Jennifer Presley

'Major Milestone': BLM Identifies Preferred Option for ConocoPhillips’ Willow Project

ConocoPhillips’ beleaguered Willow Project on the Alaskan North Slope is now another step closer to the finish line as the US Bureau of Land Management-Alaska (BLM) released on 1 February its recommendation to move forward with a scaled-down version…

Permian Basin Earthquakes Rattling Up a Mess of Trouble in Texas

Few sounds in the American Southwest make the heart race like a rattlesnake’s warning. But lately it’s the rattle of glass windows and grandma’s dishes making hearts skip a beat across the Permian Basin as these tattletale signs indicate an…

Enverus: US Oil and Gas M&A Falls 13% in 2022 to $58 Billion

Mergers and acquisition (M&A) activity in the US oil and gas sector slowed significantly in 2022, falling 13% on a year-over-year basis and falling $3 billion from a third-quarter high. A new report from Enverus Intelligence Research said deal count…

‘Enormous Potential’: Satellite Monitoring of Iraqi Oil Fields Reveals Methane Emissions

A 9-month campaign using satellites to detect and measure methane emissions from six Iraqi oil fields successfully demonstrated the potential of using satellite technology, while also finding there are limitations to its use. The Oil and Gas Climate…

Data Journey: Digitalization Projects Deliver Returns for Operators

Data are the backbone of what Klaus Schwab—the founder and executive chairman of the World Economic Forum—proclaimed to be the Fourth Industrial Revolution. This 21st‑century revolution is one of connectivity, advanced analytics, automation, and…

Rio Grande LNG Scores Again With 20-Year Agreement With Portuguese Energy Giant

US liquefied natural gas player NextDecade has reached an agreement to supply LNG from its Rio Grande LNG export project to Portuguese energy giant Galp. Under the 20-year agreement, Galp will purchase 1.0 mtpa of LNG indexed to Henry Hub. The LNG…

Earthquakes Continue To Rattle the Permian Basin

A magnitude 5.3 earthquake—one of the strongest in Texas history—was felt widely across the Permian Basin of west Texas and south-eastern New Mexico on Friday, rattling homes and shaking windows. The quake hit in Martin County at 5:35 p.m. local time…

ExxonMobil, Chevron Boost 2023 Capital Spending

Both companies are set to increase their investment in the Permian Basin in the new year. Two of the largest US oil and gas companies, ExxonMobil and Chevron, announced this week their plans to increase spending in energy projects in 2023 as…

ProPetro Secures Deal for Its First Electric-Powered Frac Fleet

Oilfield services company ProPetro Holding Corp. secured a deal for use of its first electric-powered hydraulic fracturing fleet (e-fleet) by an undisclosed Permian Basin operator. The Midland-based company will provide committed services for a…

Sempra Inks Pair of LNG Deals With European Buyers for Port Arthur LNG

North American energy supplier Sempra Infrastructure secured two long-term sale and purchase agreements (SPA) with France’s Engie and the UK-based Ineos for liquefied natural gas (LNG) from Phase One of its Port Arthur LNG project under development…

'Red-Letter Day': ADNOC, Petronas Sign Unconventional Resources Deal

Malaysian energy giant Petronas and the Abu Dhabi National Oil Company (ADNOC) have signed the first concession in the Middle East for unconventional oil resources, the companies announced on 5 December. Under the 6-year concession agreement,…

Permian Basin Power Surge

A pair of innovative field development strategies are helping tame the wild, wild Permian Basin. Like its salty neighbor to the east, the Permian Basin of west Texas and southeastern New Mexico has been proclaimed dead on many occasions. Such…

Woodside’s Sangomar Project Sails Closer to Completion

Australian operator Woodside Energy has completed construction of the floating production, storage, and offloading (FPSO) facility for its Sangomar development offshore Senegal. The Leopold Sédar Senghor FPSO is now underway from China to Keppel…

Production Starts at BP's Cassia C Facility Offshore Trinidad and Tobago

BP Trinidad & Tobago (BPTT) confirmed the safe delivery of first gas from its Cassia C development. Cassia C is BPTT's first offshore compression platform and its largest offshore facility, according to the company. The platform enables BPTT to…

Slumber No More: Floating LNG Set To Awaken Deepwater Mexican Gas Giant

US-based New Fortress Energy (NFE) confirmed on 22 November it had finalized agreements with Mexican state-owned oil company Pemex to develop the Lakach gas field offshore Mexico as a floating liquefied natural gas project. Pemex suspended further…

FERC Makes Decisions on Pair of US Gulf Coast LNG Projects

A pair of US liquefied natural gas (LNG) developers of two Louisiana projects recently received good news with the US Federal Energy Regulatory Commission (FERC) announcing decisions on their Gulf of Mexico LNG projects on 17 November. In a 5-0 vote,…

Subsea 7 and OneSubsea Alliance Wins BP Contract

The Subsea Integration Alliance (SIA), a OneSubsea and Subsea 7 joint venture, was awarded a contract by BP Trinidad and Tobago to support the development of the Cypre gas project offshore Trinidad and Tobago. Subsea 7 will handle the concept and…

Retrofit Kit Makes Robotic Drilling a Reality for Existing Rigs

Land-based drilling rigs have evolved into a highly sophisticated assembly of steel and electronics. It was not that long ago that these once stationary giants obtained the ability to walk around the well pad, albeit slowly, from one well to the…

Technip Energies and Baker Hughes Partner on Modular LNG

Technip Energies and Baker Hughes have signed a deal that brings the two technology companies together to develop modular liquefied natural gas (LNG) systems for use onshore. This modular approach, where the construction is accomplished in a…

Diamondback Bolts-On 150+ Locations in $1.5-Billion Cash-Stock Deal

Consolidation in the Permian Basin continues to bubble with Diamondback Energy’s announcement on 16 November that it is set to add to its position with its purchase of Lario Permian in a cash-and-stock transaction. Terms include $850 million in cash…