- Joe Barone, Shale Directories
- Blog
- January 27, 2020
Brazil won’t join Opec, wants to maximize output
Brazil, which became a net oil exporter in 2019, wants to expand its global energy markets footprint – but wants to do so without joining Opec, Bloomberg reports.- Joe Barone, Shale Directories
- Blog
- January 21, 2020
Crude rises as Libyan oilfields shut down
Crude oil prices rose to their highest level in more than week Monday after two large crude production bases in Libya began shutting down amid a military blockade, risking reducing crude flows from the Opec member.- Joe Barone, Shale Directories
- Blog
- January 21, 2020
Sinopec to review potential $16B Cheniere deal: sources
China’s Sinopec is planning to review terms of a potential $16 billion liquefied natural gas supply deal with Cheniere Energy, industry officials told Reuters.- Joe Barone, Shale Directories
- Blog
- January 16, 2020
Oil down slightly after US-China trade deal, US product build
Crude oil prices were down slightly Wednesday, pressured early by data showing big increases in U.S. refined products, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 14, 2020
Oil markets will have to rethink global supply predictions
There could be a reworking of oil market expectations regarding an “ample” global oil supply, Bahrain’s oil minister said Monday, despite expectations U.S.- Joe Barone, Shale Directories
- Blog
- January 13, 2020
Aramco raises IPO to record $29.4B by share over-allotment
Saudi Arabia-owned Saudi Aramco said Sunday it had exercised its over-allotment to sell an additional 450 million shares in the oil giant, raising the size of its initial public offering to a record $29.4- Joe Barone, Shale Directories
- Blog
- January 10, 2020
Oil falls as focus shifts from Iran tensions to US crude stocks
Crude oil prices fell further Thursday after sharp losses in the day-earlier session, as the market shifted its focus towards rising U.S.- Joe Barone, Shale Directories
- Blog
- January 10, 2020
Oxy soon to begin cutting jobs post-Anadarko takeover
Occidental Petroleum said Wednesday it would begin cutting personnel in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- January 9, 2020
Crude falls after Trump says Iran ‘appears to be standing down’
Crude oil prices continued to fall Wednesday after President Trump said Iran is standing down in the Middle East and the U.S.- Joe Barone, Shale Directories
- Blog
- January 8, 2020
Iran attacks US bases in Iraq
Iran retaliates the killing of Qasem Soleimani by firing more than a dozen ballistic missiles against U.S.-led coalition forces in Iraq, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 8, 2020
Shuttering coal plants saved 26,000 US lives: study
The decline of coal could be saving thousands of U.S. lives as power plants reduce air pollution by switching to natural gas, according to a study published Monday.- Joe Barone, Shale Directories
- Blog
- January 7, 2020
US shippers say they overpaid for rail transport, allege price fixing
The petrochemical/refining unit of the French energy major Total has joined 37 other big freight shippers in accusing the U.S.’s four biggest railroads of price fixing by adding fuel surcharges to cargo prices.- Joe Barone, Shale Directories
- Blog
- January 6, 2020
Tenaris closes $1.1B buy of pipemaking rival
Luxembourg-based steel pipe maker Tenaris said last week it’s closed the $1.07 billion acquisition of IPSCO Tubulars from Russian steelmaker TMK, becoming the largest steel pipe maker in North America, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 6, 2020
US O&G M&A poised for recovery: Enverus
A total of $96 billion of U.S. oil & gas merger and acquisition transactions took place in 2019, including $11 billion in the final three months of the year, according to data analytics firm Enverus.- Joe Barone, Shale Directories
- Blog
- January 3, 2020
Pemex’s plan to speed up drilling leads to re-bids
Efforts by Mexico’s national oil company, Pemex, to drill new wells at 20 “priority” fields largely using smaller, local service providers isn’t working, with the company expected to re-bid some of the work this year, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- December 27, 2019
Oil gains 1% on US-China deal expectations
Oil prices rose Tuesday in thin pre-Christmas trading after Russia said cooperation with Opec on supply cuts would continue and amid optimism the U.S.- Joe Barone, Shale Directories
- Blog
- December 23, 2019
Work on Nord Stream 2 may stop on Trump sanctions
Switzerland’s AllSeas Group SA said it would halt operations on the Nord Stream 2 natural gas pipeline from Russia to Germany, as President Trump approved sanctions targeting the project, Kallanish Energy learns.Fracking ban would gut US economy: study
By 2025, the price of gasoline would double and government revenue would plummet by almost $1.9 trillion, according to What If … Hydraulic Fracturing Was Banned?- Joe Barone, Shale Directories
- Blog
- December 19, 2019
McDermott, partners announce 1st cargo from Freeport Train 2
McDermott International and partners Chiyoda International Corp. and Zachry Group, announced Wednesday the first commissioning cargo of liquefied natural gas (LNG) has been shipped from Train 2 of the Freeport LNG project, on Quintana Island in Freeport, Texas.- Joe Barone, Shale Directories
- Blog
- December 19, 2019
Crude Oil down slightly after smaller-than-expected US inventory fall
Crude oil prices slightly fell Wednesday after Energy Information Administration data showed a decline in crude inventories and on expectations for an increase in demand in 2020 due to progress in resolving the U.S.-China- Joe Barone, Shale Directories
- Blog
- December 13, 2019
County plans to fight California’s anti-oil plan
At least one California county is prepared to take on Gov. Newsom and his plan to shrink and possibly phase out California’s oil industry, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- December 12, 2019
Crude oil falls on surprise US inventory build
Crude oil prices dropped roughly 1% Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a new round of tariffs by Washington on Chinese goods would come into force Sunday.- Joe Barone, Shale Directories
- Blog
- December 11, 2019
Chevron hints at divesting Appalachian assets
Chevron hinted Tuesday its Appalachian shale assets could soon be up for sale, along with other parts of its asset portfolio, as the oil supermajor moves to “invest in the highest return, lowest risk projects … ,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 11, 2019
XOM beats New York’s climate-change accounting case
New York state’s Attorney General failed to prove ExxonMobil (XOM) mislead shareholders over the true cost of climate change, a judge ruled Tuesday, ending the supermajor’s four-year battle against the state, Kallanish Energy reports.US working-rig count continues to slip
The number of rigs working onshore in the Lower 48 U.S. states last week fell by three for the second straight week, data from Baker Hughes Co.’s- Joe Barone, Shale Directories
- Blog
- December 9, 2019
US crude posts best week since June, on Opec+ news
Crude oil rose Friday as Opec+ agreed to raise production cuts another 500,000 barrels a day through March 2020, bringing total production cuts to 1.7- Joe Barone, Shale Directories
- Blog
- December 8, 2019
US working gas in storage falls for 3rd straight week
The volume of working natural gas pulled from storage in the latest Energy Information Administration weekly survey dropped for the third consecutive week.- Joe Barone, Shale Directories
- Blog
- December 6, 2019
Oman to support Russia’s condensate plans
Oman plans to back Russia’s expected call to exclude condensates from their production quota set under the Opec+ agreement, an official said on Thursday.- Joe Barone, Shale Directories
- Blog
- December 6, 2019
MVP suspends pipeline construction contract
In late November, the company behind the Mountain Valley natural gas pipeline cancelled the construction contract with a Texas firm that had been doing the work, Kallanish Energy has learned.- Joe Barone, Shale Directories
- Blog
- December 6, 2019
State report implicates PG&E in deadly Camp Fire
Pacific Gas & Electric Co. failed to properly maintain its towers and electric service wires and was directly responsible for the deadly Camp Fire that killed 85 people and burned over 150,000 acres in northern California, according to a new report by state investigators.- Joe Barone, Shale Directories
- Blog
- December 5, 2019
Oil up on eve of Opec meeting
Crude oil gained roughly 4% Wednesday, as a larger-than-expected drop in U.S. inventories and hopes of deeper production cuts from Opec+ lifted prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 2, 2019
Russian tanker heads to Spain with US LNG cargo
A Russian tanker was loaded last week with liquefied natural gas at Cheniere Energy’s Sabine Pass terminal in western Louisiana, and bound for the Spanish terminal of Huelva, Reuters reports, based on data from Refinitiv Eikon.- Joe Barone, Shale Directories
- Blog
- November 29, 2019
Steel players in energy face challenging 2020
The new year will likely be challenging for steel players in the energy sector, market sources tell Kallanish, sister publication of Kallanish Energy.- Joe Barone, Shale Directories
- Blog
- November 27, 2019
US energy-related CO2 emissions rose in 2018
Total U.S. energy-related carbon dioxide emissions in 2018 rose to 5.27 billion metric tons, 2.7% more than its 2017 level, the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- November 22, 2019
XOM raises assets sales with $25 billion plan: sources
ExxonMobil (XOM) is enlarging its biggest asset sale in decades, with plans to divest up to $25 billion of gas and oilfields in Europe, Asia and Africa, banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- November 19, 2019
Mexico’s latest gut punch to investors upends wind, solar aid
Mexico’s president is tearing down a system to encourage renewable-power development, dealing another gut punch to efforts to attract private investment to the nation’s energy sector, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- November 19, 2019
Jordan Cove terminal would have ‘significant’ impacts: report
The proposed Jordan Cove liquefied natural gas export facility and its 230-mile feeder pipeline in Southern Oregon would cause adverse and significant impacts if built, according to Federal Energy Regulatory Commission staff, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 18, 2019
Noble drops-down midstream assets for $1.6B
Independent producer Noble Energy said Friday after concluding its midstream review, it will retain and increase its ownership in Noble Midstream Partners (NBLX), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 18, 2019
Cove Point loads 100th commercial ship
Dominion Energy’s Cove Point LNG terminal loaded its 100th commercial liquefied natural gas ship on Monday, Nov. 11, 19 months after the facility entered commercial service for natural gas liquefaction and export, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 11, 2019
Aramco will offer less than 1% of shares to individuals
Saudi Aramco will sell up to 0.5% of its shares to individual investors in what could be the largest initial public offering in history, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 7, 2019
O&G majors may benefit from offshore wind synergies: Fitch
Oil and gas majors may benefit from investments in offshore wind energy, and the resulting synergies with their offshore hydrocarbon production, Fitch Ratings said.XOM says banning fracking will aid foreign producers
Banning hydraulic fracturing in the U.S. will aid foreign oil producers at the expense of the American economy, an ExxonMobil (XOM) executive said Friday.- Joe Barone, Shale Directories
- Blog
- November 4, 2019
Stored gas more than half-Tcf higher than year ago
The volume of working natural gas added to storage in the latest Energy Information Administration weekly survey rose by 89 billion cubic feet, bringing this year’s total to more than a half-trillion cubic feet higher than one year ago.- Joe Barone, Shale Directories
- Blog
- November 1, 2019
XOM didn’t deceive investors on climate change: Tillerson
ExxonMobil’s leadership tried to understand how new climate regulations would impact the supermajor’s bottom line, former CEO and ex-Secretary of State Rex Tillerson told a court Wednesday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 31, 2019
Years of offshore investments could be worthless: Rystad
International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 30, 2019
Aramco to begin planned IPO on Nov. 3: sources
Saudi Aramco aims to announce the start of its initial public offering on Nov. 3, three people with direct knowledge of the matter told Reuters, after delaying the deal earlier this month to give advisers time to secure anchor investors.- Joe Barone, Shale Directories
- Blog
- October 29, 2019
EPD’s oil pipeline system expansions to add 900,000 Bpd
Enterprise Products Partners (EPD) said Monday it expects its Midland-to-ECHO 3 and 4 Permian crude pipeline system expansions each will add roughly 450,000 barrels per day of additional capacity, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 28, 2019
Offshore wind set to be $1T business by 2040: IEA
Offshore wind should become a $1 trillion business by 2040, the International Energy Agency (IEA) said Friday, with global capacity set for a 15-fold increase, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 24, 2019
Trump hails shale drilling, US energy industry
PITTSBURGH, Pennsylvania — President Trump Wednesday celebrated a love-in in the Appalachian Basin. The president delivered a 64-minute salute to shale drilling and the U.S.- Joe Barone, Shale Directories
- Blog
- October 22, 2019
Aramco delays planned IPO until post-earnings update
Saudi Aramco has delayed the planned launch of its initial public offering in hopes pending third-quarter results will raise investor confidence in the world’s largest oil firm, two sources familiar with the matter told Reuters.- Joe Barone, Shale Directories
- Blog
- October 16, 2019
Northeast natgas spot prices fall as lines fill
Natural gas flows out of the Northeast region into the rest of the U.S. averaged more than 16 billion cubic feet per day (Bcf/d) during September — between 1 Bcf/d and 2 Bcf/d more than in previous months, according to data from analytics firm Genscape.- Joe Barone, Shale Directories
- Blog
- October 15, 2019
Oil replacement rate hits 20-year low
Oil and natural gas companies have discovered 7.7 billion barrels of oil-equivalent (Bboe) year-to-date, according to Rystad Energy’s latest global discoveries report, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- October 14, 2019
India investing over $60B in gas supply, infrastructure
India is investing over $60 billion in natural gas supply and distribution infrastructure as it seeks to more than double the share of natural gas in its energy base, to 15% by 2030, oil minister Dharmendra Pradhan said Sunday.- Joe Barone, Shale Directories
- Blog
- October 10, 2019
Halliburton cutting 650 jobs in US
Oilfield services giant Halliburton said Wednesday it’s cutting another 650 U.S. jobs as oil and gas producers have slashed spending amid weak prices and investor demands for stronger financials, Reuters reported.- Joe Barone, Shale Directories
- Blog
- October 10, 2019
Bloomberg’s plan ‘irresponsible,’ BP CEO
Retiring BP chief executive Bob Dudley believes former New York City Mayor Michael Bloomberg’s $500 million plan to halt construction of natural gas-fired power plants in the U.S.- Joe Barone, Shale Directories
- Blog
- October 9, 2019
US natgas production to rise in 2019, 2020: STEO
The Henry Hub natural gas spot price averaged $2.56 per million British thermal units (MMBtu) in September, up 34 cents/MMBtu from August, the first monthly price increase since March, the Energy Information Administration reports in the just-released Short-Term Energy Outlook (STEO).- Joe Barone, Shale Directories
- Blog
- October 9, 2019
Brent to average $60/Bbl in 2020: STEO
Brent crude oil spot prices will average $59 per barrel in the fourth quarter of 2019, then fall to $57/Bbl by the second quarter of 2020, $5/Bbl lower than forecast one month ago, the Energy Information Administration reported Tuesday in its October Short-Term Energy Outlook (STEO).- Joe Barone, Shale Directories
- Blog
- October 8, 2019
Third-quarter energy sector activity drops: Dallas Fed
Third-quarter energy sector activity declined, according to the Federal Reserve Bank of Dallas quarterly energy survey, Kallanish Energy reports. The business activity index — the survey’s broadest measure of conditions facing 11th District energy companies — fell to -7.4- Joe Barone, Shale Directories
- Blog
- October 4, 2019