Challenges Facing Budding US Offshore Wind Sector

Policy and permitting, the environment and metocean conditions, and infrastructure were among the topics discussed as companies aim to advance projects.

September 21, 2020
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OPEC Watching Libyan Oil Restart Closely for Deeper Supply Cuts

OPEC member Libya is exempt from cutting oil output under a deal by OPEC and allies, known as OPEC+. A restart in Libya supply could force other producers to make further reductions to support prices.

September 21, 2020

Hart Energy Unconventional Activity Tracker (Week of Sept. 21, 2020)

U.S. drillers added oil and gas rigs for the second time in three weeks as a recent increase in energy prices from coronavirus-linked lows prompted some to return to the wellpad.

September 21, 2020
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Occidental Petroleum to Pay Dividend to Buffett’s Berkshire in Cash

Occidental Petroleum said Sept. 21 it will pay a $200 million quarterly dividend to Warren Buffett's Berkshire Hathaway in cash instead of common stock, even as the company tries to reduce debt.

September 21, 2020

TC Energy CEO Russ Girling to Retire by Year-end

TC Energy COO François Poirier will take over as president and CEO after the Canadian pipeline operator’s current boss Russ Girling retires at the end of this year.

September 21, 2020
TC Energy CEO Russ Girling to Retire by Year-end

Marketed: Producing Royalty Assets, Karnes County, Texas

Bellatorum Phalanx Investments retained EnergyNet for the sale of producing mineral and royalty interests in a five-well package located in Karnes County in South Texas through an auction closing Oct. 6.

September 21, 2020

Bids for Exxon Mobil’s British North Sea Assets Due Late October

Bids for a portfolio of Exxon Mobil’s British North Sea oil and gas fields, which is expected to fetch around $1 billion following this year’s oil price weakness, are due on Oct. 28, sources say.

September 21, 2020

What’s Affecting Oil Prices This Week? (Sept. 21, 2020)

The first cut is the deepest…or not? OPEC+ will likely need to add oil output cuts soon, Stratas Advisors says in its latest oil price forecast.

September 21, 2020
What’s Affecting Oil Prices This Week? (Sept. 21, 2020)

Exxon Mobil Expands Joint Development Deal with Global Thermostat

Exxon Mobil and Global Thermostat have expanded their joint development agreement on Sept. 21 following 12 months of technical evaluation to determine the feasibility and potential scalability of Global Thermostat’s technology that captures carbon dioxide (CO2) directly from the air.

September 21, 2020

CNOOC Starts Production at Liuhua Oil Field in South China Sea

The joint development project has a water depth of about 410 meters and features one 150,000-DWT FPSO with three underwater production systems, CNOOC said.

September 21, 2020

Wintershall Dea, Cognite Enable Domain Experts to Harness Value from North Sea Data

This effort builds on an existing partnership between the companies. It will allow the ingestion and contextualization of data from the Brage field to build applications which support Wintershall Dea domain experts in decision-making for smart maintenance and production optimization.

September 21, 2020

Oil and Gas Industry A&D Trends: At the Brink

As 2020 crawls through the third quarter, the strains on M&A and the oil and gas industry are beginning to take on albatross-ian levels.

September 21, 2020
Oil and Gas Industry A&D Trends: At the Brink