E&P Highlights: April 22, 2024
Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards. This post appeared first on Hart Energy.
Read More...US EPA Expected to Drop Hydrogen from Power Plant Rule, Sources Say
The move reflects skepticism within the U.S. government that the technology will develop quickly enough to become a significant tool to decarbonize the electricity industry. This post appeared first on Hart Energy.
Read More...For Sale? Trans Mountain Pipeline Tentatively on the Market
Politics and tariffs may delay ownership transfer of the Trans Mountain Pipeline, which the Canadian government spent CA$34 billion to build. This post appeared first on Hart Energy.
Read More...TotalEnergies to Acquire Remaining 50% of SapuraOMV
TotalEnergies is acquiring the remaining 50% interest of upstream gas operator SapuraOMV, bringing the French company’s tab to more than $1.4 billion. This post appeared first on Hart Energy.
Read More...TotalEnergies Cements Oman Partnership with Marsa LNG Project
Marsa LNG is expected to start production by first quarter 2028 with TotalEnergies holding 80% interest in the project and Oman National Oil Co. holding 20%. This post appeared first on Hart Energy.
Read More...CCI Pitches Climate Litigation to Allegheny County, PA Amidst Local Resistance
Despite local resistance from Pennsylvania workers, on April 10, a Rockefeller-funded activist organization that recruits municipalities, cities, and states across the country to join the litigation campaign pitched their anti-energy playbook to the Allegheny County Council Committee on Sustainability and Green Initiatives. The Center for Climate Integrity’s (CCI) presentation came days after a wide variety
Read More...Wayangankar: Golden Era for US Natural Gas Storage – Version 2.0
While the current resurgence in gas storage is reminiscent of the 2000s —an era that saw ~400 Bcf of storage capacity additions — the market drivers providing the tailwinds today are drastically different from that cycle. This post appeared first on Hart Energy.
Read More...Biden Administration Criticized for Limits to Arctic Oil, Gas Drilling
The Bureau of Land Management is limiting new oil and gas leasing in the Arctic and also shut down a road proposal for industrial mining purposes. This post appeared first on Hart Energy.
Read More...SLB’s ChampionX Acquisition Key to Production Recovery Market
During a quarterly earnings call, SLB CEO Olivier Le Peuch highlighted the production recovery market as a key part of the company’s growth strategy. This post appeared first on Hart Energy.
Read More...PHX Minerals’ Borrowing Base Reaffirmed
PHX Minerals said the company’s credit facility was extended through Sept. 1, 2028. This post appeared first on Hart Energy.
Read More...Exclusive: The Politics, Realities and Benefits of Natural Gas
Replacing just 5% of coal-fired power plants with U.S. LNG — even at average methane and greenhouse-gas emissions intensity — could reduce energy sector emissions by 30% globally, says Chris Treanor, PAGE Coalition executive director. This post appeared first on Hart Energy.
Read More...Energy Transition in Motion (Week of April 19, 2024)
Here is a look at some of this week’s renewable energy news, including the latest on global solar sector funding and M&A. This post appeared first on Hart Energy.
Read More...Renewed US Sanctions to Complicate Venezuelan Oil Sales, Not Stop Them
Venezuela’s oil exports to world markets will not stop, despite reimposed sanctions by Washington, and will likely continue to flow with the help of Iran—as well as China and Russia. This post appeared first on Hart Energy.
Read More...US Drillers Add Oil, Gas Rigs for First Time in Five Weeks
The oil and gas rig count, an early indicator of future output, rose by two to 619 in the week to April 19. This post appeared first on Hart Energy.
Read More...Strike Energy Updates 3D Seismic Acquisition in Perth Basin
Strike Energy completed its 3D seismic acquisition of Ocean Hill on schedule and under budget, the company said. This post appeared first on Hart Energy.
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