Latest From Hart Energy
Vital Energy Rapidly Grows in Permian with Slew of Deals
Rebranded Vital focuses on proven strategy of buying up smaller private producers under the radar.
Buy and Buy: Vital Energy's M&A Strategy for the Permian
Vital Energy’s rapid growth in the Permian Basin stems from CEO Jason Pigott’s strategy of acquiring smaller private producers—one after the other.
US Lays Out Plan to Slash Methane from Oil and Gas at COP 28
The rules, two years in the making, were announced by U.S. officials at the U.N.’s COP28 climate change conference in Dubai. The U.S. and other nations attending the summit are expected to detail how they will achieve a 150-country pledge made two years ago to slash methane emissions by 30% from 2020 levels by 2030.
EQT CEO Toby Rice: Energy Transition Requires ‘Unleashing US LNG’
Toby Rice, CEO of EQT Corp., calls on political leaders to focus public conversation on energy solutions and avoid what he sees as an inevitable “train wreck” of an energy crisis.
Bryan Sheffield: Asset Sellers Need Bid/Ask Therapy
Advisers need to sharpen their pencils at the negotiation table, E&P operator Bryan Sheffield said — because “all you're going to do is upset your seller by promising a market that isn't there. No one's going to pay you.”
DUG Appalachia: Chesapeake Likes its Dual-basin Portfolio
“Distinctly different,” Chesapeake Energy’s Marcellus and Haynesville shales have nevertheless fit together as complementary pieces of the E&P gas-focused holdings.
Hart Energy at 50: How We’ve Grown
Founded in 1973 with a Rockies-focused magazine and a directory, Hart Energy today is the go-to source of internationally recognized print, digital, in-person conference, mapping and databases of market intelligence for U.S. and global energy leaders.
Tenaris Acquires Mattr’s Pipe Coating Business Unit
Tenaris will acquire nine plants in Canada, Mexico, Norway, Indonesia, the UAE and the U.S.
DUG Appalachia, Liquefied Natural Gas (LNG), Natural Gas, Trade, International, Solar, Wind, Renewables
DUG Appalachia: Gas-averse Regions Put Selves at Mercy of Weather
Regions trying to wean themselves off natural gas, like New England and Europe, are at risk of an energy crisis in a harsh weather event, says BOK Financial’s Dennis Kissler.
Energy Transition in Motion (Week of Dec. 1, 2023)
Here is a look at some of this week’s renewable energy news, including the establishment of a $30 billion climate fund.
US Drillers Add Oil, Gas Rigs for Third Week in a Row
The oil and gas rig count, an early indicator of future output, rose three to 625 in the week to Dec. 1.
Technip Energies, John Cockerill Form Green Hydrogen, Power-to-X Company
Called Rely, the company is an asset light joint venture on a mission to decarbonize hard-to-abate industries.
Equinor Exits Nigeria with Sale of ENEC to Chappal Energies
Equinor is exiting Nigeria with the sale of Equinor Nigeria Energy Co. to Chappal Energies in an effort to consolidate its international oil and gas portfolio.
COP28: Victories, Challenges Still Facing Climate Agenda
COP28 gives the private sector—including those from the oil and gas industry—and other delegates an opportunity to chime in on the global climate agenda set by world leaders.
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Diversified Energy’s Case for Being ‘Right Company at Right Time’ [WATCH]
Douglas Kris, Diversified Energy senior vice president, discusses how its differentiated business model has separated it from risks associated with operations, commodity prices, financing and emissions while generating $1 billion in economic impact for stakeholders and Appalachia states.
SilverBow Closes $700MM Deal for Chesapeake’s South Texas Assets
SilverBow Resources plans to develop its newly acquired high-return Chesapeake Energy inventory with an expanded capital program in 2024.
Oil Falls Over 2% After OPEC + Cuts Fall Short Of Expectations
Saudi Arabia, Russia, Kuwait, Kazakhstan and Algeria were among producers who said cuts would be unwound gradually after the first quarter, market conditions permitting.
South Korea Grants Ørsted License for Offshore Wind Project
The project is expected to be complete in the early 2030s, subject to a final investment decision.
COP28 Kicks Off with Climate Disaster Fund Victory
The early breakthrough on the damage fund, which poorer nations had demanded for years, could help grease the wheels for other compromises to be made during the two-week summit.
Deep Dive: The Evolution of Offshore Development
Deepwater development and installation technology has come a long way since its start.
BP Buys Remaining Lightsource Stake for $320 Million
BP will take ownership of Lighthouse BP by acquiring an additional 50.03% interest in the company, which the supermajor described as a world leader in developing and operating utility-scale solar and battery storage assets.
International Petroleum Adds Deborah Starkman to Board
International Petroleum Corp. previously announced William Lundin’s appointment to the board effective Jan. 1, 2024. With both Starkman and Lundin’s addition, IPC’s board will be increased to eight directors.
DUG Appalachia: ‘Forgotten Child’ Ohio Sees Oil Output Soar
More than $100 billion in investments have poured into Ohio’s oil and gas sector in the past decade.
CNX Banking on Built-in Customer Base for Hydrogen [WATCH]
CNX Resources COO Navneet Behl breaks down the planning, timeline and vision the company has for providing hydrogen in Appalachia.
Consistency is Key to the Future of Drilling Automation
Drilling specialists at Halliburton and Vital Energy see the implementation of AI and machine learning in the oilfield and as potentially transformative.
TotalEnergies Acquires Stake in Morocco-UK Renewables Project
TotalEnergies joins fellow investors Octopus Energy and Abu Dhabi National Energy Co. as investors in U.K. renewables company Xlinks First Ltd.
Safer Than Ever, But Room for Improvement
Advanced technology and social changes have made the oil patch less dangerous for U.S. workers, but industry insiders say there is always room for improvement.
Cheniere, ARC Resources Sign 15-Year Integrated Production Marketing Agreement
Cheniere Energy Inc. and Cheniere Energy Partners LP entered into a 15-year integrated production marketing gas supply agreement with a subsidiary of Canada’s ARC Resources Ltd.
Enbridge Weighs Open Season for Permian Crude Pipeline
Enbridge would gauge demand for increased capacity for exports at Ingleside, Texas.
Greensea IQ Unveils Service Robot for Hull Maintenance.
Greensea’s OPENSEA software provides the robot with Over the Horizon (OTH) operational capability for underwater hull maintenance.