- 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
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 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 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
Iea expects new crude glut in 2020
The International Energy Agency said in its July report released Friday it expects a new glut of crude oil in 2020, Kallanish Energy reports.Cuadrilla to restart fracking at British site
British shale gas producer Cuadrilla said Thursday it would restart fracking at its Preston New Road site in Britain in the third quarter of 2019, with plans to use a thicker fracking fluid to help reduce earth tremors, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- July 12, 2019
Pg&e didn’t repair lines it knew could cause wildfires: report
California utility Pacific Gas & Electric (Pg&e) knew power lines in Northern California could fail and cause wildfires, but the company delayed repairs for years before a 2018 blaze that killed 85 people, according to a Wall Street Journal investigation.- Joe Barone, Shale Directories
- Blog
- July 12, 2019
Six minutes alter direction of U.S.’s largest gas producer
It wasn’t hard to figure out the backers of the two sides in the proxy battle between independent producer EQT and dissidents known as the Rice Team Wednesday morning, at the long-awaited annual meeting.- Joe Barone, Shale Directories
- Blog
- July 11, 2019
Power from natgas to rise in 2019, slip in 2020: Steo
The share of U.S. total utility-scale electricity generation from natural gas-fired power plants will rise from 35% in 2018, to 38% in 2019, and then decline slightly in 2020, according to the latest Steo, Short-Term Energy Outlook, produced by the Energy Information Administration.- Joe Barone, Shale Directories
- Blog
- July 11, 2019
Wti crude climbs $1/Bbl in 2020: Steo
West Texas Intermediate crude oil prices will average $62 a barrel in the second half of 2019, and $63/Bbl in 2020, the Energy Information Administration projects in the just-released Short-Term Energy Outlook (Steo), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 10, 2019
Rice brothers win proxy fight with EQT management
The Rice team, led by Toby and Derek Rice, this morning garnered more than 80% of votes cast at EQT’s annual shareholder meeting with all seven Rice-nominated directors winning seats along with five EQT-nominated and Rice-backed directors.- Joe Barone, Shale Directories
- Blog
- July 9, 2019
US line pipe prices dip in June
US line pipe prices appear to have fallen in June, led by a steep drop in domestic prices, Kallanish learns from analyst Pipe Logix.- Joe Barone, Shale Directories
- Blog
- July 8, 2019
Delek says gas exports to Egypt by year’s end
Israel’s Delek Drilling said it has completed testing of a subsea natural gas pipeline to Egypt, but commercial sales by June 30 did not occur as originally projected, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- July 5, 2019
US gas storage injections on record-setting pace
During the first 12 weeks of the 2019 summer natural gas refill season, typically April 1 to Oct. 31, net injections of working gas into underground storage in the Lower 48 states set a record pace, the Energy Information Administration reported.- Joe Barone, Shale Directories
- Blog
- July 3, 2019
Russian minister says Persian Gulf tension not Iran’s fault
Russian energy minister Alexander Novak said Tuesday Iran isn’t the cause of instability in the Persian Gulf, and sanctions against the country are “unlawful,” CNBC reported.- Joe Barone, Shale Directories
- Blog
- June 28, 2019
Proxy advisory firm backs dissidents against EQT
Well-known proxy advisory firm Institutional Shareholder Services (Iss) has issued a report recommending EQT Corp. shareholders elect all seven dissident board nominees advocated by the so-called Rice Team, along with the five EQT nominees backed by the dissidents, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 27, 2019
E&Ps’ shareholder-friendly activities causing problems: Moody’s
North American exploration and production (E&P) companies’ financial leverage has improved since the 2014-16 oil price slump, but further deleveraging will be difficult through 2020, Moody’s Investors Service says.- Joe Barone, Shale Directories
- Blog
- June 27, 2019
Rystad sees another decade of U.S. supply growth
The U.S. will account for almost 25% of global oil and gas production by the early 2030s, as the shale boom continues, according to the CEO of research/intelligence company Rystad Energy.- Joe Barone, Shale Directories
- Blog
- June 26, 2019
Icahn rips Oxy’s board for treating shareholders like ‘peasants’
Billionaire activist investor Carl Icahn ripped Occidental Petroleum Tuesday, criticizing the independent producer’s board, Kallanish Energy reports. He criticized corporate boards in general that treat “shareholders [as] necessary peasants who represent a necessary evil that must be tolerated, possibly patronized, but certainly ignored.” “The recent Occidental Petroleum fiasco is a great example of how CEOs and boards will go to great lengths, including ‘betting the company’ to serve their own agendas,” Icahn said, in a statement.- Joe Barone, Shale Directories
- Blog
- June 24, 2019
$1.2B West Virginia coal-to-liquids plant announced
A West Virginia company last week announced plans for a $1.2 billion coal-to-liquids plant to be built in Mason County, West Virginia, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 21, 2019
Crude oil surges after Trump says Iran made big mistake
Crude oil jumped Thursday after Iran shot down a U.S. military drone, prompting President Trump to blast Tehran on Twitter, Kallanish Energy reports. U.S.- Joe Barone, Shale Directories
- Blog
- June 20, 2019
PG&E settles wildfire claims for $1B
Pacific Gas and Electric said Wednesday it’s reached agreements to resolve wildfire claims made by 18 local public entities (cities, counties, districts and public agencies) impacted by the 2015 Butte Fire, 2017 Northern California wildfires and 2018 Camp Fire.- Joe Barone, Shale Directories
- Blog
- June 19, 2019
EQM raises cost, delays timing of Mvp
EQM Midstream Partners said this week it has raised the projected cost of its Mountain Valley natural gas pipeline from West Virginia to Virginia to $4.8-$5.0 billion, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 19, 2019
Trudeau government again approves Trans Mountain line
As expected, Canadian Prime Minister Justin Trudeau’s federal government has approved the long-delayed expansion of the Trans Mountain oil pipeline in western Canada, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 13, 2019
Appalachian storage hub loan guarantee perhaps in trouble
An amendment to a major government appropriations bill (H.R. 2740) could mean trouble for a $1.9 billion Energy Department loan guarantee for the proposed natural gas liquids storage facility planned for Appalachia, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 12, 2019
ExxonMobil to proceed with oil development in Argentina
ExxonMobil said Tuesday it will develop an onshore oil project in Argentina that could produce up to 55,000 barrels of oil-equivalent per day (Boe/d) within five years, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 10, 2019
‘Urgent’ call to take advantage of Appalachia’s ethane largesse
CECIL TOWNSHIP, Pennsylvania – The Appalachian Basin, specifically the trio of states including Pennsylvania, Ohio and West Virginia, is approaching a tipping point when determining what is done with the substantial volume of ethane produced here.- Joe Barone, Shale Directories
- Blog
- June 7, 2019
Horizontally drilled wells dominate U.S. O&G production
Wells drilled horizontally into tight oil and shale gas plays continue to account for an increasing share of crude oil and natural gas production in the U.S., the Energy Information Administration said Thursday.- Joe Barone, Shale Directories
- Blog
- June 5, 2019
Flaring hits record high in Q1 in Permian
Natural gas flaring in the Permian Basin reached an all-time high in 2019’s first quarter due to the lack of pipelines, according to data from Rystad Energy.- Joe Barone, Shale Directories
- Blog
- June 4, 2019
YPF prepares first shipment of LNG from Argentina
Argentine oil company YPF SA said it’s now loading the first shipment of liquefied natural gas for export from the South American country, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 3, 2019
Icahn challenges Oxy’s ‘hugely overpriced’ Anadarko deal
Billionaire activist investor Carl Icahn last week filed a lawsuit against Occidental Petroleum, looking for board seats and eventually a sale of the company, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 31, 2019
PG&E plan to use blackouts to prevent wildfires OKed
California regulators Thursday approved PG&E Corp.’s plan to impose blackouts this summer across large swaths of its territory to prevent major wildfires — and told customers don’t count on reliable electric service as the fire season gets underway.- Joe Barone, Shale Directories
- Blog
- May 28, 2019
Permian crude production may finally have met its match
HOUSTON – It may be hard to believe, but there could be a big transportation change coming to the Permian Basin of West Texas/southeast New Mexico.- Joe Barone, Shale Directories
- Blog
- May 24, 2019
Alberta introduces bill to repeal carbon tax
Canada’s Alberta Province Wednesday introduced a bill to repeal the provincial carbon tax, setting up a legal battle between recently-seated Premier Jason Kenney’s United Conservative Party, and Justin Trudeau’s Liberal government in Ottawa.- 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