- Joe Barone, Shale Directories
- Blog
- July 7, 2020
Canada Supreme Court backs pipeline project
Canada’s Supreme Court has dismissed an appeal from British Columbia First Nation groups against expanding the Trans Mountain oil pipeline, 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 3, 2020
BP transfers key Alaskan assets to Hilcorp
There were no fireworks, but key Alaskan assets owned by BP have quietly transferred to Hilcorp as the $5.6 billion deal starts to close, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 3, 2020
Judge allows Enbridge to resume partial service on Line 5
A Michigan judge on Wednesday ruled that Enbridge can resume moving liquids through Line 5, a Midwest pipeline that had been shut down since June 25 due to damage to an underwater pipeline support.- Joe Barone, Shale Directories
- Blog
- June 30, 2020
CNOOC makes major discovery offshore China
China’s oil and gas company CNOOC announced on Monday a “significant” oil and gas condensate discovery off the South China Sea, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 29, 2020
Pennsylvania grand jury blasts DEP, DOH over fracking
The Pennsylvania Department of Environmental Protection and the Pennsylvania Health Department both failed to protect the public health during the state’s Marcellus Shale natural gas boom, according to a scathing new report from a state grand jury.- Joe Barone, Shale Directories
- Blog
- June 29, 2020
Chesapeake Energy seeks Chapter 11 reorganization
It’s been rumored for weeks, but Chesapeake Energy Corp. on Sunday filed for voluntary Chapter 11 bankruptcy protection to facilitate what it called a comprehensive balance sheet restructuring, Kallanish Energy reports The Oklahoma-based company was once the No.- Joe Barone, Shale Directories
- Blog
- June 29, 2020
California adopts first-ever rules on zero-emission trucks, buses
California has adopted new rules in a major move toward zero-emissions electric trucks and buses, Kallanish Energy reports. The California Air Resources Board has ordered the makers of medium-duty and heavy-duty commercial trucks to begin selling zero-emissions trucks by 2024.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 25, 2020
Firm hired to begin Keystone XL construction in Alberta
Michels Canada is poised to begin construction on the $8 billion Keystone XL oil pipeline in Alberta, while construction in the United States is still delayed by a court appeal, Kallansh Energy reports.- Joe Barone, Shale Directories
- Blog
- June 22, 2020
Asia to lead construction of new O&G pipelines by 2024
Asia is set to lead the global construction of new trunk/transmission oil and gas pipelines by 2024, holding a 36% of total estimated additions, consulting firm GlobalData said in a new analysis on Friday.- 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 17, 2020
ExxonMobil slashes Guyana oil output to control flaring rates
ExxonMobil has had to reduce its crude oil production in Guyana to avoid surpassing gas flaring limits imposed by the government, according to the country’s Environmental Protection Agency (EPA).- Joe Barone, Shale Directories
- Blog
- June 16, 2020
Chevron, Shell lead industry’s resilience at $30/Bbl Brent: WoodMac
Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie.- Joe Barone, Shale Directories
- Blog
- June 12, 2020
Colorado group scraps plan for new O&G setback vote
A grass-roots Colorado environmental group has scrapped plans to seek an anti-fracking ballot measure in 2020, Kallanish Energy reports. Colorado Rising had been exploring several ballot initiatives for Nov.- Joe Barone, Shale Directories
- Blog
- June 11, 2020
Shell resumes operations at Bajada de Añelo
Shell Argentina has confirmed activities at its Bajada de Añelo unconventional block, in the Vaca Muerta shale formation, were resumed on Tuesday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 10, 2020
Chesapeake Energy’s shares plunge on bankruptcy expectations
It was a strange 48 hours for Chesapeake Energy, once one the biggest natural gas producers in the United States, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 8, 2020
Premier Oil renegotiates terms for BP’s asset acquisition
Premier Oil said on Friday it has renegotiated terms for its proposed acquisition of some of BP’s assets in the UK North Sea, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 5, 2020
Denmark should ditch O&G exploration: report
Denmark’s energy ministry has been advised to cancel the country’s 8th oil and gas licensing round, in order to maintain its position as a climate-leading country, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 5, 2020
Eni restructures company to lead energy transition
Italian oil major Eni announced Thursday it will undergo a structural transformation in the coming weeks, to become “a leader in the energy transition,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 5, 2020
19 energy companies have filed for bankruptcy in 2020: law firm
Texas-based Gavilan Resources last month filed for Chapter 11 protection, saying it intends to sell its business and assets. It cited the coronavirus pandemic and the oil price rout along with an ongoing dispute with a joint venture partner in the Eagle Ford Shale in South Texas, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 4, 2020
Oklahoma regulators approve voluntary well shut-ins
Oklahoma regulators on Wednesday gave oil producers the legal liability protection to voluntarily shut-in wells as prices for oil remain under $40 per barrel, Kallanish Energy has learned.US rig count drops an additional 17 rigs: BH
The number of drilling rigs in the United States continued to plummet, Kallanish Energy reports. The total dropped by 17 in the count released last Friday by Baker Hughes, the Texas-based well services company.- Joe Barone, Shale Directories
- Blog
- June 1, 2020
Appeals court blocks Keystone XL construction
A federal appeals court has refused to lift the ruling of a Montana federal judge that blocks construction on the Keystone XL oil pipeline.- Joe Barone, Shale Directories
- Blog
- May 29, 2020
Enbridge starts underwater coating repairs on Line 5
Enbridge has announced that coating repairs on a section of the Line 5 liquids pipeline under the Straits of Mackinac in Michigan are under way, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 27, 2020
BP to halve top management to become ‘nimbler’
British oil major BP will more than halve its top management, as part of new CEO Bernard Looney’s plan to reinvent the company ahead of the energy transition.US, Canadian O&G rigs drop to new low
The U.S. and Canadian oil and gas rig count has fallen to a new record low on the week ending 22 May, Kallanish Energy learns from energy services firm Baker Hughes.BH rig count at lowest point since 1987: EIA reports
The number of drilling rigs in the United States is the lowest total on record since Baker Hughes starting counting rigs in 1987, according to the U.S.- Joe Barone, Shale Directories
- Blog
- May 22, 2020
North Dakota commission debates O&G production cuts
The debate over whether North Dakota should declare oil production with current low commodity prices a waste and limit production pitted the state’s No.- Joe Barone, Shale Directories
- Blog
- May 21, 2020
Total revises UK North Sea assets sale
French oil major Total said Wednesday it has rearranged financial terms of its sale of UK assets to NEO Energy, which includes the exit of Oman’s Petrogas from the deal.- Joe Barone, Shale Directories
- Blog
- May 19, 2020
Total walks away from Oxy’s Ghana asset deal
French oil major Total said Monday it’s walking away from the acquisition of Occidental Petroleum’s Ghana assets, after the Algeria deal was blocked, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 19, 2020
Equinor to start quarterly reports on US business results
Norway’s Equinor said Monday it will start reporting financial results for its U.S. business as a separate operating segment: Exploration and Production International.US, Canada rig counts continue to plummet: Baker Hughes
The number of drilling rigs in the United States continued to plummet in the latest count by Baker Hughes, the well services company.- Joe Barone, Shale Directories
- Blog
- May 18, 2020
Descalzi starts third term as Eni’s CEO
Italian oil and gas major Eni re-appointed Claudio Descalzi as its chief executive officer and general manager for his third term, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 15, 2020
Largest 2020 oil production cuts to come from US: IEA
Saudi Arabia has pledged to deliver an “extraordinary” production cut in June, but it’s the U.S. that will be the biggest contributor to global supply reductions, the IEA said Thursday.- Joe Barone, Shale Directories
- Blog
- May 15, 2020
Trump administration appeals ruling on Keystone XL Pipeline
As expected, the Trump administration is asking a federal appeals court to immediately overturn a lower court’s order blocking a streamlined water permit for the Keystone XL oil pipeline and other new oil and gas pipelines.- Joe Barone, Shale Directories
- Blog
- May 15, 2020
Total pipeline incidents drop by 17% from 2015 to 2019
Liquid pipeline incidents affecting people have declined 36% over the last five years, while pipeline mileage has grown by nearly 10% and barrels delivered increased nearly 35%, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 13, 2020
European O&G firms ‘overstating’ net-zero targets: study
European integrated oil and gas majors have made strong climate change commitments, but they are “overstated,” Kallanish Energy learns from a study on Tuesday.- Joe Barone, Shale Directories
- Blog
- May 12, 2020
No votes in Oklahoma on state help for O&G
Oklahoma regulators heard more than five hours of testimony on Monday but no votes were taken on two proposals to aid struggling oil and natural gas producers, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 11, 2020
Federal judge vacates BLM O&G leases in Montana
A federal judge has invalidated 287 oil and natural gas leases in Montana because the Bureau of Land Management (BLM) failed to comply with federal environmental regulations, Kallanish Energy reports.US rig count drops for eighth straight week: Baker Hughes
The number of drilling rigs in the United States continued to drop in the latest count by Baker Hughes, the well services company.- Joe Barone, Shale Directories
- Blog
- May 11, 2020
XOM, partners plan spending cuts at Sakhalin-1
ExxonMobil and partners are mulling cost cuts on their Sakhalin-1 project in Russia’s Far East due to current market conditions. Operator Exxon Neftegas Limited (ENL) reportedly said on Friday it’s adjusting its schedule and scope of certain activities.- Joe Barone, Shale Directories
- Blog
- May 11, 2020
Oil to become ‘accidental natgas savior’: BofA
Oil markets are driving a sense of optimism in the natural gas market “not seen in years,” according to analysts at the Bank of America Global Research.- Joe Barone, Shale Directories
- Blog
- May 8, 2020
Michigan needs more information from Enbridge on pipeline tunnel
Michigan regulators have asked Enbridge for more information on its application for a permit to build a pipeline tunnel under the Straits of Mackinac, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 8, 2020
EQT reports 1Q 2020 net loss of $167M
EQT has reported a first quarter 2020 net loss of $167 million or 65 cents per diluted share, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 8, 2020
Enbridge sees big drop in volumes on Mainline oil pipeline
Canadian pipeline giant Enbridge reported a first quarter 2020 net loss of $1.429 billion or 71 cents per common share, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 5, 2020
BOEM approves Cook Inlet survey by Hilcorp
The Bureau of Ocean Energy Management (BOEM) has issued a permit to Hilcorp Alaska LLC to conduct a geohazards survey in federal waters in Cook Inlet in south-central Alaska, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 1, 2020
Antero sticks with full-year 2020 production growth of 9%
Antero Resources is cutting its 2020 capital budget again and reducing drilling rigs in the Appalachian Basin. It also said it has deferred 20 well completions into 2021 due to low commodity pricing.- Joe Barone, Shale Directories
- Blog
- April 29, 2020
BP says it’s hard to forecast future outlook
BP said on Tuesday it’s hard to predict the “ultimate impact” of the coronavirus pandemic and when the current supply and demand imbalances will be sorted, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 28, 2020
WTI prices tumble over 20% on fragile market
U.S. crude oil prices tumbled over 20% on Monday after the United States Oil Fund (USO) announced it would sell all its futures contracts for June delivery over a four-day period.- Joe Barone, Shale Directories
- Blog
- April 24, 2020
KM reports $306M net loss, $950M impairment in 1Q
U.S. pipeline operator Kinder Morgan reported a first quarter 2020 net loss of $306 million or 14 cents per share, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 24, 2020
11 GOP senators seek changes in stimulus funding
Eleven Republicans in the U.S. Senate are supporting greater availability of stimulus funds for oil and gas companies, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 22, 2020
Asian refiners set to win in Saudi push for market share
Asian refiners are set to be the big winners in Saudi Arabia’s push for market share dominance in the region, Kallanish Energy learns from Wood Mackenzie on Tuesday.- Joe Barone, Shale Directories
- Blog
- April 22, 2020
IEA suggests Opec+ deepen, speed up supply cuts
The International Energy Agency (IEA) said on Tuesday the Opec+ should consider quicker, deeper production cuts to ease the turmoil in oil markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 22, 2020
Crude oil prices plunge on unchanged fundamentals
As WTI crude prices plummeted into a negative territory for the first time in history, downward pressure continued on Tuesday pushing both WTI and Brent future prices down.- Joe Barone, Shale Directories
- Blog
- April 21, 2020
WTI May futures hit -$40 amid storage crunch
U.S.’s West Texas Intermediate (WTI) futures for May delivery crashed to as low as -$40.32 a barrel on Monday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 21, 2020
Range Resources seeks changes in federal loan program
Range Resources and its supporters are asking the Trump administration to modify the Main Street Lending Program to help natural gas-producing companies in the Appalachian Basin recover from the coronavirus pandemic.- Joe Barone, Shale Directories
- Blog
- April 20, 2020