Baytex Energy Joins Eagle Ford Shale’s Refrac Rally
Canadian operator Baytex Energy joins a growing number of E&Ps touting refrac projects in the Eagle Ford Shale. This post appeared first on Hart Energy.
Read More...CEO: Baker Hughes Lands $3.5B in New Contracts in ‘Age of Gas’
Baker Hughes revised down its global upstream spending outlook for the year due to “North American softness” with oil activity recovery in second half unlikely to materialize, President and CEO Lorenzo Simonelli said. This post appeared first on Hart Energy.
Read More...Pemex Hits Debt Target, Struggles to Reverse Production Declines
Pemex achieved its long-term debt target, which aimed to gets its financial obligations below the $100 billion, while struggling to halt production declines. This post appeared first on Hart Energy.
Read More...Energy Transition in Motion (Week of July 26, 2024)
Here is a look at some of this week’s renewable energy news, including news on another U.S. hydrogen hub. This post appeared first on Hart Energy.
Read More...US Rig Count Makes Biggest Monthly Jump Since November 2022
The oil and gas rig count, an early indicator of future output, rose by three to 589 in the week to July 26. This post appeared first on Hart Energy.
Read More...Private Equity Looks for Minerals Exit
Private equity firms have become adroit at finding the best mineral and royalties acreage; the trick is to get public markets to pay more attention. This post appeared first on Hart Energy.
Read More...BP and NGC Sign E&P Deal for Offshore Venezuelan Cocuina Field
BP and NGC signed a 20-year agreement to develop Venezuela’s Cocuina offshore gas field, part of the Manakin-Cocuina cross border maritime field between Venezuela and Trinidad and Tobago. This post appeared first on Hart Energy.
Read More...Canada Likely to Delay Trans Mountain Pipeline Sale
The Canadian government will likely stall the sale of the Trans Mountain oil pipeline until after the national election in 2025. This post appeared first on Hart Energy.
Read More...CNX Touts Deep Utica Wells Results as Deferrals Hit Production
Appalachia producer CNX Resources is reporting promising early results from two of three deep Utica Shale wells brought online in central Pennsylvania last quarter. This post appeared first on Hart Energy.
Read More...TotalEnergies ‘Working on’ Another Texas Acquisition, Suriname FID- CEO
TotalEnergies expects to take a final investment decision on Suriname Block 58 in the second half of 2024 while searching for its next acquisition in Texas. This post appeared first on Hart Energy.
Read More...H&P’s $2B KCA Deutag Deal Positions Driller as Global Powerhouse
Helmerich & Payne’s acquisition of U.K. service company KCA Deutag will expand its international reach, particularly in the Middle East, as well as its onshore presence in the U.S. This post appeared first on Hart Energy.
Read More...Dividends Declared in the Week of July 22
Second quarter earnings are underway, and companies are declaring dividends. This post appeared first on Hart Energy.
Read More...Helmerich & Payne to Acquire KCA Deutag for $2B
H&P expects the acquisition of KCA Deutag to expand its international footprint, particularly in the Middle East, and enhance its global onshore drilling role. This post appeared first on Hart Energy.
Read More...Investing ‘Generationally’: The Family Office View of Oil and Gas
Key family offices, whose wealth developed from other industries, are filling in oil and gas investment gaps left by the flight of endowment and institutional capital from the space. This post appeared first on Hart Energy.
Read More...Despite Slowing NAM Activity, Weatherford Declares First-ever Dividend
Weatherford reported a softer North America market but strong overseas growth, leading the company’s board to authorize its first share buyback program and first quarterly dividend. This post appeared first on Hart Energy.
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