US Senate Committee Probes Oil Producers on Price Collusion with OPEC
The producers the committee is probing include Exxon Mobil, Chevron, ConocoPhillips and 14 others. This post appeared first on Hart Energy.
Read More...Trafigura, Gunvor Demand Sparks Jump in Brent Oil Benchmark
Trafigura has bought seven cargoes since June 21 and Gunvor bought Forties and WTI cargoes on June 24. This post appeared first on Hart Energy.
Read More...Texas NatGas Prices Negative Even With Power Use Near June Record in Heat Wave
Spot natural gas prices at the Waha hub in West Texas turned negative for a second time this week. This post appeared first on Hart Energy.
Read More...Beetaloo Juice: US Shale Explores Down Under
Tamboran Resources has put together the largest shale-gas leasehold in Australia’s Beetaloo Basin, with plans for a 1.5+ Bcf/d play. Behind its move now to manufacturing mode are American geologists and E&P-builders, a longtime Australian wildcatter, a U.S. shale-rig operator and a U.S. shale pressure-pumper. This post appeared first on Hart Energy.
Read More...Walking the Talk: Exxon Mobil Makes CCUS Strides
Exxon Mobil is developing a low-carbon intensity hydrogen plant using natural gas as feedstock and carbon capture in Baytown, Texas. This post appeared first on Hart Energy.
Read More...US Energy Production Hits All-time High, Far Outpacing Consumption -EIA
The Permian Basin’s natural gas growth leads to record surge in U.S. energy supplies. This post appeared first on Hart Energy.
Read More...Pembina Pipeline to Offer $690MM in Public Debt
Pembina Pipeline Corp. is offering senior unsecured debt to extend maturity dates for near-term debt that matures between 2026 and 2029. This post appeared first on Hart Energy.
Read More...TotalEnergies Sells Gas Field Interests West of Shetland Islands
Prax Group will take over TotalEnergies’ oil and gas assets in the maturing play north of Scotland. This post appeared first on Hart Energy.
Read More...SENIOR WHITE HOUSE CLIMATE ADVISOR DEFENDS OIL AND GAS INDUSTRY
Senior Climate Adviser to the White House, John Podesta, praised the oil and gas industry and defended its continued development in recent comments to the Guardian: “The US is now the number one producer of oil and gas in the world, the number one exporter of natural gas, and that’s a good thing, because following
Read More...‘Too Many’ Players: Oilfield Services Feel Permian M&A Crunch—Dallas Fed
After a historic run of E&P consolidation, oilfield services and equipment providers in the Permian are competing to woo a dwindling number of upstream customers, according to the second-quarter Dallas Fed Energy Survey. This post appeared first on Hart Energy.
Read More...Aussie Shale’s Tamboran Resources Prices IPO in Range but for Fewer Shares
Among those buying the Australian shale-gas developer’s pre-trade shares were U.S. wildcatter Bryan Sheffield and completions pressure-pumper Liberty Energy. This post appeared first on Hart Energy.
Read More...Sempra, Aramco Sign HOA for Port Arthur LNG Phase 2 Offtake
Sempra and Aramco executed a non-binding Heads of Agreement for LNG offtake from Port Arthur LNG Phase 2, while contemplating the Saudi Arabian energy giant to grab a 25% project-level equity in Phase 2. This post appeared first on Hart Energy.
Read More...USD Partners to Sell Rail Asset as Part of Forbearance Agreement
Midstream company USD Partners is selling a Canadian train terminal asset as part of a forbearance agreement to avoid foreclosure or default with its lenders. This post appeared first on Hart Energy.
Read More...Phillips 66’s Rodeo Facility Reaches Full Production Capacity Following Renewable Fuel Conversion
Houston-based Phillips 66 completed the full conversion of its Rodeo Renewable Energy Complex and reached its full capacity of 50,000 bbl/d. The facility will support the growing demand for renewable fuels. This post appeared first on Hart Energy.
Read More...Antis Try to Smear MVP with Misleading “Second Water Rupture” Story
We previously reported that a section of the 303-mile Mountain Valley Pipeline (MVP) in Roanoke County, Virginia, ruptured during a water test in early May (see Section of MVP Ruptures Near Roanoke Under Water Pressure Test). Pressure testing is done using water before a new natgas pipeline is brought online. Water is pumped through the…
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