Range Resources Holds Production Steady in 1Q 2024
NGLs are providing a boost for Range Resources as the company waits for natural gas demand to rebound. This post appeared first on Hart Energy.
Read More...EQT Sees Clear Path to $5B in Potential Divestments
EQT Corp. executives said that an April deal with Equinor has been a catalyst for talks with potential buyers. This post appeared first on Hart Energy.
Read More...Novo II Reloads, Aims for Delaware Deals After $1.5B Exit Last Year
After Novo I sold its Delaware Basin position for $1.5 billion last year, Novo Oil & Gas II is reloading with EnCap backing and aiming for more Delaware deals. This post appeared first on Hart Energy.
Read More...Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities. This post appeared first on Hart Energy.
Read More...TotalEnergies, Vanguard Renewables Form RNG JV in US
Total Energies and Vanguard Renewable’s equally owned joint venture initially aims to advance 10 RNG projects into construction during the next 12 months. This post appeared first on Hart Energy.
Read More...NextEra Energy Dials Up Solar as Power Demand Grows
NextEra’s renewable energy arm added about 2,765 megawatts to its backlog in first-quarter 2024, marking its second-best quarter for renewables — and the best for solar and storage origination. This post appeared first on Hart Energy.
Read More...Halliburton’s Low-key M&A Strategy Remains Unchanged
Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX. This post appeared first on Hart Energy.
Read More...Enverus: Q1 Upstream Deals Hit $51B, But Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market. This post appeared first on Hart Energy.
Read More...Baker Hughes Awarded Saudi Pipeline Technology Contract
Baker Hughes will supply centrifugal compressors for Saudi Arabia’s new pipeline system, which aims to increase gas distribution across the kingdom and reduce carbon emissions This post appeared first on Hart Energy.
Read More...Ithaca Energy to Buy Eni’s UK Assets in $938MM North Sea Deal
Eni, one of Italy’s biggest energy companies, will transfer its U.K. business in exchange for 38.5% of Ithaca’s share capital, while the existing Ithaca Energy shareholders will own the remaining 61.5% of the combined group. This post appeared first on Hart Energy.
Read More...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...