Latest From Hart Energy
Fervo Energy, Partners Launch Geothermal Apprenticeship Program
Participants will have a chance to learn geothermal directional drilling and well completions, while getting on-the-job training and taking college-level coursework, the company says.
Mexico Pacific Working with Financial Advisers, Eyes Saguaro LNG I FID
Mexico Pacific is working with MUFG, Santander and JP Morgan to arrange the financing needed to support FID and the anchor phase of Saguaro Energía LNG.
TGS Extends Appalachian Basin 3D Seismic Survey
TGS said the survey, which is positioned up-dip from the Utica condensate and gas trend, will target 276 sq miles of “key” formations in the Appalachian Basin.
Companies Hop on Digital Twins, AI Trends to Transform Day-to-day Processes
A big trend for oil and gas companies is applying AI and digital twin technology into everyday processes, said Kongsberg Digital's Yorinde Lokin-Knegtering at Gastech 2024.
Finding a Niche: Midstream Giants Target Private G&P Assets
Smaller, non-publicly owned midstream companies are moving quickly for a position in a consolidation-driven market.
Acquisitions & Divestitures, Shale Plays, Crude Oil, Natural Gas, Liquefied Natural Gas (LNG), A&D Strategies and Opportunities
Crescent to Double, Largely Through M&A, in the Next Five Years, CEO Says
Crescent Energy CEO David Rockecharlie said that after closing the SilverBow acquisition, the company is continuing to hunt for new assets, although few make it past the company’s screening process.
EIA: Construction Costs for Gas-fired Power Stays Well Below Solar, Wind
Combined-cycle generation takes a lead as U.S. electricity demand is expected to rise.
RWE Pushes 1 GW of US Battery Energy Storage Projects to Boost Grid
As utility-scale battery energy storage projects boost grid reliability, RWE Clean Energy is adding projects in the U.S.
LongPath Technologies Secures DOE Loan to Expand Emissions Monitoring Network
LongPath aims to construct and install more than 1,000 remote monitoring towers across oil and gas basins including the Permian, Denver-Julesburg and Anadarko.
Dominion Energy, Stonepeak Close $2.6B Offshore Wind Deal
The close marked the completion of Dominion’s business review targeting $21 billion of debt reduction initiatives.
Psst: NatGas Futures Haven’t Priced in AI Power Demand Yet
Gas-fired power demand is coming for AI-enhanced data generation as Microsoft, Amazon and others race to stay on top—and not go the way of IBM—analysts said at a Pittsburgh energy forum.
Exclusive: CCUS Industry Poised for Standardization, Cost Reduction
Worley’s Senior Director of CCUS Gary LeMaire shares insights into the “significant” role of carbon capture, utilization and storage in reaching net zero demands and regulatory uncertainties with CCUS technologies.
Amber CEO Goff Resigns from Exxon Mobil Board
The CEO of Amber Energy Inc., the winning bidder of Citgo Petroleum for an auction price of $7.3 billion, resigned from Exxon Mobil Corp.’s board of directors last week.
Cove Point LNG Resumes Operations, Boosts US NatGas Deliveries
The 0.8 Bcf/d Cove Point LNG facility has resumed operations, according to the project’s operator Berkshire Hathaway Energy.
Matterhorn NatGas Pipeline Ramps Up Faster Than Expected
The Matterhorn Express natural gas pipeline has exceeded expectations since its ramp up on Oct. 1 for deliveries to interstate systems owned by Kinder Morgan, Williams and Enbridge.
Regulators Greenlight CRC’s Carbon TerraVault I CCS Project
The approval by California’s Kern County Board of Supervisors clears California Resources Corp. to start construction activities for the carbon capture and storage project.
In Memoriam: Jay Precourt (1937-2024)
Legendary wildcatter Jay Precourt leaves behind legacy of philanthropy in Colorado and at Stanford University.
Asset Manager Buys SandRidge Stake, Looks for More Midcon M&A
Investment manager Third Avenue believes Midcon E&P SandRidge Energy is primed for M&A and a boost to shareholder returns.
Spicewood Acquires Multiple Permian Basin Mineral Interests
Spicewood Mineral Partners added mineral and royalties interests in the Midland and Delaware basins, operated by E&Ps including Occidental Petroleum, ConocoPhillips and BP.
As Rig Count Slips, Oil Production Keeps Growing
Despite the offshore rig market showing signs of demand slippage, oil production looks to be on the rise for the foreseeable future, Westwood analysts say.
SAF Company Universal Fuel Technologies Raises $3MM
The funding will go toward advancing Unifuel’s Flexiforming technology and to help establish lab space in Texas for SAF sample production, the company says.
Transocean Signs Ultra-deepwater Drillship Contract in GoM
Transocean’s ultra-deepwater drillship contract in the Gulf of Mexico looks to generate $193 million in revenue for the company.
SLB Earnings Rise, But Weakened 4Q and 2025 Ahead Due to Oil Glut
SLB, like Liberty Energy, revised guidance lower for the coming months, analysts said, as oilfield service companies grapple with concerns over an oversupplied global oil market.
IndustryVoice: Flowco, Inc. Created via Merger
On June 20, Global Energy Capital (GEC) and White Deer Energy (White Deer) announced the formation of Flowco, Inc., (Flowco) with the merger of Flowco Production Solutions, Estis Compression, and Flogistix. The transaction creates the shale industry’s leading provider of production optimization and artificial lift solutions.
Trump vs. Harris—Policy Promises vs. Economics
The presidential debate did not shed much light on policy initiatives. Are there substantive differences?
Marketed: Stapleton Group Gulf Coast Texas Opportunity
Stapleton Group has retained EnergyNet for the sale of 51,816 non-producing net mineral acres in Walker, Montgomery and San Jacinto counties, Texas.
Field Development, Deepwater, Artificial Intelligence, Drilling, Machine Learning, Digital Oilfield, Subsea
E&P Highlights: Oct. 21, 2024
Here’s a roundup of the latest E&P headlines, with a large contract announced offshore Gulf of Mexico and strategic partnerships aimed at optimizing oilfield production.
As Uncertainty Lingers, CCUS Caught in a Catch-22 for Now
Wood Mackenzie forecasts capture capacity rising to 2,450 million tons per annum (Mtpa) by 2050.
Supreme Court Takes Up Clean Air Act Venue Fight
The high court’s justices will hear arguments if the EPA’s air pollution rules should be challenged in D.C. or in regional courts.
Enervest, Energy Vault Partner on 1-GWh Australian BESS Project
Enervest Group and Energy Vault Holding’s Stoney Creek BESS project aims to bolster stability of the New South Wales power grid.