- 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 14, 2019
Oil prices jump after Iran says missiles strike its tanker
Crude oil prices rose Friday after Iranian state media said two rockets had struck an Iranian tanker traveling through the Red Sea. Brent crude futures were up 2.4%, to $60.51 a barrel, with West Texas Intgermediate futures settling 2.2% higher, at $54.70/Bbl, Kallanish Energy reports. The National Iranian Oil Co.- 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 11, 2019
Chevron CEO touts Texas growth
Chevron’s chief executive on Wednesday touted the company’s Texas growth, from the Permian Basin to Houston refining and chemicals. Speaking at the Greater Houston Partnership’s annual “State of Energy” luncheon, Mike Wirth also urged the energy industry to take the lead on emissions reductions to help combat climate change, the Houston Chronicle reported.- Joe Barone, Shale Directories
- Blog
- October 10, 2019
Oil mixed amid military action in Syria, rising inventories
Crude oil prices were mixed Wednesday as Turkey launched an offensive in Syria that could disrupt the region’s crude production, and on hopes of progress in the U.S.-China trade war, but a build in U.S.- 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 7, 2019
Crude prices flat as US-China trade talks near
Crude oil prices ended Monday’s trading session little changed as U.S.-China trade talks are slated to resume later this week, 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
Oil slides as US inventories build
Crude oil prices fell Wednesday after Energy Information Administration data showed a third straight week of higher U.S. crude inventories, adding to worries about an oversupplied market as weak economic data in the U.S.- Joe Barone, Shale Directories
- Blog
- October 3, 2019
ConocoPhillips completes $2.7B sale of UK E&P units
ConocoPhillips this week completed its previously announced transaction to sell two ConocoPhillips UK subsidiaries to private equity-backed Chrysaor E&P Ltd. for $2.68 billion, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 30, 2019
Gulf Coast states want more offshore oil royalties
The four Gulf Coast states that produce crude oil offshore want a bigger cut of the royalties the federal government gets from drilling on the Outer Continental Shelf to be put toward hurricane protection and coastal restoration.- Joe Barone, Shale Directories
- Blog
- September 30, 2019
Fluor selling units, real estate, non-core investments
International engineering/construction giant Fluor Corp. is selling its construction equipment rental company (Ameco) and government business, along with surplus real estate and other non-core investments, the result of its corporate strategic review.- 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 27, 2019
Oil edges lower as supply concerns weigh on price
Crude oil prices fell Thursday as new details connected to the impeachment inquiry into U.S. President Trump weakened demand sentiment, while moves to quickly restore Saudi output after attacks on its oil infrastructure promised more oil supply.- Joe Barone, Shale Directories
- Blog
- September 25, 2019
Oil plummets after Trump ratchets up US-China trade war
Crude oil prices fell 2% Tuesday as President Trump fanned market fears China-U.S. trade tensions are far from settled amid ongoing negotiations, a negative sign for oil demand growth.- Joe Barone, Shale Directories
- Blog
- September 24, 2019
Oil rises on Saudi supply concerns
Crude oil rose slightly Monday, after gaining nearly 7% last week, as lingering concerns over global supplies following the Sept. 14 attack on Saudi oil facilities offset prospects for a faster-than-expected restoration of the kingdom’s output and on signs of European economic weakness.- Joe Barone, Shale Directories
- Blog
- September 20, 2019
Crude oil prices rise slightly
Crude oil prices rose slightly Thursday, supported by supply risks brought about by last weekend’s drone attacks on Saudi oil infrastructure and a cut in U.S.- 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 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
Oil prices fall on US-China trade doubts, Opec+ talks
Crude oil prices fell Thursday after a media report cast doubt on the possibility of an interim U.S.-China trade deal and as a meeting of the Opec+ producer alliance yielded no decision on deepening crude supply cuts.- 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 12, 2019
US crude oil inventories drop more than expected
U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.91 million barrels (Mmbbl) during the week ended Sept.- Joe Barone, Shale Directories
- Blog
- September 11, 2019
GE’s voting share in Bhge dropping below 50%
Baker Hughes, a GE company (Bhge) announced Tuesday General Electric and its GE Oil & Gas US Holdings I, GE Holdings (US), and GE Oil & Gas US Holdings IV units have begun a secondary offering of 105 million shares of Bhge Class A common stock.- Joe Barone, Shale Directories
- Blog
- September 10, 2019
Boem, Alaska signed memorandum on Ocs exploration
The Bureau of Ocean Energy Management has signed a Memorandum of Understanding with the state of Alaska to ensure continued close cooperation in energy resource exploration and development on the Outer Continental Shelf, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 6, 2019
Xom to sell Norway assets for $4B
U.S. giant ExxonMobil has agreed to the sale of its oil and gas assets in Norway for $4 billion, Reuters reported Thursday, citing three sources familiar with the matter.- Joe Barone, Shale Directories
- Blog
- September 6, 2019
Arctic LNG 2 project receives final go-ahead
Novatek and its partners on Thursday took the final investment decision on the $21.3 billion Arctic LNG 2 project, with first liquefied natural gas deliveries expected in 2023, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- September 4, 2019
Angola launches offshore bidding round
Angola’s National Agency for Petroleum, Gas and Biofuels (Anpg) on Tuesday launched its 2019 licensing round at a presentation in the capital city of Luanda, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- September 3, 2019
Opec’s output up for the first time in 2019
Crude oil production from the Organization of the Petroleum Exporting Countries (Opec) rose for the first time in the year in August, despite higher-than-pledged cuts from Saudi Arabia and other Gulf producers.- Joe Barone, Shale Directories
- Blog
- August 23, 2019
Global growth fears, Fed comments weigh on crude
Crude oil prices slipped Thursday, as worries about the global economy weighed and equity markets were under pressure as uncertainty over the outlook for U.S.- Joe Barone, Shale Directories
- Blog
- August 23, 2019
Turbine maintenance firm moving to Rhode Island
The push to transform Rhode Island into a hub for the offshore wind industry could soon take another step forward with the proposed move of a second British turbine maintenance company into the state, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- August 19, 2019
ExxonMobil charters Singapore’s 1st LNG-fueled bunker barge
ExxonMobil Asia Pacific has signed a two-year time charter agreement with Singapore-based Sinanju Tankers Holdings Pte. Ltd. to lease Singapore’s first liquefied natural gas (LNG)-powered bunker tanker, Sinanju said, in a statement Friday, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 18, 2019
Stored working gas total still climbing
The volume of working gas injected into storage in the latest Energy Information Administration’s weekly survey rose less than 2% from the previous week, Kallanish Energy calculates.- Joe Barone, Shale Directories
- Blog
- August 14, 2019
Trump administration upsets offshore wind plans
The Trump administration has ordered a major environmental review of the growing offshore wind industry – a review that some experts see as derailing the nation’s first major project and raises questions concerning future developments, Kallanish Energy learns.- 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 8, 2019
Oxy completes $55 billion deal for Anadarko
Occidental Petroleum announced this morning the completion of its $55 billion acquisition of Anadarko Petroleum, including debt assumption, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- August 8, 2019
Oil plummets on fears of global slowdown
Crude oil prices fell more than 4.3% Wednesday, to a seven-month low, extending recent heavy losses following a surprise build in U.S.- Joe Barone, Shale Directories
- Blog
- August 7, 2019
Crude oil falls as US-China trade tensions impact
Crude oil prices fell slightly Tuesday, with Brent crude remaining near seven-month lows just below $60 a barrel due to growing trade tensions between China and the U.S., Kallanish Energy reports President Trump is vowing to impose new tariffs on Chinese imports, and China is retaliating by making further moves against U.S.- Joe Barone, Shale Directories
- Blog
- August 5, 2019
Transportation uses most petroleum in US: EIA
Petroleum, including crude oil and refined products such as gasoline, diesel, and propane, is the largest primary source of energy consumed in the U.S., accounting for 36% of total energy consumption in 2018, the Energy Information Administration reports.- Joe Barone, Shale Directories
- Blog
- August 1, 2019
Oil rises as US crude stocks fall, Fed cuts interest rates
Crude oil prices rose for a fifth day Wednesday following a larger-than-expected drop in U.S. inventories, and after the Federal Reserve cut U.S.- Joe Barone, Shale Directories
- Blog
- July 31, 2019
Crude rises on expectations of Fed rate cut, supply drawdown
Crude oil prices rose Tuesday, on track to close at a two-week high, on optimism the U.S. Federal Reserve will cut interest rates this week for the first time in more than 10 years, boosting demand expectations in the world’s biggest oil user.- Joe Barone, Shale Directories
- Blog
- July 26, 2019
Crude rises on US stock decline, but manufacturing slowdown caps gains
Crude oil prices rose slightly Thursday amid Middle East tensions and a big fall in U.S. crude stockpiles, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 25, 2019
Oil falls despite big draw in inventories, Mideast tension
Crude oil prices fells Wednesday despite Energy Information Administration data showing a big draw in U.S. crude inventories, 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
Halliburton profit plunges 85% on charges
Oilfield services firm Halliburton on Monday said it cut 8% of its North American workforce as it took fleets of hydraulic fracturing equipment from the field in response to a continued slump in demand for fracking services in the U.S.- Joe Barone, Shale Directories
- Blog
- July 23, 2019
Crudes up more than 1% after Iran seizes British tanker
Brent and West Texas Intermediate crudes rose more than 1% Monday, as investors worried about possible supply disruptions in the Middle East after Iran’s seizure of a British tanker last week, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 18, 2019
Crude oil slips after US fuel inventories grow
Crude oil futures fell Wednesday, extending a more than 3% drop in prices durting Tuesday’s session, after U.S. government data showed large builds in refined product stockpiles, 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
Oil drops after Pompeo says Iran ready to negotiate
Crude oil prices dropped more than $2.45 a barrel Tuesday, as President Trump said progress has been made with Iran, signaling tensions could ease in the Mideast, 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.- 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
Oil prices fall on slowing US demand, economic concerns
Crude oil prices fell Thursday, weighed down by data showing a smaller-than-expected draw on U.S. crude stockpiles and worries about the global economy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 5, 2019
Ensco Rowan plc changing its name to Valaris plc
Offshore drilling-rig and service provider Ensco Rowan plc this week said it’s changing its name to Valaris plc, effective July 31, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- July 4, 2019
Africa Oil in South African block farmout
Canadian firm African Oil announced Wednesday a farmout agreement with Namibian company Azinam Ltd. to acquire interests in a block offshore South Africa, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- June 30, 2019
Oil falls after vow to normalize trade with Iran
Crude oil prices fell just before the settlement Friday after the remaining parties to the Iran nuclear deal vowed to help normalize trade with the country.- Joe Barone, Shale Directories
- Blog
- June 28, 2019
W&T Offshore acquiring Xom assets in GoM for $200M
W&T Offshore said Thursday it’s acquiring ExxonMobil’s interests in and operatorship of oil- and gas-producing properties in the eastern region of the Gulf of Mexico, offshore Alabama, and related onshore processing facilities for $200 million, Kallanish Energy reports.- 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 27, 2019
Crude oil prices jump after massive supply drop
Crude oil prices jumped Wednesday after the Energy Information Administration reported a massive, unexpected drop in U.S. inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 24, 2019