- Joe Barone, Shale Directories
- Blog
- September 30, 2020
Oil demand, supply expected to drop 2022-2023: CP
ConocoPhillips expects the oil and natural gas industry to partially recover in 2021 from the coronavirus pandemic, low demand and low prices, but the company expects oil demand to drop by 3 million to 4 million barrels per day in the United States in 2022-2023.- Joe Barone, Shale Directories
- Blog
- August 27, 2020
Global oil demand to plateau at 92%-95%: IHS Markit
Global oil demand has grown by 13 million barrels per day in the last four months, after hitting rock bottom last April in the coronavirus pandemic, but that recovery is expected to plateau just below pre-pandemic levels.- Joe Barone, Shale Directories
- Blog
- August 7, 2020
Asset sale to NEO Energy will help Total’s crisis plan: CFO
Total said Thursday its sale of non-core assets in the UK North Sea to NEO Energy is contributing to its action plan amid the “economic crisis,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 7, 2020
UK’s Q2 profit warnings surpass those in 2019: EY
UK-listed oil and gas companies have recorded more profit warnings in the second-quarter than the whole of 2019, EY said in a new report on Thursday.- Joe Barone, Shale Directories
- Blog
- August 7, 2020
Global gas demand to recover quickly post-Covid-19
Global gas demand is set to rebound quickly post-pandemic, as growth is underpinned by favorable economics, wider access to the fuel and lower emissions ambitions, a report said on Thursday.- Joe Barone, Shale Directories
- Blog
- August 7, 2020
Cheniere’s LNG shipments in Q2 dipped by 25%
Cheniere Energy reported a second quarter 2020 net earnings of $197 million or 78 cents per share, despite liquefied natural gas shipments being down 25% from a year ago, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 6, 2020
Sempra Energy may make FID in 2020 on Mexican LNG
Sempra Energy reported that it is continuing to work with the Mexican government to get a 20-year export permit for its proposed Costa Azul liquefied natural gas (LNG) export plant in Mexico’s Baja California, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 4, 2020
ExxonMobil posts second quarter loss of $1.1 billion
U.S. supermajor ExxonMobil has recorded net losses of $1.08 billion for second-quarter as the effects of the Covid-19 pandemic hit production and prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 4, 2020
US energy tube market remains stagnant
The US energy tube market remains depressed, and market sources are having a hard time identifying any bright spots, Kallanish reports.- Joe Barone, Shale Directories
- Blog
- August 3, 2020
Record LNG production for Origin Energy venture but revenues fall
Australian utility provider Origin Energy has posted record production volumes alongside decreased revenues for liquefied natural gas (LNG) in its fourth quarter operations report.- Joe Barone, Shale Directories
- Blog
- August 3, 2020
Phillips 66 posts $141M loss in Q2 as midstream, refining improves
Houston-based refiner Phillips 66 has recorded net losses of $141 million in second-quarter, in a marked improvement from its first-quarter performance, Kallanish Energy reports.US July 31 rig count remains steady
The U.S rig didn’t lose any rigs in the latest count that was released on July 31. It didn’t gain any rigs either.- Joe Barone, Shale Directories
- Blog
- July 31, 2020
Total posts $8B loss in Q2, maintains dividends
French energy major Total posted on Thursday losses of over $8.37 billion during second-quarter driven by impairments, lower hydrocarbon prices and production levels, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 31, 2020
Antero says production grew by 9% in 2Q
Antero Resources has reported a GAAP net loss of $463 million or $1.73 per share in the second quarter 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 31, 2020
Eni’s gas output drops 11% on lower demand, prices
Eni’s natural gas production declined 10.8% during the second-quarter, on the back of lower output in Libya and the impact of lower gas demand in certain areas.- Joe Barone, Shale Directories
- Blog
- July 30, 2020
While U.S. Pipelines Face Siege from Extremists, China Moves Ahead
... … … [Editor Comment: Pipelines here at home in the U.S. are ever harder to get done as extremist opponents tie them up in courts, but China is moving ahead ever faster.]- Joe Barone, Shale Directories
- Blog
- July 30, 2020
Permian gas output to rebound in 2H20: Rystad Energy
Gas output from the Permian Basin of West Texas and New Mexico is forecast to surge in the second half of 2020 according to a new analysis, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 24, 2020
Kinder Morgan posts $637M loss in Q2 after $1B impairment
U.S. pipeline operator Kinder Morgan has announced net losses of $637 million during Q2 2020 following a $1 billion impairment charge, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 24, 2020
O&G service suppliers to pivot to energy transition projects
Oil and gas services firms may take aim at energy transition projects to make up for Covid-19 revenue shortfalls, Kallanish Energy learns from Rystad Energy.- Joe Barone, Shale Directories
- Blog
- July 24, 2020
GAIL eyes government interference to renegotiate US LNG prices
India’s largest state-owned gas company, GAIL, is pushing its government to use strengthening diplomatic ties to bring U.S. LNG suppliers to the negotiating table.- Joe Barone, Shale Directories
- Blog
- July 23, 2020
Naturgy’s profit shrink 43.6% on low gas demand, prices
Spain’s Naturgy posted on Wednesday a 43.6% hit to its net profits during the first half of 2020, as the Covid-19 outbreak poses significant challenges to the industry, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 23, 2020
Iberdrola posts 12.5% growth in net profit in H1
Spanish utility Iberdrola reported Wednesday a 12.2% year-on-year growth in its first-half net profits, defying the odds and negative impacts of the Covid-19 pandemic in the second quarter.- Joe Barone, Shale Directories
- Blog
- July 23, 2020
Petrobras declares force majeure on Bolivian gas contract in Q2
Brazilian state-run oil and gas company, Petrobras, has declared force majeure on its Bolivian gas imports contract, as gas sales were down roughly 20%, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 22, 2020
Cheap spot LNG threatens India’s new deepwater supply
Low spot liquefied natural gas (LNG) prices are threatening India’s new deepwater supply, with around 35% of uncontracted volumes in 2022 at a higher risk of being replaced by spot LNG.- Joe Barone, Shale Directories
- Blog
- July 22, 2020
Oil Search’s revenues fall 19% in H1 2020
Australian-listed Oil Search reported on Tuesday a drop of 19% in total revenues for the first half of 2020, despite maintaining its production and sales levels, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 21, 2020
Israel’s Leviathan gas field production hit by declining demand
Israel’s offshore Leviathan gas field experienced declining gas production volumes and prices in Q2 2020, following a drop in regional demand as a result of the Covid-19 pandemic, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 21, 2020
Global oil and gas project sanctioning to fall 75% in 2020: Rystad Energy
New analysis has found that global oil and gas project sanctioning is due to fall by 75% in 2020 compared to last year, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 21, 2020
German offshore wind industry calls for incentive system
The German offshore wind industry has called on the government to consider an “efficient” levy system to expand the country’s offshore wind capacity to support its green transition.- Joe Barone, Shale Directories
- Blog
- July 21, 2020
Covid-19 accelerates Venezuela’s hydrocarbon sector crash
Venezuela’s oil and gas sector is truly nearing its collapse, with the Covid-19 pandemic accelerating its destruction despite world-scale resources, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 17, 2020
Middle East to remain major petrochemicals player post-pandemic
The Middle East is set to remain a key supplier of petrochemicals post-Covid-19, despite the current negative outlook caused by the pandemic, according to GlobalData.- Joe Barone, Shale Directories
- Blog
- July 17, 2020
Pandemic recovery won’t be V-shaped: van Beurden
Global energy markets will most likely not experience a “V-shaped” recovery from the Covid-19 pandemic, according to Royal Dutch Shell’s CEO Ben van Beurden.- Joe Barone, Shale Directories
- Blog
- July 16, 2020
Woodside expects spot LNG to average $3/MmBtu this year
Woodside expects spot liquefied natural gas (LNG) prices to average $3 per million British thermal units (MmBtu) this year, before starting to rise from 2021, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 16, 2020
Argentina halts Vaca Muerta gas pipeline project
Argentina’s Energy Secretariat has suspended the construction of a major pipeline to transport natural gas from Vaca Muerta, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- July 15, 2020
Nord Stream gas pipeline shuts for routine maintenance
Nord Stream natural gas pipeline has started a 12-day routine maintenance, with both lines of the system shutting down for planned works, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 13, 2020
Stagnation continues in US energy tube pricing
U.S. energy tubular pricing remains mired due to weak oil and gas conditions, Kallanish reports. Kallanish held its representative P110 domestic welded casing price Friday at $1,000-1,050/short ton, a level it has occupied since shortly after the bottom fell out of oil prices in the spring.- Joe Barone, Shale Directories
- Blog
- July 10, 2020
Iberdrola secures €800M funding for renewables projects
Spanish renewables operator Iberdrola is to receive €800 million ($893 million) in funding to develop over 20 Spanish renewable energy projects, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 10, 2020
Jera calls for more cooperation, creativity in LNG industry
Japan’s No. 1 liquefied natural gas (LNG) importer, Jera, has called for more cooperation and creativity to help the industry navigate ongoing challenges, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 3, 2020
Germany Can No Longer Afford Renewables. This Is Our Future.
... … … [Editor’s Note: The Energiewende in Germany has been a financial disaster but, of course, Congress wants it to use it as their model of green political correctness.]- Joe Barone, Shale Directories
- Blog
- July 3, 2020
Net zero pledges will fail without clean energy innovation: IEA
The International Energy Agency (IEA) warned on Thursday that a major acceleration of clean energy innovation will be required to reach net-zero carbon dioxide (CO2) emissions targets, Kallanish Energy reports.US rig count still dropping: Baker Hughes
The working rig count for the United States continued its downward spiral, Kallanish Energy reports It slid from 265 on June 29 to an all-time low of 263 on July 2, according to the latest count from Baker Hughes.- Joe Barone, Shale Directories
- Blog
- July 2, 2020
Indonesia’s LNG imports to rise 63% in H2
Indonesia’s imports of liquefied natural gas (LNG) could surge 63% year-on-year in the second half of 2020, Wood Mackenzie forecast earlier this week.- Joe Barone, Shale Directories
- Blog
- July 1, 2020
Qatargas, XOM reject Petronet’s force majeure claims
Qatargas and ExxonMobil have rejected force majeure notices issued by Petronet LNG, claimed due to the impact of the coronavirus pandemic on demand, the Indian company said Tuesday.- Joe Barone, Shale Directories
- Blog
- July 1, 2020
Petronet’s LNG regas volumes down 6% during Jan-Mar
India’s top liquefied natural gas (LNG) importer Petronet reported Tuesday a 6% quarter-on-quarter decline in LNG imports through its regasification terminals in Gujarat and Kerala, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 30, 2020
Exmar readies to dispute YPF’s force majeure notice
Belgium shipping company Exmar is considering the best way to defend its interests in a dispute with Argentina’s YPF, Kallanish Energy reports.US rig count hits new all-time low for eighth straight week
The working rig count for the United States and Canada continues to plummet but the drop could be slowing down, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 26, 2020
US natural gas drillers face tough, permanent cuts
Some steel aimed at the US shale drilling industry might no longer have a place in the domestic supply chain, Kallanish understands from a Bank of America report.- Joe Barone, Shale Directories
- Blog
- June 26, 2020
US presidential election concerns resurface for energy tubulars
As Covid-19 restrictions ease in most of the U.S., attention is shifting back to the original 2020 big question – the U.S.- Joe Barone, Shale Directories
- Blog
- June 26, 2020
India’s LNG imports rise 22% m-o-m in May
Indian liquefied natural gas (LNG) imports have climbed 22% month-on-month in May 2020, following a sharp decrease in April due to the Covid-19 pandemic, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 26, 2020
US solar photovoltaic prices dropping quickly: WoodMac
United States solar photovoltaic system costs are falling faster than had been expected, despite the coronavirus pandemic, according to a new report from Wood Mackenzie.- Joe Barone, Shale Directories
- Blog
- June 25, 2020
Drax partners with Mitsubishi Heavy Industries on BECSS pilot
UK’s utility company Drax announced plans on Wednesday for a new bioenergy with carbon capture and storage (BECCS) pilot program in conjunction with Mitsubishi Heavy Industries (MHI).- Joe Barone, Shale Directories
- Blog
- June 24, 2020
3,000 Workers on Site at the Shell Cracker Plant
Shell had done a phenomenal managing the restrictions brought by the COVID-19. We are fortunate to have Shell’s commitment to the Appalachian Basin.- Joe Barone, Shale Directories
- Blog
- June 23, 2020
Pandemic storm set to accelerate energy transition
It’s now or never. Or in the words of BP’s CEO Bernard Looney: “as the world emerges from the Covid-19 pandemic, it feels like we are at a pivotal moment.”- Joe Barone, Shale Directories
- Blog
- June 19, 2020
Seven Loaves Feeds Others with Help from Williams Pipeline Company
Rick Hiduk Managing Editor of EndlessMtnLifestyles.com … … Williams Companies, the pipeline folks, are spending $1 million on Corona Virus relief, including $5,000 for the Seven Loaves Soup Kitchen in Northeast PA.- Joe Barone, Shale Directories
- Blog
- June 19, 2020
Digitalization, agility at heart of BP strategy: Looney
UK’s oil supermajor BP has placed new digital initiatives and agility at the heart of its ongoing strategy, in a move to become a “more focused” company, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 19, 2020
Xcel Energy proposes $3B in projects to help Minn. economy
Xcel Energy has proposed $3 billion of energy projects as a way to help the Minnesota state economy back on track after the coronavirus pandemic, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 19, 2020
800 Enbridge workers voluntarily leaving company: report
Enbridge says 800 workers have voluntarily agreed to leave the company to avoid layoffs as it works to cut costs, in the wake of the coronavirus pandemic and the oil price rout, Kallanish Energy has learned.- Joe Barone, Shale Directories
- Blog
- June 18, 2020
Major oil executives ‘optimistic’ amid anxiety over coronavirus ‘second wave’
Sixteen of the world’s leading energy executives met virtually at an unprecedented meeting Tuesday night to talk about how big oil will navigate its biggest crisis in recent history while confronting the coronavirus pandemic.- Joe Barone, Shale Directories
- Blog
- June 18, 2020
IEA unveils framework for future government energy action
The International Energy Agency has released an energy sector framework for governments to boost economic growth, create new employment opportunities and accelerate cleaner energy infrastructures.- Joe Barone, Shale Directories
- Blog
- June 18, 2020