Latest From Hart Energy
Golar LNG Enters $1.6B EPC Agreement for FLNG Project
Golar said the floating LNG vessel has a liquefaction capacity of 3.5 million tons of LNG per annum and is expected to be delivered in fourth-quarter 2027.
Woodside to Maintain at Least 50% Interest in Driftwood LNG
Australia’s Woodside Energy plans to maintain at least a 50% interest in the 27.6 mtpa Driftwood LNG project that it's buying from Tellurian, CEO Meg O’Neill said during a media briefing at Gastech in Houston.
Honeywell, SAMSUNG E&A to Collab on CCUS Solutions
SAMSUNG E&A will leverage Honeywell's carbon capture technologies, in particular Honeywell’s advanced solvent carbon capture technology.
Bayou Midstream Secures New Equity Commitment from EIV Capital
Bayou Midstream II’s commitment from EIV Capital follows Bayou’s predecessor company's successful exit of Bakken infrastructure in 2024 to Bridger Pipeline.
Energy Transfer Says La Porte Pipeline Fire is Burning Itself Out
Analysts said they suspect that the pipeline is Energy Transfer’s Justice pipeline, and that news of the blaze has sent prices of propane and butane up since markets closed on Sept. 13.
WhiteHawk Energy Adds Marcellus Shale Mineral, Royalty Assets
WhiteHawk Energy LLC said it acquired Marcellus Shale natural gas mineral and royalty interests covering 435,000 gross unit acres operated by Antero Resources, EQT, Range Resources and CNX Resources.
Despite Progress, Hydrogen Faces ‘Sobering Realities’
A $335 billion investment gap may put 2030 targets toward net-zero ambitions in jeopardy.
Permian Resources Closes $820MM Bolt-on of Oxy’s Delaware Assets
The Permian Resources acquisition includes about 29,500 net acres, 9,900 net royalty acres and average production of 15,000 boe/d from Occidental Petroleum’s assets in Reeves County, Texas.
TPH: LNG Agreements Start to Materialize, but Most Non-binding
Since the end of April, U.S. LNG export facilities have made agreements totaling 16 mtpa, or 72% of the year’s 22.5 mtpa in offtake agreements.
Seadrill to Adopt Oil States’ Offshore MPD Technology
As part of their collaboration, Seadrill will be adopting Oil States International’s managed pressure drilling integrated riser joints in its offshore drilling operations.
New FERC Commissioner Calls Slow Permitting Process ‘Huge Problem’
FERC Commissioner David Rosner said the commission is aware that the permitting process is too slow overall at Gastech Houston 2024.
Chesapeake Pushes to Move 10% of US Shale Gas into Asian Markets
Chesapeake Energy is targeting getting 10% to 15% of its production onto an international index, the company’s Executive LNG Adviser Katrina Kaufman said Sept. 16 during the Asia-US LNG Roundtable.
Chevron’s Wirth: Biden Admin Needs to Embrace, not Attack Natgas
Chevron CEO Mike Wirth, speaking at Gastech Houston 2024, said natural gas offers a clear path to lowering CO2 emissions that only politics can derail.
AltaGas Prices $900MM Junior Notes Offer After Tidewater Deal
The offering follows AltaGas’ Aug. 31 announcement that it acquired multiple midstream, storage and terminals from Tidewater Midstream and Infrastructure Ltd. for CA$650 million (US$480 million).
Shell Taps Advanced Ionics for Electrolyzer Pilot Project
Part of Shell’s GameChanger program, the pilot project is intended to help scale Advanced Ionics’ Symbion electrolyzer technology and move it toward commercialization.
SLB Launches New GenAI Platform Lumi
Lumi’s machine learning capabilities will be used to enhance SLB’s Delfi digital platform offering for better automation and operational efficiencies.
8 Rivers Lands Investment from JX Nippon for DAC Technology
An investment by JX Nippon Oil Exploration will support 8 Rivers’ Calcite direct air capture technology as it moves from pilot to commercial development, the company says.
PakEnergy Plows Ahead with New SCADA Solution
After acquiring Plow Technologies, home of the OnPing SCADA platform, PakEnergy looks to enhance its remote monitoring solutions.
No End in Sight: Biden’s Pause Has Far-reaching Consequences
Biden’s LNG pause is raising costs for LNG export projects, and its effects are far and wide in the U.S. LNG industry.
Field Development, Unconventional, Deepwater, Conventional, Shale Plays, Artificial Intelligence, Machine Learning, Subsea, Seismic
E&P Highlights: Sept. 16, 2024
Here’s a roundup of the latest E&P headlines, with an update on Hurricane Francine and a major contract between Saipem and QatarEnergy.
SCF Partners Acquires Newpark Fluid Systems
SCF Partners acquired Newpark Fluid Systems, an oil and gas and geothermal fluids solution business, from Newpark Resources, for a base price of $127.5 million.
More Than 12% of US GoM Oil Output Still Shut After Hurricane Francine
There were 213,204 bbl/d of oil and 298 MMcf of natural gas still offline after Francine hit the coast last week.
Hunt Oil Offloads LNG Interests Via Indirect Sale to Aramco
Hunt Oil is selling 15% interest in Peru LNG to MidOcean, an LNG company managed by EIG in which Aramco is an investor.
Moss Lake Picks Wood to Design DeLa Express NatGas Project
Moss Lake Partners has selected British engineering firm Wood to design the 645-mile DeLa Express pipeline.
Energy Transfer Confirms La Porte Fire, Report of 'Unknown' Vehicle
Energy Transfer acknowledged reports of a vehicle striking a valve on a natural gas liquids line, potentially leading to a large fire in La Porte, Texas, on the morning of Sept. 16.
Jack Vaughn-Led Peak Resources Files for Powder River Basin IPO
Peak Resources LP, a Powder River Basin E&P led by industry veteran Jack E. Vaughn, is positioning itself for an IPO, filings show.
Apollo to Buy $1B Stake in BP’s Trans Adriatic Pipeline
Apollo will purchase the non-controlling interest from BP subsidiary BP Pipelines TAP Ltd. for $1 billion as the oil major continues to make progress on a divestment target of up to $3 billion.
Mattr Sells Brazilian Pipe Coating Business to Vallourec for $17.5MM
Vallourec Tubular Solutions will acquire 100% of the shares of Thermotite, Mattr’s last remaining pipe coating business.
What's Affecting Oil Prices This Week? (Sept. 16, 2024)
With expectations for more favorable supply/demand fundamentals and improvement in the sentiment of oil traders, Stratas Advisors forecast higher oil prices with the price of Brent crude moving back above $80.
Dorchester Inks Deals for Midland, Delaware and D-J Basin Interests
Dorchester Minerals agreed to buy Permian Basin interests in the Midland and Delaware basins for roughly $215 million, based on its Sept. 16 unit price.