TGS, PGS Release Seismic Data for Offshore Canada

TGS, a leading provider of multi-client geoscience data for E&P companies, in partnership with PGS, released the final 3-D seismic data results offshore Newfoundland and Labrador on March 31, ahead of the C-NLOPB announcement of parcels and the forthcoming licensing round.

March 31, 2020

Marketed: Olifant Energy Austin Chalk, Eagle Ford Shale Package

Olifant Energy retained Meagher Energy Advisors for the sale of an Austin Chalk and Eagle Ford package of assets located in Louisiana's Vernon Parish.

March 31, 2020

Texas Oil Industry Launches Alliance to Tackle Flaring, Emissions

Known as the Texas Methane and Flaring Coalition, the new group will collectively identify and promote operational and environmental recommended practices to minimize flaring and methane emissions.

March 31, 2020

OGI at Closing: LNG Force Majeure

Gas prices have created the “perfect storm” thanks to a warm winter and the surprise hit of the coronavirus.

March 31, 2020
OGI at Closing: LNG Force Majeure

Replay: Energy Capital Conference—Persepectives, Alternatives and Trends

Watch all video presentations from Hart Energy’s Energy Capital Conference at your convenience, including perspectives on ESG in the E&P sector, creative alternatives for attracting capital, private equity value creation strategies and more.

March 31, 2020
Replay: Energy Capital Conference—Persepectives, Alternatives and Trends

Shell Expects Up to $800 Million Write-down after Oil Crash

Shell said it expects “significant uncertainty” over oil and gas prices and demand as consumption falls due to COVID-19 lockdowns across the globe.

March 31, 2020

Barclays Sets 2050 ‘Net Zero’ Carbon Goal after Investor Pressure

Barclays, one of the biggest lenders in Europe to the fossil fuel industry, on March 30 set itself a target to reach "net zero" for its own carbon emissions and the activities it finances by 2050.

March 31, 2020

Analyst: Shale Service Providers to Bear Brunt of Oil Market Crash

The U.S. shale market will carry the biggest burden of budget cuts in the oilfield service market, says a Rystad Energy analyst.

March 31, 2020
Analyst: Shale Service Providers to Bear Brunt of Oil Market Crash

TC Energy to Build Keystone XL Pipeline

Construction will lead to thousands of new jobs, billions in economic stimulus and enhanced North American energy security.

March 31, 2020

US, Russia Agree to Oil Market Talks

Trump calls the price war between Russia and Saudi Arabia ‘crazy.’

March 31, 2020
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BHP Awards Trion Field Pre-FEED Contract to McDermott

The pre-FEED scope includes engineering tasks related to the configuration, sizing and preliminary analysis of the FPU, including topsides, hull, risers and mooring.

March 31, 2020

Diamondback Energy Cuts 2020 Production Forecast

The company said it now plans to produce about 295,000 to 310,000 barrels of oil equivalent per day (boe/d) for the full year, lower than its previous forecast of 310,000 to 325,000 boe/d.

March 31, 2020