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Red Leaf, Ute Energy to Collaborate on Uinta Basin Projects
Red Leaf Resources and Ute Energy will jointly develop Uinta Basin assets, including a refinery and proposed transloading facility.
Diversified Says 2022 Results in Line with Market Expectations
Diversified’s trading statement detailed operating and financial highlights as well as ESG targets, including the plugging of more than 200 wells.
Murphy Oil Posts $965 Million Income for 2022
Murphy Oil increased production and pay down debt with the help of King’s Quay project going onstream in the Gulf of Mexico and high output from new Eagle Ford wells.
Fire-idled Freeport LNG Seeks U.S. Approval to Start One Unit
Freeport LNG's request represents a milestone in efforts to restore production after a seven-month outage at the second-largest U.S. LNG.
Women in Energy: Yuliya Olsen, McKinsey & Co.
Today’s featured 25 Influential Women in Energy honoree is Yuliya Olsen, manager of the North America oil and gas practice at McKinsey & Co.
Opinion: Fort Worth Barnett, 2023
BKV Corp. made the most of its time in the Barnett Shale before filing for IPO in November 2022.
North Hudson Launches $275 Million Oil, Gas Credit Fund
North Hudson said it's providing capital solutions to small- and mid-sized operators at a time when capital providers in the oil and gas sector are pulling back.
Intensity Infrastructure Partners Secures Equity Backing from EIV Capital
In February, EIV Capital raised $702 million in funding and said it had more than $900 million to deploy into new investments.
Exclusive Q&A: ChampionX's Thoughts on Supply Chain Challenges [WATCH]
Alina Parast, senior vice president and CIO of ChampionX, discussed the challenges the oilfield services sector is facing with regard to supply chain disruptions.
Russia Seeks $220 Million in Unpaid Taxes from Exxon
The Sakhalin regional court website lists a claim against Exxon Neftegaz Ltd, Exxon's Russian subsidiary, and the case's hearing scheduled for Feb. 28.
Raising the Bar for ROV Operator Performance by Lowering the Bar for Entry
Technology companies Greensea and Blue Ring’s partnership helps ROV operators become situationally aware without having to “context switch” from task to task.
Russia Boosts LNG Exports to Europe by 20% in 2022
According to Refinitiv data, Russian gas exports to Europe dropped to a new post-Soviet low in 2022, but its total LNG exports rose to approximately 33 million tonnes, with more than half of it going to Europe.
UniCredit Sets Emission Goals for Carbon Intensive Sectors
UniCredit will strengthen its advisory services for companies in carbon-intensive sectors, as well as boost sustainable lending.
Marketed: CrossRoads Horizon and Paladin Oil Non-Op WI Assets
CrossRoads Horizon LLC and Paladin Oil LLC retained EnergyNet for the sale of a non-operated working interest in three J. H. Kurth Jr. B-lease wells located in Newton County, Texas, and operated by Foundation Energy Management.
Marketed: Erikson National Energy Corporate Divestiture
Erikson National Energy Inc. has retained Sayer Energy Advisors for the sale of the company's shares, with properties consisting primarily of operated, high working interest shale natural gas production from several formations in British Columbia and Alberta.
Subsea Services Market Expected to Top $7 Billion in 2023
Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.
Women in Energy: Diane Montgomery, Continental Resources
Today's featured 25 Influential Women in Energy honoree is Diane Montgomery, vice president of corporate finance and treasurer at Continental Resources Inc.
Enphase Energy Sees Growing Solar Demand in Brazil
Installments of residential solar energy systems in Brazil have increased according to distributors of Enphase microinverters.
Transition in the Trilemma
Despite the energy trilemma, 45% of companies oil and gas sector are confident they can reach net zero by 2050, according to the Baker Hughes Energy Transition Pulse report.
Maha, Mafraq Energy Enter Joint Operating Agreement in Oman
Maha’s partnership with Mafraq Energy marks a milestone as Block 70 aims for commercialization.
Exclusive Q&A: Government Incentives for Eco-Friendly Development [WATCH]
Savvy Oil & Gas Consulting founder, president and CEO Sarah Magruder anticipates an uptick in U.S. oil and gas governmental tax incentives, M&A and new technology, particularly carbon capture and storage technology, within the next five to 10 years.
W&T Offshore Closes $275 Million Notes Offering
W&T Offshore said its new notes give the company more liquidity to potentially fund higher return accretive capital projects and acquisitions in the near term.
EU Hires Firm to Launch Countries' Joint Gas Buying
The European Commission hopes joint gas buying will help Europe to refill depleted storage caverns before next winter and to negotiate lower prices by using EU countries' collective buying power.
Eni, TotalEnergies Complete Transfer of Lebanon Exploration Block Interest to QatarEnergy
Eni and QatarEnergy both hold a 30% interest in the offshore Lebanon Blocks 4 and 9, while operator TotalEnergies holds a 35% interest.
Baker Hughes, FFI to Collaborate on Green Hydrogen, Geothermal Opportunities
Baker Hughes will provide expertise and technology to help decarbonize hard-to-abate sectors through green hydrogen, green ammonia and geothermal.
Women in Energy: Carmen Millet, KMPG LLP
Today’s featured 25 Influential Women in Energy honoree is Carmen Millet, associate director and head of the U.S. energy marketing team of KMPG LLP.
Exxon Mobil Sets Large-scale Hydrogen Plant Start-up for 2027
The plans for the hydrogen plant is part of Exxon's $7 billion allocation for hydrogen, carbon capture and biofuels projects between 2022 and 2027.
What's Affecting Oil Prices This Week? (Jan. 30, 2023)
Imposition of Russian oil exports is set to take effect on Feb. 5, which is expected to negatively affect Europe's diesel market due to the region's dependence on diesel fuel imported from Russia.
Exxon Mobil Advances Massive Hydrogen Plant with Contract Award
As part of the Houston area Gulf Coast project, Exxon said it intends to capture and permanently store about 7 million metric tons of CO2 annually.
German Industry to Pay 40% More for Energy Than Pre-crisis
A large energy-price shock still lies ahead for European corporates, but German companies' healthy finances and a state-imposed gas price cap will help keep the industry afloat, says study by Allianz Trade.