- Joe Barone, Shale Directories
- Blog
- August 23, 2019
Global growth fears, Fed comments weigh on crude
Crude oil prices slipped Thursday, as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S.- Joe Barone, Shale Directories
- Blog
- August 22, 2019
Vistra Energy closing 4 Illinois power plants
Independent power producer Vistra Energy and its subsidiaries Wednesday named the four coal-fired power plants to be retired to meet the requirements of the recently approved revisions to the Multi-Pollutant Standard (Mps) rule imposed by the Illinois Pollution Control Board (Ipcb).- Joe Barone, Shale Directories
- Blog
- August 22, 2019
Wood to sell nuclear business for $302M to cut debt
Wood Plc has agreed to sell its nuclear business for 250 million pounds ($302 million), as it cuts debt associated with the 2017 acquisition of Amec Foster Wheeler and a prolonged oil-price slump, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 22, 2019
Refiner Motiva moves into petrochemicals
Motiva Enterprises said this week it’s buying the Flint Hills Resources chemical plant adjacent to its Port Arthur, Texas, oil refinery, marking its entry into petrochemicals, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 21, 2019
Judge to decide if Fes can emerge from Chapter 11
A federal court hearing that could result in FirstEnergy Solutions emerging from bankruptcy is expected to wrap up late Wednesday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- August 21, 2019
Heelstone Energy garners Ares investment
Heelstone Energy, a utility-scale solar developer, has received an investment of an undisclosed size by Ares Management Corp.’s Infrastructure and Power (Aip) operation, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 20, 2019
Elevate inks gas gathering/treating pact with Sabine
Elevate Midstream Partners said Monday it’s entered into an eight-year natural gas gathering and treating agreement with Sabine Oil and Gas, a Haynesville Shale producer in East Texas’ Harrison and Panola counties, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 20, 2019
Natgas deliveries to US LNG export facilities set record
Natural gas deliveries to U.S. facilities producing liquefied natural gas (LNG) for export set a monthly record in July, averaging 6.0 billion cubic feet per day (Bcf/d) — 7% of the total U.S.- Joe Barone, Shale Directories
- Blog
- August 20, 2019
Shell cracker workers paid to listen to Trump speech: report
Union workers at Shell’s ethane cracker complex under construction in Beaver County, Pennsylvania, were required to attend President Trump’s speech at the facility a week ago, or stay home and not be paid, according to the Pittsburgh Post-Gazette newspaper.- Joe Barone, Shale Directories
- Blog
- August 19, 2019
EQM stops work on portion of Mountain Valley line
EQM Midstream Partners told the Federal Energy Regulatory Commission via letter last week the company would stop some work on the Mountain Valley natural gas pipeline in West Virginia and Virginia, as the U.S.- Joe Barone, Shale Directories
- Blog
- August 19, 2019
ExxonMobil charters Singapore’s 1st LNG-fueled bunker barge
ExxonMobil Asia Pacific has signed a two-year time charter agreement with Singapore-based Sinanju Tankers Holdings Pte. Ltd. to lease Singapore’s first liquefied natural gas (LNG)-powered bunker tanker, Sinanju said, in a statement Friday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 16, 2019
PG&E names industry vet Vesey as utility head
Holding company PG&E Corp., operating under bankruptcy court protection, said the board of its Pacific Gas and Electric Co. unit (also in bankruptcy), has appointed Andrew M.- Joe Barone, Shale Directories
- Blog
- August 16, 2019
Citgo selects Carlos E. Jorda as CEO
Citgo Petroleum’s board has selected Carlos E. Jorda as its chief executive, selecting a veteran refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S.- Joe Barone, Shale Directories
- Blog
- August 16, 2019
E.ON announces 440 MW South Texas wind farm
Renewable energy giant E.ON said Thursday its largest, single-phase project, the $500 million, 440-megawatt onshore wind farm, Big Raymond, will be built in Texas’ Willacy, Cameron and Hidalgo counties, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 15, 2019
Inter Pipeline announces new oil line project
Canada-based Inter Pipeline Ltd. announced it’s received sufficient shipper support for construction of a $100 million pipeline connection between its Bow River and Central Alberta pipeline systems in western Canada, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 15, 2019
Pef Black Bay Energy partnering with Tops
Texas-based private equity firm (Pef) Black Bay Energy Capital said Wednesday’s it’s partnering with, and has invested in, Total Operations and Production Services (Tops), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 14, 2019
Trump claims credit for cracker plant during PA visit
President Trump boasted Tuesday afternoon about his administration’s efforts to “revive” the nation’s energy and manufacturing sectors during a visit to Royal Dutch Shell’s ethane cracker plant construction site in Beaver County, Pennsylvania.- Joe Barone, Shale Directories
- Blog
- August 14, 2019
New lawsuit filed over Mountain Valley Pipeline
Conservation groups have filed a new lawsuit aimed at the Mountain Valley Pipeline over its impacts on threatened and endangered species, The Associated Press reported.- Joe Barone, Shale Directories
- Blog
- August 14, 2019
Trump administration upsets offshore wind plans
The Trump administration has ordered a major environmental review of the growing offshore wind industry – a review that some experts see as derailing the nation’s first major project and raises questions concerning future developments, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- August 13, 2019
LNG Canada project to ship gas to Asia as early as 2024
A C$40 billion ($30 billion) liquefied natural gas export project in British Columbia led by Royal Dutch Shell (40% share) is on track to start exporting LNG to Asia as early as 2024, having received a significant financial boost from Canada’s federal government.- Joe Barone, Shale Directories
- Blog
- August 13, 2019
Sierra Club, others oppose West Virginia Ctl plant
Some environmental groups are hoping the West Virginia Department of Environmental Protection (Dep) will stop a proposed Mason County coal-to-liquids plant project.- Joe Barone, Shale Directories
- Blog
- August 13, 2019
On-off Saudi Aramco IPO ‘back on’
Saudi Aramco’s on-off-on-again initial public offering is being accelerated, according to the Wall Street Journal, though it remains unclear when the listing may happen.- Joe Barone, Shale Directories
- Blog
- August 12, 2019
Pg&e evaluating proposal from hedge funds
Holding company Pg&e Corp. said Friday it’s evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide $15 billion in equity capital commitments supporting a plan to reorganize the company.- Joe Barone, Shale Directories
- Blog
- August 12, 2019
Fes moves up shutdown of Bruce Mansfield Unit 3
FirstEnergy Solutions Corp. (Fes) announced Friday it is moving up its timetable to shutdown its remaining coal-fired unit in Beaver County, Pennsylvania, due to a “lack of economic viability in current market conditions.” The company has notified grid overseer PJM Interconnection Bruce Mansfield Plant Unit 3 will be deactivated on Nov.- Joe Barone, Shale Directories
- Blog
- August 12, 2019
EnLink executive chair Davis reassumes CEO role
EnLink Midstream announced last week Barry E. Davis, the company’s executive chairman, who led EnLink as its CEO from its founding in 2014 to 2018, has reassumed the role of chief executive while continuing to serve as chairman.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
NGL Energy Partners sells refined products assets
NGL Energy Partners announced it’s selling TransMontaigne Product Services (Tpsl) and associated assets to an unnamed buyer for roughly $300 million, including equity consideration, inventory and net working capital, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
Oxy reaches $1.5B JV deal with Ecopetrol
Occidental Petroleum and Ecopetrol, Colombia’s state-owned oil company, have formed a joint venture to develop assets in the Midland Basin, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
Xom hires Jefferies to accelerate North Sea asset sales
U.S. oil supermajor ExxonMobil (Xom) has hired investment bank Jefferies to sell the stakes it holds in gas and oilfields off the Norwegian coast, which could fetch up to $4 billion, sources told Reuters.- Joe Barone, Shale Directories
- Blog
- August 9, 2019
Oxy sells $13B of debt to help fund Anadarko buy
Occidental Petroleum sold $13 billion of debt to help finance its acquisition of Anadarko Petroleum Corp. after receiving over $75 billion in orders for the deal at the peak, people familiar with the matter told Bloomberg.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Oxy completes $55 billion deal for Anadarko
Occidental Petroleum announced this morning the completion of its $55 billion acquisition of Anadarko Petroleum, including debt assumption, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Tribal leaders request hearing concerning Dapl
South Dakota tribal leaders are requesting a public hearing in North Dakota about a proposed increase in crude oil carried by the Dakota Access Pipeline (Dapl), Kallanish Energy reports. Energy Transfer Partners plans to expand the pipeline’s capacity from more than 500,000 barrels per day, to as much as 1.1 million barrels per day (Mmbpd) to meet growing demand without constructing additional pipelines or rail shipments.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Oil plummets on fears of global slowdown
Crude oil prices fell more than 4.3% Wednesday, to a seven-month low, extending recent heavy losses following a surprise build in U.S.- Joe Barone, Shale Directories
- Blog
- August 7, 2019
Crude oil falls as US-China trade tensions impact
Crude oil prices fell slightly Tuesday, with Brent crude remaining near seven-month lows just below $60 a barrel due to growing trade tensions between China and the U.S., Kallanish Energy reports President Trump is vowing to impose new tariffs on Chinese imports, and China is retaliating by making further moves against U.S.- Joe Barone, Shale Directories
- Blog
- August 7, 2019
Black Bear inks Cotton Valley gathering & processing pact
Black Bear Midstream said Tuesday it’s entered into a seven-year gas gathering and processing agreement with an unnamed Cotton Valley producer in Louisiana’s Desoto and Caddo parishes, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 7, 2019
Caliber buys Bakken assets from American Midstream
Caliber Midstream Holdings said Tuesday it’s acquired Bakken assets in North Dakota from American Midstream Partners for an undisclosed price, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 6, 2019
Enbridge holding open season for Canadian Mainline
Canadian pipeline giant Enbridge has initiated an open season for transportation services on the Canadian Mainline pipeline system, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 6, 2019
Weatherford receives court approval of Dip financing
Oilfield services company Weatherford International Plc said Monday the U.S. Bankruptcy Court for the Southern District of Texas had granted the company final approval for its debtor-in-possession (Dip) financing, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 5, 2019
Settlement allows Midwest refiners to go east
A major gasoline pipeline has reached an agreement to give Midwestern refiners greater access to Pennsylvania markets, Kallanish Energy learns. Houston-based Buckeye Partners has reached an agreement to allow Midwestern refiners to ship more fuel farther into Pennsylvania on its Laurel pipeline, a 350-mile line which historically was used by Philadelphia refineries to transport motor fuel and heating oil west across Pennsylvania.- Joe Barone, Shale Directories
- Blog
- August 5, 2019
China’s Didi teams with BP to build EV charging network
Didi Chuxing, the Chinese ride-hailing behemoth, has teamed with oil supermajor BP to build electric vehicle (EV)-charging stations in China, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- August 2, 2019
Northern Oil and Gas founder leaving company
Northern Oil and Gas, a Williston Basin-based independent producer, announced Michael Reger, founder, president and chairman emeritus, is leaving the company to “pursue opportunities” outside the Williston, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 2, 2019
Pin Oak secures interconnection to Epic, Red Oak lines
Pin Oak Corpus Christi Monday announced new interconnection agreements with Epic Pipeline and Red Oak Pipeline and commencement of construction on its new crude oil trading hub at Taft, Texas, north of Corpus Christi, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 2, 2019
Oil plunges on Fed outlook, ample supply
Crude oil prices plunged Thursday for the first time in six days, after the U.S. Federal Reserve cooled hopes for a string of interest rate cuts, while rising U.S.- Joe Barone, Shale Directories
- Blog
- August 1, 2019
Oil rises as US crude stocks fall, Fed cuts interest rates
Crude oil prices rose for a fifth day Wednesday following a larger-than-expected drop in U.S. inventories, and after the Federal Reserve cut U.S.- Joe Barone, Shale Directories
- Blog
- July 31, 2019
TC Energy selling gas-fired power plants for $2.87B
TC Energy said Tuesday it’s entered into a deal via its TransCanada Energy Ltd. unit to sell interests in three Ontario natural gas-fired power plants to a subsidiary of Ontario Power Generation for roughly $2.87 billion, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 31, 2019
Sovereign wealth fund GIC joins BlackRock, KKR in Abu Dhabi
Singapore sovereign wealth fund GIC has joined international investors BlackRock and KKR in an oil pipeline partnership with Abu Dhabi’s National Oil Co.- Joe Barone, Shale Directories
- Blog
- July 31, 2019
Crude rises on expectations of Fed rate cut, supply drawdown
Crude oil prices rose Tuesday, on track to close at a two-week high, on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world’s biggest oil user.- Joe Barone, Shale Directories
- Blog
- July 29, 2019
Neb says no federal scrutiny needed for gas line
TC Energy’s proposed Coastal GasLink pipeline to supply the LNG Canada project in northern British Columbia is not subject to federal regulation, Canada’s National Energy Board said Friday.- Joe Barone, Shale Directories
- Blog
- July 29, 2019
Oneok announces expansions to natgas, Ngl infrastructure
Midstreamer Oneok last week announced $700 million in plans to expand its natural gas and natural gas liquids infrastructure between now and 2021, including: * A 200 million cubic feet per day (Mmcf/d) expansion of the Bear Creek natural gas processing facility and related infrastructure in the Williston Basin* Mid-Continent Ngl fractionation facility expansions totaling roughly 65,000 barrels per day, and additional Ngl infrastructure to increase capacity between the Elk Creek and Arbuckle II pipelines* A 40,000 Bpd additional expansion of the West Texas LPG pipeline in the Permian Basin.- Joe Barone, Shale Directories
- Blog
- July 29, 2019
U.S. approves commercial service for Cameron LNG
The Federal Energy Regulatory Commission last Friday approved Sempra Energy’s request to initiate commercial service of the first liquefaction train at its $10 billion Cameron liquefied natural gas export (Lng) terminal in Louisiana, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- July 26, 2019
Icahn wins ISS support for initial step to shake up Oxy
Billionaire activist investor Carl Icahn’s effort to shake up Occidental Petroleum’s board got a boost from a prominent shareholder advisory firm Thursday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- July 26, 2019
Plaintiffs win royalty judgment against EQT
A federal judge has given final approval to the settlement of a natural gas royalty civil suit against EQT, which will cost the U.S.’s largest dry gas producer $53.5 million, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- July 26, 2019
Crude rises on US stock decline, but manufacturing slowdown caps gains
Crude oil prices rose slightly Thursday amid Middle East tensions and a big fall in U.S. crude stockpiles, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 25, 2019
Presidio completes asset acquisition from Apache
Presidio Investment Holdings this week announced it’s completed the acquisition of all oil- and natural gas-producing properties in the western Anadarko Basin of Texas, Oklahoma, and Kansas from Apache Corp.- Joe Barone, Shale Directories
- Blog
- July 25, 2019
Switchback Energy launches Ipo
Switchback Energy Acquisition Corp. has begun its initial public offering of 30 million units at a price of $10.00 per unit, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 25, 2019
Oil falls despite big draw in inventories, Mideast tension
Crude oil prices fells Wednesday despite Energy Information Administration data showing a big draw in U.S. crude inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 24, 2019
Petition calls for halt to plastics pollution to streams, oceans
A coalition of 270 community and conservation groups across the United States has filed a legal petition demanding that the U.S.- Joe Barone, Shale Directories
- Blog
- July 24, 2019
Qatar Petroleum enters blocks offshore Kenya
State-owned oil firm Qatar Petroleum announced Tuesday the acquisition of interests in three blocks in offshore Kenya, Kallanish Energy reports. The L11A, L11B and L12 blocks are located in the Lamu Basin, in the eastern part of the country, covering 5,790 square miles in water depths between 3,280 feet and 9,840 feet in the Indian Ocean.- Joe Barone, Shale Directories
- Blog
- July 23, 2019
Halliburton profit plunges 85% on charges
Oilfield services firm Halliburton on Monday said it cut 8% of its North American workforce as it took fleets of hydraulic fracturing equipment from the field in response to a continued slump in demand for fracking services in the U.S.- Joe Barone, Shale Directories
- Blog
- July 23, 2019