- Joe Barone, Shale Directories
- Blog
- April 3, 2020
M&A activity collapsed in first quarter 2020: Enverus
Merger and acquisition activity largely collapsed in the first quarter of 2020, according to a new report from Texas-based Enverus. Such activity was very slow, even before the coronavirus hit and the crude oil price war between Saudi Arabia and Russia that is impacting U.S.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Global Venture’s Louisiana LNG passes string test in Italy
Venture Global LNG has announced a successful string test for the first mixed refrigerant compression system for its Calcasieu Pass LNG facility in Louisiana, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Air Products acquires five hydrogen plants for $530M
Pennsylvania-based Air Products has reached an agreement to buy five hydrogen steam methane reformer plants from New Jersey-based PBF Energy for $530 million.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
EnLink Midstream lays off 20% of employees
U.S.’s pipeline operator EnLink Midstream has reportedly laid off 20% of its workforce, or around 300 employees, due to current market conditions.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
BP slashes capex, cuts US onshore activities
British oil major BP said Wednesday it will slash organic capex by 25% to protect its financial health, in response to the Covid-19 pandemic and ongoing market disruption, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
Whiting Petroleum first major shale victim of oil price crash
U.S. based Whiting Petroleum Corporation on Wednesday became the first large shale company to file for bankruptcy protection, after falling victim of the crash in oil prices, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
Texas wind project gets tax equity commitment
A California-based company has announced that it has secured a tax equity commitment from a consortium led by GE Energy Financial Services for a wind project in North Texas, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 1, 2020
Trump administrations to weaken US vehicle fuel standards
The Trump administration is rolling back fuel efficiency standards for cars and trucks in what many see as major victory for the oil and gas industry.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
US energy tube imports spike in March: Preston
U.S. oil country tubular good (OCTG) imports appear to have surged in March, which an analyst at Preston Pipe notes that this, “couldn’t come at a worse time.”- Joe Barone, Shale Directories
- Blog
- March 31, 2020
Permian output already a ‘victim’ of oil price war: GlobalData
The Permian Basin will see the largest effects of capex cuts on production, compared to all other U.S. unconventional plays, Kallanish Energy learns from a GlobalData analyst.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
US gas-fired electricity up by 12% this year: EIA
Natural gas-generated electricity in the United States has grown by 12% year-on-year in 2020, according to the U.S. Department of Energy and its Energy Information Administration.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
Shell exits Lake Charles LNG project in Louisiana
Shell announced on Monday it is exiting a proposed liquefied natural gas (LNG) facility in Lake Charles, Louisiana, citing current market conditions, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Moody’s lowers Henry Hub gas price forecast 📉
Moody’s Investors Services announced on Thursday it has reduced its medium-term price band for Henry Hub natural gas by 25 pences, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
US disaster declarations hit oilfield states
U.S. President Donald Trump has approved disaster declarations for four states in the last two days as part of the ongoing Covid-19 pandemic, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Court backs ACE review of Bayou Bridge Pipeline
A federal judge in Louisiana has ruled that the environmental review of the Bayou Bridge Pipeline by the U.S. Army Corps of Engineers (ACE) was sufficient, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 27, 2020
Energy Transfer gets Pa. waivers for Mariner East 2 work
Pennsylvania has approved six waivers to allow Energy Transfer and subsidiary Sunoco to continue construction on its Mariner East 2 pipelines, Kallanish Energy reports The waivers, approved on Wednesday, allow the company to continue working at 15 construction sites across the state.- Joe Barone, Shale Directories
- Blog
- March 26, 2020
South Dakota toughens up on pipeline rioters
South Dakota Gov. Kristi Noem has signed legislation to toughen the state’s riot laws with criminal and civil penalties for those who urge rioting against pipeline projects, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 25, 2020
Market conditions threaten US petchem projects
The U.S. and global chemical investment wave is set to slow “considerably” in the coming years, as companies slash their capex to preserve cash, ICIS said this week.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
FERC approves Jordan Cove LNG in Oregon
The Federal Energy Regulatory Commission on Thursday issued a certificate of approval for a liquefied natural gas (LNG) facility in Oregon, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Struggling Gulfport Energy seeks restructuring help
Gulfport Energy, a major natural gas producer in the Appalachian Basin, has hired an investment bank as a debt restructuring adviser, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
Bankruptcy judge approves PG&E financing plan
A federal bankruptcy judge in California has approved Pacific Gas & Electric’s financing plan to emerge from Chapter 11 reorganization, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
EPA finalizes settlement on Wyoming oil spills
The U.S. Environmental Protection Agency (EPA) has announced a proposed settlement with Citation Oil & Gas Corp. for spills in 2016 and 2019 in Wyoming, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 20, 2020
ConocoPhillips to cut 2020 capex by $750 million
ConocoPhillips has announced it’s cutting its operational capital expenditure by $700 million this year in response to the recent oil market downturn, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 19, 2020
EOG Resources cuts $2 billion or 31% from capex budget
Texas-based EOG Resources is cutting its 2020 capital spending by $2 billion or 31%, in the wake of the spreading coronavirus and the crude oil price war between Saudi Arabia and Russia that is impacting U.S.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Canada’s Husky Energy trims capex, delays projects
Alberta-based Husky Energy has announced plans to trim $1 billion from its budget in 2020 in response to what it called “challenging” global market conditions with the lowest oil prices in three years.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Owner to keep Pa. nuclear power plant open beyond 2021
The owner of a nuclear power plant in western Pennsylvania has reversed a previous decision and will keep the plant open beyond 2021, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Nine counties challenge tighter Colorado air rules
Nine rural counties in western Colorado have filed a lawsuit challenging state rules adopted last December to reduce unhealthy ozone pollution, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
BJ Services, Aethon to add new fracturing fleet
Texas-based BJ Services has entered into a four-year agreement with Aethon Energy for a natural gas-fueled fracturing fleet to be used in Louisiana, Kallannish Energy reports The first next-generation Titan fleet will be deployed in the gas-rich Haynesville Shale in the fourth quarter of 2020.- Joe Barone, Shale Directories
- Blog
- March 16, 2020
Wyoming eyes Occidental lands in Utah, Colorado
It is the strangest story of the week: Wyoming may soon to buy a chunk of land in another state for possible oil and gas drilling and other uses, Kallanish Energy has learned.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Matador Resources to reduce drilling program
Texas-based Matador Resources Co. will reduce its drilling program from six rigs to three rigs before June 30. It is active in the Delaware Basin of West Texas and New Mexico, the Eagle Ford in South Texas and the Haynesville Shale in Louisiana.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Canadian companies cut capex
MEG Energy Corp. is cutting $50 million from its 2020 capital spending. The total will drop from $250 million to $200 million and it has also reduced its production guidance slightly from 95,500 barrels per day to 94,000 barrels per day.- Joe Barone, Shale Directories
- Blog
- March 13, 2020
Ohio eco-groups recall XTO Energy gas well blowout
One of the biggest-ever methane leaks in the United States occurred two years ago at a natural gas well in eastern Ohio, and Ohio environmentalists remembered that event on Thursday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
DOE cancels Strategic Petroleum Reserve oil sales
The U.S. Department of Energy has suspended its planned sale of crude oil from the agency’s Strategic Petroleum Reserve in Texas and Louisiana, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
US natural gas production up 10% in 2019: EIA
U.S. natural gas production increased by 10% in 2019, according to the Department of Energy and its Energy Information Administration. Volumes were up by 9.8- Joe Barone, Shale Directories
- Blog
- March 11, 2020
PG&E, FEMA settle on $1B California wildfire payment
Pacific Gas & Electric has agreed to pay $1 billion to resolve claims by federal and state emergency management agencies tied to 2017 and 2018 California wildfires, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
Massachusetts utility to pay $53M fine for 2018 gas explosions
A Massachusetts utility had pleaded guilty to causing a series of natural gas explosions in 2018 that killed one person and damaged scores of homes north of Boston, Kallanish Energy reports The president of Columbia Gas of Massachusetts, Mark Kempic, entered the plea this week in U.S.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
Analysts Expect Gas Producers to Gain Amid Oil Losses 📉
The loss to U.S. shale oil producers could allow the region’s gas-focused producers to benefit, as production cuts due to low oil prices are likely to ease the supply glut in the gas market, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
Cenovus to cut 2020 capital spending by 32%
In the wake of the oil price crash, Alberta-based Cenovus announced that it was cutting its 2020 capital spending by 32%, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
US line pipe prices fall again in February
U.S. line pipe prices again declined in February, Kallanish Energy learns from analyst Pipe Logix. Average U.S. line pipe prices fell by -1.1%- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Parsley Energy, Diamondback Energy cut Permian drilling
Permian players Diamondback Energy and Parsley Energy announced Monday they are cutting down development activities as an immediate reaction to the crash in oil prices.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Oil price rout to trigger major industry shake-up: WoodMac
The oil price rout may trigger a major industry shake-up, and U.S. independent companies may be forced to act sooner than later, Kallanish Energy learns from Wood Mackenzie experts on Monday.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Half of BLM workers agree to move from D.C. to Colorado
About half of the 179 Bureau of Land Management workers being shifted from Washington, D.C., to western Colorado by the Trump administration have agreed to the move and the other half has quit or left the agency, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 9, 2020
FERC releases massive EIS for $40B Alaska LNG project
The Federal Energy Regulatory Commission has issued a generally favorable Environmental Impact Statement for a long-sought natural gas pipeline and liquefied natural gas export project in Alaska, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 9, 2020
Enbridge to proceed with $500M Line 5 Pipeline tunnel
Enbridge announced Friday that it intends to build a $500 million pipeline tunnel under the Straits of Mackinac after a long and continuing legal fight with the state of Michigan, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 9, 2020
Warren Buffett withdraws from $9.5B Quebec LNG project
Warren Buffett and his Berkshire Hathaway investment company have reportedly decided against investing $4 billion in a proposed liquefied natural gas (LNG) project in Quebec, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- March 9, 2020
New Mexico governor signs renewable energy bills
Governor Michelle Lujan Grisham has signed legislation to expand solar and wind power in New Mexico and to modernize the state’s electric grid to allow for increased export of renewable energy, Kallanish Energy reports.US rig count increases by three in last week
The number of rigs drilling for oil and natural gas in the United States increased by three, according to a new report compiled by Baker Hughes, the Texas-based well service company.- Joe Barone, Shale Directories
- Blog
- March 6, 2020
ExxonMobil to earmark $33B on 2020 capital spending
Population growth, an expanding middle class and global prosperity are driving a worldwide demand for oil, natural gas and chemicals, according to ExxonMobil.- Joe Barone, Shale Directories
- Blog
- March 6, 2020
Florida approves $1.8B community solar project
Florida regulators have approved Florida Power & Light’s $1.8 billion SolarTogether program, Kallanish Energy reports. Approval came from the Florida Public Service Commission.- Joe Barone, Shale Directories
- Blog
- March 6, 2020
FortisBC to expand Tilbury LNG plant in B.C.
FortisBC Holdings has filed initial paperwork with British Columba regulators to expand its Tilbury Island liquefied natural gas plant, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 5, 2020
Gulfport, Firefly fight continues to simmer
Gulfport Energy is continuing to fight with Firefly Value Partners, its largest shareholder, Kallanish Energy reports. It is a fight over control of the board of directors of Gulfport, one of the largest natural gas producers in the U.S.- Joe Barone, Shale Directories
- Blog
- March 4, 2020
Tellurian to cut costs, renegotiate loan terms
U.S. liquefied natural gas producer Tellurian has revealed plans to cope with uncertain market conditions, including extending the maturity date of a 2019 loan, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 4, 2020
Chevron to invest $80B in dividends, share buybacks
Chevron Corp. plans to spend around $75-80 billion on dividends and shareholder buybacks in the next five years, funded largely by growing production in the Permian Basin of West Texas and New Mexico, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 4, 2020
Work set to resume on Coastal GasLink Pipeline
Construction is to resume on the Coastal GasLink Pipeline in western Canada after weeks of protests, arrests and rail blockades across Canada, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 3, 2020
Souki, Houston sell shares to satisfy loan requirements
Two of the best-known LNG export industry players sold millions of shares in the company they founded amid concern a critical supply deal won’t be finalized.- Joe Barone, Shale Directories
- Blog
- March 2, 2020
US LNG production jumps 2016 to 2025: GlobalData
From roughly 1.2 billion cubic feet per day (Bcf/d) of export capacity in 2016, the U.S. will become the third largest liquefied natural gas (LNG) exporting country with a total capacity of 8.9- Joe Barone, Shale Directories
- Blog
- March 2, 2020
Midcoast inks anchor shipper pacts for CJ Express expansion
Midcoast Energy’s East Texas operating subsidiary has made a positive final investment decision and entered into definitive, long-term anchor shipper agreements in support of its CJ Express expansion project.- Joe Barone, Shale Directories
- Blog
- March 2, 2020
Mexico’s Pemex posts huge 2019 loss
Petroleos Mexicanos posted a $18.3 billion net loss for 2019 — nearly double the previous year’s loss and a major setback to Mexican President Andres Manuel Lopez Obrador’s efforts to revive the debt-saddled state oil company, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- March 2, 2020