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Hart Energy
Q&A: Scott Angelle on the Environmental Advantage of US Oil, Gas
Former BSEE director Scott Angelle shares his thoughts on the energy transition and why the U.S. has some of the most environmentally advantaged barrels compared to other parts of the world.
WhiteWater Midstream Responds to ‘Explicit Threats’ from Mexican Utility
Mexican state-owned utility’s criminal investigation targeting WhiteWater could have a chilling effect on other U.S. energy companies looking at opportunities in the country.
Biden Energy Agenda on Collision Course with Reality, Shale Banker Says
Consumers “don’t want to be paying” for the energy transition, says a top oil banker who thinks the Biden administration is only just beginning to come to grips with how difficult the politics of that transition will be in the U.S.
DUG Permian, Eagle Ford Kicks Off with Focus on Carbon Management Solutions
Oil and gas industry experts gathered to discuss best carbon management practices at Hart Energy’s Carbon Management Forum preceding the DUG Permian and Eagle Ford conference and exhibition.
The Latest
Crude Oil
OPEC Oil Output Hits 15-month High, Survey Shows
Saudi Arabia delivered the biggest increase in July of 460,000 bbl/d of oil, as it further unwound its voluntary cut and raised output as part of the July 1 OPEC+ boost.
August 2, 2021
Trade
US Says Seizes Oil Tanker Used to Evade North Korea Sanctions
A DOJ statement said the M/T Courageous was seized by Cambodian authorities in accordance with a U.S. warrant, having been used to transfer oil products to North Korean vessels.
August 2, 2021
Liquefied Natural Gas (LNG)
Poland’s PGNiG Terminates LNG Deal over Delayed Texas Project
PGNiG, Poland’s biggest gas company, signed a 20-year agreement for LNG supples with Sempra in 2018, as part of its bigger plan to cut reliance on gas imports from Russia.
July 30, 2021
Private Equity
Brookfield Asset Management Closes $7 Billion ‘Global Transition’ Fund
The fund, named Brookfield Global Transition Fund, is supported by founding investment partners, Ontario Teachers’ Pension Plan Board and Temasek, which both pledged major commitments.
July 28, 2021
Public Capital
FERC to Hear Total Alleged Natural Gas Manipulation Case by 2022
FERC was hoping for an earlier hearing on the case against Total, but the administrative law judge in an order on July 27 said the “complexity of this matter” requires a longer timetable.
July 28, 2021
Public Capital
Shell to Acquire US-based Renewable Energy Residential Retailer
The acquisition of Inspire Energy, a renewable energy residential retailer with joint headquarters in Santa Monica and Philadelphia, advances Shell’s strategy to build and scale renewable and low-carbon businesses, the European supermajor said.
July 27, 2021
Exploration & Production
Review of Federal Oil, Gas Leasing Program Nearing Completion: Haaland
The Biden administration earlier this year stopped holding federal oil and gas lease sales, pending the review, but a federal judge last month ruled that his leasing freeze was unlawful.
July 27, 2021
Investment
Iraq Wants American Firm to Replace Exxon, Prime Minister Says
Iraq's Prime Minister Mustafa al-Kadhimi said on July 26 he wants another American company to replace Exxon Mobil Corp. when it exits Iraq.
July 27, 2021
Public Capital
Cenovus Energy Signs Solar Offtake Deal in Net-zero Push
Cenovus signed a 15-year power purchase agreement for the full output of a solar facility in southern Alberta, providing the offtake contract necessary for the construction of the project and ultimately helping Cenovus mitigate its scope 2 emissions.
July 26, 2021
Public Capital
What’s Driving Some to Consider a Permian Basin Exit
Analysts share insight on the oil and gas industry’s response to climate concerns and the future of fracking that has led some, like Shell, to consider withdrawing from the Permian Basin plus what opportunities remain for those choosing to stay.
July 26, 2021