Williams Pulls Away From Constitution Pipeline Project

Greenfield projects like the Northeast gas pipe are too risky at the moment, the company says.

February 21, 2020

Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline

Phillips 66 Partners agreed to acquire a 50% stake in the Liberty Pipeline, a $1.6 billion project to transport Rockies and Bakken crude oil production to Oklahoma’s Cushing hub.

February 21, 2020
Phillips 66 Partners Acquires Interest In $1.6 Billion Liberty Pipeline

Bakken, Rockies Shale: Business Is Different, But Still Viable

At DUG Bakken and Rockies, shale executives acknowledged the headwinds, but remained optimistic about the opportunities in the Powder River Basin, the Bakken and, yes, even Colorado.

February 21, 2020
Aaron Ketter

Shell Midstream To Make FID On Gulf Of Mexico Expansion By June

Shell also said Amberjack Pipeline Co. has signed a dedication and connection agreement with Chevron's Gulf of Mexico anchor project, which is expected to produce oil in 2024.

February 21, 2020

US Oil Rig Count Rises For Third Straight Week

Companies added one oil rig in the week to Feb. 21, bringing the total count to 679, their highest since the week of Dec. 20, Baker Hughes Co. said in its weekly report on Feb. 21.

February 21, 2020

Argentina’s Energy Bust Spawns ‘Ghost Town’ In Prized Vaca Muerta

The success of Vaca Muerta is key for this South American nation that has failed for decades to break free of cyclical crises and is grappling with inflation above 50% and a $100-billion pile of sovereign debt.

February 21, 2020

Best Of This Week’s Drilling Activity Highlights (Feb. 21, 2020)

Three Haynesville producers in De Soto Parish, La., Marathon Middle Bakken completions and a Barnett Shale discovery by Devon Energy top this week’s drilling activity highlights from around the world.

February 21, 2020
Best Of This Week’s Drilling Activity Highlights (Feb. 21, 2020)

FERC Rules Clean Energy Must Pay Higher Market Price In New York

FERC says it is protecting competition; clean energy groups say it will make it harder for state to meet greenhouse gas reduction targets.

February 21, 2020

Tulsa, Okla.-based Unit Corp. Taps David Merrill To Succeed CEO Larry Pinkston

David T. Merrill has been elected to serve as CEO and president of Unit Corp., which is engaged through its subsidiaries in E&P, contract drilling and gas gathering and processing.

February 21, 2020

South Sudan Seeks Rise In Oil Exploration, Output After Peace Deal

South Sudan plans to offer 14 oil blocks to exploration companies in a licensing round in first-quarter 2020.

February 21, 2020

Gulf Of Mexico: Super Basin That Keeps On Giving

The deepwater Gulf of Mexico has proven to be a prolific producer, but companies still see potential in the basin’s frontier and emerging areas.

February 21, 2020
The U.S. Energy Information Administration forecasts oil production from new and existing fields in the GoM will rise to an average 2 MMbbl/d in 2020. (Source: Shutterstock.com)

Hunting Acquires Enpro Subsea In All-cash Deal

Hunting Plc, the international energy services group, has completed the acquisition of Enpro Subsea Ltd. on Feb. 21 for a total consideration of $33 million payable on completion, plus a potential maximum earn out of $3 million based on EBITDA performance in 2020.

February 21, 2020