Natural gas supplier Santos is evaluating structural options as it looks to unlock value for shareholders after its merger negotiations with fellow Australian LNG producer, Woodside Energy Group Limited, failed.
March 19, 2024, 6 AM MDT
Eni, Equinor and Repsol — three European majors with advanced climate strategies — are matching the low carbon investments of larger operators while spending less on oil and gas production growth and returning less cash to shareholders.
March 7, 2024, 5:35 AM MST
Renewable fuel projects are proving an attractive proposition for oil and gas operators seeking to diversify portfolios through equity stakes or outright purchases.
March 6, 2024, 12 AM MST
Looking beyond headlines related to profitability and shareholder returns, the latest round of quarterly results tells us that the supermajors will continue a strategy of growing near-term oil and gas production whilst maintaining flexibility in their levels of low carbon spending, as they look to assess the speed of the energy transition.
February 27, 2024, 6 AM MST
Global interest among E&P firms in carbon capture utilization and storage (CCUS) project deal making is starting to ramp up.
February 6, 2024, 6:44 AM MST
Europe and to a lesser extent the United States remain focal points for hydrogen project deal-making by E&P companies.
February 2, 2024, 8:41 AM MST
Canadian hopes to generate emission credits from exporting LNG to replace coal for power generation in international markets hit a roadblock at COP 28 at Dubai late last year as countries failed to reach an agreement on how such as system would work.
January 3, 2024, 10:37 AM MST
The decision text from COP 28 calls for an acceleration of abatement and removal technologies such as carbon capture and utilization and storage (CCUS).
December 15, 2023, 6 AM MST
The U.S. Environmental Protection Agency (EPA) has finalized its rules on methane emissions, designed to reduce such emissions from the oil and natural gas industry by nearly 80 per cent compared to a business-as-usual scenario by 2038.
December 15, 2023, 6 AM MST
Occidental Petroleum Corporation’s US$12 billion deal to acquire CrownRock LP this morning added to the rush of M&A activity in the Permian Basin in 2023 as operators looked to build future drilling inventory in the massive Texas and New Mexico resource play.
December 11, 2023, 12 AM MST
Independent U.S. natural gas producers aim to maintain or cut current capital expenditure levels in the fourth quarter as they look to keep production flat at a time of ongoing low prices, companies reported in their third quarter 2023 conference calls.
November 30, 2023, 10:41 AM MST
U.S. shale gas producer CNX is capturing waste methane emissions from a large coal mine in Virginia and using the emissions to generate carbon credits and electricity, resulting in a new cash flow stream for the company, Ravi Srivastava, president of CNX’s new technologies division, told analysts during the company’s third quarter 2023 conference call.
November 20, 2023, 6 AM MST
U.S. gas producers are cautiously optimistic prices will increase from recent lows this winter as production is moderated, LNG exports continue to hit record highs, and temperatures return to seasonal norms.
November 16, 2023, 12 AM MST
EQT, the largest gas producer in North America, is planning to produce hydrogen and aviation fuel from natural gas as part of the Appalachian Regional Clean Hydrogen Hub (ARCH 2), one of several projects recently funded by the U.S. government in its multibillion-dollar effort to build out a hydrogen industry.
November 3, 2023, 12 AM MDT
ConocoPhillips advanced its LNG strategy in the first half of 2023, completing the acquisition of an equity interest in Qatar’s North Field South project and agreeing to an offtake deal with the planned Saguaro LNG export facility in Mexico.
September 13, 2023, 12 AM MDT
Permian oil producer Pioneer Natural Resources Company’s efforts to find higher value markets for its associated gas production are paying off, chief financial officer Neal Shah said during the company’s second quarter results call.
August 18, 2023, 10:58 AM MDT
A rush of dealmaking in the Permian basin in the last year-and-a-half has resulted in private operators cashing in and while the acquirers consolidated assets, it makes further acquisitions a challenge, Diamondback Energy, Inc. chief executive officer Travis Stice said at the company’s second quarter 2023 conference call.
August 17, 2023, 10:53 AM MDT
A corporate culture focused on driving down costs while driving up well productivity is allowing Permian oil producer Diamondback Energy, Inc. to drill more wells faster while keeping a lid on capital expenditures, chief executive officer Travis Stice said at the company’s second quarter 2023 conference call.
August 17, 2023, 10:34 AM MDT
EQT Corporation, the biggest independent U.S. natural gas producer, is dipping its toes in the LNG export market.
August 14, 2023, 6 AM MDT
U.S. supermajor Chevron Corporation will only take equity stakes in LNG liquefaction terminals when necessary to get its gas to market, CEO Mike Wirth said on the firm’s second quarter results call.
August 14, 2023, 8:19 AM MDT
U.S. supermajor Chevron Corporation achieved record Permian Basin production of 772,000 boe/d in the second quarter of 2023, up 11 per cent compared to the same quarter of 2022 and up five per cent from its previous record quarterly production of 738,000 boe/d in the final quarter of 2022.
August 11, 2023, 11:01 AM MDT
U.S. natural gas giant EQT Corporation continues finding ways to drive drilling and completions productivity levels higher at its Marcellus and Utica shale development.
August 9, 2023, 3:32 PM MDT
The U.S.’s largest natural gas producer, EQT Corporation, says it is on track to achieve its goal of net-zero Scope 1 and Scope 2 greenhouse gas (GHG) emissions in its production segment by 2025.
July 25, 2023, 8:03 AM MDT
Chinese oil and petrochemicals product supplier Sinopec made progress towards its goal of creating a full value-chain for hydrogen during 2022, advancing production, refuelling stations, fuel cells and storage technologies, according to the company’s latest sustainability report.
July 13, 2023, 12 AM MDT
BP plc is one of the few oil majors to set an absolute Scope 3 emissions reduction target — meaning it has a goal to reduce the emissions from the combustion of the fossil fuels it produces, as well as the emissions it takes to produce them.
July 6, 2023, 12 AM MDT
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