Midstream Contracts: Joined at the Pipe

Producers and midstream operators must work together to survive, and contract renegotiations could be part of that effort. Here are some key considerations for when companies have to come to the table.

July 10, 2020
Midstream Contracts: Joined at the Pipe

US Energy Secretary Delays SPR Site Visit in Texas Due to Suspected COVID-19 Case

U.S. Energy Secretary Dan Brouillette had planned to visit the Big Hill Strategic Petroleum Reserve, or SPR, site in Texas on July 10.

July 10, 2020

UGI Energy Services Completes Acquisition of Renewable Natural Gas Company

UGI Corp. said July 9 that its subsidiary, UGI Energy Services LLC, acquired GHI Energy LLC, a Houston-based renewable natural gas company.

July 9, 2020

Fugro Adds Vessels to Atlantic Shores Offshore Wind Site

Fugro has mobilized two additional vessels off the coast of New Jersey to support their ongoing site characterization work for Atlantic Shores Offshore Wind, a joint venture between Shell New Energies US LLC (Shell) and EDF Renewables North America, the company said on July 9.

July 9, 2020

E&P Bright Spots Emerge Despite Little Near-term Optimism

Panelists discuss how oil and gas players are navigating current conditions as they await better days ahead.

July 9, 2020
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US Judge Rejects Latest Dakota Access Effort to Avoid Pipeline Shutdown

Dakota Access said shutting the line would cost companies and state economies billions of dollars and result in the loss of thousands of jobs.

July 9, 2020

Raymond James Names Veteran Energy Banker Will Hodge as E&P Banking Co-head

Raymond James said it expanded its energy investment banking practice on July 8 with the hiring of veteran energy bankers Will Hodge and Jacob Call.

July 9, 2020

Experts Offer Grim Outlook for Upstream Bankruptcies

Current market conditions are expected to drive a “significant increase in bankruptcies” for E&P companies during the second half of 2020, one expert says.

July 9, 2020
Experts Offer Grim Outlook for Upstream Bankruptcies

Coronavirus Demand Destruction Cuts LNG Exports to Over 20-Month Low

Utilization has collapsed from as high as 90% to 32%.

July 9, 2020

Halliburton Launches Subsea Fiber Optic Service with TechnipFMC

The technology creates a paradigm shift to reduce reservoir uncertainty and lower total cost of ownership.

July 9, 2020

Weatherford Signs Four-Year Contract with Eni

Radio frequency identification-equipped downhole casing isolation valves aim to increase operational safety and reservoir performance.

July 9, 2020

Petrofac Bags $135 Million Contract with Kazakhstan’s NCOC

The work scope for the 30-month project includes an inlet stream screening to remove debris, feed water tanks with oil skimmer and pumps, a clarifier system including flocculation, coagulation and oil skimmer, treated wastewater storage and pumps, sludge treatment and relative utilities.

July 9, 2020