North America

Pipelines , Trade , International

Biden Administration Argues Against Enbridge Pipeline Shutdown Order

The U.S. argues that shutting down the pipeline could interrupt service and violate a 1977 treaty between the U.S. and Canada to keep oil flowing.

April 11, 2024

Energy Transition , Exploration & Production

‘Unapologetic,’ Barclays Restarts E&P Coverage: ‘The World Needs Oil and Gas’

Barclays analysts, in restarting coverage of E&Ps, presented anti-hydrocarbon investors with “a reality check on energy transition.”

April 10, 2024

Midstream , Dividends/Buybacks

Pembina Declares Series of Quarterly Dividends

Pembina Pipeline Corp’s board of directors declared quarterly dividends for series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25.

April 10, 2024

Completions , Unconventional , Drilling , DUG Haynesville , Shale Plays

Haynesville’s Harsh Drilling Conditions Forge Tougher Tech

The Haynesville Shale’s high temperatures and tough rock have caused drillers to evolve, advancing technology that benefits the rest of the industry, experts said.

April 10, 2024

Crude Oil , Pipelines

US Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten

Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.

April 10, 2024

Liquefied Natural Gas (LNG) , Natural Gas

Mexico Pacific FID Imminent for Saguaro LNG Trains 1 and 2

Mexico Pacific Ltd. is close to taking an initial final investment decision for the first two trains at its Saguaro Energía LNG facility in Sonora, Mexico, which will source feed gas from the Permian Basin.

April 4, 2024

Pipelines

Early Startup of Trans Mountain Pipeline Expansion Surprises Analysts

Analysts had expected the Trans Mountain Pipeline expansion to commence operations in June but the company said the system will begin shipping crude on May 1.

April 4, 2024

Earnings , Shale Plays , Rig Counts , Field Development

E&P Earnings Season Proves Up Stronger Efficiencies, Profits

The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.

April 4, 2024

Promotions , Midstream

TC Energy Appoints Sean O’Donnell as Executive VP, CFO

Prior to joining TC Energy, O’Donnell worked with Quantum Capital Group for 13 years as an operating partner and served on the firm’s investment committee.

April 3, 2024

Hydrogen

Tangled Up in Blue: Few Developers Take FID on Hydrogen Projects

SLB, Linde and Energy Impact Partners discuss hydrogen’s future and the role natural gas will play in producing it.

April 3, 2024