
Five Ways to Increase Grid Resiliency
Increasing grid resilience will help reduce the impacts of climate change events by helping to better withstand and recover from disruptions, writes Dr. Denis Phares, CEO of Dragonfly Energy Corp.
Chevron Delivers First Offset-paired LNG Cargo
“We share the view that the future of energy is lower carbon and expect this offset-paired cargo to be the first of many as we leverage our capabilities, assets, and customer relationships to deliver energy solutions to a growing world,” Chevron U.S.A.'s John Kuehn said.
Oil Prices Fall But Heads for Weekly Gain as OPEC+ Considers Output Cut
Both contracts rose by more than $1 earlier in the session but dropped on news that OPEC’s oil output rose in September to its highest since 2020, surpassing a pledged hike for the month, according to a Reuters survey on Sept. 30.
US Oil, Gas Rig Quarterly Growth Slowest in Two Years: Baker Hughes
In the third quarter, drillers added oil and gas rigs for an eighth quarter in a row but the addition of 12 rigs was the smallest increase since September 2020.
Marketed: Forge Interests Core Delaware Basin ORRI
Forge Interests LP retained Detring Energy Advisors for the sale of its oil and gas overriding royalty interests (ORRI) located in the active core of the southern Delaware Basin.
Chevron Shops Delaware Basin Acreage Valued at up to $500 Million
Chevron is also expected to offer its northwest Gomez Field in addition to the southeast Gomez Field, which would double the size of the offering in the Delaware Basin, financial adviser EnergyNet said.
Brookfield Renewable Ploughs $1.54 Billion in Buyouts to Boost Clean-energy Portfolio
Brookfield will acquire Scout Clean Energy for approximately $1 billion and Standard Solar for approximately $540 million.
Energy Transition in Motion (Week of Sept. 30, 2022): Advancing Projects, Investment
Here’s a look at some of this week’s renewable energy news, including a partnership between Tallgrass and Equinor to develop hydrogen projects in North America plus a geothermal collaboration between Chevron and Japan’s MOECO.
Putin Accuses US, Allies of Blowing Up Nord Stream Pipelines
In a speech to mark the annexation of four Ukrainian regions invaded by Russian forces, Putin offered no evidence for the claim. Russia has previously said the U.S. would profit from attacks on Europe’s energy infrastructure.
OPEC Oil Output in September Hits Highest Since 2020: Survey
OPEC has pumped 29.81 million bbl/d of oil this month, the survey found, up 210,000 bbl/d from August and the highest since April 2020.
Poland's PGNiG Signs 10-year Capacity Deal with Klaipeda LNG
"I am convinced that the cooperation...will not only contribute to the business plans of both companies but will also enable further integration of gas markets in this part of Europe," PGNiG's Iwona Waksmundzka-Olejniczak said of its deal with Lithuania's LNG terminal.
Equinor's CFO Steps Down After 16 Months, Moves to Carlsberg
Ulrica Fearn will take a new role as CFO of Carlsberg, a Danish brewing company, after just 16 months with Equinor.
Russian Aggression, LNG Market Expansion
Russia’s invasion of Ukraine tilts the LNG market to favor the U.S., which has drilled and innovated its way to become a key global exporter of LNG—thanks in large part to the persistence of Charif Souki.
LNG Markets May Tighten Further in 2023, IEA’s Birol Says
“We may well see that the LNG markets in 2023 will be rather tight, maybe tighter than this year,” said Fatih Birol in remarks at the LNG Producer-Consumer Conference in Japan.
DT Midstream Boosts Ownership of Appalachia Gas Pipeline in $552 Million Cash Deal
DT Midstream will pay National Grid about $552 million in cash to acquire its 26.25% ownership interest in the Millennium Pipeline, which transports Marcellus and Utica gas to markets across New York State and New England.
Drone Activity Observed Near TotalEnergies North Sea Installation
“There have been observations of unauthorized drone activity at the Halfdan B oil and gas field in the North Sea,” a TotalEnergies spokesperson said in a written comment, adding the activity had been observed on Sept. 28.
Mitsubishi Partners with Corpus Christi Port Authority on US Ammonia Plant
Mitsubishi and the Port of Corpus Christi Authority will look into the possibility of making low-emission ammonia, produced from natural gas but eliminating emissions by capturing and storing the emitted carbon nearby, a source said.
E&P Executives See Biden Administration Bent on Destroying Oil and Gas
Chronic underinvestment will lead to a tighter oil market but most E&P executives see at least some investors returning to the oil and gas market, according to the latest survey by the Federal Reserve Bank of Dallas.
Exxon Orders Shale Stand-down Over Rash of Oilfield Worker Injuries
Exxon Mobil is actively working with contractors to improve safety at its operations after experiencing back-to-back worker injuries.
US Imposes New Sanctions on Iran Oil Exports
The U.S. Treasury Department also slapped sanctions on a network of companies involved in what it said was the sale of hundreds of millions of dollars worth of Iranian petrochemical and petroleum products to users in South and East Asia.
Enbridge to Acquire Texas-based Renewable Developer for up to $320 Million
Enbridge acquired Tri Global Energy, a leading U.S. renewable project developer headquartered in Dallas, for $270 million in cash and assumed debt plus up to approximately $50 million in contingency payments.
Proserv Acquires Stake in Power System Monitoring Expert Synaptec
After establishing a working relationship through the development of the ECG system in 2020, Proserv acquired a stake in Synaptec and will add its CEO to Synaptec's board of directors.
Energy ESG: Raising the Standards on Emissions Disclosures
When it comes to emissions reporting within the oil and gas industry, “we need to go at a pace that is pragmatic and feasible,” PwC’s Reid Morrison said at Hart Energy’s Energy ESG conference.
Oil Prices Near $90 as OPEC+ Considers Output Cut
Leading members of OPEC+ have begun discussions about an oil output cut when they meet on Oct. 5, two sources from the producer group told Reuters.