Latest From Hart Energy
Triangle Energy, JV Set to Drill in North Perth Basin
The Booth-1 prospect is planned to be the first well in the joint venture’s —Triangle Energy, Strike Energy and New Zealand Oil and Gas — upcoming drilling campaign.
EIA: Permian, Bakken Associated Gas Growth Pressures NatGas Producers
Near-record associated gas volumes from U.S. oil basins continue to put pressure on dry gas producers, which are curtailing output and cutting rigs.
Exclusive: Mitsubishi Power Plans Hydrogen for the Long Haul
Mitsubishi Power is looking at a "realistic timeline" as the company scales projects centered around the "versatile molecule," Kai Guo, the vice president of hydrogen infrastructure development for Mitsubishi Power, told Hart Energy's Jordan Blum at CERAWeek by S&P Global.
Benchmark Closes Anadarko Deal, Hunts for More M&A
Benchmark Energy II closed a $145 million acquisition of western Anadarko Basin assets—and the company is hunting for more low-decline, mature assets to acquire.
US Orders Most Companies to Wind Down Operations in Venezuela by May
The U.S. Office of Foreign Assets Control issued a new license related to Venezuela that gives companies until the end of May to wind down operations following a lack of progress on national elections.
Google Exec: More Collaboration Needed for Clean Power
Tech giant Google has partnered with its peers and several renewable energy companies, including startups, to ramp up the presence of renewables on the grid.
PGS, TGS Merger Clears Norwegian Authorities, UK Still Reviewing
Energy data companies PGS and TGS said their merger has received approval by Norwegian authorities and remains under review by the U.K. Competition Market Authority.
Daniel Berenbaum Joins Bloom Energy as CFO
Berenbaum succeeds CFO Greg Cameron, who is staying with Bloom until mid-May to facilitate the transition.
Scathing Court Ruling Hits Energy Transfer’s Louisiana Legal Disputes
A recent Energy Transfer filing with FERC may signal a change in strategy, an analyst says.
Equinor Releases Overview of Share Buyback Program
Equinor said the maximum shares to be repurchased is 16.8 million, of which up to 7.4 million shares can be acquired until May 15 and up to 9.4 million shares until Jan. 15, 2025 — the program’s end date.
Darbonne: The ESG Sword: BlackRock's Life, Death by ESG
BlackRock, the $10 trillion investment manager, is getting heat for too much ESG investing, while shareholders are complaining it’s doing too little.
Vår Energi Hits Oil with Ringhorne North
Vår Energi’s North Sea discovery de-risks drilling prospects in the area and could be tied back to Balder area infrastructure.
Tethys Oil Releases March Production Results
Tethys Oil said the official selling price of its Oman Export Blend oil was $78.75/bbl.
EU Expected to Sue Germany Over Gas Tariff, Sources Say
The German tariff is a legacy of the European energy crisis that peaked in 2022 after Moscow slashed gas flows to Europe and an undersea explosion shut down the Nord Stream pipeline.
Balticconnector Gas Pipeline Will be in Commercial Use Again April 22, Gasgrid Says
The Balticconnector subsea gas link between Estonia and Finland was damaged in October along with three telecoms cables.
Energy Systems Group, PacificWest Solutions to Merge
Energy Systems Group and PacificWest Solutions are expanding their infrastructure and energy services offerings with the merger of the two companies.
US Geothermal Sector Gears Up for Commercial Liftoff
Experts from the U.S. Department of Energy discuss geothermal energy’s potential following the release of the liftoff report.
Report: Freeport LNG Hits Sixth Day of Dwindling Gas Consumption
With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.
Marketed: KJ Energy Operated Portfolio in East Texas
KJ Energy has retained TenOaks Energy Advisors for the sale of its operated portfolio located in East Texas.
Hirs: Aspirations Meet Reality—The Undisclosed High Cost of the Energy Transition
The nation is trying to keep up with the growth of renewable power resources, but before transmission lines can be built, the power plants must first have interconnects with the grid.
Exclusive: Pat Jelinek on Decarbonization Efforts, M&A Outlook
Oil and gas leader for EY Americas Pat Jelinek discusses trends in the Lower 48 like consolidation and why decarbonization is "more important" in the near term than the energy transition, in this Hart Energy Exclusive interview.
Pemex to Remain Fiscally Challenged for Mexico’s Next President
S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.
Permian NatGas Hits 15-month Low as Negative Prices Linger
Prices at the Waha Hub in West Texas closed at negative $2.99/MMBtu on April 15, its lowest since December 2022.
BP Starts Oil Production at New Offshore Platform in Azerbaijan
Azeri Central East offshore platform is the seventh oil platform installed in the Azeri-Chirag-Gunashli field in the Caspian Sea.
RBC: Minerals, E&P Stocks Wooing Back Generalist Investors
Public mineral and royalty companies have performed well in the markets, and investors are taking notice. But experts say mineral and royalties stocks still have a long way to go to compete for generalist investor capital.
US Could Release More SPR Oil to Keep Gas Prices Low, Senior White House Adviser Says
White House senior adviser John Podesta stopped short of saying there would be a release from the Strategic Petroleum Reserve any time soon at an industry conference on April 16.
Yellen Expects Further Sanctions on Iran, Oil Exports Possible Target
U.S. Treasury Secretary Janet Yellen intends to hit Iran with new sanctions in coming days due to its unprecedented attack on Israel.
Core Scientific to Expand its Texas Bitcoin Mining Center
Core Scientific said its Denton, Texas, data center currently operates 125 megawatts of bitcoin mining with total contracted power of approximately 300 MW.
Nova Clean Energy Acquires BNB’s 1-GW HyFuels Portfolio in Texas
Covering about 25,000 acres on the Texas Gulf Coast, HyFuels’ power supply will be split evenly between wind and solar energy.
Exxon Mobil Guyana Awards Two Contracts for its Whiptail Project
Exxon Mobil Guyana awarded Strohm and TechnipFMC with contracts for its Whiptail Project located offshore in Guyana’s Stabroek Block.