Mexico’s Planned Oil Changes Could Hurt Competition, Antitrust Body Says

Anti-trust watchdog COFECE also said that if the initiative is approved, it would generate legal uncertainty in the industry and distort the system of oil permits.

April 12, 2021

BP’s Argos Platform for US GoM Mad Dog 2 Arrives in Texas Waters

Argos is set to become BP’s fifth operated platform in the GoM and the first new platform since Thunder Horse began production in 2008, the company said.

April 12, 2021
BP-Argos-platform-Mad-Dog-2-Gulf-of-Mexico

New York Pension Fund Divests over $7 Million from Canadian Oil Sands Producers

New York State, which has the third-largest pension fund in the U.S. with an estimated valuation of about $248 billion, will continue to invest in oil sands producer Suncor Energy.

April 12, 2021
New York Pension Fund Divests over $7 Million from Canadian Oil Sands Producers

TC Energy Eyes Renewable Energy Opportunities for US Pipeline Business

TC Energy said April 12 it had issued a request for information seeking to identify wind energy investment opportunities that would generate 620 megawatt of “zero-carbon” electricity for its U.S. pipeline business.

April 12, 2021
TC Energy Eyes Renewable Energy Opportunities for US Pipeline Business

US Shale Oil Output to Rise 13,000 Barrels per Day in May

The biggest increase is set to come from the Permian Basin, where oil output is expected to reach its highest since April 2020, the EIA said in a monthly forecast.

April 12, 2021
US Shale Oil Output to Rise 13,000 Barrels per Day in May

Hart Energy Unconventional Activity Tracker (Week of April 5, 2021)

The largest change to the U.S. rig count in the last week was in the Anadarko Basin, where six rigs were added—all additions came from previously inactive companies firing up a rig.

April 12, 2021
hart-energys-unconventional-activity-tracker.jpg

Wind Overtakes Gas-fired Power Generation for First Time in Texas

Analysts at S&P Global Platts said gas would likely take market share back from wind in coming months as demand for air conditioning rises this summer.

April 12, 2021
Wind Overtakes Gas-fired Power Generation for First Time in Texas

Lebanon PM Approves Expansion of Area Claimed in Maritime Dispute with Israel

The amendment would add about 1,400 square km to the exclusive economic zone claimed by Lebanon in its original submission to the United Nations.

April 12, 2021

Marketed: Nonop Bakken Properties, North Dakota, Montana

BOKF Petro Holdings II LLC is offering for sale certain nonoperated working interest properties in Montana and North Dakota.

April 12, 2021

What’s Affecting Oil Prices This Week? (April 12, 2021)

In its latest oil price forecast, Stratas Advisors explores whether oil prices will rebound in the second quarter or continue on the downward trend of the last several weeks.

April 12, 2021
What’s Affecting Oil Prices This Week? (April 12, 2021)

Equinor Sees Brazil’s Peregrino Oil Field Restarting in 1H

The heavy oil field in the Campos basin was shut in April 2020 due to a rupture of a riser at the Peregrino A platform during a test.

April 12, 2021

Midstream Business Pinnacle II Executive Q&A: Starting in the Midland Basin

Pinnacle Midstream founder Greg Sargent is confident in the Permian Basin and the industry’s ability to “conform and prosper as we always have” to new conditions and regulations.

April 12, 2021
Midstream Business Pinnacle II Executive Q&A: Starting in the Midland Basin