- 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
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
3.7 magnitude earthquake shakes parts of Oklahoma
No injuries were reported after a 3.7 magnitude earthquake was recorded in eastern Oklahoma Sunday, Kallanish Energy learns. The U.S. Geological Society (Usgs) said the earthquake was reported at 4:07 a.m.- Joe Barone, Shale Directories
- Blog
- August 20, 2019
U.S. Breaks Records to Become Global Leader in Oil and Natural Gas Production
The U.S. energy revolution that’s taken place since 2000 catapulted the country to become the global leader in petroleum, including oil, and natural gas production in 2018, according to a recent report from the Energy Information Administration: “Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production increases from a single country in history.” 📊 BREAKING RECORDS: The United States leads the world in petroleum and natural gas production, smashing records last year.- Joe Barone, Shale Directories
- Blog
- August 19, 2019
Annual US refinery runs projected to fall for 1st time in decade
U.S. gross inputs to refineries, aka, refinery runs, have increased each year since 2009, most recently reaching a record high of 17.3 million barrels per day (Mmbpd) in 2018, Kallanish Energy reports.- 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 15, 2019
U.S. looks to seize tanker held in Gibraltar
The U.S. Department of Justice applied today to seize the Iranian tanker held in Gibraltar after it was accused of carrying Iranian crude bound for Syria, violating EU sanctions.- 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 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
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 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 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 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
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 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 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
Transportation uses most petroleum in US: EIA
Petroleum, including crude oil and refined products such as gasoline, diesel, and propane, is the largest primary source of energy consumed in the U.S., accounting for 36% of total energy consumption in 2018, the Energy Information Administration reports.- 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
OPEC output lowest since 2011: survey
Opec crude oil output hit an eight-year low in July as a larger voluntary cut by Saudi Arabia deepened losses caused by U.S.- 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
- August 1, 2019
US crude production continues setting monthly records
U.S. crude oil production in each of the first five months of 2019 increased over 2018 levels, with April 2019 establishing a new monthly record, the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- August 1, 2019
Iran ready to export gasoline, natgas if can’t export crude
With U.S. sanctions on its crude oil seriously crimping exports, Iran has turned to gasoline and natural gas exports to boost its economy.- 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 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
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
Conservation groups seek action on dunes sagebrush lizard
Conservation groups have filed a notice to sue the Trump administration for failing to protect the dune sagebrush lizard in the Permian Basin, 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
Owner of damaged Philly refinery files for Chapter 11
PES Energy, owner of the South Philadelphia oil refinery that suffered a massive fire and explosions last month, has filed for Chapter 11 bankruptcy, Kallanish Energy reports.- 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
Crudes up more than 1% after Iran seizes British tanker
Brent and West Texas Intermediate crudes rose more than 1% Monday, as investors worried about possible supply disruptions in the Middle East after Iran’s seizure of a British tanker last week, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 19, 2019
WildFire Energy I receives over $1B in equity commitments
WildFire Energy I, a startup oil and gas exploration and production company, said Thursday it’s assembled an equity line totaling more than $1 billion from management, funds affiliated with private equity fund Warburg Pincus and investment firm Kayne Private Energy Income Funds.- Joe Barone, Shale Directories
- Blog
- July 18, 2019
Crude oil slips after US fuel inventories grow
Crude oil futures fell Wednesday, extending a more than 3% drop in prices durting Tuesday’s session, after U.S. government data showed large builds in refined product stockpiles, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 18, 2019
Surge completes Permian’s longest-known lateral
Surge Energy US Holdings Co.’s Moss Creek Resources Holdings unit has completed what’s believed to be the longest lateral in the Permian Basin, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 17, 2019
China’s June crude throughput rises to record
China’s crude oil throughput rose to a record in June, up 7.7% from a year earlier, following the start-up of two new refineries, official data showed, Reuters reported.- Joe Barone, Shale Directories
- Blog
- July 17, 2019
Oil drops after Pompeo says Iran ready to negotiate
Crude oil prices dropped more than $2.45 a barrel Tuesday, as President Trump said progress has been made with Iran, signaling tensions could ease in the Mideast, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 16, 2019
Longhorn launches open season for Touchdown crude system
Longhorn Midstream Holdings announced Monday its LM Touchdown Crude II LLC unit launched a binding open season to support development of its Touchdown Crude Oil Gathering System in the Northern Delaware Basin, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 15, 2019
Iea expects new crude glut in 2020
The International Energy Agency said in its July report released Friday it expects a new glut of crude oil in 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 15, 2019
The Permian is the ‘swing producer in the world’: Souki
While predicting crude oil price swings is risky business, liquefied natural gas export player and Tellurian chairman Charif Souki said last week the Permian Basin in West Texas/southeast New Mexico is the world market’s gatekeeper, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 15, 2019
Bellville Tube to reopen after 5-year hiatus
A Bellville, Texas, tube mill idled in 2014, is being restarted under new ownership, a company press release tells Kallanish, sister publication of Kallanish Energy.California governor fires state’s top oil regulator
California Gov. Gavin Newsom Thursday ordered his secretary of Natural Resources to fire Ken Harris, the state’s top oil regulator, after learning from media reports and watchdog groups fracking permits have doubled without his knowledge since he took office, and seven supervisors regulating the industry own shares in major oil companies.- Joe Barone, Shale Directories
- Blog
- July 11, 2019
U.S. Crude Oil Production Reaches Another Milestone
On the heels of news in April that Texas and New Mexico’s Permian Basin is the highest producing oilfield in the word, we now know that the United States hit another record that same month, thanks in large part to production in that region.- Joe Barone, Shale Directories
- Blog
- July 11, 2019
Wti crude climbs $1/Bbl in 2020: Steo
West Texas Intermediate crude oil prices will average $62 a barrel in the second half of 2019, and $63/Bbl in 2020, the Energy Information Administration projects in the just-released Short-Term Energy Outlook (Steo), Kallanish Energy reports.Working-rig total slips slightly
The number of rigs working onshore in the Lower 48 U.S. states dipped slightly last week, the fourth week in the last five where the working-rig total has fallen, data from Baker Hughes, a GE company, reveals.- Joe Barone, Shale Directories
- Blog
- July 5, 2019