Latest From Hart Energy
Exxon Mobil Pledges $400 Million to Boost Wyoming Carbon Capture
Exxon Mobil expects the expansion will capture up to 1 million metric tons of CO₂, in addition to the 6-7 million metric tons already captured at the LaBarge, Wyoming facility each year.
Cornerstone Launches Innovative ESG Collaboration with Columbia University
In collaboration with Columbia University’s International Research Institute for Climate and Society, Cornerstone aims to create certifications and standards by which organizations can navigate the ESG landscape.
Opinion: How Established Oil and Gas Companies Can Lead the Energy Transition
In the modern business environment, resiliency for established oil and gas companies isn’t about weathering the storm; it's about continual evolution.
BP Calls for Investment in Long-term Energy Deals, Storage to Meet Future Demand
BP CEO Bernard Looney said investment in natural gas is needed, which "remains a great balancer" in the energy system.
North Dakota Approves First Class VI Carbon Capture, Storage Project
This approval allows RTE to commercially capture (dehydrate and compress) and inject the 180,000-metric-ton-per-year CO2 stream into the Broom Creek Formation on RTE property for permanent geologic CO2 storage.
ChampionX Launches ‘First and Only’ Microsoft Azure Certified Device for Hazardous Environments
The device optimizes cost and provides a fit-for-purpose solution to meet business requirements, according to the company.
Plains’ Cushing Terminal to Become WTI Delivery Point
The change will take effect November 8, 2021 for the February 2022 contract month, pending regulatory review.
Kinder Morgan Profit Rises as Fuel Demand Heats Up
Kinder Morgan also posted a 3% rise in gas pipeline volumes as a scramble to fill gas inventories before the winter heating season in Europe and Asia steadily boosted exports of LNG from the U.S.
Enbridge Briefly Shut Line 5 after Protesters Tampered with Pipeline
Line 5 is at the center of a long-running environmental dispute between Calgary, Alberta-based Enbridge and the state of Michigan that has embroiled the Canadian and U.S. governments.
Busting Myths of Oil’s Demise
Deloitte analysts find that while peak growth has passed, the industry will remain on solid ground for the foreseeable future. But how companies choose their competitive positioning will determine the new energy order.
US Crude Oil, Fuel Stocks Dip Further Tightening Supply
Crude stocks at the Cushing, Oklahoma, delivery hub fell by 2.3 million barrels to 31.2 million barrels. That’s the lowest level since October 2018, and points to tightness in the market that may take some time to alleviate.
Australia’s Otto Energy Acquires Interest in South Texas Wells
Otto Energy agreed to participate in two exploration prospects located onshore Texas in Colorado and Lavaca counties testing the Wilcox play.
US Democrats Scramble to Hammer Out Climate Legislation Ahead of Glasgow Talks
The Biden administration is considering a flurry of options including boosting production tax credits for nuclear power and enhancing credits for carbon sequestration projects.
Oil, Gas Experts Share Insight on Tackling Supply Chain Issues
Data drives decisions, but speaking the same language is essential to improving supply chain efficiency in oil and gas, say experts from EQT, Laredo Petroleum and more.
Exxon Mobil Debates Dropping Several Major Oil and Gas Projects
The oil major is also reportedly planning to raise its investment in a low-carbon unit it announced in February by billions of dollars.
IndustryVoice: AI-powered Rig Scheduling Software Generates $100 Million in Free Cash Flow
Supermajor achieved this in one year using Actenum’s scheduling software to rapidly simulate the impact of rig reductions with easy scenario planning.
Energy A&D Transactions from the Week of Oct. 20, 2021
Here’s a snapshot of recent energy deals including a $750 million asset sale by Occidental Petroleum plus Citizen Energy’s $153 million expansion in Oklahoma.
On the Market Oil and Gas Quicklist (Week of Oct. 20, 2021)
Here’s a quicklist of oil and gas assets on the market including Chisholm Oil & Gas STACK nonop opportunity plus Merit Energy Anadarko Basin nonop and mineral/royalty position.
Upstream M&A Takes a Breather, But Dealmaking Remains Strong
After a barrage of upstream oil and gas deals in 2021, third-quarter transactions cooled, but an $18.5 billion showing still surpassed the five-year average, a recent report says.
'Shades of Green’: How Oil and Gas Is Approaching Sustainability
As the energy sector transitions toward a low-carbon future, oil and gas companies are adopting wide-ranging approaches to sustainable energy production, according to David Linden, head of energy transition at Westwood Global Energy Group.
Energy Crisis Wake-up Call for More Investment, ADNOC CEO Says
Sultan al-Jaber also said the world will continue to need fossil fuels despite the transition to cleaner energy sources.
Russia is Making EU Climate Goals Look ‘Ridiculous,’ Says Poland's Kaczynski
Europe has been eagerly awaiting more gas supplies, especially from Russia, as it tackles skyrocketing natural gas prices, boosted by tight supplies and economic recovery.
LNG Tanker Rates More than Double in Two Weeks as Power Crisis Drives Demand
Shipping rates across all routes are up this week and will likely break previous record high levels, a Singapore-based LNG trader said.
Baker Hughes Profit Misses Estimates, Shares Down in Pre-Market Trading
Baker Hughes reported adjusted net income of $141 million, or 16 cents per share, for the third quarter, missing forecasts for earnings of 21 cents per share, according to Refinitiv IBES data.
China Signs Huge LNG Deals with US Supplier Venture Global
For China—which has this year overtaken Japan as the world's top LNG buyer—the deals will be its single largest LNG trade agreement in terms of volumes without an equity stake, a senior Beijing-based gas industry source said.
US Democrats Battle over Climate Change Plans in $3.5 Trillion Bill
Democratic Senator Joe Manchin has been an outspoken critic of the bill, saying it spends too much taxpayer money and contains climate change provisions that would hurt his state’s coal mining industry.
VanLoh: ‘Green’ Investors Should Pick US Oil and Gas
The world will need more energy and the responsible North American energy industry can provide it while lowering emissions, Quantum Energy Partners’ CEO S. Wil VanLoh says.
Diversified Energy Appoints Teresa Odom as Vice President of ESG, Sustainability
Concurrently with Teresa Odom’s promotion, Diversified Energy said that James (Jim) Sheehan will be joining the company to serve as vice president of investor relations.
Marketed: Operated Working Interest in Weld County, Colorado
Nickel Road Operating retained Oil & Gas Asset Clearinghouse for the sale of its operated working interest in Colorado’s Weld County located within the western Wattenberg Field oil rim.
Amazon, Others Commit to Zero-carbon Shipping Fuels by 2040
The initiative, which includes Amazon, IKEA, among other commercial users of container shipping, sets a goal for companies to only purchase ocean freight services powered by scalable zero-carbon fuels by 2040.