Chris
Mathews
Hart Energy
Chevron to Divest 20% Interest Offshore Suriname to QatarEnergy
Chevron Corp. will divest a 20% interest to QatarEnergy in a production sharing contract related to Suriname offshore Block 5.
NatGas Purgatory: US Gas Spot Prices Hit Record Lows in 1H24—EIA
Facing record-low commodity prices, U.S. dry gas producers have curtailed production and deferred new completions in the first half of 2024.
Comet Ridge Awarded Mahalo Far East Extension for 6-year Term
Comet Ridge was awarded 100% ownership and operator of Australia’s Mahalo Far East Extension for an initial term of 6 years.
Williams Begins Louisiana Project Despite Lingering Legal Dispute
Williams Cos. Informed FERC that the Louisiana Energy Gateway project will begin construction despite an ongoing dispute with midstream rival Energy Transfer.
EQT Closes $5.45B Acquisition of Equitrans Midstream
In addition to integrating Equistrans’ midstream assets, EQT will focus on reducing the infrastructure company’s debt of between $7.6 billion and $8 billion. Including equity and debt, the deal is valued at roughly $13 billion.
Exxon Surprises with Smaller FPSO for Guyana’s Hammerhead Project
Exxon Mobil Corp. announced plans for its seventh development offshore Guyana, Hammerhead, which will add 120,000 bbl/d to 180,000 bbl/d of production capacity starting in 2029.
US Drillers Add Oil, Gas Rigs for Second Time in Three Weeks
The oil and gas rig count, an early indicator of future output, rose by two to 586 in the week to July 19, its highest since late June.
Despite 2Q Earnings Miss, Kinder Morgan Plans Gas Capacity Growth
Kinder Morgan's second quarter earnings fell short of expectations due to recent low gas prices, but remains bullish on natural gas demand and is moving ahead on projects in the Southeast U.S. and Williston Basin.
Southeast Asia NatGas Projects Could Unlock $100B Boom- Rystad
Southeast Asia's offshore gas industry is set for a $100 billion boom by 2028, driven by a flurry of final investment decisions by oil and gas majors and national oil companies, according to Rystad Energy.
West Texas Hold ’Em: Permian Plays Pipeline Poker
The consensus is that the Permian Basin needs another major gas pipeline soon. Midstream companies are trying to figure out when … and who will make the move.