Hart Energy's Top Articles of the Week – August 15 - 19
Hart Energy
All Energy. All The Time. Media, Research, and Data for the Global Energy Industry.
The energy industry moves quickly, and it's not always possible to read every story as it happens.
To help, Hart Energy collects its five favorite articles each week so you can see what everyone else is talking about. Check them out below and let us know what you think in the comments!
Phillips 66 Co. offered to acquire the remaining stake in DCP Midstream LP in a cash buyout on Aug. 17 that values the #pipelineoperator at $7.2 billion. The transaction, which Enbridge called a “joint venture merger,” will result in a single JV holding both Enbridge’s and Phillips 66’s indirect ownership interests in the Gray Oak pipeline and DCP Midstream.
Vital Energy agreed on Aug. 17 to divest certain nonoperated properties from its #PermianBasin position in Howard County, Texas, to NOG - Northern Oil & Gas, Inc. (NYSE: NOG) for $110 million in cash.
The sale does not reduce Laredo’s eight-year inventory of operated, high-quality drilling locations.
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Oil and gas companies will bear the brunt of new fees and levies, including a taxing scheme included in the #InflationReductionAct of 2022 that is expected to be signed by President Joe Biden, according to analysis by Moody’s Investors Service.
Producers will see new taxes and fees and their effective cash tax rates rise to 15% compared to other sectors, such as a 5% increase for tech.
Stellar financial results from Argentina’s #crudeoil and natural gas shale producer YPF SA SA continue to be overshadowed by economic uncertainties and rising political tensions in the build-up to presidential elections next year, according to 瑞信 analysts.
YPF reported adjusted EBITDA of $1.5 billion and net income of $798 million in the second quarter on slightly lower combined production but higher commodity prices.?
Energy transition company Castalune International LLC and Quantum Capital Group platform 547 Energy LLC will partner to provide a comprehensive analytics suite to aid in the decarbonization of the global energy sector, according to a press release on Aug. 16.
The partnership will work to expand Castalune's NetZero Optimizer proprietary analytics program at an accelerated pace, as well as the number of services available to customers through?547 Energy's investing and execution capabilities.