US Sends First Shipment of Crude to Saudi Arabia Since 2002

Cargo was less than can be carried by one Aframax tanker.

August 6, 2020
aframaxtanker

ProPetro to Run More Hydraulic Fracturing Fleets in Coming Months

U.S. hydraulic fracturing firm ProPetro Holding Corp. plans to run between seven to eight fleets this quarter, up from an average of four fleets in the second quarter, executives told investors on an earnings call on Aug. 5.

August 6, 2020

Chevron Can Put Israel’s Leviathan Gas Field on Global Stage, Partner Says

Chevron became the first energy major to enter the Israeli market when it agreed last month to buy Texas-based Noble Energy, which has stakes in Israeli offshore gas fields.

August 6, 2020

WhiteWater Midstream to Provide Permian Basin NGL Transportation Solutions

WhiteWater Midstream, MPLX LP and West Texas Gas Inc. (WTG) have formed a joint venture (JV) on Aug. 6 to provide NGLs takeaway capacity from MPLX and WTG gas processing plants in the Permian Basin to the NGL fractionation hub in Sweeny, Texas.

August 6, 2020

Texas Takes Steps to Reduce Flaring in Oil Sector

Changes would include reducing the amount of time an operator may get an administrative exception to flare natural gas.

August 6, 2020
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E&P Executive Q&A: New API Upstream VP Talks Today’s Challenging Energy Sector

Lem Smith, who was named as vice president of upstream policy for API in May, discusses the oil and gas association’s role amid the current energy climate.

August 6, 2020
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Marathon Oil Posts Smaller-than-expected Loss after Reining in Costs

Excluding items, Marathon Oil posted a loss of 60 cents per share, smaller than analysts' estimate of 63 cents per share, according to Refinitiv IBES, while Parsley Energy posted a surprise profit.

August 6, 2020

US Shale Producers Pioneer, Devon Considering Variable Dividend

Shale firms are searching for a way to reward shareholders after years of poor financial returns, and Pioneer CEO Scott Sheffield said it is trying to carve out a new model for a volatile industry that is out of favor with investors.

August 6, 2020

FERC Commissioner McNamee to Step Down

Departure could leave the commission with only three of its five seats filled.

August 5, 2020
FERC Commissioner McNamee to Step Down

Epic Y-Grade Completes First Greenfield Fractionator

Company also sells excess pipeline capacity to WhiteWater Midstream and MPLX.

August 5, 2020

Halliburton Introduces Cerebro Force Drill Bit Sensor

In-bit sensors deliver performance measurements to maximize drilling efficiency and lower well construction costs.

August 5, 2020

Eni Names Francesco Gattei as CFO

Francesco Gattei has taken up the role of CFO at Eni, the company said on Aug. 3.

August 5, 2020