North America
Pipelines , Natural Gas liquids (NGL) , Natural Gas , Crude Oil
Canada’s Pembina Pipeline in No Rush to Invest in TMX
The Trans Mountain Pipeline’s toll structure has too much "uncertainty," said Pembina CFO Cameron Goldade on an earnings call.
Unconventional , Rig Counts , Reservoir Evaluation , Highlights , Field Development , Discoveries , Artificial Intelligence , Drilling , Subsea , Seismic
E&P Highlights: May 13, 2024
Here’s a roundup of the latest E&P headlines, with a couple fields coming online, as well as new contract awards.
Liquefied Natural Gas (LNG) , Earnings
NextDecade Raises ‘Going Concern’ Doubts Amid Rio Grande LNG FID
NextDecade, which is developing the Rio Grande LNG project in Brownsville, Texas, highlighted “going concerns” amid plans to take a final investment decision on Phase 2 of the project by year-end 2024.
Natural Gas , Conventional , Field Development
APA Corp. Latest E&P to Bow to Weak NatGas Prices, Curtail Volumes
APA Corp. plans to curtail gas and NGL production in the U.S. owing to weak Waha prices but remains confident it can deliver in the Permian Basin, CEO John Christmann said during a quarterly webcast with analysts.
Field Development , Drilling , Subsea
E&P Highlights: May 6, 2024
Here’s a roundup of the latest E&P headlines, including technology milestones and new contract awards.
Business , Acquisitions & Divestitures , Energy Transition
Utility, Clean Energy Company Allete to Go Private in $6.2B Deal
The Minnesota-based utility said on May 6 it agreed to be acquired by a partnership led by Canada Pension Plan Investment Board and Global Infrastructure Partners.
Conventional , Field Development , Earnings
Pemex Reports Lower 2Q Production, Net Income
Mexico’s Pemex reported both lower oil and gas production and a 91% drop in net income in first-quarter 2024, but the company also reduced its total debt to $101.5 billion, executives said during an earnings webcast with analysts.
Mergers
Sunoco Completes $7.3B NuStar Energy Merger
The completion of its acquisition of NuStar Energy allows Sunoco to realize at least $150 million of expense and commercial synergies and at least $50 million per year of additional cash flow from refinancing activity.
Restructurings
Supply Disruptions Ahead as Canadian Rail Workers Vote for Strike
The union, representing more than 9,000 employees at Canadian National Railway and Canadian Pacific Kansas City, announced that 95% of its members approved of a strike, which could happen as early as May 22.
Crude Oil , International , Conventional
Repsol Plans to Double Oil Production in Venezuela
Spain’s Repsol plans to double its oil production in Venezuela and continue with its diluent swap agreements with the OPEC country as approved by the U.S. government.