Arctic
Liquefied Natural Gas (LNG)
Equinor's Hammerfest LNG Plant Offline After Outage
Equinor's Hammerfest LNG plant suffered a compressor failure caused by a technical problem with a heat exchanger and is expected to remain offline until May 19.
Energy Transition , Drilling
Electric Vehicles: A Wrench in the Economics of Arctic Exploration and Drilling
Rystad Vice President Matthew Hale says widespread adoption of electric vehicles will have a significant impact on oil demand and price going into 2030.
Exploration & Production
E&P Highlights: April 24, 2023
Here’s a roundup of the latest E&P headlines, including the Pierce Field starting production after upgrades, a subsea-tieback project going online and some new discoveries in the upstream oil and gas industry.
Investment , Energy Transition
UniCredit Sets Emission Goals for Carbon Intensive Sectors
UniCredit will strengthen its advisory services for companies in carbon-intensive sectors, as well as boost sustainable lending.
Exploration & Production , Policy & Regulations
Norway Plans to Offer Record Number of Arctic Oil, Gas Exploration Blocks
Norway plans to offer 92 exploration blocks in Barents, Norwegian Seas, but the Socialist Left party vows to fight to stop or reduce the plan.
Acquisitions & Divestitures , Trends , Mergers , A&D Minute
A&D Minute (Jan. 11, 2023): Phillips 66's Whopping $3.8 Billion NGL Investment [WATCH]
Also in this week's A&D Minute: What's fueling the multi-billion dollar midstream M&A spending spree? Plus, see what Hilcorp Alaska bid at a Cook Inlet lease sale.
Legislation , Transactions
Environmentalists Sue to Stop US Oil, Gas Auction off Alaska Coast
Under President Biden's Inflation Reduction Act, the Alaskan sale is required to hold by Dec. 31.
Field Development
Equinor Brings Askeladd LNG On Stream
Phase 1 of Askeladd will bring 18 Bcm of gas and 2 MMcm of condensate to the market via the Hammerfest LNG plant on Melkøya, Equinor stated.
Acquisitions & Divestitures , Trends , Mergers
Energy A&D Transactions from the Week of Nov. 30, 2022
Here’s a snapshot of recent energy deals including a $1.55 billion acquisition by Diamondback Energy in the Permian Basin and Shell’s nearly $2 billion RNG deal.
Exploration & Production , Legislation
BOEM Publishes Final Notice of Sale for Alaska Cook Inlet
The Inflation Reduction Act, signed in August, directed BOEM to hold the Alaska Cook Inlet sale on or before year’s end.