- Joe Barone, Shale Directories
- Blog
- December 11, 2019
XOM beats New York’s climate-change accounting case
New York state’s Attorney General failed to prove ExxonMobil (XOM) mislead shareholders over the true cost of climate change, a judge ruled Tuesday, ending the supermajor’s four-year battle against the state, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 11, 2019
Oil rises, but US-China trade war impacts outlook
Crude oil prices slightly rose Tuesday as Opec+’s deal last week to raise output cuts in 2020 continued to provide a floor for prices.- Joe Barone, Shale Directories
- Blog
- December 10, 2019
Ecuador inks service pacts for 6 oilfields
Ecuador’s state-owned oil company, Petroamazonas, has signed service contracts worth $1.62 million for the development of six onshore oilfields in the Orellana, Napo and Sucumbios provinces, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 10, 2019
Entergy, NextEra begin building Arkansas solar project
A subsidiary of NextEra Energy Resources and Entergy Arkansas last week announced the start of construction of Arkansas’ largest utility-scale solar energy project, the 100-megawatt Chicot Solar Energy Center, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 10, 2019
O&G down, but certainly not out
It’s not hard to miss the signs: * The onshore Lower 48 U.S. states working-rig count has dropped more than 26% since the first week of 2019.- Joe Barone, Shale Directories
- Blog
- December 9, 2019
KM expects core earnings to increase in 2020
U.S. pipeline operator Kinder Morgan said it expects its core earnings to increase slightly in 2020, Kallanish Energy reports. The company said it intends to cut its debt and increase its dividend next year.- Joe Barone, Shale Directories
- Blog
- December 5, 2019
Oil up on eve of Opec meeting
Crude oil gained roughly 4% Wednesday, as a larger-than-expected drop in U.S. inventories and hopes of deeper production cuts from Opec+ lifted prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 4, 2019
ET, Shell release EPC tender for Lake Charles project
Energy Transfer LP (ET) said Tuesday a tender has been issued to engineering, procurement and construction (EPC) contractors to submit final commercial bids for the proposed Lake Charles LNG liquefaction project, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 4, 2019
Oil up and down prior to Opec meeting
Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 4, 2019
Amazon announces new solar projects in US, Spain
Amazon Tuesday released details of a trio of renewable energy projects in the U.S. and Spain, as the retail giant works to reach net zero carbon across its organization by 2040, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 3, 2019
Sabine O&G completes sale to Osaka Gas USA
Sabine Oil & Gas Holdings said Monday it’s closed the sale of its subsidiary, Sabine Oil & Gas Corp. to Osaka Gas USA Corp., parent company Osaka Gas’s first move into U.S.- Joe Barone, Shale Directories
- Blog
- December 3, 2019
McDermott, Chiyoda flow feed gas to Cameron’s Train 2
McDermott International and its joint-venture partner, Chiyoda International, Monday announced Train 2 of the Cameron liquefied natural gas export project, in Hackberry, Louisiana, has reached the final commissioning stage, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 2, 2019
Texas plant explosion: Fires continues into 5th day
A fire continued to burn late Saturday night at the Port Neches, Texas, chemical plant that exploded Wednesday night, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 2, 2019
Russian tanker heads to Spain with US LNG cargo
A Russian tanker was loaded last week with liquefied natural gas at Cheniere Energy’s Sabine Pass terminal in western Louisiana, and bound for the Spanish terminal of Huelva, Reuters reports, based on data from Refinitiv Eikon.- Joe Barone, Shale Directories
- Blog
- November 29, 2019
Fire rages at Texas chemical plant day after explosions
Officials in East Texas said Thursday they didn’t know when roughly 50,000 people evacuated from their homes following two explosions at a chemical plant would be able to return, as an onsite fire continued to burn.- Joe Barone, Shale Directories
- Blog
- November 29, 2019
Steel players in energy face challenging 2020
The new year will likely be challenging for steel players in the energy sector, market sources tell Kallanish, sister publication of Kallanish Energy.- Joe Barone, Shale Directories
- Blog
- November 29, 2019
Cowboys owner looks to score big in the Haynesville
Jerry Jones, owner/general manager of the National Football League’s Dallas Cowboys, has taken a fancy to Louisiana’s Haynesville Shale, calling it the best play for low-cost hydrocarbons and that he’s hunting for more acreage there.- Joe Barone, Shale Directories
- Blog
- November 28, 2019
NA, Asia to contribute 55% of new trunk line length
North America and Asia are projected to dominate global oil and gas new-build pipeline length additions, according to data and analytics company GlobalData.- Joe Barone, Shale Directories
- Blog
- November 27, 2019
Oil gains as optimism rises on US-China talks
Crude oil prices slightly rose Tuesday after news U.S. and Chinese officials had discussed trade, while predictions for a weekly draw on U.S.- Joe Barone, Shale Directories
- Blog
- November 26, 2019
Proposed LNG export facility inks deal with trader
International commodities trader Gunvor and Commonwealth LNG have signed a deal related to Commonwealth’s $4 billion liquefied natural gas export project in Cameron Parish, Louisiana, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 26, 2019
Oil rises as traders bet on trade deal, economic rebound
Crude oil rose Monday after posting three straight weeks of gains, nudged higher by positive comments from the U.S. and China rekindled hopes in global markets the world’s two largest economies could soon sign an interim deal to end their trade war.- Joe Barone, Shale Directories
- Blog
- November 25, 2019
Moler appointed Tallgrass Energy’s new CEO
Midstreamer Tallgrass Energy said Monday the board of its general partner has appointed William R. (Bill) Moler as CEO, effective immediately, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 25, 2019
Restaurant Association sues over natgas ban
It’s getting hot in the kitchen in the state of California. The California Restaurant Association (CRA) has filed suit against the City of Berkeley following the city’s ban on natural gas infrastructure and the use of natural gas in newly constructed buildings, beginning Jan.- Joe Barone, Shale Directories
- Blog
- November 25, 2019
Last New York coal plant set to close
The last operating coal-fired power plant in New York state could close by mid-February, Power magazine reported. Somerset Operating Co. on Nov.- Joe Barone, Shale Directories
- Blog
- November 22, 2019
Crude jumps on hopes of longer Opec cuts
Crude oil prices rose more than 2% Thursday, following a Reuters report Opec+ members are likely to extend output cuts until mid-2020, while new signs emerged China had invited U.S.- Joe Barone, Shale Directories
- Blog
- November 22, 2019
XOM raises assets sales with $25 billion plan: sources
ExxonMobil (XOM) is enlarging its biggest asset sale in decades, with plans to divest up to $25 billion of gas and oilfields in Europe, Asia and Africa, banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- November 22, 2019
Total’s Saft to build Nordic lithium-ion ESS
Saft, a wholly-owned Total subsidiary, has won an order for three Intensium Max 20 High Energy containers from Finnish wind developer-operator TuuliWatti, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 21, 2019
US’s first floating wind farm could be off Maine
The University of Maine is moving forward with plans for the first full-scale offshore floating turbine in the U.S., Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- November 21, 2019
Crude up on smaller-than-expected US inventory build
Crude oil prices moved into the black Wednesday, reversing two days of losses, following a smaller-than-expected build in U.S. inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 20, 2019
Oil falls sharply on oversupply fears, trade talk concerns
Crude oil fell more than 2.5% Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 19, 2019
Mexico’s latest gut punch to investors upends wind, solar aid
Mexico’s president is tearing down a system to encourage renewable-power development, dealing another gut punch to efforts to attract private investment to the nation’s energy sector, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- November 19, 2019
Jordan Cove terminal would have ‘significant’ impacts: report
The proposed Jordan Cove liquefied natural gas export facility and its 230-mile feeder pipeline in Southern Oregon would cause adverse and significant impacts if built, according to Federal Energy Regulatory Commission staff, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 18, 2019
Noble drops-down midstream assets for $1.6B
Independent producer Noble Energy said Friday after concluding its midstream review, it will retain and increase its ownership in Noble Midstream Partners (NBLX), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 18, 2019
Customers pay higher rates for PURPA pacts: study
Solar and wind contract rates signed under the Public Utility Regulatory Policies Act (PURPA) are costing end-use customers between $2.7 billion and $3.9 billion in overpayments over the life of said pacts, a new study projects, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 15, 2019
Equinor to transfer its gas storage portfolio to subsidiary
Equinor will transfer a gas storage portfolio of 30 terawatt-hours (TWh) to its energy trading subsidiary, Danske Commodities (DC), the firm said, in a statement Thursday.- Joe Barone, Shale Directories
- Blog
- November 15, 2019
Crude falls on larger-than-expected US inventory
Crude oil prices fell Thursday as U.S. crude futures were squeezed by a build in domestic inventories and record production, while forecasts from Opec for a lower-than-expected oil surplus supported Brent.- Joe Barone, Shale Directories
- Blog
- November 14, 2019
Porges to step down from Equitrans board
Equitrans Midstream said late Wednesday former EQT chief executive David L. Porges will step down from the natural gas midstreamer’s board, effective Dec.- Joe Barone, Shale Directories
- Blog
- November 14, 2019
Panel approves incentives for natgas export facility
Eagle LNG Partners LLC is seeking $23 million in city of Jacksonville, Florida, incentives for building a $542 million liquefied natural gas export facility in the city, the Florida Times-Union reports.- Joe Barone, Shale Directories
- Blog
- November 14, 2019
Carbo Ceramics issues ‘going concern’ warning
Chesapeake Energy wasn’t the only energy-related company last week to warn it may fail as a going concern, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- November 13, 2019
AES commits to build 2,200 MW power plant in Vietnam
Virginia-based global energy company AES Corp. has signed a memorandum of understanding with the Vietnamese government to build a $1.7 billion natural gas-fired power plant in Vietnam, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- November 13, 2019
Crude prices rise on no news on trade talks
Crude oil prices rose roughly 1% Tuesday following a speech from U.S. President Trump that offered few new details about Washington’s trade talks with Beijing, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 12, 2019
Outside activists threatening energy industry: CEA
Well-funded, out-of-state activists are threatening Oklahoma’s oil and gas resources and pipeline network, a consumer energy group warned in a recent report, CNHI News Service reported.- Joe Barone, Shale Directories
- Blog
- November 12, 2019
Oxy looking to sell Wyoming, Colorado assets: sources
Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado acquired when it purchased Anadarko Petroleum, hoping the assets will bring up to $700 million, people familiar with the matter told Reuters.- Joe Barone, Shale Directories
- Blog
- November 11, 2019
Aramco will offer less than 1% of shares to individuals
Saudi Aramco will sell up to 0.5% of its shares to individual investors in what could be the largest initial public offering in history, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 11, 2019
PJM projects sufficient power for winter needs
Power grid operator PJM Interconnection projects its members will be able to provide nearly 40% more electricity than the power grid operator expects to be needed this winter at peak demand, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 8, 2019
Oil jumps on hopes for US-China trade deal
Brent and West Texas Intermediate crudes rose Thursday after China hinted at progress towards a trade deal with the U.S., raising hopes for an end to a dispute that’s weighed on economic growth and fuel demand in both countries.- Joe Barone, Shale Directories
- Blog
- November 8, 2019
Equinor sells Eagle Ford assets in $325M deal
Equinor has agreed to sell to Repsol its 63% interest in, and operatorship of, its onshore business in the Eagle Ford Shale play in South Texas, for $325 million, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 7, 2019
Cause of Philly refinery fire causes concern over other facilities
Safety experts and activists are asking numerous questions concerning the fire which devastated the U.S. East Coast’s largest and oldest refinery, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- November 7, 2019
XOM, FuelCell expand carbonate fuel cell pact
ExxonMobil (XOM) and FuelCell Energy said Wednesday they’ve signed a new, two-year, expanded joint-development agreement to further enhance carbonate fuel cell technology, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 7, 2019
O&G majors may benefit from offshore wind synergies: Fitch
Oil and gas majors may benefit from investments in offshore wind energy, and the resulting synergies with their offshore hydrocarbon production, Fitch Ratings said.- Joe Barone, Shale Directories
- Blog
- November 6, 2019
ICD admits receiving NYSE non-compliance letter
Onshore drilling service provider Independence Contract Drilling (ICD) said Tuesday it received written notification from the New York Stock Exchange that as of Nov.- Joe Barone, Shale Directories
- Blog
- November 6, 2019
Oil gains on trade deal hopes, better demand outlook
Crude oil prices rose more than 1% Tuesday on hopes for a U.S.-China trade agreement and optimism Washington could roll back some of the tariffs it has imposed on Chinese imports, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- November 5, 2019
7 BBbls of oil found in new Abu Dhabi reserves
The UAE’s Supreme Petroleum Council Monday announced a new pricing mechanism for Abu Dhabi National Oil Co. (Adnoc) Murban crude oil, which will be listed on “an exchange,” the Gulf News Web Report reported.XOM says banning fracking will aid foreign producers
Banning hydraulic fracturing in the U.S. will aid foreign oil producers at the expense of the American economy, an ExxonMobil (XOM) executive said Friday.- Joe Barone, Shale Directories
- Blog
- November 4, 2019
Weatherford inks 2 pacts in Russia valued at $67M
Oilfield services firm Weatherford International Plc last week announced it’s signed two contracts totaling $67.4 million for drilling services with two unnamed operators in Russia, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 3, 2019
Pa emissions fell 92% as energy production rose almost 3,000%
Pennsylvania emissions fell as much as 92% since 1990, even as the state’s energy demand and production soared eleven fold from 2010 to 2018, and natural gas processing expanded more than eightfold during that time frame, a Consumer Energy Alliance (CEA) analysis found.- Joe Barone, Shale Directories
- Blog
- November 1, 2019
Ørsted, PSEG negotiating offshore wind farm investment
Danish wind farm developer Ørsted and energy company Public Service Enterprise Group (PSEG) announced they will enter into exclusive negotiations for PSEG to potentially become an equity investor in one of Ørsted’s offshore wind projects, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 1, 2019
XOM didn’t deceive investors on climate change: Tillerson
ExxonMobil’s leadership tried to understand how new climate regulations would impact the supermajor’s bottom line, former CEO and ex-Secretary of State Rex Tillerson told a court Wednesday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 31, 2019