Fossil Fuels Decisions Shouldn’t Be A Game of Risk with No Safety Net
fossil fuels Ronald SteinAmbassador for Energy & Infrastructure, Irvine, California .. .… … [Editor’s Note: Those who wish to abolish fossil fuels need to start addressing the risks before plunging ahead because the danger to civilization without a safety net is huge.]Hydraulic Fracturing Equals Energy Security: A Ban Would Be Insane
Tom ShepstoneShepstone Management Company, Inc. … … The Department of Energy just issued a comprehensive report about the dangers of banning hydraulic fracturing in this country.- Joe Barone, Shale Directories
- Blog
- November 27, 2020
China Does Renewables Head Fake: Builds Energy Reserves with WuFlu
... … … [Editor’s Note: China let its virus loose upon the world and is now using it to build energy reserves, while pretending to be a renewables leader.]- Joe Barone, Shale Directories
- Blog
- October 30, 2020
Antero Resources reports 3Q net loss of $536M
Antero Resources reported a net loss of $536 million or $1.99 per diluted share in the third quarter 202, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 30, 2020
ConocoPhillips reports 3Q net loss of $450M
ConocoPhillips has reported a third quarter 2020 net loss of $450 million or 42 cents per share, Kallanish Energy reports. That compares to 3Q 2019 net earnings of $3.1 billion or $2.74 per share.- Joe Barone, Shale Directories
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- October 30, 2020
Six contractors hired to build Keystone XL in US
TC Energy on Thursday awarded more than $1.6 billion in contracts to six major American contractors to build more than 800 miles of the now-stalled Keystone XL Pipeline in three states in 2021, Kallanish Energy reports.- Joe Barone, Shale Directories
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- October 26, 2020
Oil future at center of Trump-Biden debate
The future of the oil and gas industry and climate change emerged key topics in the final presidential debate between President Donald Trump and former vice president Joe Biden.North American rig count increases by eight: BH
The North American rig count continued inching upward in the latest count from Baker Hughes, Kallanish Energy reports. The U.S. count increased by five rigs and the Canadian count increased by three rigs in the Oct.- Joe Barone, Shale Directories
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- October 23, 2020
Kinder Morgan reports $455M profit in 3Q 2020
Texas-based pipeline operator Kinder Morgan reported a net gain of $455 million or 20 cents per share in the third quarter 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
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- October 23, 2020
EQT reports $601M loss in 3Q 2020
EQT, the largest producer of natural gas in the United States, reported a net loss of $601 million or $2.35 in the third quarter 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
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- October 23, 2020
CNOOC’s Q3 revenues down 27%, production up 5%
China’s CNOOC said on Thursday its third-quarter revenues declined 26.8% year-on-year dragged down by low oil prices, Kallanish Energy reports. The company noted in its quarterly operational update that revenues dropped to RMB 35.55 billion, with its realized oil prices falling 29.3% to average $43.03 per barrel.- Joe Barone, Shale Directories
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- October 22, 2020
Baker Hughes reports $170M loss in 3Q
Baker Hughes on Wednesday reported a third quarter 2020 net loss of $170 million or 25 cents per share, Kallanish Energy reports.- Joe Barone, Shale Directories
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- October 21, 2020
2021 poised to be ‘bumper year’ for upstream M&A: WoodMac
2021 could be a bumper year for upstream M&A with deals potentially reaching $10-15 billion in the Asia Pacific region, Wood Mackenzie said on Tuesday.- Joe Barone, Shale Directories
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- October 20, 2020
ConocoPhillips, Concho announce $9.7B merger
ConocoPhillips and Concho Resources on Monday announced they have entered into a definitive agreement to combine companies in an all-stock transaction worth $9.7 billion, Kallanish Energy reports.US rig count increases by 13 rigs: Baker Hughes
The newest United States rig count was the type that oil and gas operators have been dreaming about since March after months of declining rig counts, Kallanish Energy reports.- Joe Barone, Shale Directories
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- October 12, 2020
Warren bows out as Energy Transfer CEO
Texas-based Energy Transfer has announced that long-time company executives Mackie McCrea and Tom Long have been named as co-chief executive officers.- Joe Barone, Shale Directories
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- October 12, 2020
Judge throws out Obama’s 2016 methane rules
A federal judge in Wyoming has ruled that Obama-era rules targeting methane leaks from oil and natural gas operations on public lands are illegal, Kallanish Energy reports.US rig count up 3, Canada count up 5: Baker Hughes
Texas got three new drilling rigs at work in the latest count by Baker Hughes, the Texas-based well services company. New Mexico also got one new rig but Pennsylvania lost one rig in the Oct.- Joe Barone, Shale Directories
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- October 9, 2020
O&G are vital to U.S. way of life: DOE report
A new report by the U.S. Department of Energy cites the need for energy innovation while recognizing the benefits of oil and natural gas in the daily lives of Americans, Kallanish Energy reports.- Joe Barone, Shale Directories
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- October 7, 2020
Premier Oil agrees ‘reverse takeover’ with Chrysaor
London-based independent Premier Oil announced on Tuesday it will merge with UK-based E&P firm Chrysaor, Kallanish Energy reports. Premier will merger with Chrysoar through a “reverse takeover” announced on Tuesday with Chrysaor’s parent company, Harbour Energy.- Joe Barone, Shale Directories
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- October 7, 2020
BHP to acquire further 28% stake in Shenzi field
Anglo-Australian multinational mining, metals and petroleum firm, BHP, is to acquire a 28% stake in the Shenzi oil and gas field from Hess Corporation, Kallanish Energy reports.- Joe Barone, Shale Directories
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- October 6, 2020
Energy transition poses credit risks to NOCs: Moody’s
National oil companies (NOC) are less prepared for the energy transition than their counterparts in the private sector, which increases their credit risks, Moody’s said Monday.- Joe Barone, Shale Directories
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- October 2, 2020
Diversification may be crucial for pipeline operators: GlobalData
The global oil and gas pipeline sector might be better off looking for “new opportunities” and be prepared for “future disasters,” GlobalData warned on Thursday.- Joe Barone, Shale Directories
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- October 2, 2020
Australia’s upstream M&A market to reach $27B amid energy transition
Australia’s upstream M&A market could see up to $27 billion worth of assets put for sale, a new analysis by Wood Mackenzie estimated on Thursday.- Joe Barone, Shale Directories
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- October 1, 2020
US onshore oil production to dip in late 2020: RE
United States onshore oil production is expected to gradually decline in late 2020, after peaking in August, Rystad Energy reported on Wednesday.- Joe Barone, Shale Directories
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- October 1, 2020
Indigenous group may buy stake in Keystone XL
Alberta-based TC Energy and Natural Law Energy have signed a memorandum of understanding for indigenous First Nation groups to pursue an equity interest in the Keystone XL oil pipeline.- Joe Barone, Shale Directories
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- September 30, 2020
Shell to slash up to 9,000 jobs by 2022
Royal Dutch Shell announced Wednesday it will cut up to 9,000 jobs worldwide by the end of 2022 under its ongoing transformational plan, Kallanish Energy reports.- Joe Barone, Shale Directories
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- 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
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- September 29, 2020
Total transfers operatorship in five Brazilian O&G blocks
French supermajor Total announced Monday it has transferred its equity interests in five Brazilian exploration blocks to state-run Petrobras, Kallanish Energy reports.Rig count up six in US, up seven in Canada: BH
It was a good week for the oil and natural gas industry, as the number of working rigs increased by six in the United States and by seven in Canada, according to Baker Hughes.- Joe Barone, Shale Directories
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- September 25, 2020
Total to convert crude refinery to produce biofuels
French energy major Total announced on Thursday it will convert its Grandpuits crude oil refinery to produce renewable diesel and bioplastics, Kallanish Energy reports.- Joe Barone, Shale Directories
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- September 25, 2020
Shipping industry must not wait for ideal fuel solution: DNV-GL
The shipping industry’s “grand challenge” of decarbonization will have to rely on a mix of fuels, rather than wait for the ideal solution to arrive, according to DNV-GL.- Joe Barone, Shale Directories
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- September 24, 2020
Neste, Shell Aviation ink SAF supply agreement
Neste and Shell Aviation said Wednesday they have signed a supply agreement for sustainable aviation fuel (SAF), anticipating increasing “desire” from airlines to reduce emissions.- Joe Barone, Shale Directories
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- September 24, 2020
Shell, Microsoft allied to tackle carbon emissions
Royal Dutch Shell and Microsoft have announced a new alliance targeting the energy transition and need to reduce CO2 emissions, Kallanish Energy reports.- Joe Barone, Shale Directories
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- September 22, 2020
MPLX kicks off open season on Wyoming-Utah pipeline
MPLX has launched a binding open season to assess shipper interest in moving more crude oil from Wyoming to Utah, Kallanish Energy reports.- Joe Barone, Shale Directories
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- September 18, 2020
Digitalization making O&G companies a bigger target for hackers
As digitalization grows in the oil and gas industry, companies have become much more vulnerable to cyberattacks, particularly during the pandemic, GlobalData warned this week.- Joe Barone, Shale Directories
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- September 17, 2020
UK North Sea requires electrification to meet emissions targets: Rystad
Electrification of oil and gas operations in the UK Continental Shelf (UKCS) will play a vital role in efforts to achieve net zero emissions by 2050, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 16, 2020
Pennsylvania gas production up 11.4%: DEP
Pennsylvania produced an all-time record high volume of natural gas in 2019, despite fewer wells being drilled that year, according to the Department of Environmental Protection’s new annual report on oil and gas operations.- Joe Barone, Shale Directories
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- September 15, 2020
bp unveils transformation strategy, energy outlook
bp started on Monday the so-called bp Week, series of capital markets presentations over the next three days promoting its transformation from an international oil company (IOC) to an integrated energy company (IEC).- Joe Barone, Shale Directories
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- September 15, 2020
Nearly $14B in pipeline projects at risk: CEA
Delays, obstruction or cancellation of pipeline infrastructure in the United States are threatening pipeline infrastructure projects worth of at least $13.6 billion in economic activity, more than 66,000 jobs and more than $280 million a year on state and local tax revenues, Kallanish Energy reports.- Joe Barone, Shale Directories
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- September 15, 2020
Minnesota Senate ousts Commerce commissioner
The Republican-controlled Minnesota Senate has ousted state Commerce Commissioner Steve Kelley, in part because of his role in fighting the Enbridge Line 3 oil pipeline project, Kallanish Energy reports.- Joe Barone, Shale Directories
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- September 11, 2020
API reports knocks proposed ban on new federal O&G leases
A proposed ban on new federal oil and natural leasing on public lands and offshore would cost nearly 1 million American jobs, shift the United States to foreign energy sources, increase carbon dioxide emissions and reduce revenue to local governments and schools.- Joe Barone, Shale Directories
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- September 10, 2020
Maritime shipping to rely on fuel mix to reach carbon neutrality
Hard to decarbonize sectors such as maritime shipping will need to rely on a combination of tools to get to carbon neutrality by 2050, BW Group said Wednesday.- Joe Barone, Shale Directories
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- September 9, 2020
ExxonMobil makes new discovery offshore Guyana
ExxonMobil has announced its 18th offshore Guyana crude oil discovery at the Redtail-1 well, Kallanish Energy reports. That discovery will add to the 8 billion oil-equivalent barrels projected from the Stabroek Block.- Joe Barone, Shale Directories
- Blog
- September 4, 2020
UK to review offshore oil and gas licensing regime
The UK government said Thursday it will review its offshore oil and gas licensing policy as part of its strategy to achieve net zero emissions by 2050, Kallanish Energy reports.- Joe Barone, Shale Directories
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- September 4, 2020
China, US lead aviation fuel rebound: EIA
Consumption of U.S jet fuel on Aug. 16, 2020, was 43% of what had been consumed one year earlier, the U.S.- Joe Barone, Shale Directories
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- September 2, 2020
PetroChina becomes first NOC to announce carbon neutrality goal
PetroChina’s plans of a “near-zero” emissions ambition by 2050 shouldn’t be dismissed lightly, Wood Mackenzie’s principal analyst, Max Petrov said on Tuesday.- Joe Barone, Shale Directories
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- September 1, 2020
Chesapeake, FERC in fight over pipeline contracts
Chesapeake Energy wants to terminate a $300 million pipeline contract in its Chapter 11 bankruptcy proceedings, Kallanish Energy reports. That request has been opposed by pipeline giant Texas-based Energy Transfer.- Joe Barone, Shale Directories
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- September 1, 2020
BLM taking comments on Permian sand conveyor
The U.S. Bureau of Land Management has opened a public comment period for a proposed conveyor system on public lands to move sand for hydraulic fracturing (fracking) in the Permian Basin of West Texas and New Mexico, Kallanish Energy reports.- Joe Barone, Shale Directories
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- August 28, 2020
US chemical index rises 0.8% in July
The U.S. Chemical Production Regional Index rose by 0.8% in July, after a 1.6% decline in June and a 2.0% decline in May, Kallanish Energy reports.- Joe Barone, Shale Directories
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- August 28, 2020
Cycle Energy purchases Canadian O&G firm
Alberta-based Cycle Energy Industries has announced its acquisition of 100% of Energy Express Canada Corp., Kallanish Energy reports. Energy Express Canada, described as a junior oil and gas company in Alberta, can produce 100 to 150 barrels of oil per day using traditional recovery methods.- Joe Barone, Shale Directories
- Blog
- August 28, 2020
Equinor to cut operations in US, Canada, Britain
Norway-based Equinor has announced plans to curtail operations in the United States, Canada and Britain because of record low oil prices tied to the coronavirus pandemic and lower demand, Kallanish Energy reports.- 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
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- August 26, 2020
Covid-19 to unsettle long-term energy demand patterns
The Covid-19 pandemic will unsettle long-term energy consumption patterns and heighten oil and gas prices volatility, Moody’s Investors Service said in a report on Monday.- Joe Barone, Shale Directories
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- August 21, 2020
Groups sue Trump administration over Colorado drilling
Six climate and environmental groups have sued the Trump administration over plans to expand drilling and mining across 1.7 million acres of public lands in southwestern Colorado, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 18, 2020
Total, partners FID Phase 3 of Mero project in Brazil
France’s Total announced on Monday the Phase 3 of the Mero project, located offshore Brazil, has received a positive final investment decision (FID), Kallanish Energy reports.- Joe Barone, Shale Directories
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- August 14, 2020
Three US airlines using sustainable jet fuel
Neste has announced that it is supplying sustainable aviation fuel to three major U.S. airlines for flights from San Francisco, California, Kallanish Energy reports.- Joe Barone, Shale Directories
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- August 10, 2020
Frontera’s Q2 output down 42.7% on shut-ins, force majeure
Canadian-based, South American-focused oil and gas company, Frontera Energy, reported a 42.7% year-on-year decline in its hydrocarbons production during the second quarter of 2020.- Joe Barone, Shale Directories
- Blog
- August 7, 2020