Hess Dishes on First 4-Mile Bakken Wells in North Dakota
Hess Corp. landed its first 4-mile laterals in North Dakota’s Bakken Shale in February, part of a broader “shale evolution” underway in the Williston Basin, the company said.
US Urges Eastern Europe to Split From EU Energy Transition Aims
By Maciej Martewicz The US wants central and eastern European countries to join its path of “energy freedom” instead of following the wider region’s transition to a net zero economy, Energy Secretary Chris Wright said in Warsaw. The Energy Secretary told the Three Seas Business Forum — which numerous leaders from the region attended Monday …
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Why Cheap Oil Relieves Some, Worries Other Countries
By Julian Lee and Alex Longley When US President Donald Trump was inaugurated to his second term as president on Jan. 20, oil prices were close to the highs of the summer before. By early April, they had fallen to a four-year low, and ticked up only slightly later in the month. The lower crude …
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Phillips 66 Adding Permian Gas Plant, Sticking with NGL Growth Plan
Phillips 66 said it will add a gas processing plant in the Permian Basin while continuing to strengthen its NGL system.
E&P Highlights: April 28, 2025
Here’s a roundup of the latest E&P headlines, including field redevelopment in Iraq and an estimate of gas resources in Namibia.
US Natgas Prices Jump 5% to 1-Week High Ahead of Contract Expiration
(Reuters) – U.S. natural gas futures jumped about 5% to a one-week high on Monday in light trade ahead of the expiration of the front-month contract on forecasts for higher demand this week than previously expected. Earlier in the day, prices slid about 2% to a five-month low on rising output and forecasts for mild …
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Woodside in Talks to Sell Louisiana LNG Stake to Kuwait Petroleum Unit, Bloomberg News Reports
(Reuters) – Woodside Energy is in talks with an overseas unit of Kuwait Petroleum to sell a stake in its Louisiana liquefied natural gas plant in the U.S., Bloomberg News reported on Monday, citing people with knowledge of the matter. The overseas unit, Kuwait Foreign Petroleum Exploration, is also considering securing LNG supply from the …
Generating a Problem: Turbine Builders Unable to Keep Up with Power Demands
A lead of Mitsubishi’s U.S. industrial division says the current supply chain for generators can’t keep up with the booming demands of AI.
Barclays Cuts 2025 Brent Crude Forecast on Trade Tensions, OPEC+ Shifts
(Reuters) – Barclays lowered its Brent crude forecast on Monday by $4 to $70 a barrel for 2025 and set its 2026 estimate at $62/b, citing “a rocky road ahead for fundamentals” amid escalating trade tensions and OPEC+’s pivot in its production strategy. Despite oil market fundamentals evolving “significantly better than expected” in early 2025, …
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Golden Pass LNG Gets FERC Approval to Commission
Once completed, Golden Pass LNG, a joint project between QatarEnergy and Exxon Mobil, will have a capacity of over 2.57 Bcf/d.