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Hart Energy
What's Affecting Oil Prices This Week? (April 29, 2024)
Stratas Advisors says even with the reported drawdown in U.S. crude inventories, the price of Brent crude oil remains below the upward channel that had been in place since January of this year.
What's Affecting Oil Prices This Week? (April 1, 2024)
Stratas Advisors forecasts that OPEC+ will continue to manage supply in a proactive manner while non-OPEC supply growth is expected to be more modest during 2024 and 2025 than seen in 2023.
CERAWeek: LNG to Play Critical Role in Shell's Future, CEO Says
Sawan said LNG will continue to play a critical role adding that LNG currently makes up around 13% of gas sales but was expected to grow to around 20% in the coming 15 to 20 years.
Babcock & Wilcox to Convert Coal Plant to NatGas
B&W will convert the plant’s two coal-fired boilers to natural gas by designing and installing burners, air systems, fans and other equipment.
The Latest
US to Close Northeast Gasoline Reserve with 1 MMbbl Sale
The Biden administration will sell nearly 1 MMbbl of gasoline in the U.S. managed stockpile in northeastern states as required by law, the Department of Energy said on May 21, effectively closing the reserve.
WildFire Energy I Buys Apache’s Eagle Ford, Austin Chalk Assets
Private producer WildFire Energy I, backed by Warburg Pincus and Kayne Anderson, scooped up Apache’s portfolio in the eastern Eagle Ford and Austin Chalk plays.
Firm Building QatarEnergy-Exxon LNG Plant in Texas Files for Bankruptcy
Exxon, which owns a 30% stake in the project, plans "to continue to fully support Golden Pass LNG through completion," a spokesperson for the company said.
ADNOC Buys 11.7% Stake in NextDecade’s Rio Grande LNG Project
The United Arab Emirates’ ADNOC will acquire a 11.7% equity stake in Phase 1 of NextDecade Corp.’s Rio Grande LNG (RGLNG) project from Global Infrastructure Partners (GIP), while also entering an offtake agreement for 1.9 mtpa from the Texas export facility.
What's Affecting Oil Prices This Week? (May 20, 2024)
U.S. economic activity, geopolitical uncertainty in the Middle East and the U.S.' recent hike in Chinese EV import duties all have a hand in the sway of oil prices this week.
Bakshani: Midstream Exhibiting M&A Fever Symptoms
East Daley Analytics identified several market factors in the midstream sector that point to further consolidation ahead.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.
Adkins: Attacks on Fossil Fuels, Overregulation Poised to Backfire
Raymond James’ J. Marshall Adkins tells Hart Energy’s SUPER DUG conference attendees demonizing oil and gas, strenuous regulations and continued inflation are bound to have unexpected consequences for E&P opponents.
US NatGas Flows to Freeport LNG in Texas Seen at Five-month High, LSEG Data Shows
The startup and shutdown of Freeport and other U.S. LNG export plants often has a major impact on global gas prices.
BPX Looks to Ramp US Production Over 60% by 2030
BPX Energy is looking to boost its U.S. production over 60% by 2030 as it considers bringing online a fourth processing facility in the Permian by mid-year 2025, Clark Edwards, the company’s vice president of development, said during SUPER DUG in Fort Worth.