United States
Field Development , Seismic , Subsea
E&P Highlights: Dec. 4, 2023
Here’s a roundup of the latest E&P headlines including a number of field development project contract awards.
Acquisitions & Divestitures
ProPetro Acquires Permian Cementing Business Par Five Energy
Par Five Energy Services will be integrated within ProPetro Holding’s existing cementing team and operating team and brand.
CCS/CCUS , Finance
Carbon Capture Credits as Commodity: The Market Takes Shape
In the “Wild West” of the carbon credit market, third-party validation and a minting process will help the nascent market, Houston-based Capturiant says.
Crude Oil , International
What's Affecting Oil Prices This Week? (Dec. 04, 2023)
At the meeting OPEC+ agreed to reduce its oil production by another 700,000 bbl/d – which will come from Iraq, UAE, Kuwait, Kazakhstan, Algeria and Oman.
Technology , Liquefied Natural Gas (LNG)
ABB Awarded Order for LNG Phase 1 of Rio Grande Facility
Utilizing ABB’s products and services, Rio Grande LNG Phase 1 is expected to produce 17.6 million tonnes per annum (mtpa) of LNG.
Acquisitions & Divestitures , Mergers , Shale Plays
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.
Acquisitions & Divestitures , The OGInterview , Mergers , Shale Plays
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.
Methane
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.
DUG Appalachia , Shale Plays
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.
Hall of Fame
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.