Latest From Hart Energy

Italy to Fast Track Permit for New Regasification Vessel

Italy's new regasification vessel should expand the country's LNG import capacity, Italian Ecological Transition Minister Roberto Cingolani reported.

Brigham Minerals Steps Up Permian Ground Game While Mum on Possible Sale

Brigham Minerals partially redeployed the proceeds from a divestiture in the Anadarko Basin during the second quarter into debt reduction and its acquisition ground game in the Permian Basin.

Oil Falls 2% on Expectations that US Gulf Supply Disruption Will Ease

OPEC and the International Energy Agency (IEA) conflicting oil demand views, with OPEC cutting its world oil demand forecast and the IEA raising its demand growth forecast.

Kinder Morgan Acquires North American Natural Resources

Increases RNG production and diversifies portfolio with landfill gas-to-power assets.

US Oil & Gas Rig Count Falls for Second Week in a Row: Baker Hughes

The week of Aug. 8, 2022 was the first time the U.S. oil and gas rig count fell for two consecutive weeks since August 2020.

Freeport LNG Plant in Texas Still Pulling in Natgas to Produce Power

Despite Freeport LNG's liquefaction plant closing in June due to a fire, the company reported pulling in small amounts of natural gas to fuel a power plant.

Energy Transition in Motion (Week of Aug. 12, 2022): Advancing Projects, Investment

Here’s a look at some of this week’s renewable energy news.

Marketed: D-J Basin Operated Acquisition Opportunity in Adams, Weld Counties, Colorado

Confluence Resources retained Meagher Energy Advisors to market for sale operated and nonoperated assets in the Denver-Julesburg Basin.

US Questioned Cheniere Pollution Controls During LNG Plant Permitting

Cheniere Energy in June asked the Biden administration for an exemption from new curbs to be imposed later this year on emissions of cancer-causing chemicals like formaldehyde and benzene, which the Environmental Protection Agency is currently deciding.

Spain Says Gas Pipeline to France Possible in 8-9 Months

As Europe continues to wean itself off of Russian natural gas, a new pipeline connecting Spain and France could solve part of the problem.

Oil Prices on Track for Weekly Gain as Recession Fears Ease

Both Brent, WTI fall 0.3% in early trading, though weekly increase recoup part of last week’s oil price declines.

Winter Diesel Shock Looms as Tanks Dry Up Ahead of Sanctions

The European diesel market went into shock after Russia's invasion of Ukraine in February.

Poland’s PGNiG Unit, Aker BP Find New Oil and Gas in Norway

Find could amount to as much as 36 MMBoe.

ESG

As Energy Transition Unfolds, OFS Sector Adapts

Renewable energy companies have developed novel solutions that require oilfield services expertise.

Pemex’s Glaring Gas Flaring Problem

Mexico’s Petroleos Mexicanos (Pemex) continues to flare significant gas volumes amid a lack of regulatory or economic incentive for the company to do the contrary, an analyst with Houston-based Welligence told Hart Energy.

Nine Companies to Buy Oil from US Strategic Reserve in Latest Sale

Valero Energy Corp., Motiva Enterprises, Phillips 66 and Chevron Corp. have all purchased oil from the U.S. Strategic Petroleum Reserve, with deliveries beginning in mid-September.

Oil Output Halted at Three GOM Platforms on Pipeline Outage, Shell Says

"Shell is coordinating with local authorities and mobilizing personnel and equipment to assess the situation," Shell said in a statement regarding a pipeline leak.

Energy Trade Group Releases Emissions Guidance

Geared toward energy geoscience companies, the EnerGeo Alliance’s guidance includes Scope 3 emissions.

Earthstone Announces Closing of Titus Acquisition

Earthstone Energy's previously announced acquisition of Titus Oil & Gas' Delaware Basin assets will expand the company's acreage by 7,900 net acres.

Germany’s RWE Widens Global Search for LNG Supplies

Power producer expands talks for LNG beyond US and Qatar.

Multilateral Retrofits Help Grow Production Offshore

Schlumberger is working to modernize completions and combine all-electric intelligent completion systems with multilateral retrofit.

IndustryVoice: Leading Power Section Technology

With the oil and gas industry going deeper, faster, and farther, the need for power sections that define the leading edge and deliver unmatched performance in corrosive, high temperature, high torque, or high wear situations is evident.

INNIO Engines to Power Raven SR’s First Waste-to-Hydrogen Plant

Jenbacher Ready-for-H2 engines will operate on blend of landfill gas and hydrogen-rich waste fuel, producing renewable power.

Australia's Santos Buys Pipeline Route for Undeveloped Gas Project

In 2024, Santos Ltd. plans to start construction on a pipeline route purchased from Hunter Gas Pipeline Pty. Ltd.

Marketed: Crystal Energy Nonoperated Williston Basin Properties

Crystal Energy retained TenOaks Energy Advisors for the sale of certain nonoperated properties located in the Willison Basin.

Ecopetrol, Shell Find Gas at Gorgon-2 Well Offshore Colombia

Ecopetrol and Shell boast success at the ultra-deep-water Gorgon-2 well, which confirms the extension of a natural gas province offshore Colombia’s southern Caribbean coast.

Gas Flows Steady Via Nord Stream from Russia, Flowing Eastbound Through Yamal-Europe

Russia's Gazprom stated it will continue shipping gas to Europe through Ukraine and is poised to send 41.6 MMcm of gas on Aug. 11.

Orsted Raises 2022 Outlook as Poor Quarter Hits Shares

European power crunch will likely lead to hike in EBITDA.

Fire Breaks Out Abroad Equinor's Castberg FPSO at Norway Yard

Equinor's Castberg FPSO, located in the Arctic Johan Castberg oilfield, is expected to onstream in fourth-quarter 2024.

Sources: Shell Launches Sale of North Sea Cambo Oil Prospecs

Shell last year scrapped Cambo’s development plan; Ithaca, with 70% stake, seeks to develop field.