Apollo will purchase the non-controlling interest from BP subsidiary BP Pipelines TAP Ltd. for $1 billion as the oil major continues to make progress on a divestment target of up to $3 billion. This post appeared first on Hart Energy.
Read More...Vallourec Tubular Solutions will acquire 100% of the shares of Thermotite, Mattr’s last remaining pipe coating business. This post appeared first on Hart Energy.
Read More...With expectations for more favorable supply/demand fundamentals and improvement in the sentiment of oil traders, Stratas Advisors forecast higher oil prices with the price of Brent crude moving back above $80. This post appeared first on Hart Energy.
Read More...Hidden in last Friday’s weekly Baker Hughes official rig count is a big story happening in the Marcellus/Utica. From the 30,000-foot level, Friday’s latest rig count report appeared just fine. The national rig count, which counts all oil and gas rigs, added an astonishing eight rigs to the count after languishing for months — the…
Read More...We spotted a report about an aboveground pipeline that flows shale wastewater that sprung a leak and released an estimated 12,600 gallons of brine (salty water from deep below the surface) on the ground in Gilmore Township, Greene County, PA. The pipeline is owned by EQM Gathering, another name for Equitrans Midstream, which is now…
Read More...A couple of interesting developments with the Susquehanna River Basin Commission (SRBC), which, unlike its dysfunctional cousin, the Delaware River Basin Commission (DRBC), the SRBC continues to allow water withdrawals to supply water for shale fracking in northeastern Pennsylvania. The first development is that over the weekend (on Saturday), the SRBC Hydrologic Conditions Monitor showed…
Read More...The Pennsylvania Dept. of Environmental Protection (DEP) wants to spend some of the $214+ million it’s receiving from the federal government’s Phase 1 & 2 program to plug orphaned conventional oil and gas wells on a research project to determine the potential health impacts of living near such wells. You may recall the flawed (totally…
Read More...Last Thursday (Sept. 12), the Pennsylvania State Senate Republican Policy Committee held a hearing in Pittsburgh to explore ways to simplify and make more effective PA’s expanded abandoned and orphan conventional oil and gas well plugging programs. As a reminder, abandoned wells are those with no production for at least 12 months in a row….
Read More...Opponents of Enbridge’s Line 5 project say the move is positive and will allow more time for the project to meet environmental and legal concerns. This post appeared first on Hart Energy.
Read More...Here is a look at some of this week’s renewable energy news, including an agreement between Exxon Mobil and Mitsubishi Corp. concerning ammonia from a planned hydrogen facility in Texas. This post appeared first on Hart Energy.
Read More...Here is a compilation of dividends declared by select upstream and service and supply companies for third-quarter 2024. This post appeared first on Hart Energy.
Read More...Chevron Corp., already drilling nearly 2.8-mile laterals at its Loma Campana Field in Argentina, wants to drill even longer horizontals, an executive told Hart Energy. This post appeared first on Hart Energy.
Read More...Rising Phoenix Minerals CEO Jace Graham said his boutique firm isn’t getting any bigger: The company doesn’t need a squad of infantry when “we’ve got a team of snipers.” This post appeared first on Hart Energy.
Read More...The SMARTEN Unify control system is the first plunger lift controller in ChampionX’s SMARTEN portfolio. This post appeared first on Hart Energy.
Read More...Tidewater Midstream and Infrastructure purchased assets from its renewables-focused subsidiary Tidewater Renewables. This post appeared first on Hart Energy.
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