News

Crude Oil

Texas’ Strong Oil, Gas Recovery Interrupted At Year-End 2018

The Texas Petro Index declined in November and December 2018 on the heels of 23 straight months of growth, in response to dramatic declines in crude oil prices in the last two months of the year.

Hart Energy Staff

Construction

Exec: Enterprise Offshore Terminal Plan Slowed By Gov’t. Shutdown

Company is unable to file its permit application for facility offshore Houston until the government reopens.Company is unable to file its permit application for facility offshore Houston until the government reopens.

Reuters

Crude Oil

U.S. Oil Firms Tell OPEC Their Growth Will Slow

U.S. oil producers sought on Jan. 23 to soothe OPEC's worries about losing market share, telling the group that investors in the U.S. firms wanted a reduction in growth and higher payouts.

Reuters

Acquisitions & Divestitures

University Lands Selects H20 Midstream, Layne JV For Delaware Basin Water Services

The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.

Debt & Equity

New Fortress Energy To Likely Attempt IPO Shutdown Workaround

New Fortress Energy is likely to file for an IPO again on Jan. 24, changing its language and picking a target price for shares, the Wall Street Journal reported citing people familiar with the matter.

Reuters

Crude Oil

US Recognizes Opposition Leader As Venezuela President, Weighs Oil Sanctions

The Trump administration ratcheted up pressure on Venezuela's President Nicolas Maduro on Jan. 23, announcing U.S. recognition of the country's opposition leader as interim president and signaling potential new sanctions against its vital oil sector.

Reuters

Construction

Regulators Reject France-Spain Gas Interconnection Project

Gas pipeline would have crossed the Pyrenees.

Reuters

Natural Gas

Enbridge’s TETCO Ohio Pipe Blast Causes Gas Flows To Decline

Two injured, three homes damaged in explosion.

Crude Oil

Russia Says Oil Price War With US Would Be Too Costly

Russia should not unleash an oil price war against the United States but rather stick with output cuts even at the cost of losing market share in the medium term, one of the main Russian architects of a production pact with OPEC said.

Reuters

Technology

Exxon Mobil, REG Partner With Clariant To Advance Cellulosic Biofuel Research

Exxon Mobil Corp. (NYSE: XOM) and Renewable Energy Group (REG) said Jan. 23 that they have signed a joint research agreement with Clariant to evaluate the potential use of cellulosic sugars from sources such as agricultural waste and residues to produce biofuel, which has the potential to play a role in reducing greenhouse gas emissions.

BusinessWire

LNG

Newcomers Pile Into Race For Qatar LNG

Qatar is preparing to issue a tender for energy firms seeking a stake in its gas expansion project, drawing interest from long-standing partners as well as newcomers.

Reuters

Acquisitions & Divestitures

Saudi Aramco Eyes Multibillion-Dollar US Gas Acquisitions

Saudi Aramco CEO Amin Nasser says his company is looking to acquire natural gas assets in the U.S. and is willing to spend "billions of dollars" there as it aims to become a global gas player.

Reuters

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