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China’s gas demand to grow 10% this winter
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Featured

  • Joe Barone, Shale Directories
  • Blog
  • October 30, 2020

China’s gas demand to grow 10% this winter

Chinese demand for natural gas is expected to grow by 10% year-on-year this winter, as a Covid-19 recovery spurs higher residential and industrial consumption, state oil companies said on Thursday.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 30, 2020

Shell starts its new ‘era’ raising dividends

Royal Dutch Shell said Thursday it is starting a new era of dividend growth, as it announced a portfolio reshape to meet cleaner energy needs, Kallanish Energy reports.
Read More
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 29, 2020

Arctic LNG 2 inks 30-year charger agreements for LNG fleet

Novatek said on Wednesday Arctic LNG 2 has entered into long-term charter agreements on six Arc7 ice-class LNG tankers, three with Sovcomflot and three with Mitsui O.S.K.,
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 29, 2020

Chevron confirms layoff plans at Noble Energy

Chevron is set to lay off around 25% of Noble Energy’s employees who joined the supermajor after the Noble acquisition completed on October 5, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 28, 2020

Electricity transformation requires greater efforts, flexibility: IEA

As the world undergoes the “most dramatic” transformation in the electricity sector, industry and governments should pay close attention to evolving challenges, the International Energy Agency (IEA) said on Tuesday.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 28, 2020

Gazprom opens Europe’s largest natural gas filling station in Moscow

Russia’s Gazprom continues to expand its natural gas vehicle (NGV) business both home and abroad, with of one of Europe’s largest gas refuelling stations opening in Moscow on Tuesday.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 28, 2020

Dana Gas sells onshore Egyptian assets

Dana Gas has agreed to sell its onshore Egyptian producing oil and gas assets to IPR Wastani Petroleum for $236 million including contingent payments, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 28, 2020

bp sees 17% decline in gas production, prices in Q3

bp posted on Tuesday a 17% year-on-year decline in its natural gas production and realized gas prices during the third quarter of 2020, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 27, 2020

New York City tidal project begins service

Verdant Power has simultaneously installed three pilot tidal power turbines at its Roosevelt Island Tidal Energy Project site on the East River in New York City, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 27, 2020

Total joins EV charging trade body in Europe

Total said Monday it has joined the ChargeUp Europe alliance, which claims to be the voice of the electric vehicle (EV) charging industry in Europe, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 26, 2020

New York to transition seven peaker gas-fired power plants

The New York Power Authority is looking at renewables with battery storage and low-to-zero carbon emission technologies to meet the peak energy demands of New York City and Long Island, Kallanish Energy reports.
Read More
  • 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.
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.
Read More
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 23, 2020

Spanish natgas demand continues recovery: Enagas

Spanish natural gas demand continues to recover since a pandemic-induced collapse, and is expected to end 2020 higher than 2018 figures, according to grid operator Enagas.
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

PGNiG inks gas supply deal with Aker BP

Polish state oil and natural gas company, PGNiG, will supply Norweigan gas to Aker BP, under a contract starting this month, Kallanish Energy reports.
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
  • October 20, 2020

China boosts daily gas intake from Gazprom by 20%

China appetite for Russian gas is surging, with daily supplies from the Power of Siberia pipeline exceeding its contractual volumes by 20%, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 20, 2020

Wind, solar costs to further pressure coal/gas powergen in 2025: BNEF

Wind and solar energies are already the cheapest source of power generation in most places, and by 2025 it will be cheaper to build a new wind/solar farm than run an existing coal/gas-fired power plant.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 19, 2020

European wind plans must change to reach 2030 targets

A new report has found that wind energy can generate as much as 30% of Europe’s electricity by 2030, but government plans will need to change to achieve this target, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 19, 2020

Biden pins US manufacturing hopes on renewables, electric vehicles

U.S. Presidential candidate Joe Biden said last week the future of American manufacturing lies in renewable energy and electric vehicles, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 19, 2020

US LNG exports begin recovery in August

U.S. liquefied natural gas (LNG) exports increased 14.7% in August, as facilities shipped five more cargoes than the previous month, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 16, 2020

Canadian company buys Spanish solar assets

Q-Energy has announced the sale of 73 solar assets in Spain to Caisse de depot et placement du Quebec (CDPQ), a global institutional investor, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 16, 2020

New Fortress, Philippines sign LNG MoU

New York-based New Fortress Energy Inc. has signed a memorandum of understanding with the Philippine National Oil Co. to advance the development of infrastructure to supply natural gas to the Philippines, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 16, 2020

European EV market share to treble despite pandemic

Europe’s electric vehicles (EVs) market share is set to treble this year to 10%, despite the Covid-19 pandemic, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 16, 2020

EU sets actions to curtail methane emissions home and abroad

The European Union (EU) published on Wednesday its first strategy to tackle methane emissions since 1996, as part of its Green Deal and carbon-neutrality goals.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 15, 2020

LNG to fill natural gas shortfall after Covid-19: IEA

The International Energy Agency (IEA) expects liquefied natural gas (LNG) demand to meet shortfalls in global natural gas supply chain as a result of the Covid-19 pandemic, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 15, 2020

IGU welcomes IEA’s outlook on natural gas

The International Gas Union (IGU) has welcomed forecasts by the International Energy Agency (IEA) with regards to the outlook for natural gas worldwide, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 14, 2020

Energy demand, emissions, investments set to fall due to Covid-19: IEA

A new report from the International Energy Agency (IEA) has found global energy demand, emissions and investments are set to fall in 2020 due to the impact of the Covid-19 pandemic, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 14, 2020

Novatek’s natural gas production up in Q3

Russia’s largest independent gas producer, Novatek, has recorded a 4.5% year-on-year natural gas production volume during the third-quarter, Kallanish Energy reports. According to its Q3 preliminary operating data, released on Monday, total production reached 19.13 billion cubic meters (Bcm) of natural gas, including liquefied natural gas (LNG).
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 14, 2020

NAM halves Groningen’s gas production in last gas year

Natural gas production at the Netherlands’ Groningen field has halved in the past gas year, which ran from October 2019 until September 2020, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 13, 2020

US propane demand to offset production this winter: EIA

U.S. heating demand is set to more than offset propane consumption losses in the petrochemical sector, lifting total propane consumption by 50,000 barrels per day (Bpd) this winter.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 13, 2020

Gazprom hits new gas discovery in Yamal region

Russia’s state-owned natural gas giant, Gazprom, has made a new gas discovery in the Yamal region, Kallanish Energy learns from the company.
Read More
  • Joe Barone, Shale Directories
  • Blog, Natural Gas Prices
  • October 13, 2020

Henry Hub natgas spot prices heading up to $3/MmBtu: EIA

Henry Hub natural gas spot prices are expected to rise to $3.38 per million British thermal units (MmBtu) in January, according to the EIA’s latest Short-Term Energy Outlook (STEO).
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 9, 2020

Naturgy, Sonatrach settle tensions with new gas agreement

Spain’s Naturgy and Algeria’s Sonatrach announced Thursday a natural gas supply agreement after five months of “tough” negotiations, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 9, 2020

UK grants CO2 appraisal license to Eni

Eni announced Thursday it was granted a CO2 appraisal and storage license by the UK’s Oil and Gas Authority (OGA), Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 9, 2020

IEC claims Chevron stopped supply amid contractual dispute

Israel Electric Company (IEC) is accusing Chevron to have halted its natural gas supplies from the offshore Tamar field, keeping the country’s energy market as a “hostage.”
Read More
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 8, 2020

MSC favors hydrogen, biofuels in future shipping fuel mix

Global shipping company MSC said it favors the use of green hydrogen and other biofuels in the future shipping fuel mix, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 8, 2020

EBRD backs Greece’s biggest renewable project

The European Bank for Reconstruction and Development (EBRD) has backed Greece’s Hellenic Petroleum (HELPE) 18-solar farm project with a €75 ($88.2) million investment.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 7, 2020

Bolivian election will set the tone for natgas, lithium industries

The upcoming elections in Bolivia will be crucial for the development of industries such as natural gas and lithium in the country, Kallanish Energy learns.
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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 6, 2020

Vietnam clears ExxonMobil’s $5B LNG-to-power project

Vietnam has given ExxonMobil the green lights to proceed with the massive LNG-to-power project, estimated to cost $5.09 billion, Kallanish Energy reports.
Read More
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 5, 2020

Indian domestic gas price cut may lead to upstream losses

The reduction of domestic gas prices in India over the next six months could lead to losses for upstream businesses according to new analysis, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 5, 2020

US natural gas storage up 76 Bcf w-o-w

U.S. underground natural gas stocks rose by 76 billion cubic feet (Bcf) in the week ending September 27, Kallanish Energy learns from the U.S.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 2, 2020

BLM approves Mesa Wind Repower Project

The Bureau of Land Management has approved the Mesa Wind Repower Project in Southern California, Kallanish Energy reports. Brookfield Renewables plans to repower the 30-megawatt wind project that was built in the 1980s.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 2, 2020

Potential £6B savings from UK integrated offshore grid: National Grid ESO

A new report from UK grid operator National Grid ESO has found that an integrated approach offshore could save consumers approximately £6 billion ($7.7 billion) by 2050, Kallanish Energy reports.
Read More
  • 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 2, 2020

Army’s Fort Bragg to get floating solar project

The U.S. Army’s Fort Bragg will soon become home to the largest floating solar plant in the southeastern United States, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 2, 2020

Ohio sets Dec. 3 hearing on Madison Fields solar project

The Ohio Power Siting Board has scheduled a Dec. 3 virtual public meeting on a proposed solar project in Madison County, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 1, 2020

Santos clears final state hurdle on Narrabri gas project

Australian oil and gas company Santos was granted on Wednesday a phased-approval for its Narrabri gas project, by the New South Wales (NSW) Independent Planning Commission (IPC), Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 1, 2020

Global energy storage capacity to rise 31% annually to 2030: Wood Mackenzie

The world’s energy storage capacity is set to grow at a compound annual growth rate (CAGR) of 31% according to new research, Kallanish Energy reports.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • October 1, 2020

China plans major heating switch from coal ahead of winter

China’s winter anti-pollution campaign is targeting to switch heating away from coal in over 7 million households in the north of the country, 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.
Read More
  • Joe Barone, Shale Directories
  • Blog
  • September 30, 2020

Shell ethane cracker in Pa. is about 70% done

The ethane cracker being built in western Pennsylvania by Royal Dutch Shell is about 70% complete, although it is unclear when the $6 billion petrochemical complex might begin operations, Kallanish Energy has learned.
Read More
  • 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
  • September 29, 2020

US industrial natgas demand to shrink 4.4%

Natural gas demand for the U.S. industrial sector is falling amid slowing economy and is expected to contract by 4.4% this year, Kallanish Energy reports.
Read More

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