Industry News

Pioneer to Buy DoublePoint in $6.4B Deal
Pioneer Natural Resources Co. is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the U.S.
Nobody Tips a Scandiscope
The simplest things can sometimes teach us the most. That’s why I want to tell you a story about chimneys. A chimney is simple enough: it’s a hollow column made of bricks, stone or cement that vents out gases from......
Halliburton Claims Permian Automation Breakthrough
Halliburton reported that it has given a major operator real-time automated control of fracture placement while pumping on a multi-well pad in the Permian Basin. They the “SmartFleet” intelligent fracturing....
U of A professor designs website to track oil and gas wells
Joel Gehman, a professor at the University of Alberta has created a project called WellWiki WellWiki is a website which tracks more than 4.3 million oil and gas wells throughout Canada and the United States. The website
Secure Energy shares soar on $478 million friendly Tervita takeover
Shares in Secure Energy Services Inc. were trading higher after it announced an all-stock deal to buy oilfield waste disposal rival Tervita Corp., the latest in a string of consolidation transactions in the oilpatch.....
Energy Transition Will Drive More Copper Mining
Look just beneath the surface of many of the technologies powering the energy transition and there’s a red metallic glint. Copper is a vital part of green infrastructure from grids to wind turbines, and a recent price...
Enbridge receives Line 5 tunnel environmental permit
Enbridge Energy has received approval from the Michigan Department of Environment, Great Lakes, and Energy (EGLE) for certain permits required to build a utility tunnel under the Straits of Mackinac to house a proposed
Oxy Delivers First Carbon Neutral Oil Shipment
Oxy Low Carbon Ventures (OLCV) has announced that it has delivered the world’s first shipment of carbon neutral oil. The delivery, which was arranged in conjunction with Macquarie Group’s Commodities and Global Markets
Easing Gently into a New Paradigm
As expected, the Biden administration is going all-in on decarbonization. Although his drilling ban on federal lands and cancellation of Canada’s KXL pipeline do little to impede American oil production or consumption...
What Does Efrac Need to Flourish?
Halliburton (NYSE: HAL) reported what it contends is the industry’s first successful electric grid-powered hydraulic fracturing operation. Rigzone’s article on the Efrac development generated considerable interest from
SpaceX Eyes Gas Wells Near South Texas Launchpad
Elon Musk recently moved to Texas, where he launches some of his rockets and is building a battery factory. Now, for good measure, he plans to drill for natural gas in the state. The billionaire’s SpaceX intends to drill
TechCorr to work with 25 Plants of Crestwood on Inspection and Data Collection for the Mechanical Integrity Program.
TechCorr has been awarded the inspection and data collection services to implement a mechanical integrity system on nearly 25 plants for Crestwood Midstream. The entire mechanical integrity program will be completed
This 'snake robot' can fix pipelines on the ocean floor
The deep-sea oil and gas industry has a vast and costly infrastructure to maintain. Wells, other equipment, and thousands of kilometers of pipeline must be installed, inspected and repaired. Now, cutting-edge underwater
Canada Gov Supports Hibernia Project
The Premier of Newfoundland and Labrador, Andrew Furey, has announced financial support for the Hibernia Project. Under the support package, Hibernia Management and Development Company Ltd. (HMDC) will receive up to $38M
Investigation complete into Wichita’s earthquakes; it’s not the oil and gas industry Read more here:
A Kansas regulating agency on Wednesday released the findings of its investigation into the recent Wichita earthquakes, concluding they were not “related to oil and gas industry activity.”
New Mexico land boss ends fresh water sales for oil and gas
The New Mexico State Land Office announced that it will be halting the practice of allowing fresh water to be pumped from state trust land and sold for use in oil and gas development. Land Commissioner Stephanie Garcia
Eni Enters Largest Offshore Wind Project
Eni announced that it has entered the world’s largest offshore wind project with the acquisition of a 20 percent stake in the UK Dogger Bank (A and B) 2.4 gigawatt (GW) development. The company, which bought the 20%...
Chevron Earmarks $2B for Permian in 2021
Chevron announced a $14 billion capital and exploratory budget for 2021 The company also revealed that it has lowered its longer-term annual capital guidance for 2022 through 2025 to a range of $14 billion to $16 billion
New Mexico oil and gas operators report millions of gallons of water use
Oil and gas producers in New Mexico were required by the Produced Water Act to report their water usage to the state to track produced water as it was generated and used in extraction operations. Operators began......
PUC gives construction OK to Enbridge for Minnesota pipeline
Minnesota utility regulators Tuesday authorized their final go-ahead for Enbridge to build its controversial $2.6 billion oil pipeline across northern Minnesota. That leaves the Canadian company on the brink of beginning