- Joe Barone, Shale Directories
- Blog
- May 23, 2019
UPS trucks in to fuel up with renewable natural gas
International shipping giant UPS said Wednesday it’s buying 170 million gallon-equivalents of renewable natural gas from California-based gas provider Clean Energy Fuel by 2026 — the largest commitment ever of any U.S.- Joe Barone, Shale Directories
- Blog
- May 22, 2019
Pakistan ends failed drilling in the Arabian Sea
Pakistan and its partners have ended offshore drilling after no usable oil or natural gas was found in the Arabian Sea, Kallanish Energy reports The announcement came Sunday from the Pakistan ministry of petroleum and was seen as a major setback for the country, the Associated Press reported.- Joe Barone, Shale Directories
- Blog
- May 21, 2019
Venezuela’s crude production lowest in 16 years
In April 2019, Venezuela’s crude oil production averaged 830,000 barrels per day, down from 1.2 million barrels per day (Mmbpd) at the beginning of the year, according to the Energy Information Administration.- Joe Barone, Shale Directories
- Blog
- May 16, 2019
PG&E power lines caused California’s ‘deadliest wildfire’: officials
California authorities said Wednesday power lines owned and operated by Pacific Gas & Electric Corp. (PG&E) caused the state’s most destructive wildfire ever – which killed 85 and nearly destroyed an entire city, Kallanish Energy learns.Working-rig count falls for 5th straight week
The number of rigs working onshore in the Lower 48 U.S. states last week fell by two, and brought to five the number of consecutive weeks the count has slipped, data from Baker Hughes, a GE company, reveals.- Joe Barone, Shale Directories
- Blog
- May 10, 2019
Three Mile Island Unit 1 to shut by Sept. 30
The owner of the plant where North America’s worst nuclear power-related accident took place four decades ago, confirmed the facility’s lone remaining operating unit will shut down this September, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 10, 2019
West Virginia governor’s mines sued by feds
The U.S. government sued nearly two dozen of West Virginia Gov. Jim Justice’s coal companies Tuesday to get them to pay roughly $4.8 million in unpaid mine safety fines.- Joe Barone, Shale Directories
- Blog
- May 9, 2019
Chevron walking away from Anadarko, with $1B in its pocket
In a much expected move, oil supermajor Chevron said this morning it will not counter the higher bid made for Anadarko Petroleum by Occidental Petroleum, contrent to walk away from the deal with a $1 billion breakup fee, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 9, 2019
Trump says GM will sell Ohio plant for EV production
President Trump Wednesday praised General Motors CEO Mary Barra after he says she informed him GM will sell its recently closed Lordstown, Ohio, manufacturing plant to manufacturer Workhorse to build electric trucks.- Joe Barone, Shale Directories
- Blog
- May 8, 2019
Iraq planning $53B megaproject with Xom, PetroChina
Iraq is planning a $53 billion megaproject with global energy giants ExxonMobil and PetroChina to use seawater from the Persian Gulf to boost oil production, Iraqi prime minister Adel Abdul-Mahdi announced Tuesday, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- May 8, 2019
Oil plummets 1+%, as U.S.-China trade war intensifies
Crude oil prices dropped Tuesday as renewed doubts of a U.S.-China trade pact stoked concerns over global growth, while U.S. sanctions on Iran and Venezuela tightened supply and helped to curtail losses, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- May 7, 2019
Anadarko tells Chevron it’s been replaced
Anadarko Petroleum’s board said Monday Occidental Petroleum’s buyout offer is “superior” to its purchase deal with Chevron, Kallanish Energy reports. The oil supermajor is now on the clock.- Joe Barone, Shale Directories
- Blog
- May 2, 2019
Thousands of miles of O&G wells to be drilled over next 5 years
More than 1 million kilometers (621,371.192 miles) of new oil and gas wells will be drilled over the next five years, analytics/consulting firm Rystad Energy projects.- Joe Barone, Shale Directories
- Blog
- April 30, 2019
SEC alleges insider trading in Chevron-Anadarko deal
The U.S. Securities and Exchange Commission Monday announced it secured a court-ordered freezing of assets related to alleged insider trading that yielded roughly $2.5 million in profit connected to the April 12 announcement Chevron was acquiring Anadarko Petroleum.- Joe Barone, Shale Directories
- Blog
- April 30, 2019
Panama Canal expansion allows more NGL cargoes
Nearly three years ago, the new, larger Panama Canal opened for business, the first expansion since the canal opened 105 years ago, allowing the transit of larger cargo ships.- Joe Barone, Shale Directories
- Blog
- April 29, 2019
Con Ed’s deal may end natgas moratorium — in 2023
Electric/natural gas/steam utility Con Edison said last week it has a deal to end the gas hookup moratorium in Westchester County, New York, a stoppage to new development many fear will greatly slow growth in the county.- Joe Barone, Shale Directories
- Blog
- April 26, 2019
Pbfx buys 50% interest in Calif. pipeline firm
PBF Logistics (Pbfx) said it’s acquiring the 50% interest it doesn’t already own in the Torrance Valley Pipeline Co. (Tvpc) from an affiliate of its sponsor, refiner PBF Energy, for roughly $200 million in cash, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 25, 2019
Oxy trumps Chevron’s Anadarko bid, could ignite bidding war
Occidental Petroleum, which has been in informal discussions with Anadarko Petroleum for nearly two years, Wednesday publicly bid $76 a share for the independent producer, topping by 17% an offer by Chevron made roughly two weeks ago.- Joe Barone, Shale Directories
- Blog
- April 25, 2019
Shell in talks to buy BP stake in North Sea gas field: sources
Royal Dutch Shell is in talks to buy BP’s stake in the Shearwater oil and gas field in the British North Sea for roughly $250 million, three industry sources told Reuters.- Joe Barone, Shale Directories
- Blog
- April 24, 2019
Murphy announces $1.38B deepwater Gulf of Mexico acquisition
Murphy Oil Corp. announced its Murphy Exploration & Production Company – USA unit is acquiring deepwater Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings for $1.38 billion in cash, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 24, 2019
Goldman not expecting oil to rally despite tightening sanctions
Goldman Sachs expects the U.S.’s decision to end exemptions from sanctions for eight countries still buying oil from Iran to have a limited impact on crude prices — even though the timing is likely to have caught energy market participants by surprise.- Joe Barone, Shale Directories
- Blog
- April 23, 2019
Oil surges after Trump says sanction waivers done
Crude oil prices surged Monday, hitting new 2019 highs, after the Trump administration announced all oil buyers will have to end imports from Iran, effective May 2, or be subject to U.S.- Joe Barone, Shale Directories
- Blog
- April 23, 2019
Mariner East 1 slated to restart today
The developer of the Mariner East 1 natural gas liquids pipeline told the Pennsylvania Public Utility Commission’s Bureau of Investigation and Enforcement it intends to restart the pipeline today, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 19, 2019
Venezuela bypasses U.S. sanctions by selling crude via Russia
Venezuelan President Nicolas Maduro is moving cash from Venezuelan oil sales through Russian state energy giant Rosneft, as he looks to evade U.S.- Joe Barone, Shale Directories
- Blog
- April 19, 2019
Tellurian’s Driftwood receives Ferc authorization
Liquefied natural gas exporter Tellurian said Thursday the Federal Energy Regulatory Commission has issued the order granting authorization for Driftwood LNG, a proposed 27.6 million tonnes per annum (Mtpa) liquefaction export facility near Lake Charles, Louisiana.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
U.S., Brent crudes slip, as Russia talks output hikes
Crude oil prices fell Monday after Russia’s finance minister said Russia and Opec+ may boost production to fight the U.S. for market share, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 16, 2019
Tellurian looking to partner with Middle East investors
U.S. liquefied natural gas exporter Tellurian is looking for Middle East investors for its planned $30 billion Driftwood LNG project, and looks to finalize its investment decision by July 1, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- April 12, 2019
Oil markets tightening due to U.S. sanctions: IEA
Crude oil markets are tightening, the International Energy Agency said Thursday, Kallanish Energy reports. The agency warned, however, an “extraordinarily” wide range of views about the health of the global economy was making it difficult to forecast oil prices.- Joe Barone, Shale Directories
- Blog
- April 11, 2019
Trump signs orders making it tougher to block pipelines
President Trump Wednesday signed two executive orders designed to eliminate hurdles to new and existing natural gas pipeline construction nationwide, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Executive order aims to prevent states from blocking pipelines
President Trump today will sign an executive order designed to prevent states from blocking pipelines and other energy infrastructure by using authority they feel is afforded them under the federal Clean Water Act, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Crude prices fall as Russia suggests it will raise output
Crude oil prices fell Tuesday from five-month highs as Russian comments signaled the possible easing of the Opec+ supply-cutting deal overcame concern violence in Libya could tighten global markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 10, 2019
Aramco breaks demand record, bond tops $100B
Orders for Saudi Aramco’s debut international bonds topped $100 billion, a strong vote of market confidence for the world’s largest oil company, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 9, 2019
Crude hits 5-month high, as fighting threatens Libyan output
Crude oil prices rose to a five-month high Monday, on expectations for tighter global supply due to fighting in Libya, Opec+-led cuts and U.S.- Joe Barone, Shale Directories
- Blog
- April 5, 2019
Brent crude tops $70 for first time since November
Brent crude oil prices Thursday pushed through $70 per barrel for the first time in nearly five months, as expectations of tight global supply outweighed pressure from rising U.S.- Joe Barone, Shale Directories
- Blog
- April 4, 2019
LNG will be big part of China-U.S. trade once tensions resolved: CNOOC
Liquefied natural gas is expected to become a big part of China-U.S. trade once the dispute is resolved between the two countries, a senior executive from China National Offshore Oil Corp.- Joe Barone, Shale Directories
- Blog
- April 3, 2019
Xom weighs sale of Nigerian O&G fields for up to $3B
ExxonMobil has held talks on the sale of a number of oil and gas fields in Nigeria, as the company focuses on developments in the U.S.’s Permian Basin and Guyana, industry and banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- April 1, 2019
Citgo secures $1.2B in long-term financing
U.S. refiner Citgo Petroleum said last week it received $1.2 billion in financing via a five-year Term Loan B, with participation from roughly 35 financial institutions.- Joe Barone, Shale Directories
- Blog
- March 27, 2019
Activity stops at Venezuela’s main oil port after blackout
Venezuela’s main oil port of Jose, operated by state-run oil giant Pdvsa, was virtually shut down following a massive power blackout Monday, two oil industry workers and a union leader close to the facility told Reuters.- Joe Barone, Shale Directories
- Blog
- March 26, 2019
Kinder Morgan backs out of offshore crude terminal
Houston pipeline operator Kinder Morgan has sold its stake in a proposed offshore crude oil export terminal in the Gulf of Mexico known as Texas COLT, the company confirmed Monday.- Joe Barone, Shale Directories
- Blog
- March 25, 2019
U.S. imports zero Venezuelan heavy crude
The combination of President Trump’s sanctions and the economic chaos that is Venezuela combined during the week ended March 15 to zero-out U.S.- Joe Barone, Shale Directories
- Blog
- March 25, 2019
Crude drops from 2019 highs, settles down more than 1%
West Texas Intermediate and Brent crude oils fell more than 1% Friday, slipping further from 2019 highs reached earlier last week.- Joe Barone, Shale Directories
- Blog
- March 22, 2019
Murphy Oil selling Malaysian portfolio for $2.13B in cash
Murphy Oil Corp. said Thursday a subsidiary has signed a deal to sell its two primary Malaysian subsidiaries to a PTT Exploration and Production Public Company Ltd.- Joe Barone, Shale Directories
- Blog
- March 21, 2019
U.S. crude inventories plunge on strong exports, refining demand
U.S. crude oil inventories last week fell by 9.6 million barrels (Mmbbl), the most in eight months, aided by strong export and refining demand, the Energy Information Administration reported Wednesday.- Joe Barone, Shale Directories
- Blog
- March 20, 2019
U.S. grants Iraq new sanctions waiver to buy Iranian energy: source
The Trump administration is granting Iraq a renewed 90-day waiver, exempting it from U.S. sanctions on Iran, a State Department official told CNBC Tuesday.- Joe Barone, Shale Directories
- Blog
- March 19, 2019
LNG imports drive down British wholesale gas prices
Britain’s liquefied natural gas (LNG) imports for March are at their highest levels in roughly 29 months, helping British wholesale gas prices slide to a more-than 18-month low.- Joe Barone, Shale Directories
- Blog
- March 18, 2019
Dominion to keep Connecticut’s Millstone nuclear plant online
Dominion Energy said Friday it reached a 10-year deal with Connecticut utilities to keep the state’s only nuclear power plant in service.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
Crude futures reach four-month highs
Brent and West Texas Intermediate crude oil futures reached four-month highs Thursday, as production cutbacks by Opec+, along with U.S. sanctions on Iran and Venezuela, tightened global supplies.- Joe Barone, Shale Directories
- Blog
- March 15, 2019
U.S. installs 10,600 MW of solar in 2018
The U.S. installed 10,600 megawatts of solar photovoltaic (PV) capacity in 2018, according to a new report from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (Seia). The total solar installed is down 2% compared to 2017, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 12, 2019
OIl. natgas production soars in Ohio’s Utica
Crude oil production in Ohio’s Utica Shale play increased by 38.56% from the fourth quarter of 2017, to the final three months of 2018, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 5, 2019
CO2 emissions in UK hit lowest level in 130 years: report
The UK’s carbon emissions in 2018 fell for the sixth consecutive year, hitting some of the lowest levels recorded since 1888, according to a report published Monday.- Joe Barone, Shale Directories
- Blog
- March 5, 2019
Opec+ drains glut, mission accomplished by April: Goldman
Opec and its allies will probably achieve their goal of draining the crude oil glut while boosting prices by next month, according to Jeff Currie, global head of Commodities Research at Goldman Sachs.- Joe Barone, Shale Directories
- Blog
- March 1, 2019
Opec rescued oil from ‘total collapse,’ U.S. prevented ‘major chaos’: Barkindo
Opec is responsible for saving the entire oil industry by curbing output, the cartel’s secretary general told CNBC — but the U.S.- Joe Barone, Shale Directories
- Blog
- February 28, 2019
Bahrain talking to U.S. oil companies about oil deal
Middle East country Bahrain is talking to U.S. oil companies with shale oil expertise about developing a huge oil and gas field discovered last year, the country’s oil minister said this week.- Joe Barone, Shale Directories
- Blog
- February 28, 2019
U.S. crude production reaches 12.1 Mmbpd
U.S. crude oil production set another record last week, reaching 12.1 million barrels per day, the latest Energy Information Administration data revealed.- Joe Barone, Shale Directories
- Blog
- February 28, 2019
Crude oil surges as U.S. crude stocks dive
Crude oil prices jumped more than 1.75% Wednesday after U.S. government data showed an unexpected and sharp drop in U.S. crude inventories.- Joe Barone, Shale Directories
- Blog
- February 27, 2019
Judge OKs settlement from nation’s largest natural gas leak
A $120 million court settlement from one of the largest-ever U.S. natural gas leak was approved by a California judge Monday despite objections from local residents and criticism from environmentalists.- Joe Barone, Shale Directories
- Blog
- February 27, 2019
Opec ignoring pressure from Trump steadies crude price
Crude oil futures steadied Tuesday as it appears Opec is ignoring President Trump imploring the cartel not to raise prices. Prices slid Monday, after Trump tweeted Opec to hold back on raising prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 26, 2019
Marathon signs pact to sell U.K. businesses for $140M
Marathon Oil said Monday the company has entered into a share purchase agreement through its subsidiaries for the sale of its U.K.- Joe Barone, Shale Directories
- Blog
- February 26, 2019