Latest From Hart Energy
Infosys Acquires Tech, Business Firm MRE Consulting for $36MM
Infosys said its all-cash deal to buy MRE Consulting will add newer capabilities and risk management to its offerings.
Blue Hydrogen’s Carbon Management Needs Policy, Scale to be Realized
Expectations are high for blue hydrogen’s carbon capture rates, but some companies have work to do to hit the mark.
Texas Upstream Employment Slips in March, TIPRO Says
Texas’ upstream energy sector employed 204,400 people in March, down by 700 people from the previous month.
Undrilled but not Unnoticed: White Space Buyers Invest Now for Future Upside
Undeveloped, unpermitted acreage lures private equity risk-takers who want in on the mineral and royalty coffers.
Dividends Declared Weeks of April 7, 14
First-quarter 2025 earnings season is underway. Here is a compilation of dividends declared in the last two weeks from select upstream, midstream and service and supply companies.
Palladium, Arava JV Sell Solar-Energy Storage Portfolio to Exus
Palladium Energy and Arava Power Co. are selling a solar and energy storage portfolio to Exus Renewables North America.
US Drillers Add Oil, Gas Rigs for First Time in Four Weeks
The oil and gas rig count rose by two to 585 in the week to April 17. Despite this week's rig increase, Baker Hughes said the total count was still down 34 rigs, or 5% below this time last year.
Energy Transition in Motion (Week of April 18, 2025)
Here is a look at some of this week’s renewable energy news, including a move by battery maker Lyten to strengthen the U.S. battery supply chain.
Rig Counts, Shale Plays, Crude Oil, Natural Gas, Drilling, Completions, Trade, Policy & Regulations, Service & Supply
US E&Ps Could Drop Up to 100 Rigs at New Low Oil Price
Private operators are likely to let rigs go first, beginning in the Midcontinent and Powder River Basin, then the Eagle Ford, Bakken and Permian, according to J.P. Morgan Securities.
Natural Gas, Liquefied Natural Gas (LNG), Pipelines, Trade, Earnings, Acquisitions & Divestitures, Midstream
Kinder Morgan Sees Strong Gas Market, Despite Political Noise
Kinder Morgan is undeterred by “perceived ups and downs” in the natural gas market, said Executive Chairman Rich Kinder during the company’s first earnings call of 2025.
Monumental Aims to Restart New Zealand Wells by May 30
Monumental Energy Corp. says rig contractor RIVAL is scheduled to begin the workovers on wells Copper Moki 1&2, located in the Taranaki Basin, in May.
US Judge to Decide on Starting Bid in Citgo Parent Auction Following Hearing
A U.S. court is to decide on a $3.7 billion offer for shares in the parent of Venezuela-owned refiner Citgo Petroleum.
Woodside to Supply Europe’s Uniper with Up to 2 mtpa of LNG
Woodside Energy has signed a sale and purchase agreement to supply Uniper with up to 2 million tonnes per annum of LNG, subject to a final investment decision on its Louisiana LNG project.
Intensity Calls Open Season for Extension of Bakken NatGas Line
Intensity Infrastructure Partners said the proposed 344-mile line would move natural gas to the eastern side of North Dakota.
Liberty Jumps on Power Service Opportunities as Oilfield Business Stays Flat
Liberty Energy is seeing a growing pipeline of opportunities to jump onto, even as tariffs and OPEC+’s production strategy create uncertainty in the energy sector.
Golar’s FLNG Gimi Completes First Offload to British Sponsor
Golar LNG’s floating LNG vessel Gimi, located offshore Mauritania and Senegal, offloaded its first full cargo to LNG carrier British Sponsor.
Shale Plays, Natural Gas, Natural Gas liquids (NGL), Liquefied Natural Gas (LNG), Crude Oil, Acquisitions & Divestitures
EOG, SM, Magnolia Ramp Up Austin Chalk Development for NatGas Growth
As Tier 1 Eagle Ford inventory declines, EOG, SM and Magnolia are accelerating development in the overlying Austin Chalk to sustain South Texas output.
Over 100 Employees Leave US EIA, Putting Crucial Energy Data at Risk, Sources Say
The U.S. government's energy statistics arm is set to lose over 100 employees after the Trump administration's latest round of resignation offers, putting at risk some of the most closely watched energy reports globally, three sources told Reuters.
EIA: NatGas Storage Levels Keep Steady
The U.S. added 16 Bcf to stocks last week in a slowdown of injection rates from the last four weeks.
BP Opens LNG Operations Offshore Mauritania, Senegal
BP’s Greater Tortue Ahmeyim plant offshore Mauritania and Senegal has loaded its first cargo.
LNG Project Costs Already Going Up from Steel Tariffs
The fees on steel and aluminum are affecting several U.S. projects, an analyst says.
US Halts Construction of Equinor’s Empire Wind Project Offshore NY
In a post on X, Interior Secretary Doug Burgum said construction activity is being stopped “until further review of information that suggests the Biden administration rushed through its approval without sufficient analysis.”
Spearmint Energy Secures Financing to Connect 400 MWh to ERCOT
Spearmint Energy has closed more than $250 million in financing for the construction of two battery energy storage systems that will be connected to Texas’ ERCOT grid.
US NatGas Prices Slide 3% to 10-Week Low on Near-Record Output, Mild Weather
U.S. natural gas futures slid about 3% on April 16 to a 10-week low on near-record output.
Investment, Natural Gas, Liquefied Natural Gas (LNG), Artificial Intelligence, Power Generation/Powergen
Expand Energy Joins EQT in Triple-Investment-Grade Credit-Rating Club
The trifecta of endorsements assures Expand Energy, the largest gas producer in the U.S., a seat alongside EQT Corp. at the LNG and AI data center gas-supply negotiating tables.
Renewables Company Catalyze Gains $85MM Investment from RBC
Catalyze said the $85 million financing is expected to support the construction and completion of approximately 75 megawatts of solar projects across the U.S.
Kaes Van’t Hof: $60 Oil Threatens US Production, Permian Rig Activity
“I think before Liberation Day, there was a case towards being pretty bullish,” Diamondback Energy President Kaes Van’t Hof said April 15 at the World Oilman’s Mineral & Royalty Conference. “Unfortunately, it all feels a bit self-inflicted.”
New Era Helium, Sharon AI Launch Phase 1 of Data Center JV
New Era Helium Inc. and Sharon AI Inc.’s joint venture Texas Critical Data Centers LLC has started on the first phase of development for its 250-MW facility.
Natural Gas, Shale Plays, Natural Gas liquids (NGL), Liquefied Natural Gas (LNG), Policy & Regulations, Crude Oil, Exploration & Production
Fed Survey: NatGas Prices Hit Below Profitable Levels for Midcon E&Ps
Even as natural gas prices go low, gas-focused basins may see a favorable shift in the current market if crude prices go down, an analyst says.
TPG Takes Altus Power Private As $2.2B Acquisition Closes
Altus Power stock stopped trading on the New York Stock Exchange before trading began April 16 after being acquired by global asset manager TPG.