Why South America Is Big Oil’s New Favorite Continent

Why South America Is Big Oil’s New Favorite Continent

South America continues to feature prominently among petroleum industry headlines. Offshore Brazil and Guyana have become the focal point of what is shaping up to be the continent’s two biggest oil booms, while Venezuela’s once mammoth oil industry has nearly collapsed. Ongoing wrangling within OPEC plus over production cuts, with the United Arab Emirates disagreeing […]

The Dawn Of A New Era In Deepwater Drilling

The Dawn Of A New Era In Deepwater Drilling

A new era in deepwater drilling is about to begin. With the sanctioning of the Anchor project super-major operator, Chevron, NYSE: CVX) signaled that it was ready to risk billions tapping the ultra-high pressure, Lower Wilcox Tertiary play, some 35,000 feet below the mudline. At least two other projects are in advanced FID status with […]

Callon Petroleum to buy Delaware Basin assets from Primexx for $788 mln

Callon Petroleum to buy Delaware Basin assets from Primexx for $788 mln

Oil and gas exploration company Callon Petroleum Co (CPE.N) said on Wednesday it would buy assets in the Delaware Basin from Primexx Energy Partners for $788 million, as it looks to expand its presence in the westernmost shale field within the Permian. The Permian basin of Texas and New Mexico is at the heart of the shale […]

U.S., Germany to announce deal on Nord Stream 2 pipeline in coming days -sources

U.S., Germany to announce deal on Nord Stream 2 pipeline in coming days -sources

The United States and Germany are expected to announce in coming days a deal resolving their long-standing dispute over Russia’s $11 billion Nord Stream 2 natural gas pipeline, sources familiar with the matter said on Monday. President Joe Biden and German Chancellor Angela Merkel failed to settle their differences over the undersea pipeline when they […]

Natural Gas Prices Still Have Room To Run

Natural Gas Prices Still Have Room To Run

U.S. natural gas prices have more than doubled since last year’s pandemic-induced slump. Prices surged in the second quarter of 2021 by 40 percent, registering the largest quarterly rise since the second quarter of 2016. The U.S. benchmark natural gas price at the Henry Hub has traded above $3.60 per million British thermal units (MMBtu) […]

Enable Midstream Announces FERC Approval of the Gulf Run Pipeline Project

Enable Midstream Announces FERC Approval of the Gulf Run Pipeline Project

Enable Midstream Partners, LP (NYSE: ENBL) announced today that the Federal Energy Regulatory Commission (“FERC”) has granted approval to construct and operate the Gulf Run Pipeline project under section 7(c) of the Natural Gas Act. The project is designed to transport natural gas from some of the most prolific natural gas producing regions in the […]