- Joe Barone, Shale Directories
- Blog
- December 10, 2019
Ecuador inks service pacts for 6 oilfields
Ecuador’s state-owned oil company, Petroamazonas, has signed service contracts worth $1.62 million for the development of six onshore oilfields in the Orellana, Napo and Sucumbios provinces, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 10, 2019
O&G down, but certainly not out
It’s not hard to miss the signs: * The onshore Lower 48 U.S. states working-rig count has dropped more than 26% since the first week of 2019.- Joe Barone, Shale Directories
- Blog
- December 5, 2019
US crude stockpiles fall for 1st time in 6 weeks
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) for the week ended Nov. 29, fell by 4.9 million barrels (Mmbbl) from the previous week, the Energy Information Administration reported Wednesday.- 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 3, 2019
Cold weather prompts fuel switching in RTOs
A historic November cold snap sent temperatures below freezing in 75% of the Lower 48 states, with the price of natural gas jumping from less than $2.00 per million British thermal units (MMBtu) on average in October, to a mid-November high of $5.11/MMBtu at the Tetco M3 hub, located in northeast Pennsylvania, in the PJM Interconnection.- 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
- December 2, 2019
Working gas pulled from storage for 2nd week in row
Working natural gas was pulled from storage for the second consecutive week in the latest Energy Information Administration survey, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 29, 2019
Fire rages at Texas chemical plant day after explosions
Officials in East Texas said Thursday they didn’t know when roughly 50,000 people evacuated from their homes following two explosions at a chemical plant would be able to return, as an onsite fire continued to burn.- 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 27, 2019
Oil gains as optimism rises on US-China talks
Crude oil prices slightly rose Tuesday after news U.S. and Chinese officials had discussed trade, while predictions for a weekly draw on U.S.- Joe Barone, Shale Directories
- Blog
- November 25, 2019
Restaurant Association sues over natgas ban
It’s getting hot in the kitchen in the state of California. The California Restaurant Association (CRA) has filed suit against the City of Berkeley following the city’s ban on natural gas infrastructure and the use of natural gas in newly constructed buildings, beginning Jan.- Joe Barone, Shale Directories
- Blog
- November 25, 2019
Last New York coal plant set to close
The last operating coal-fired power plant in New York state could close by mid-February, Power magazine reported. Somerset Operating Co. on Nov.- Joe Barone, Shale Directories
- Blog
- November 24, 2019
Brookline, MA banning O&G pipes in new builds
Taking a cue from what’s happening in California, residents of Brookline, Massachusetts, last week voted to ban the installation of oil and gas pipes in new buildings, as well as in extensive renovations of existing buildings — the first such prohibition in Massachusetts.- Joe Barone, Shale Directories
- Blog
- November 21, 2019
US crude inventories rise for 4th straight week
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) for the week ended No. 15, increased by 1.4 million barrels from the previous week – the fourth consecutive week of increases, but the smallest of the four, Kallanish Energy calculates.- 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
Customers pay higher rates for PURPA pacts: study
Solar and wind contract rates signed under the Public Utility Regulatory Policies Act (PURPA) are costing end-use customers between $2.7 billion and $3.9 billion in overpayments over the life of said pacts, a new study projects, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 15, 2019
US crude inventories continue climbing
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.2 million barrels during the week ended Nov.- Joe Barone, Shale Directories
- Blog
- November 14, 2019
Panel approves incentives for natgas export facility
Eagle LNG Partners LLC is seeking $23 million in city of Jacksonville, Florida, incentives for building a $542 million liquefied natural gas export facility in the city, the Florida Times-Union reports.- Joe Barone, Shale Directories
- Blog
- November 13, 2019
Dry gas production continues climbing in 2020: STEO
Annual U.S. dry natural gas production will average 92.1 billion cubic feet per day (Bcf/d) in 2019, up 10% from 2018, the Energy Information Administration reports in the just-released Short-Term Energy Outlook (STEO), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 11, 2019
Volume of working gas placed in storage shrinks
The volume of working gas injected into underground storage slowed to the smallest amount in seven months in the latest weekly survey by the Energy Information Administration, Kallanish Energy calculates.- 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
Cause of Philly refinery fire causes concern over other facilities
Safety experts and activists are asking numerous questions concerning the fire which devastated the U.S. East Coast’s largest and oldest refinery, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- November 6, 2019
ICD admits receiving NYSE non-compliance letter
Onshore drilling service provider Independence Contract Drilling (ICD) said Tuesday it received written notification from the New York Stock Exchange that as of Nov.- Joe Barone, Shale Directories
- Blog
- November 5, 2019
7 BBbls of oil found in new Abu Dhabi reserves
The UAE’s Supreme Petroleum Council Monday announced a new pricing mechanism for Abu Dhabi National Oil Co. (Adnoc) Murban crude oil, which will be listed on “an exchange,” the Gulf News Web Report reported.- 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 3, 2019
Pa emissions fell 92% as energy production rose almost 3,000%
Pennsylvania emissions fell as much as 92% since 1990, even as the state’s energy demand and production soared eleven fold from 2010 to 2018, and natural gas processing expanded more than eightfold during that time frame, a Consumer Energy Alliance (CEA) analysis found.- Joe Barone, Shale Directories
- Blog
- November 1, 2019
Big oil, big corn both blast Trump biofuel plan
Corn farmers, ethanol producers, refinery representatives, energy traders and state and local officials from the Midwest all blasted the Trump administration’s proposed biofuels plan for next year during a public hearing Wednesday, hosted by the U.S.- 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 30, 2019
US crude inventories jump
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) for the week ended Oct. 25, increased by 5.7 million barrels from the previous week, the Energy Information Administration reported Wednesday.- Joe Barone, Shale Directories
- Blog
- October 30, 2019
Pemex posts $4.6B loss on sagging exports, domestic sales
Mexico’s state-run oil company Petroleos Mexicanos, or Pemex, reported year-on-year production was down 2.9%, but posted a huge $4.6 billion third-quarter loss due to sagging exports and domestic sales, Kallanish Energy learns.- 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 28, 2019
Trump wants deal with XOM, or others to tap Syrian oil
President Trump said Sunday he’s interested in making a deal with ExxonMobil or another producer to tap Syrian oil reserves, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 27, 2019
Revenue from public lands drilling up by 33% in 2018
Revenue collected and dispersed assets from energy production on public lands rose by billions in Fiscal Year 2019, according to new data released last week by the U.S.- Joe Barone, Shale Directories
- Blog
- October 25, 2019
Oil prices slip on weak demand outlook weighs on market
Crude oil prices fell Thursday amid persistent concerns about a weak demand outlook, after posting sharp gains in the previous session following a surprise crude oil inventory drawdown in the U.S., Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 24, 2019
Natural gas usage climbs as distributors replace lines
PITTSBURGH, Pennsylvania — Natural gas usage for one local distribution company operating in Pennsylvania and Maryland said Wednesday has increased 17% in the last two years, primarily in the commercial and industrial sectors.- Joe Barone, Shale Directories
- Blog
- October 23, 2019
Judge to rule today on Ohio referendum petitions
A federal judge said he intends to rule no later than today on whether a referendum petition drive in Ohio against a nuclear bailout will get additional time to collect signatures, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 23, 2019
U.S. extends Venezuelan license for Chevron, OFS firms
U.S. supermajor Chevron and four oilfield services (OFS) firms are authorized to continue operations in Venezuela through Jan. 22, 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 23, 2019
Oil prices climb as Opec+ mulls deeper output cuts
Crude oil prices rose slightly Tuesday after China signaled progress in trade talks with the U.S. and Opec+ mulled deeper production cuts, Kallanish Energy reports.- 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 22, 2019
The Carlyle Group exits Corpus oil terminal project
The Carlyle Group, an international private equity/investment firm and the entity behind efforts to build a $1 billion crude oil export terminal at Harbor Island, Port of Corpus Christi, Texas, is pulling out of the project.- Joe Barone, Shale Directories
- Blog
- October 22, 2019
Federal judge to rule on Ohio referendum petitions
The effort to overturn nuclear bailout legislation in Ohio is now in the hands of a federal judge, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 21, 2019
Trump nominates Brouillette to be Energy secretary
President Trump last Friday announced he has nominated deputy energy secretary Dan Brouillette to replace departing energy chief Rick Perry, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 21, 2019
Oil falls as China’s economic concerns outweigh refining
Crude oil prices were lower Friday, as concerns about China’s economy outweighed strong signals from its refining sector, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- October 18, 2019
Energy secretary Perry tells Trump he’s resigning
U.S. Energy Secretary Rick Perry has notified President Trump he intends to leave his job in the near future, numerous media outlets were reporting late Thursday, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- October 18, 2019
Venezuela could cede control of PDVSA: paper
The government of Venezuela is ready to hand over full control of its state-run oil company PDVSA (Petroleos de Venezuela) to Russia’s Rosneft, El Nacional newspaper said, citing sources in the industry, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- October 17, 2019
Duc well total falls in latest survey
All seven basins/plays included in the Energy Information Administration’s latest Drilling Productivity Report (DPR) experienced a drop in drilled, but uncompleted (DUC) wells from August to September, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 17, 2019
US crude production to climb from October to November
Crude oil production from the Lower 48 U.S. states’ seven most prolific plays/basins is projected to increase 58,000 barrels per day from October to November, the Energy Information Administration reports in the October Drilling Productivity Report (DPR).- Joe Barone, Shale Directories
- Blog
- October 15, 2019
Iran says it discovered a gas reserve worth $40B
Iran announced Sunday it’s discovered a new natural gas reserve with the capacity to produce nearly 400 million barrels (Mmbbl) of gas condensate, which could generate $40 billion of revenue, Kallanish Energy reports.Sand deposit could be ‘game-changer’ for ND oil industry
A deposit of fracking sand in north-central North Dakota could be a boon to the state’s oil industry, the Grand Forks Herald reports.- 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 14, 2019
Cuomo orders National Grid to provide hookups
The Cuomo administration in New York State has ordered National Grid to provide natural gas hookups to over 1,100 previously denied Brooklyn-based customers, numerous media reported.- Joe Barone, Shale Directories
- Blog
- October 11, 2019
La voters to consider adding O&G tax exemption
Louisiana voters tomorrow will consider adding a tax break to the state’s constitution to exempt some of the equipment used by the offshore oil and gas industry, Kallanish Energy reports.- 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 9, 2019
Gas rises, coal falls in US powergen
The share of U.S. total utility-scale power generation from natural gas-fired power plants will rise from 34% in 2018, to 37% in 2019 and 2020, the Energy Information Administration forecasts in its October Short-Term Energy Outlook (STEO). EIA/STEO forecasts the share of 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 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 8, 2019
US solar industry gets possible boost from Trump
Some U.S. solar companies could get a lift after the Trump administration announced it will impose tariffs on bifacial solar panels, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- October 7, 2019