- Joe Barone, Shale Directories
- Blog
- April 19, 2019
Venezuela bypasses U.S. sanctions by selling crude via Russia
Venezuelan President Nicolas Maduro is moving cash from Venezuelan oil sales through Russian state energy giant Rosneft, as he looks to evade U.S.- Joe Barone, Shale Directories
- Blog
- April 18, 2019
Oryx Delaware launches open season for transportation system
Oryx Midstream Services II said Thursday its Oryx Delaware Oil Transport unit has launched a binding open season to support its regional crude oil transportation system serving the Delaware Basin in Texas/New Mexico, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 18, 2019
Oil prices drop on China growth, lower U.S. crude stockpiles
Crufe oil prices dropped Wednesday after Brent crude hit a 2019 high above $72 a barrel, supported by steady economic growth in China and data showing U.S.- Joe Barone, Shale Directories
- Blog
- April 17, 2019
Golar secures $700M for LNG project
Bermuda-based company Golar announced Tuesday its subsidiary, Gimi MS, received $700 million in financing for a floating liquified natural gas (Flng) project, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
U.S., Brent crudes slip, as Russia talks output hikes
Crude oil prices fell Monday after Russia’s finance minister said Russia and Opec+ may boost production to fight the U.S. for market share, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
Tellurian looking to partner with Middle East investors
U.S. liquefied natural gas exporter Tellurian is looking for Middle East investors for its planned $30 billion Driftwood LNG project, and looks to finalize its investment decision by July 1, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- April 15, 2019
Medallion Delaware, Medallion line announce open season
Medallion Delaware Express and Medallion Pipeline said Friday they are conducting a binding open season to support an expansion of the Delaware Express and Medallion pipeline systems for an expanded joint tariff service.- Joe Barone, Shale Directories
- Blog
- April 15, 2019
WTI, Brent rise on tightening supply perception
Crude oil prices rose last Friday as involuntary supply cuts from Venezuela and Iran, plus conflict across Libya supported the possibility of a tightening crude market, while positive Chinese economic data eased concerns about falling crude demand.- Joe Barone, Shale Directories
- Blog
- April 12, 2019
Brightmark closes $260M financing for plastics-to-fuel plant
Waste and energy development company Brightmark Energy Thursday announced the closing of a $260 million financing package for construction of the nation’s first commercial-scale plastics-to-fuel plant, to be built in Ashley, Indiana.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Crude prices fall as Russia suggests it will raise output
Crude oil prices fell Tuesday from five-month highs as Russian comments signaled the possible easing of the Opec+ supply-cutting deal overcame concern violence in Libya could tighten global markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Aramco breaks demand record, bond tops $100B
Orders for Saudi Aramco’s debut international bonds topped $100 billion, a strong vote of market confidence for the world’s largest oil company, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Crude hits 5-month high, as fighting threatens Libyan output
Crude oil prices rose to a five-month high Monday, on expectations for tighter global supply due to fighting in Libya, Opec+-led cuts and U.S.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Callon divests non-core assets in $260M deal
Houston-based independent producer Callon Petroleum said Monday it’s entered into a deal to sell certain non-core assets in the Midland Basin to an unnamed buyer for $260 million in cash.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Pressure pumping HP demand set to rise in 2019
Pressure pumper horsepower will increase in Q2, rebounding from a sluggish end to 2018, according to the new U.S. Horsepower Outlook report, offered by Westwood’s Global Energy Group.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
Engie, Caisse to buy Petrobras pipe unit for $8.6B
Petroleo Brasileiro SA (Petrobras) agreed to sell its 90% stake in a Brazilian natural gas pipeline company to France’s Engie SA and Canadian pension fund Caisse de Depot et Placement du Quebec for $8.6 billion.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
U.S. adds companies, ships to Venezuela sanctions list
The U.S. Friday added two companies which ship crude oil from Venezuela to Cuba, along with 34 ships, to a financial sanctions list aimed at increasing pressure on Venezuelan President Nicolas Maduro to step down and turn over power to his opposition.- Joe Barone, Shale Directories
- Blog
- April 8, 2019
Venezuela oil output is said to have dropped by 50%
Power failures that kept Venezuela in darkness for much of March also briefly slashed the country’s crude production by 50%, people familiar with the situation told Bloomberg.- Joe Barone, Shale Directories
- Blog
- April 5, 2019
Brent crude tops $70 for first time since November
Brent crude oil prices Thursday pushed through $70 per barrel for the first time in nearly five months, as expectations of tight global supply outweighed pressure from rising U.S.- Joe Barone, Shale Directories
- Blog
- April 5, 2019
Citing differences, Shell walks away from U.S. refining lobby
Royal Dutch Shell Plc this week said it was leaving a U.S. refining lobbying organization in 2020 because the oil supermajor disagrees with the firm’s climate policy, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- April 4, 2019
Federal judge places new probation terms on PG&E
A federal judge in San Francisco is barring utility giant Pacific Gas and Electric from re-issuing dividends in favor of using the funds for reducing the risk of wildfires in the company’s service area.- Joe Barone, Shale Directories
- Blog
- April 4, 2019
PG&E names new CEO, 10 new directors to be appointed
Embattled PG&E Corp. and its utility Pacific Gas and Electric, on Wednesday announced the appointment of William “Bill” Johnson as president and CEO, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 4, 2019
LNG will be big part of China-U.S. trade once tensions resolved: CNOOC
Liquefied natural gas is expected to become a big part of China-U.S. trade once the dispute is resolved between the two countries, a senior executive from China National Offshore Oil Corp.- Joe Barone, Shale Directories
- Blog
- April 3, 2019
Energy Transfer eyes opportunities in China, opens Beijing office
Energy midstreamer/transporter/storage giant Energy Transfer LP is opening an office in Beijing, looking to capitalize on China’s demand for ethane and other natural gas liquids.- Joe Barone, Shale Directories
- Blog
- April 3, 2019
Shell enters into 20-year deal with Rio Grande LNG
The liquefied natural gas arm of oil supermajor Royal Dutch Shell has become the first customer of NextDecade’s proposed $15 billion Rio Grande LNG export terminal at the Port of Brownsville, Texas.- Joe Barone, Shale Directories
- Blog
- April 3, 2019
Xom weighs sale of Nigerian O&G fields for up to $3B
ExxonMobil has held talks on the sale of a number of oil and gas fields in Nigeria, as the company focuses on developments in the U.S.’s Permian Basin and Guyana, industry and banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- April 1, 2019
Citgo secures $1.2B in long-term financing
U.S. refiner Citgo Petroleum said last week it received $1.2 billion in financing via a five-year Term Loan B, with participation from roughly 35 financial institutions.- Joe Barone, Shale Directories
- Blog
- April 1, 2019
Bankruptcy judge approves Dip loan for PG&E
Bankrupt California power provider PG&E Corp. won court approval last week for a $5.5 billion loan to help maintain electricity and natural gas delivery and for investments to reduce the risk of wildfires as it reorganizes.Working-rig count drops for 6th straight week
The number of working rigs onshore in the Lower 48 U.S. states last week fell for the sixth consecutive week, and now is only seven rigs ahead of last year’s total.- Joe Barone, Shale Directories
- Blog
- March 29, 2019
WTI, Brent crudes shrug off Trump’s Opec tweet
Oil prices settled roughly flat Thursday, recovering from the day’s worst losses that came shortly after President Trump called for Opec to boost crude production to lower prices.- Joe Barone, Shale Directories
- Blog
- March 29, 2019
TransAlta shareholder intends to offer dissident board candidates
Power giant TransAlta Corp. said this week it’s received notice investment firm Mangrove Partners intends to nominate five candidates for election to the company’s board.- Joe Barone, Shale Directories
- Blog
- March 29, 2019
Group takes oil refinery fight to North Dakota’s high court
An environmental group is taking its battle against an oil refinery being developed near Theodore Roosevelt National Park to the North Dakota Supreme Court.- Joe Barone, Shale Directories
- Blog
- March 28, 2019
Allete closes $270M sale of U.S. Water Services
Minnesota-based energy company Allete said Wednesday it’s closed the $270 million sale of U.S. Water Services to Kurita Water Industries Ltd., a Japan-based water-management company.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Activity stops at Venezuela’s main oil port after blackout
Venezuela’s main oil port of Jose, operated by state-run oil giant Pdvsa, was virtually shut down following a massive power blackout Monday, two oil industry workers and a union leader close to the facility told Reuters.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Crudes rise as supply cuts overcome economic worry
Crude oil rose sharply Tuesday as Opec+ supply cuts and expectations of lower U.S. inventories outweighed concern about weaker demand due to a potential worldwide economic slowdown.- Joe Barone, Shale Directories
- Blog
- March 26, 2019
Kinder Morgan backs out of offshore crude terminal
Houston pipeline operator Kinder Morgan has sold its stake in a proposed offshore crude oil export terminal in the Gulf of Mexico known as Texas COLT, the company confirmed Monday.- Joe Barone, Shale Directories
- Blog
- March 26, 2019
ET, Shell ink pact to move LNG project closer to Fid
Energy Transfer (ET) and Shell U.S. LNG on Monday signed a Project Framework Agreement (Pfa) that provides the basis to further develop a large-scale liquefied natural gas export facility in Lake Charles, Louisiana.- Joe Barone, Shale Directories
- Blog
- March 26, 2019
Back to the future: Scientists turn CO2 back into coal
Carbon capture and sequestration (storage) has been part of the discussion concerning how to deal with greenhouse gases primarily from burning coal, for decades.- Joe Barone, Shale Directories
- Blog
- March 25, 2019
Crude drops from 2019 highs, settles down more than 1%
West Texas Intermediate and Brent crude oils fell more than 1% Friday, slipping further from 2019 highs reached earlier last week.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Crude settles pennies lower, near 4-month high, as supplies tighten
Crude oil dropped slightly Thursday, but held near 2019 highs, supported by a sharp tightening of global stocks, Opec production cuts and U.S.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Rice brothers announce director nominees for EQT board
Toby Z. and Derek A. Rice have delivered on a months-ago promise to EQT Corp.’s board and management to run their own people to man the independent producer’s board.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Murphy Oil selling Malaysian portfolio for $2.13B in cash
Murphy Oil Corp. said Thursday a subsidiary has signed a deal to sell its two primary Malaysian subsidiaries to a PTT Exploration and Production Public Company Ltd.- Joe Barone, Shale Directories
- Blog
- March 21, 2019
WTI, Brent crudes settle higher
Crude oil prices rose Wednesday, with U.S. crude topping $60 a barrel for the first time in roughly four months, after government data showed American crude oil inventories plunged.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
Tallgrass Energy promotes Moler to president
Midstreamer Tallgrass Energy this week announced the promotion of chief operating officer Bill Moler to president, effective immediately. The Kansas-based company said David G.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
Crude oil prices mixed after hitting new 2019 highs
Crude oil prices were little changed Tuesday after hitting 2019 highs earlier in the day, maintaining strength on expectations Opec+ will continue its production cuts.- Joe Barone, Shale Directories
- Blog
- March 19, 2019
Crude rises, supported by Opec supply cuts
Crude oil prices rose Monday, supported by the possibility of a longer-than-expected Opec+ crude supply cut and indications of inventory declines at Cushing, Oklahoma.- Joe Barone, Shale Directories
- Blog
- March 18, 2019
ArcLight affiliate acquiring American Midstream
American Midstream Partners announced this morning an affiliate of private equity firm ArcLight Energy Partners is acquiring the midstreamer in an all-cash deal valued at $5.25 per share.- Joe Barone, Shale Directories
- Blog
- March 18, 2019
Dominion to keep Connecticut’s Millstone nuclear plant online
Dominion Energy said Friday it reached a 10-year deal with Connecticut utilities to keep the state’s only nuclear power plant in service.- Joe Barone, Shale Directories
- Blog
- March 18, 2019
Ex-transportation czar to oversee safety efforts of NiSource
The utility company blamed for last September’s natural gas explosions and fires in Massachusetts has tapped former U.S. Secretary of Transportation Ray LaHood to oversee its safety efforts.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
Crude futures reach four-month highs
Brent and West Texas Intermediate crude oil futures reached four-month highs Thursday, as production cutbacks by Opec+, along with U.S. sanctions on Iran and Venezuela, tightened global supplies.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
Citgo’s new chairwoman reassures O&G industry
Luisa Palacios, Citgo Petroleum’s recently appointed chairwoman, reassured the energy industry this week the Houston-based refiner remains reliable, despite the political and economic crisis that’s crippled its parent, Venezuela’s national oil company, PDVSA.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
U.S. installs 10,600 MW of solar in 2018
The U.S. installed 10,600 megawatts of solar photovoltaic (PV) capacity in 2018, according to a new report from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (Seia). The total solar installed is down 2% compared to 2017, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 14, 2019
Inter Pipeline plans $600M petchem plant
Calgary-based Inter Pipeline has plans to build a $600 million petrochemical project near Edmonton, Alberta, Kallanish Energy reports. The province of Alberta has agreed to provide $70 million in royalty credits under Premier Rachel Notley’s Made-in-Alberta energy diversification strategy.- Joe Barone, Shale Directories
- Blog
- March 14, 2019
GeoPark acquires its first Ecuadorean blocks
Oil and gas exploration company GeoPark announced Wednesday the acquisition of two blocks in Ecuador, Kallanish Energy reports. The purchase is the first investment in Ecuador for the company, headquartered in Chile, with operations in other South American countries.- Joe Barone, Shale Directories
- Blog
- March 14, 2019
Antero Resources receives $297M from Antero Midstream melding
Colorado-based Antero Resources said Wednesday it’s received $297 million in cash related to the melding of Antero Midstream Partners (AM) and its general partner entity, Antero Midstream GP (Amgp).- Joe Barone, Shale Directories
- Blog
- March 12, 2019
Antero Midstream, Amgp announce simplification approval
Antero Midstream Partners (AM) and the partnership’s general partner, Antero Midstream GP (Amgp), said Monday AM’s unitholders and Amgp’s shareholders voted to approve the previously announced “simplification” transaction between the companies.- Joe Barone, Shale Directories
- Blog
- March 12, 2019
OIl. natgas production soars in Ohio’s Utica
Crude oil production in Ohio’s Utica Shale play increased by 38.56% from the fourth quarter of 2017, to the final three months of 2018, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 12, 2019
BP awards Baker Hughes, McDermott for African natgas project
Oil and gas giant BP Monday awarded underwater equipment contracts to industrial service company Baker Hughes, a GE company (Bhge), and to engineering/procurement/construction/installation firm McDermott International, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- March 11, 2019
Crude falls Friday after anemic U.S. jobs report
Crude oil prices fell last Friday, but managed to recoup most of the losses after plunging on data that showed recent U.S.- Joe Barone, Shale Directories
- Blog
- March 11, 2019