- Joe Barone, Shale Directories
- Blog
- October 15, 2019
Oil replacement rate hits 20-year low
Oil and natural gas companies have discovered 7.7 billion barrels of oil-equivalent (Bboe) year-to-date, according to Rystad Energy’s latest global discoveries report, Kallanish Energy learns.Sand deposit could be ‘game-changer’ for ND oil industry
A deposit of fracking sand in north-central North Dakota could be a boon to the state’s oil industry, the Grand Forks Herald reports.- Joe Barone, Shale Directories
- Blog
- October 14, 2019
Cuomo orders National Grid to provide hookups
The Cuomo administration in New York State has ordered National Grid to provide natural gas hookups to over 1,100 previously denied Brooklyn-based customers, numerous media reported.- Joe Barone, Shale Directories
- Blog
- October 14, 2019
Oil prices jump after Iran says missiles strike its tanker
Crude oil prices rose Friday after Iranian state media said two rockets had struck an Iranian tanker traveling through the Red Sea. Brent crude futures were up 2.4%, to $60.51 a barrel, with West Texas Intgermediate futures settling 2.2% higher, at $54.70/Bbl, Kallanish Energy reports. The National Iranian Oil Co.- Joe Barone, Shale Directories
- Blog
- October 11, 2019
UPS adding 6,000 NGVs
Package delivery giant UPS will purchase more than 6,000 natural gas-powered vehicles (NGVs) beginning in 2020, through 2022, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 11, 2019
Chevron CEO touts Texas growth
Chevron’s chief executive on Wednesday touted the company’s Texas growth, from the Permian Basin to Houston refining and chemicals. Speaking at the Greater Houston Partnership’s annual “State of Energy” luncheon, Mike Wirth also urged the energy industry to take the lead on emissions reductions to help combat climate change, the Houston Chronicle reported.- Joe Barone, Shale Directories
- Blog
- October 10, 2019
Halliburton cutting 650 jobs in US
Oilfield services giant Halliburton said Wednesday it’s cutting another 650 U.S. jobs as oil and gas producers have slashed spending amid weak prices and investor demands for stronger financials, Reuters reported.- Joe Barone, Shale Directories
- Blog
- October 10, 2019
Oil mixed amid military action in Syria, rising inventories
Crude oil prices were mixed Wednesday as Turkey launched an offensive in Syria that could disrupt the region’s crude production, and on hopes of progress in the U.S.-China trade war, but a build in U.S.- Joe Barone, Shale Directories
- Blog
- October 10, 2019
Bloomberg’s plan ‘irresponsible,’ BP CEO
Retiring BP chief executive Bob Dudley believes former New York City Mayor Michael Bloomberg’s $500 million plan to halt construction of natural gas-fired power plants in the U.S.- Joe Barone, Shale Directories
- Blog
- October 8, 2019
Tallgrass announces open season for Pony Express expansion
Midstreamer Tallgrass Energy, through its affiliate Tallgrass Pony Express Pipeline LLC, Monday announced a binding open season soliciting shipper commitments for crude oil transportation on the Pony Express system from origin points in Wyoming to the McPherson refinery in McPherson, Kansas.- Joe Barone, Shale Directories
- Blog
- October 7, 2019
Bankrupt refinery requests paying exec bonuses in secret
Philadelphia Energy Solutions, which paid $4.6 million in bonuses to executives following a June fire that led to the refinery’s closure and bankruptcy, wants to pay out a new round of retention awards, the Philadelphia Inquirer reported.- Joe Barone, Shale Directories
- Blog
- October 7, 2019
Crude prices flat as US-China trade talks near
Crude oil prices ended Monday’s trading session little changed as U.S.-China trade talks are slated to resume later this week, Kallanish Energy reports.Working-rig count keeps falling
The number of rigs working onshore in the Lower 48 U.S. states last week maintained its downward stride, falling for the 14th straight week, and the 24th of the last 26 weeks, Kallanish Energy calculates.- Joe Barone, Shale Directories
- Blog
- October 3, 2019
US O&G M&A maintains momentum in Q3: Enverus
Despite what’s called a “difficult” market, merger and acquisition activity in the U.S. oil and gas industry maintained the momentum established in Q2, surpassing $17 billion in Q3, according to data released by data analytics company Enverus.- Joe Barone, Shale Directories
- Blog
- October 3, 2019
Oil slides as US inventories build
Crude oil prices fell Wednesday after Energy Information Administration data showed a third straight week of higher U.S. crude inventories, adding to worries about an oversupplied market as weak economic data in the U.S.- Joe Barone, Shale Directories
- Blog
- October 3, 2019
ConocoPhillips completes $2.7B sale of UK E&P units
ConocoPhillips this week completed its previously announced transaction to sell two ConocoPhillips UK subsidiaries to private equity-backed Chrysaor E&P Ltd. for $2.68 billion, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 2, 2019
Oil slips as weak US economic data hurts demand outlook
Crude oil prices slipped Tuesday, pressured as weak U.S. economic data hurt crude’s demand outlook, while reports of a third-quarter output decline from the world’s largest oil producers kept prices from falling further.- Joe Barone, Shale Directories
- Blog
- October 2, 2019
Sempra selling stake in Luz del Sur in Peru
Sempra Energy said this week it’s selling its equity interests in its Peruvian businesses, including its 83.6% stake in electric utility Luz del Sur S.A.A.- Joe Barone, Shale Directories
- Blog
- October 1, 2019
Xcel, Evraz, Lightsource moving on Colorado solar project
Plans to build one of Colorado’s largest solar facilities are a step closer to reality as Xcel Energy, Evraz North America and Lightsource BP said they’ve reached a long-term agreement to develop a $250 million, 240-megawatt solar facility in Pueblo.- Joe Barone, Shale Directories
- Blog
- October 1, 2019
Westy buying Rolls-Royce civil nuclear systems and services
Nuclear energy icon Westinghouse Electric Co. has signed a definitive agreement to acquire Rolls-Royce’s Civil Nuclear Systems and Services business in North America, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 30, 2019
Bloom, Samsung to build fuel cells-powered ships
Bloom Energy and Samsung Heavy Industries (SHI) last week announced a collaboration to design and develop ships powered by Bloom Energy’s solid oxide fuel cell technology, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 30, 2019
Fluor selling units, real estate, non-core investments
International engineering/construction giant Fluor Corp. is selling its construction equipment rental company (Ameco) and government business, along with surplus real estate and other non-core investments, the result of its corporate strategic review.- Joe Barone, Shale Directories
- Blog
- September 27, 2019
Oil edges lower as supply concerns weigh on price
Crude oil prices fell Thursday as new details connected to the impeachment inquiry into U.S. President Trump weakened demand sentiment, while moves to quickly restore Saudi output after attacks on its oil infrastructure promised more oil supply.- Joe Barone, Shale Directories
- Blog
- September 27, 2019
EPD to build PDH 2 plant supported by LyondellBasell pacts
Chemical giant LyondellBasell Industries and Enterprise Products Partners Thursday announced affiliates have executed long-term contracts that support construction of Enterprise’s second propane dehydrogenation plant (PDH 2).- Joe Barone, Shale Directories
- Blog
- September 27, 2019
IEnova signs solar capacity pacts with Liverpool, Circle K
Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova) has signed two 15-year contracts with subsidiaries of Comercializadora Círculo CCK, S.A.- Joe Barone, Shale Directories
- Blog
- September 26, 2019
UPS converting ground fleets to RNG
Package delivery giant UPS has purchased 170 million gallon-equivalents of renewable natural gas (RNG) to use between 2020 and 2026, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- September 26, 2019
PA county calls Mariner East pipeline a ‘nuisance’
The Chester County, Pennsylvania, prosecutor, increasing pressure on Sunoco’s Mariner East Pipeline, said this week his office plans to sue the $5.1 billion project as a public nuisance, the Philadelphia Inquirer reports.- Joe Barone, Shale Directories
- Blog
- September 25, 2019
Candor’s SCOOP-to-North-Texas gathering system online
Independent midstreamer Candor Midstream announced Tuesday its SCOOP-to-North-Texas rich gas gathering pipeline system now is online, Kallanish Energy reports. Candor purchased the system in January 2019, then made multiple upgrades to the pipeline system.- Joe Barone, Shale Directories
- Blog
- September 25, 2019
Oil plummets after Trump ratchets up US-China trade war
Crude oil prices fell 2% Tuesday as President Trump fanned market fears China-U.S. trade tensions are far from settled amid ongoing negotiations, a negative sign for oil demand growth.- Joe Barone, Shale Directories
- Blog
- September 24, 2019
Oil rises on Saudi supply concerns
Crude oil rose slightly Monday, after gaining nearly 7% last week, as lingering concerns over global supplies following the Sept. 14 attack on Saudi oil facilities offset prospects for a faster-than-expected restoration of the kingdom’s output and on signs of European economic weakness.- Joe Barone, Shale Directories
- Blog
- September 24, 2019
Texas wind power on track to outpace coal in 2020
Texas is about to go green — by 2020, more electricity will come from wind than coal, according to analytics/consulting firm Rystad Energy.- Joe Barone, Shale Directories
- Blog
- September 23, 2019
Tellurian signs $2.5B deal with India’s Petronet LNG
India’s Petronet LNG and U.S. liquefied natural gas export developer Tellurian signed an initial agreement under which the Indian company and its affiliates will negotiate to buy up to 5 million tonnes per annum (Mtpa) of LNG, the companies said Saturday.- Joe Barone, Shale Directories
- Blog
- September 23, 2019
Iran responsible for ‘attack against the world’: Saudi official
Iran’s recent warnings to Saudi Arabia are “ridiculous” and “laughable,” Saudi minister of State for Foreign Affairs Adel al-Jubeir told CNBC Friday, amid investigations by the kingdom tying Iran to a major attack on its oil facilities.- Joe Barone, Shale Directories
- Blog
- September 20, 2019
Enterprise to expand, extend Acadian system
Enterprise Products Partners Thursday announced plans to expand and extend its Acadian natural gas system to deliver gas from the Haynesville Shale to the liquefied natural gas market in South Louisiana, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 20, 2019
Crude oil prices rise slightly
Crude oil prices rose slightly Thursday, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S.- Joe Barone, Shale Directories
- Blog
- September 20, 2019
Duke Energy looks to renew nuclear plant licenses
Duke Energy said Thursday it will seek to renew the operating licenses of the 11 reactors it operates at six nuclear power plants in North and South Carolina for an additional 20 years, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 19, 2019
CEA, EDF, Westinghouse to explore SMR cooperation
CEA, EDF and Westinghouse Electric Co. have signed a framework agreement to explore potential cooperation on small modular reactor (SMR) development, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 19, 2019
Eco-Energy buys gathering/processing/terminal assets
Tennessee-based biofuel company Eco-Energy has acquired the Stone Mountain gathering pipeline system, Stone Mountain processing facility and the Stone Mountain rail terminal from Continuum Energy Services for an undisclosed price.- Joe Barone, Shale Directories
- Blog
- September 18, 2019
LM Energy completes 1st phase of Touchdown gathering system
LM Energy Holdings, the former Longhorn Midstream Holdings LLC, said Phase I of its Touchdown Crude Oil Gathering System in the northern Delaware Basin is complete, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 18, 2019
Venezuela can’t find vessels to ship its oil
Exports of Venezuelan crude oil, severely curtailed due to U.S. sanctions, now face a new concern: a shortage of vessels willing to transport crude produced by the regime of President Nicolas Maduro, Bloomberg reports.- Joe Barone, Shale Directories
- Blog
- September 18, 2019
Total, Envision form JV to pursue China’s solar energy market
Teess, a 50/50 joint venture formed by French supermajor Total and smart-energy technology firm Envision launched development of onsite distributed generation solar projects for business-to-business customers in China, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 17, 2019
US consumers will see ‘sticker shock’ at gas pump: analyst
U.S. gasoline prices will increase roughly 20 cents per gallon because of the recent attacks in Saudi Arabia, oil analyst Andy Lipow predicted Monday, on CNBC.US working-rig count keeps falling
The number of rigs working onshore in the Lower 48 U.S. states dropped last week for the 11th consecutive week, and the 21st week of the last 23, Kallanish Energy calculates.- Joe Barone, Shale Directories
- Blog
- September 13, 2019
Fire breaks out on oil tanker at Equinor’s terminal
Equinor said on Friday a fire broke out in the engine room of the Dubai Harmony oil tanker during loading at its operated Sture oil export terminal – one of the major oil terminals in Norway, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 13, 2019
Oil prices fall on US-China trade doubts, Opec+ talks
Crude oil prices fell Thursday after a media report cast doubt on the possibility of an interim U.S.-China trade deal and as a meeting of the Opec+ producer alliance yielded no decision on deepening crude supply cuts.- Joe Barone, Shale Directories
- Blog
- September 13, 2019
Osfs should prepare for recession, Rystad warns
The oilfield services (Ofs) sector will shrink in 2020, as oil and gas producers chop spending in response to lower crude prices, ending three years of growth, according to Rystad Energy.- Joe Barone, Shale Directories
- Blog
- September 12, 2019
US producible gas volume jumps in latest biennial survey
Energy industry experts who comprise the Potential Gas Committee announced Wednesday the volume of producible natural gas in the U.S. has jumped roughly 20% since their last assessment two years ago.- Joe Barone, Shale Directories
- Blog
- September 11, 2019
GE’s voting share in Bhge dropping below 50%
Baker Hughes, a GE company (Bhge) announced Tuesday General Electric and its GE Oil & Gas US Holdings I, GE Holdings (US), and GE Oil & Gas US Holdings IV units have begun a secondary offering of 105 million shares of Bhge Class A common stock.- Joe Barone, Shale Directories
- Blog
- September 11, 2019
EQT simplifying organization, cutting 23% of workforce
EQT Corp. said Tuesday it’s cutting its workforce by 23% — 196 positions – and chopping departments to 15 from 58 – all designed to improve operational effectiveness, and create a more efficient, nimbler organization.- Joe Barone, Shale Directories
- Blog
- September 10, 2019
Eia: Florida shifts to natural gas for electricity
Florida is rapidly turning to natural gas to produce its electricity, Kallanish Energy reports. Florida has added 16 gigawatts of utility-scale natural gas-fired electric generation between 2008 and 2018, about 24% of all U.S.- Joe Barone, Shale Directories
- Blog
- September 9, 2019
Fight continues over new Enbridge Mainline contracts
More than two dozen Canadian oil producers have filed comments with the Canada Energy Regulator on Enbridge’s plan to revise its shipping contracts on the Mainline pipeline system, Kallanish Energy has learned.- Joe Barone, Shale Directories
- Blog
- September 9, 2019
More crude oil being loaded at Corpus Christi: RBN Energy
U.S. crude oil loadings at Corpus Christi, Texas, have nearly doubled with the completion of new pipelines from the Permian Basin of West Texas and New Mexico, Kallanish Energy has learned.- Joe Barone, Shale Directories
- Blog
- September 6, 2019
Arctic LNG 2 project receives final go-ahead
Novatek and its partners on Thursday took the final investment decision on the $21.3 billion Arctic LNG 2 project, with first liquefied natural gas deliveries expected in 2023, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 6, 2019
Nigeria’s Oando announces onshore discovery
Nigerian energy firm Oando announced Wednesday a “significant” gas and condensate discovery onshore Niger Delta, Kallanish Energy reports. The Obiafu-41 Deep Well reached a depth of 14,350 feet encountering an accumulation of 426 feet of high-quality hydrocarbon-bearing sands.- Joe Barone, Shale Directories
- Blog
- September 6, 2019
Xom to sell Norway assets for $4B
U.S. giant ExxonMobil has agreed to the sale of its oil and gas assets in Norway for $4 billion, Reuters reported Thursday, citing three sources familiar with the matter.- Joe Barone, Shale Directories
- Blog
- September 5, 2019
Hurricane forces evacuation of Elba Island LNG
Kinder Morgan has run into a new delay at its liquefied natural gas export facility in Georgia: Hurricane Dorian. The LNG liquefaction/export facility being started up has been evacuated and it is unclear how long the closure might last, Ceo Stevn Kean said on Wednesday at the Barclays energy conference in New York City, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 4, 2019
Cheniere’s Train 2 at Corpus Christi substantially complete
Cheniere Energy has announced that Train 2 at Corpus Christi, Texas, has reached substantial completion, Kallanish Energy reports. That was reached last week at the liquefaction/export facility, the company said on Tuesday.- Joe Barone, Shale Directories
- Blog
- September 4, 2019
Four dead in India’s ONGC fire
Four people died in a fire that occurred Tuesday at a facility operated by Indian state-owned Oil and Natural Gas Corp.- Joe Barone, Shale Directories
- Blog
- September 3, 2019