- 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 in the third quarter, from -0.6 in the second quarter.- Joe Barone, Shale Directories
- Blog
- October 4, 2019
BP names Bernard Looney as Dudley’s successor
BP’s board of directors announced today CEO Bob Dudley will retire on March 31, 2020 and will be succeeded by Bernard Looney – who currently heads BP’s Upstream, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 4, 2019
US crude oil exports continue growing in first half of 2019
U.S. exports of crude oil rose to average 2.9 million barrels per day (Mmbpd) in the first half of 2019, an increase of 966,000 b/d from the first half of 2018, the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- October 3, 2019
US O&G M&A maintains momentum in Q3: Enverus
Despite what’s called a “difficult” market, merger and acquisition activity in the U.S. oil and gas industry maintained the momentum established in Q2, surpassing $17 billion in Q3, according to data released by data analytics company Enverus.- Joe Barone, Shale Directories
- Blog
- September 30, 2019
Bloom, Samsung to build fuel cells-powered ships
Bloom Energy and Samsung Heavy Industries (SHI) last week announced a collaboration to design and develop ships powered by Bloom Energy’s solid oxide fuel cell technology, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 26, 2019
Dallas Fed survey: O&G activity contracts, employment falls
Energy sector activity declined in the third quarter, according to executives responding to the Federal Reserve Bank of Dallas Energy Survey, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 25, 2019
EIA projects world energy usage will jump
World energy consumption will grow by nearly 50% between 2018 and 2050, according to International Energy Outlook 2019, presented by the Energy Information Administration.- Joe Barone, Shale Directories
- Blog
- September 24, 2019
Natural gas royalties paid in Pa reach nearly $10B
Royalties paid to Pennsylvania landowners for natural gas extraction in primarily eight counties totaled $8.84 billion from 2010 through 2018, according to calculations by the state Independent Fiscal Office (IFO), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 24, 2019
Texas wind power on track to outpace coal in 2020
Texas is about to go green — by 2020, more electricity will come from wind than coal, according to analytics/consulting firm Rystad Energy.- Joe Barone, Shale Directories
- Blog
- September 23, 2019
Working gas added to storage in latest survey
The amount of working natural gas added to underground storage in the latest Energy Information Administration survey pushed the total stored working gas total over 3.1 trillion cubic feet (Tcf).- Joe Barone, Shale Directories
- Blog
- September 20, 2019
Duke Energy looks to renew nuclear plant licenses
Duke Energy said Thursday it will seek to renew the operating licenses of the 11 reactors it operates at six nuclear power plants in North and South Carolina for an additional 20 years, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 19, 2019
San Jose moves to ban natural gas in new residential buildings
The U.S.’s 10th most populous U.S. city Tuesday moved to ban natural gas in most new residential buildings, beginning next year, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 18, 2019
Venezuela can’t find vessels to ship its oil
Exports of Venezuelan crude oil, severely curtailed due to U.S. sanctions, now face a new concern: a shortage of vessels willing to transport crude produced by the regime of President Nicolas Maduro, Bloomberg reports.- Joe Barone, Shale Directories
- Blog
- September 17, 2019
US consumers will see ‘sticker shock’ at gas pump: analyst
U.S. gasoline prices will increase roughly 20 cents per gallon because of the recent attacks in Saudi Arabia, oil analyst Andy Lipow predicted Monday, on CNBC.- Joe Barone, Shale Directories
- Blog
- September 16, 2019
Trump authorizes release of oil reserves, line approvals
U.S. President Trump said Sunday he’s authorized a fast-track approach to pipeline approvals in Texas and other states following the attacks on Saudi oil facilities Saturday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 13, 2019
Osfs should prepare for recession, Rystad warns
The oilfield services (Ofs) sector will shrink in 2020, as oil and gas producers chop spending in response to lower crude prices, ending three years of growth, according to Rystad Energy.- Joe Barone, Shale Directories
- Blog
- September 12, 2019
US producible gas volume jumps in latest biennial survey
Energy industry experts who comprise the Potential Gas Committee announced Wednesday the volume of producible natural gas in the U.S. has jumped roughly 20% since their last assessment two years ago.- Joe Barone, Shale Directories
- Blog
- September 11, 2019
Iraq will comply with Opec cuts, minister says
Iraq will immediately comply with Opec production cuts after months of overproduction, its oil minister told CNBC Tuesday. The second-largest crude producer in the 14-member cartel is known to chronically overproduce even as the group tries to curb output to help prop up prices, Kallanish energy reports.- Joe Barone, Shale Directories
- Blog
- September 11, 2019
EQT simplifying organization, cutting 23% of workforce
EQT Corp. said Tuesday it’s cutting its workforce by 23% — 196 positions – and chopping departments to 15 from 58 – all designed to improve operational effectiveness, and create a more efficient, nimbler organization.- Joe Barone, Shale Directories
- Blog
- September 10, 2019
Eia: Florida shifts to natural gas for electricity
Florida is rapidly turning to natural gas to produce its electricity, Kallanish Energy reports. Florida has added 16 gigawatts of utility-scale natural gas-fired electric generation between 2008 and 2018, about 24% of all U.S.- Joe Barone, Shale Directories
- Blog
- September 9, 2019
More crude oil being loaded at Corpus Christi: RBN Energy
U.S. crude oil loadings at Corpus Christi, Texas, have nearly doubled with the completion of new pipelines from the Permian Basin of West Texas and New Mexico, Kallanish Energy has learned.- Joe Barone, Shale Directories
- Blog
- September 5, 2019
Novatek’s $21.3B Arctic LNG 2 officially launched
Novatek and its partners announced Thursday the final investment decision (FID) on the $21.3 billion Arctic LNG 2 project, with first liquefied natural gas (LNG) cargo expected in 2023, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 3, 2019
Saudi Arabia splits energy, industry ministry
Saudi Arabia has announced a reshuffling in its former most important ministry – the Energy, Mineral Resources and Industry Ministry – as the kingdom prepares for a transformational future, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 29, 2019
Plains gives up on pipeline steel surcharge
U.S. pipeline operator Plains All American has abandoned a plan to institute a surcharge to offset Section 232 steel tariffs for its new Cactus II Pipeline, following objections by ConocoPhillips and Encana, according to regulatory documents secured by Kallanish, sister publication of Kallanish Energy.- Joe Barone, Shale Directories
- Blog
- August 29, 2019
Power sector still the U.S.’s largest electricity consumer
Energy consumption in the U.S. reached a record high of more than 101 quadrillion British thermal units (quads) in 2018, surpassing the previous high recorded in 2007, by less than 0.3%, the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- August 28, 2019
Tallgrass acknowledges buyout proposal from Blackstone
Tallgrass Energy (Tge) LP late Tuesday evening said its general partner’s board has received a non-binding offer from Blackstone Infrastructure Partners to acquire all outstanding Class A shares in Tallgrass not already owned, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 28, 2019
Mexico reaches deal with pipeline operators on contracts
Mexican President Andrés Manuel López Obrador Tuesday announced a deal ending a standoff with four natural gas pipeline operators over contract prices, allowing them to avoid international arbitration, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 27, 2019
BP to depart Alaska in $5.6B deal with Hilcorp
The BP era in Alaska is ending. The London-based oil giant announced it intends to sell all of its Alaska operations and interests to Hilcorp for $5.6 billion, in a major shakeup of Alaska’s oil industry, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 27, 2019
Mexico near deal to resolve pipeline conflict
The administration of Mexican President Andrés Manuel López Obrador has reached a preliminary deal with four private pipeline companies to resolve a conflict over natural gas line contracts, people familiar with the talks told The Wall Street Journal.Working-rig count drops by biggest total in 4 months
The number of rigs working onshore in the Lower 48 U.S. states continues to fall, last week marking the eighth straight weekly drop, the 18th drop in the last 20 weeks – and the biggest one-week drop in four months, Kallanish Energy calculates.- Joe Barone, Shale Directories
- Blog
- August 23, 2019
Rosneft to switch to euros in oil products tenders: traders
Russian oil producer and exporter Rosneft has notified customers future tender contracts for oil products will be denominated in euros not dollars, five trading sources told Reuters.- 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 20, 2019
Natgas deliveries to US LNG export facilities set record
Natural gas deliveries to U.S. facilities producing liquefied natural gas (LNG) for export set a monthly record in July, averaging 6.0 billion cubic feet per day (Bcf/d) — 7% of the total 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 14, 2019
Trump claims credit for cracker plant during PA visit
President Trump boasted Tuesday afternoon about his administration’s efforts to “revive” the nation’s energy and manufacturing sectors during a visit to Royal Dutch Shell’s ethane cracker plant construction site in Beaver County, Pennsylvania.- 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
Pg&e evaluating proposal from hedge funds
Holding company Pg&e Corp. said Friday it’s evaluating a proposal from hedge funds Knighthead Capital Management and Abrams Capital Management to provide $15 billion in equity capital commitments supporting a plan to reorganize the company.- 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
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 6, 2019
US sets daily record for power sector natgas use
The U.S. likely set a new daily record on Friday, July 19, of 44.5 billion cubic feet (Bcf) of natural gas consumption by power plants, the Energy Information Administration 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
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
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 30, 2019
U.S. Lng exports to Europe rise as Asian demand falls
U.S. exports of liquefied natural gas reached a new peak of 4.7 billion cubic feet per day in May, according to the latest data from the U.S.- Joe Barone, Shale Directories
- Blog
- July 29, 2019
Neb says no federal scrutiny needed for gas line
TC Energy’s proposed Coastal GasLink pipeline to supply the LNG Canada project in northern British Columbia is not subject to federal regulation, Canada’s National Energy Board said Friday.- 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 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
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 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
Russia allocates $800M for LNG tankers
The Russian government has allocated nearly 50 billion Russian rubles ($800 million) to construct liquefied natural gas (LNG) carriers for the Arctic LNG 2 project, expected to start in 2023, Kallanish Energy understands.- 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