- Joe Barone, Shale Directories
- Blog
- April 3, 2020
EnLink Midstream lays off 20% of employees
U.S.’s pipeline operator EnLink Midstream has reportedly laid off 20% of its workforce, or around 300 employees, due to current market conditions.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Cheniere seeks to have Midship pipeline online by April
Cheniere Energy has asked the U.S. Federal Energy Regulatory Commission (FERC) to put its Midship natural gas pipeline into service “no later than April 17,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
France grants 1,700MW of new solar, wind capacity
French ecology ministry has approved 1,700 megawatts (MW) of new renewables capacity, along with other measures to support the sector amid the coronavirus crisis.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Saudis, Russians may cut back supply by 10 Mmbpd: Trump
U.S. President Donald Trump said Thursday he expects Saudi Arabia and Russia will find a compromise and cut back roughly 10 million barrels of crude supply, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Worldwide solar installation to drop 16% in 2020: IHS Markit
Solar installations worldwide are likely to drop by 16% in 2020 and a rapid solar recovery this year is unlikely, according to a new report by IHS Markit.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
M&A activity collapsed in first quarter 2020: Enverus
Merger and acquisition activity largely collapsed in the first quarter of 2020, according to a new report from Texas-based Enverus. Such activity was very slow, even before the coronavirus hit and the crude oil price war between Saudi Arabia and Russia that is impacting U.S.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Global Venture’s Louisiana LNG passes string test in Italy
Venture Global LNG has announced a successful string test for the first mixed refrigerant compression system for its Calcasieu Pass LNG facility in Louisiana, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Air Products acquires five hydrogen plants for $530M
Pennsylvania-based Air Products has reached an agreement to buy five hydrogen steam methane reformer plants from New Jersey-based PBF Energy for $530 million.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
Global natgas sector faces unpredictable year: WoodMac
Global natural gas sector faces an unpredictable year with potential for U.S. LNG shut-ins, historically low prices in Asia and Europe, as well as a boost in coal-to-gas shift in Asia, Wood Mackenzie said on Wednesday.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
BP won’t fire employees in next three months: CEO
BP will not lay off any of its employees in the next three months as result of coronavirus-related cost cutting, its CEO said on Wednesday, while announcing a 25% capex reduction.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
BP slashes capex, cuts US onshore activities
British oil major BP said Wednesday it will slash organic capex by 25% to protect its financial health, in response to the Covid-19 pandemic and ongoing market disruption, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
Whiting Petroleum first major shale victim of oil price crash
U.S. based Whiting Petroleum Corporation on Wednesday became the first large shale company to file for bankruptcy protection, after falling victim of the crash in oil prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
Texas wind project gets tax equity commitment
A California-based company has announced that it has secured a tax equity commitment from a consortium led by GE Energy Financial Services for a wind project in North Texas, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 1, 2020
Eni kick starts wind project in Kazakhstan
Italian oil major Eni has commenced commercial operations at its first large-scale wind power investment, producing 48 megawatts (MW) of the renewable energy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 1, 2020
Trump administrations to weaken US vehicle fuel standards
The Trump administration is rolling back fuel efficiency standards for cars and trucks in what many see as major victory for the oil and gas industry.- Joe Barone, Shale Directories
- Blog
- April 1, 2020
CNOOC starts production drilling in Bozhong gas field
China National Offshore Oil Corporation (CNOOC) has reportedly kicked off production drilling in the Bozhong 19-6 gas discovery in Bohai bay, with a view to drill seven wells.- Joe Barone, Shale Directories
- Blog
- April 1, 2020
PGNiG wins court battle against Gazprom
Polish state gas company PGNiG has celebrated a “victory” against Russian gas giant Gazprom, as the Stockholm Arbitration Tribunal rules in its favor, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
US energy tube imports spike in March: Preston
U.S. oil country tubular good (OCTG) imports appear to have surged in March, which an analyst at Preston Pipe notes that this, “couldn’t come at a worse time.”- Joe Barone, Shale Directories
- Blog
- March 31, 2020
European LNG imports to hit all-time high in May
European liquefied natural gas (LNG) imports are set to hit an all-time high in March, as the region absorbs global oversupply at a time of declining demand, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
Permian output already a ‘victim’ of oil price war: GlobalData
The Permian Basin will see the largest effects of capex cuts on production, compared to all other U.S. unconventional plays, Kallanish Energy learns from a GlobalData analyst.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
US gas-fired electricity up by 12% this year: EIA
Natural gas-generated electricity in the United States has grown by 12% year-on-year in 2020, according to the U.S. Department of Energy and its Energy Information Administration.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
Shell exits Lake Charles LNG project in Louisiana
Shell announced on Monday it is exiting a proposed liquefied natural gas (LNG) facility in Lake Charles, Louisiana, citing current market conditions, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 30, 2020
Gazprom to start pre-investment works on Power of Siberia 2
Russia’s President Vladimir Putin has authorized state gas giant Gazprom to proceed with the pre-investment phase of the Power of Siberia 2 gas pipeline, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 30, 2020
Gazprom ‘optimistic’ for European gas market in H2: CEO
Gazprom said last week it’s “optimistic” about the second half of the year, despite the downturn trend global gas markets are facing, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 30, 2020
BP, green investors to draft joint climate resolution
British oil major BP said Friday it will work on its climate change resolution together with green shareholders group Follow This, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 30, 2020
UK’s Hurricane confirms Covid-19 case in oil platform
UK’s independent E&P Hurricane Energy said Friday a crew member has been evacuated from its offshore platform in the west of Shetlands area and tested positive for Covid-19.- Joe Barone, Shale Directories
- Blog
- March 30, 2020
Asia LNG spot prices drop again as India starts lockdown
Asian spot liquefied natural gas (LNG) prices have dropped to below $3 per million British thermal units (MmBtu) again, as force majeures in India increase supply on the spot market.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Moody’s lowers Henry Hub gas price forecast 📉
Moody’s Investors Services announced on Thursday it has reduced its medium-term price band for Henry Hub natural gas by 25 pences, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Petrobras cuts production by 3%, slash investments
Brazilian state-run oil company Petrobras said on Thursday it reducing production by 100,000 barrels per day by month-end in a response to the oil price shock and the impacts of Covid-19.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
UK’s piped gas imports down 28% in 2019
UK’s pipeline imports of gas dropped 28% in 2019 to its lowest level in 12 years, as imports of liquefied natural gas (LNG) more than doubled, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Halliburton, Gazprom Neft to cooperate in Siberia
Russian oil company Gazprom Neft and U.S. oilfield service company Halliburton signed a memorandum of understanding to develop a technology cooperation program, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Gazprom isolates 20 workers over coronavirus fears
Russian gas giant Gazprom said on Thursday it has 20 workers isolating at Bovanenkovo gas field, after being in contact with a person who tested positive for Covid-19.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Indian LNG buyers serve suppliers with force majeure: report
Indian liquefied natural gas (LNG) buyers have reportedly declared force majeure on imports following the nationwide 21-day country lockdown. Citing unnamed sources, Reuters reported on Thursday Petronet LNG, GAIL and GSPC had issued force majeure to suppliers, including Qatargas.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Origin halts shale exploration in northern Australia
Australia’s Origin Energy said Thursday it will halt shale exploration activities temporarily in Northern Territory due to the coronavirus pandemic, Kalanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
US disaster declarations hit oilfield states
U.S. President Donald Trump has approved disaster declarations for four states in the last two days as part of the ongoing Covid-19 pandemic, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Court backs ACE review of Bayou Bridge Pipeline
A federal judge in Louisiana has ruled that the environmental review of the Bayou Bridge Pipeline by the U.S. Army Corps of Engineers (ACE) was sufficient, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Energy Transfer gets Pa. waivers for Mariner East 2 work
Pennsylvania has approved six waivers to allow Energy Transfer and subsidiary Sunoco to continue construction on its Mariner East 2 pipelines, Kallanish Energy reports The waivers, approved on Wednesday, allow the company to continue working at 15 construction sites across the state.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
South Dakota toughens up on pipeline rioters
South Dakota Gov. Kristi Noem has signed legislation to toughen the state’s riot laws with criminal and civil penalties for those who urge rioting against pipeline projects, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
Eni announces 2020-2021 plan revision
Italy’s oil major Eni said Wednesday it has concluded a revision of planned activities and will slash its 2020 capex by 25%, with deeper reductions the following year, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
Sinopec Oilfield Service lifts 2020 capex by 18%
China’s Sinopec Oilfield Service Corporation (SSC) said on Tuesday it will increase its capex this year by 18.4% year-on-year, despite the current market outlook, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
Santos defers FID on Barossa gas project
Australian oil and gas producer Santos will defer the final investment decision (FID) on the Barossa gas project due to uncertain and challenging market conditions, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
Equinor halts US onshore activities in $3B cut plan
Equinor has halted all its U.S. onshore activities as part of its $3 billion “action plan” to strengthen its resilience amid current market conditions, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Ineos delays shutdown of Forties pipeline
Ineos FPS confirmed on Tuesday it will delay its planned summer shutdown of the Forties Pipeline System at Cruden Bay and at the Unit platform due to the coronavirus pandemic.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Golar Power to start Brazil’s 1st LNG-to-power station
Brazilian electricity regulator Aneel has given the go-ahead for the start of commercial operations at the country’s first integrated LNG-to-power project, developer Golar Power said this week.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Market conditions threaten US petchem projects
The U.S. and global chemical investment wave is set to slow “considerably” in the coming years, as companies slash their capex to preserve cash, ICIS said this week.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
UK to receive two LNG cargoes by month-end
The UK is set to receive two cargoes of liquefied natural gas (LNG) from Royal Dutch Shell and Qatar Petroleum-owned plants in the last week of the month, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Ineos to build hand sanitizer factories in 10 days
UK’s chemical company Ineos announced Tuesday it will build a plant near Middlesbrough, England, to produce 1 million bottles per month of hand sanitisers within 10 days.- Joe Barone, Shale Directories
- Blog
- March 24, 2020
Shell seeks $9B cuts to ensure resilience
Royal Dutch Shell announced on Monday it will trim spending by around $9 billion to reinforce its financial strength and resilience, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 24, 2020
Covid-19 highlights key role of electricity, clean energy: IEA
The coronavirus crisis is causing havoc across the globe and has highlighted how much modern societies rely on electricity, the International Energy Agency (IEA) said on Monday.- Joe Barone, Shale Directories
- Blog
- March 24, 2020
North Sea can survive the price rout: WoodMac
The North Sea can survive the ongoing storm in the oil and gas industry in the short-term, principal analyst at Wood Mackenzie Neivan Boroujerdi said on Monday.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Gas prices to remain low over the next two years: Fitch 📉
Fitch Ratings has trimmed its natural gas price forecasts both for the U.S. and European benchmarks on the back of “very large” market oversupply, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Fitch cuts 2020 Brent price forecast by $21.50/Bbl 📉
Fitch Ratings revised down its short- and medium-term forecasts for crude oil prices, as the market is expected to be “massively oversupplied” in 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Global gas flaring reaches 4.6 Tcf in 2019: GlobalData
Oil and gas producers have flared over 4.6 trillion cubic feet (Tcf) of natural gas globally in 2019, foregoing as much as $24 billion in revenues, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
ConocoPhillips to cut 2020 capex by $750 million
ConocoPhillips has announced it’s cutting its operational capital expenditure by $700 million this year in response to the recent oil market downturn, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Struggling Gulfport Energy seeks restructuring help
Gulfport Energy, a major natural gas producer in the Appalachian Basin, has hired an investment bank as a debt restructuring adviser, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Wintershall Dea’s production up 9%, costs down 20%
German independent gas and oil producer Wintershall Dea reported this week a 9% increase on its output in 2019 and a 20% reduction on its production costs, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Eni plans ‘strong’ cut to capex, cancels share buyback
Italian oil major Eni said on Wednesday it has cancelled its share buyback program, lowered its forecast for Brent crude and is revising its spending plans, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 19, 2020
Oil tumbles to 18-year low amid Covid-19, price war
Crude oil prices continued the free fall on Wednesday, with West Texas Intermediate futures declining dropping to $22.63 a barrel, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 18, 2020