Industry News

Oil and Gas Maintain Production Levels; LNG Pause and Regulatory Threats Loom

While 2024’s first quarter showed steady oil and gas activity, political and regulatory hurdles – most notably the administration’s recent pause on U.S. liquified natural gas (LNG) exports exports – have created widespread worry amongst exploration and production (E&P) firms.   The recent Dallas Fed Energy Survey, conducted between March 13 and March 21 and

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Chesapeake, Awaiting FTC’s OK, Plots Southwestern Integration

While the Federal Trade Commission reviews Chesapeake Energy’s $7.4 billion deal for Southwestern Energy, the two companies are already aligning organizational design, work practices and processes and data infrastructure while waiting for federal approvals, COO Josh Viets told Hart Energy. This post appeared first on Hart Energy.

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Bipartisan Opposition Kills Colorado’s Proposed Fracking Ban 

 The Colorado Senate Agriculture & Natural Resources Committee delivered a decisive blow to a proposed fracking ban, SB-159, after a marathon Thursday evening session that witnessed robust debate on the future of oil and gas in the state. The bill encountered even more bipartisan opposition than some anticipated, with both Committee Chair Sen. Dylan Roberts

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SLB to Acquire Majority Stake in Aker Carbon Capture

SLB and Aker Carbon Capture plan to combine their technology portfolios, expertise and operations platforms to bring carbon capture technologies to market faster and more economically, SLB said in a news release. This post appeared first on Hart Energy.

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