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Hydraulic Fracturing Equals Energy Security: A Ban Would Be Insane
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Crude Oil

  • Joe Barone, Shale Directories
  • Blog, Fracking
  • January 20, 2021

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.
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  • 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.]
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  • 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.
Read More
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog, Rig Count
  • October 26, 2020

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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog, Rig Count
  • October 19, 2020

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.
Read More
  • Joe Barone, Shale Directories
  • Blog, Rig Count
  • October 12, 2020

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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog, Rig Count
  • September 28, 2020

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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • 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.
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  • Joe Barone, Shale Directories
  • Blog
  • 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).
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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. 
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
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  • 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.
Read More
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • 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.
Read More
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • August 7, 2020

Brazil’s Buzios field sets new record production level

Brazilian state-run oil company Petrobras announced on Wednesday a new monthly production record in its pre-salt Buzios field, Kallanish Energy reports.
Read More
  • 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.
Read More

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