- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Gazprom isolates 20 workers over coronavirus fears
Russian gas giant Gazprom said on Thursday it has 20 workers isolating at Bovanenkovo gas field, after being in contact with a person who tested positive for Covid-19.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Court backs ACE review of Bayou Bridge Pipeline
A federal judge in Louisiana has ruled that the environmental review of the Bayou Bridge Pipeline by the U.S. Army Corps of Engineers (ACE) was sufficient, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Energy Transfer gets Pa. waivers for Mariner East 2 work
Pennsylvania has approved six waivers to allow Energy Transfer and subsidiary Sunoco to continue construction on its Mariner East 2 pipelines, Kallanish Energy reports The waivers, approved on Wednesday, allow the company to continue working at 15 construction sites across the state.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
Eni announces 2020-2021 plan revision
Italy’s oil major Eni said Wednesday it has concluded a revision of planned activities and will slash its 2020 capex by 25%, with deeper reductions the following year, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
Sinopec Oilfield Service lifts 2020 capex by 18%
China’s Sinopec Oilfield Service Corporation (SSC) said on Tuesday it will increase its capex this year by 18.4% year-on-year, despite the current market outlook, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
Santos defers FID on Barossa gas project
Australian oil and gas producer Santos will defer the final investment decision (FID) on the Barossa gas project due to uncertain and challenging market conditions, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
South Dakota toughens up on pipeline rioters
South Dakota Gov. Kristi Noem has signed legislation to toughen the state’s riot laws with criminal and civil penalties for those who urge rioting against pipeline projects, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Golar Power to start Brazil’s 1st LNG-to-power station
Brazilian electricity regulator Aneel has given the go-ahead for the start of commercial operations at the country’s first integrated LNG-to-power project, developer Golar Power said this week.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Market conditions threaten US petchem projects
The U.S. and global chemical investment wave is set to slow “considerably” in the coming years, as companies slash their capex to preserve cash, ICIS said this week.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Ineos to build hand sanitizer factories in 10 days
UK’s chemical company Ineos announced Tuesday it will build a plant near Middlesbrough, England, to produce 1 million bottles per month of hand sanitisers within 10 days.- Joe Barone, Shale Directories
- Blog
- March 24, 2020
North Sea can survive the price rout: WoodMac
The North Sea can survive the ongoing storm in the oil and gas industry in the short-term, principal analyst at Wood Mackenzie Neivan Boroujerdi said on Monday.- Joe Barone, Shale Directories
- Blog
- March 24, 2020
Aker BP puts projects on hold, cuts capex by 20%
Norwegian-focused oil and gas producer Aker BP said Monday it will put non-sanctioned field development projects on hold as part of its updated investment program and financial framework.- Joe Barone, Shale Directories
- Blog
- March 24, 2020
Total sets immediate action plan for current market
French oil major Total on Monday joined peers Shell and Equinor on announcing immediate action to cope in a “three-crises” environment, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Fitch cuts 2020 Brent price forecast by $21.50/Bbl 📉
Fitch Ratings revised down its short- and medium-term forecasts for crude oil prices, as the market is expected to be “massively oversupplied” in 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
France’s Total makes new renewables acquisition
French oil major Total said on Friday it has made a “substantial investment” in wind power, acquiring 100% of Global Wind Power (GWP) France, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Papua New Guinea LNG sells cargo at $4/MmBtu: report
ExxonMobil’s Papua New Guinea LNG plant has reportedly sold a liquefied natural gas cargo at nearly $4 per million British thermal units for loading in April, potentially suggesting a price hike.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Bankruptcy judge approves PG&E financing plan
A federal bankruptcy judge in California has approved Pacific Gas & Electric’s financing plan to emerge from Chapter 11 reorganization, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
EPA finalizes settlement on Wyoming oil spills
The U.S. Environmental Protection Agency (EPA) has announced a proposed settlement with Citation Oil & Gas Corp. for spills in 2016 and 2019 in Wyoming, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
ConocoPhillips to cut 2020 capex by $750 million
ConocoPhillips has announced it’s cutting its operational capital expenditure by $700 million this year in response to the recent oil market downturn, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
FERC approves Jordan Cove LNG in Oregon
The Federal Energy Regulatory Commission on Thursday issued a certificate of approval for a liquefied natural gas (LNG) facility in Oregon, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Struggling Gulfport Energy seeks restructuring help
Gulfport Energy, a major natural gas producer in the Appalachian Basin, has hired an investment bank as a debt restructuring adviser, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Wintershall Dea’s production up 9%, costs down 20%
German independent gas and oil producer Wintershall Dea reported this week a 9% increase on its output in 2019 and a 20% reduction on its production costs, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Eni plans ‘strong’ cut to capex, cancels share buyback
Italian oil major Eni said on Wednesday it has cancelled its share buyback program, lowered its forecast for Brent crude and is revising its spending plans, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Energean secures gas prices for 70% of output
Israeli gas-focused company Energean said Tuesday it’s well-placed to weather the challenges currently posed to the industry, and its Edison acquisition will shield the company from price volatility.- Joe Barone, Shale Directories
- Blog
- March 19, 2020
EOG Resources cuts $2 billion or 31% from capex budget
Texas-based EOG Resources is cutting its 2020 capital spending by $2 billion or 31%, in the wake of the spreading coronavirus and the crude oil price war between Saudi Arabia and Russia that is impacting U.S.- Joe Barone, Shale Directories
- Blog
- March 18, 2020
Golar plans LNG import terminal in Brazil
Liquefied natural gas shipping company, Golar LNG, has revealed plans to develop an LNG import terminal in the Port of Suape, to meet power generation demand in Brazil’s northeastern region, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 18, 2020
Equinor sets unit to deal with Covid-19, oil prices challenge
Norwegian oil major Equinor announced Tuesday it’s setting up a temporary corporate project to handle both short- and long-term issues raising from the coronavirus pandemic and low oil prices environment.- Joe Barone, Shale Directories
- Blog
- March 18, 2020
Novatek reaches 1 Tcm gas production milestone
Russia’s largest independent gas producer, Novatek, said on Tuesday it has produced a total of 1 trillion cubic meter – a milestone since its gas development program started in 1998, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 17, 2020
Aramco ‘very comfortable’ with oil at $30 a barrel: officials
Saudi Aramco is “very comfortable” with crude oil prices of $30 a barrel and will remain so “for a long time,” officials said on Monday during the company’s first earnings call with investors and analysts.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Canada’s Husky Energy trims capex, delays projects
Alberta-based Husky Energy has announced plans to trim $1 billion from its budget in 2020 in response to what it called “challenging” global market conditions with the lowest oil prices in three years.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Owner to keep Pa. nuclear power plant open beyond 2021
The owner of a nuclear power plant in western Pennsylvania has reversed a previous decision and will keep the plant open beyond 2021, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Nine counties challenge tighter Colorado air rules
Nine rural counties in western Colorado have filed a lawsuit challenging state rules adopted last December to reduce unhealthy ozone pollution, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
BJ Services, Aethon to add new fracturing fleet
Texas-based BJ Services has entered into a four-year agreement with Aethon Energy for a natural gas-fueled fracturing fleet to be used in Louisiana, Kallannish Energy reports The first next-generation Titan fleet will be deployed in the gas-rich Haynesville Shale in the fourth quarter of 2020.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Wyoming eyes Occidental lands in Utah, Colorado
It is the strangest story of the week: Wyoming may soon to buy a chunk of land in another state for possible oil and gas drilling and other uses, Kallanish Energy has learned.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Matador Resources to reduce drilling program
Texas-based Matador Resources Co. will reduce its drilling program from six rigs to three rigs before June 30. It is active in the Delaware Basin of West Texas and New Mexico, the Eagle Ford in South Texas and the Haynesville Shale in Louisiana.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Canadian companies cut capex
MEG Energy Corp. is cutting $50 million from its 2020 capital spending. The total will drop from $250 million to $200 million and it has also reduced its production guidance slightly from 95,500 barrels per day to 94,000 barrels per day.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
PGNiG gas sales up 6%, revenues down
Polish state energy company PGNiG said Thursday its natural gas sales increased roughly 6% year-on-year in 2019, despite mild temperatures in the winter months, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Ohio eco-groups recall XTO Energy gas well blowout
One of the biggest-ever methane leaks in the United States occurred two years ago at a natural gas well in eastern Ohio, and Ohio environmentalists remembered that event on Thursday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Verbund, OMV negotiate share in Gas Connect Austria
Austria’s leading electricity company, Verbund, has entered exclusive negotiations with OMV for the purchase of a 51% stake in gas pipeline company Gas Connect Austria, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
OMV, Mubadala sign $4.68B Borealis deal
Austria’s oil major OMV and Abu Dhabi’s sovereign investor Mubadala agreed terms for the $4.68 billion deal, which will give OMV a 75% controlling share in petrochemicals company Borealis, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Total to build France’s largest battery-based storage system
Total announced Thursday its plans to build France’s largest battery-based energy storage project, supporting its goal to become “the responsible energy major,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
Gazprom, CNPC to shut Power of Siberia for maintenance
Natural gas exports from Russia to China via the Power of Siberia pipeline will be halted later this month for a routine maintenance, Russian media reported earlier this week.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
Russia approves zero tax on Arctic gas extraction
Russia’s upper house has approved a tax exemption on natural gas drilling in the Arctic, as a way to boost production of further liquefied natural gas (LNG) in the region.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
Saudi Arabia, UAE to flood oil markets in April
As the coronavirus outbreak is declared a pandemic by the World Health Organization, Saudi Arabia and the UAE announced they are increasing crude supply to the market in April by around 3 million barrels per day (Mmbpd), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
US natural gas production up 10% in 2019: EIA
U.S. natural gas production increased by 10% in 2019, according to the Department of Energy and its Energy Information Administration. Volumes were up by 9.8- Joe Barone, Shale Directories
- Blog
- March 12, 2020
DOE cancels Strategic Petroleum Reserve oil sales
The U.S. Department of Energy has suspended its planned sale of crude oil from the agency’s Strategic Petroleum Reserve in Texas and Louisiana, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
PG&E, FEMA settle on $1B California wildfire payment
Pacific Gas & Electric has agreed to pay $1 billion to resolve claims by federal and state emergency management agencies tied to 2017 and 2018 California wildfires, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
Massachusetts utility to pay $53M fine for 2018 gas explosions
A Massachusetts utility had pleaded guilty to causing a series of natural gas explosions in 2018 that killed one person and damaged scores of homes north of Boston, Kallanish Energy reports The president of Columbia Gas of Massachusetts, Mark Kempic, entered the plea this week in U.S.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
Analysts Expect Gas Producers to Gain Amid Oil Losses 📉
The loss to U.S. shale oil producers could allow the region’s gas-focused producers to benefit, as production cuts due to low oil prices are likely to ease the supply glut in the gas market, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
Cenovus to cut 2020 capital spending by 32%
In the wake of the oil price crash, Alberta-based Cenovus announced that it was cutting its 2020 capital spending by 32%, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
Wind turbine order capacity breaks new record in 2019
Original equipment manufacturers (OEMs) have experienced a record amount of wind turbine capacity order globally, with figures nearly reaching 100 gigawatts (GW), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Oil prices collapse 30%, may dip into $20s
Saudi Arabia added fuel to an already burning oil market by slashing its crude oil prices to Europe, Asia and the U.S.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Oil price rout to trigger major industry shake-up: WoodMac
The oil price rout may trigger a major industry shake-up, and U.S. independent companies may be forced to act sooner than later, Kallanish Energy learns from Wood Mackenzie experts on Monday.- Joe Barone, Shale Directories
- Blog
- March 9, 2020
FERC releases massive EIS for $40B Alaska LNG project
The Federal Energy Regulatory Commission has issued a generally favorable Environmental Impact Statement for a long-sought natural gas pipeline and liquefied natural gas export project in Alaska, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 9, 2020
Enbridge to proceed with $500M Line 5 Pipeline tunnel
Enbridge announced Friday that it intends to build a $500 million pipeline tunnel under the Straits of Mackinac after a long and continuing legal fight with the state of Michigan, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 9, 2020
Warren Buffett withdraws from $9.5B Quebec LNG project
Warren Buffett and his Berkshire Hathaway investment company have reportedly decided against investing $4 billion in a proposed liquefied natural gas (LNG) project in Quebec, Kallanish Energy learns.US rig count increases by three in last week
The number of rigs drilling for oil and natural gas in the United States increased by three, according to a new report compiled by Baker Hughes, the Texas-based well service company.- Joe Barone, Shale Directories
- Blog
- March 6, 2020
Mozambican learders must tackle security issues: Ayuk
Mozambican leaders must tackle security problems emerging in sites where international companies are developing liquefied natural gas (LNG) projects, NJ Ayuk, chairman of the African Energy Chamber warned this week.- Joe Barone, Shale Directories
- Blog
- March 6, 2020