- Joe Barone, Shale Directories
- Blog
- January 21, 2020
Sinopec to review potential $16B Cheniere deal: sources
China’s Sinopec is planning to review terms of a potential $16 billion liquefied natural gas supply deal with Cheniere Energy, industry officials told Reuters.- Joe Barone, Shale Directories
- Blog
- January 17, 2020
Citi believes there’s an ‘ultimate cap’ on oil prices
The cost of producing electricity from solar energy in the last two years has been lower than that of fossil fuels — and that “permanent change” will limit how high oil prices can climb, according to Citibank, Kallanish Energy understands.- Joe Barone, Shale Directories
- Blog
- January 16, 2020
Oil down slightly after US-China trade deal, US product build
Crude oil prices were down slightly Wednesday, pressured early by data showing big increases in U.S. refined products, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 15, 2020
Global oil markets continue to remain roughly balanced
Global oil markets were roughly balanced in 2019, as oil supply declined slightly and global oil consumption grew at its slowest pace since 2011, the Energy Information Administration reported Tuesday in the January Short-Term Energy Outlook (STEO).- Joe Barone, Shale Directories
- Blog
- January 14, 2020
Oil markets will have to rethink global supply predictions
There could be a reworking of oil market expectations regarding an “ample” global oil supply, Bahrain’s oil minister said Monday, despite expectations U.S.- Joe Barone, Shale Directories
- Blog
- January 13, 2020
Crude slips as investors focus on US inventories
Brent crude oil slipped further towards $65 a barrel on Friday as tensions in the Middle East concerning Iran eased as investors focused on rising U.S.- Joe Barone, Shale Directories
- Blog
- January 10, 2020
Oil falls as focus shifts from Iran tensions to US crude stocks
Crude oil prices fell further Thursday after sharp losses in the day-earlier session, as the market shifted its focus towards rising U.S.- Joe Barone, Shale Directories
- Blog
- January 10, 2020
Oxy soon to begin cutting jobs post-Anadarko takeover
Occidental Petroleum said Wednesday it would begin cutting personnel in a new cost-cutting move following its $38 billion acquisition of Anadarko Petroleum, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- January 9, 2020
Crude falls after Trump says Iran ‘appears to be standing down’
Crude oil prices continued to fall Wednesday after President Trump said Iran is standing down in the Middle East and the U.S.- Joe Barone, Shale Directories
- Blog
- January 8, 2020
Iran attacks US bases in Iraq
Iran retaliates the killing of Qasem Soleimani by firing more than a dozen ballistic missiles against U.S.-led coalition forces in Iraq, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- January 6, 2020
Tenaris closes $1.1B buy of pipemaking rival
Luxembourg-based steel pipe maker Tenaris said last week it’s closed the $1.07 billion acquisition of IPSCO Tubulars from Russian steelmaker TMK, becoming the largest steel pipe maker in North America, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 27, 2019
Oil gains 1% on US-China deal expectations
Oil prices rose Tuesday in thin pre-Christmas trading after Russia said cooperation with Opec on supply cuts would continue and amid optimism the U.S.- Joe Barone, Shale Directories
- Blog
- December 19, 2019
Crude Oil down slightly after smaller-than-expected US inventory fall
Crude oil prices slightly fell Wednesday after Energy Information Administration data showed a decline in crude inventories and on expectations for an increase in demand in 2020 due to progress in resolving the U.S.-China- Joe Barone, Shale Directories
- Blog
- December 12, 2019
Crude oil falls on surprise US inventory build
Crude oil prices dropped roughly 1% Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a new round of tariffs by Washington on Chinese goods would come into force Sunday.- Joe Barone, Shale Directories
- Blog
- December 11, 2019
Chevron hints at divesting Appalachian assets
Chevron hinted Tuesday its Appalachian shale assets could soon be up for sale, along with other parts of its asset portfolio, as the oil supermajor moves to “invest in the highest return, lowest risk projects … ,” Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 11, 2019
Oil rises, but US-China trade war impacts outlook
Crude oil prices slightly rose Tuesday as Opec+’s deal last week to raise output cuts in 2020 continued to provide a floor for prices.- 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 4, 2019
Amazon announces new solar projects in US, Spain
Amazon Tuesday released details of a trio of renewable energy projects in the U.S. and Spain, as the retail giant works to reach net zero carbon across its organization by 2040, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- December 4, 2019
Oil up and down prior to Opec meeting
Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 29, 2019
Steel players in energy face challenging 2020
The new year will likely be challenging for steel players in the energy sector, market sources tell Kallanish, sister publication of Kallanish Energy.- Joe Barone, Shale Directories
- Blog
- November 28, 2019
NA, Asia to contribute 55% of new trunk line length
North America and Asia are projected to dominate global oil and gas new-build pipeline length additions, according to data and analytics company GlobalData.- 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 22, 2019
Crude jumps on hopes of longer Opec cuts
Crude oil prices rose more than 2% Thursday, following a Reuters report Opec+ members are likely to extend output cuts until mid-2020, while new signs emerged China had invited U.S.- Joe Barone, Shale Directories
- Blog
- November 22, 2019
XOM raises assets sales with $25 billion plan: sources
ExxonMobil (XOM) is enlarging its biggest asset sale in decades, with plans to divest up to $25 billion of gas and oilfields in Europe, Asia and Africa, banking sources told Reuters.- Joe Barone, Shale Directories
- Blog
- November 21, 2019
Crude up on smaller-than-expected US inventory build
Crude oil prices moved into the black Wednesday, reversing two days of losses, following a smaller-than-expected build in U.S. inventories, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 20, 2019
Oil falls sharply on oversupply fears, trade talk concerns
Crude oil fell more than 2.5% Tuesday on concerns about excess global crude supply and limited progress toward resolving the U.S.-China trade dispute, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 15, 2019
Crude falls on larger-than-expected US inventory
Crude oil prices fell Thursday as U.S. crude futures were squeezed by a build in domestic inventories and record production, while forecasts from Opec for a lower-than-expected oil surplus supported Brent.- Joe Barone, Shale Directories
- Blog
- November 13, 2019
Crude prices rise on no news on trade talks
Crude oil prices rose roughly 1% Tuesday following a speech from U.S. President Trump that offered few new details about Washington’s trade talks with Beijing, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- November 8, 2019
Oil jumps on hopes for US-China trade deal
Brent and West Texas Intermediate crudes rose Thursday after China hinted at progress towards a trade deal with the U.S., raising hopes for an end to a dispute that’s weighed on economic growth and fuel demand in both countries.- Joe Barone, Shale Directories
- Blog
- November 7, 2019
O&G majors may benefit from offshore wind synergies: Fitch
Oil and gas majors may benefit from investments in offshore wind energy, and the resulting synergies with their offshore hydrocarbon production, Fitch Ratings said.- Joe Barone, Shale Directories
- Blog
- November 6, 2019
Oil gains on trade deal hopes, better demand outlook
Crude oil prices rose more than 1% Tuesday on hopes for a U.S.-China trade agreement and optimism Washington could roll back some of the tariffs it has imposed on Chinese imports, Kallanish Energy learns.- 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 31, 2019
Years of offshore investments could be worthless: Rystad
International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 29, 2019
Crude oil futures fall, after strong week
Crude oil futures settled lower Monday, falling after last week’s strong climb lifted crude prices to a one-month high, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 28, 2019
Offshore wind set to be $1T business by 2040: IEA
Offshore wind should become a $1 trillion business by 2040, the International Energy Agency (IEA) said Friday, with global capacity set for a 15-fold increase, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 27, 2019
Oil prices clock strong weekly gains
Crude oil prices rose Friday, registering the strongest weekly gains in more than a month, Kallanish Energy reports. The gains were due from optimism over a U.S.-China- 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.,- Joe Barone, Shale Directories
- Blog
- October 24, 2019
Crude futures rally following US inventory draws
Crude oil futures rose Wednesday after the Energy Information Administration reported draws in crude and refined products inventories for the first time in five weeks, 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 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 21, 2019
Schlumberger loses $11.4B amid big pretax charges
The world’s largest oilfield services company surpassed Wall Street expectations on third-quarter revenue, but took a huge hit on the bottom line due to pretax charges, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- October 17, 2019
Oil rises on hopes Opec+ will extend supply cuts
Crude oil rose Wednesday, due to signs Opec+ producers will agree to continue to curb supplies when they meet in December, a weaker U.S.- Joe Barone, Shale Directories
- Blog
- October 15, 2019
Oil replacement rate hits 20-year low
Oil and natural gas companies have discovered 7.7 billion barrels of oil-equivalent (Bboe) year-to-date, according to Rystad Energy’s latest global discoveries report, Kallanish Energy learns.- 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%,- 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- 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 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 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
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 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 1, 2019
Hyundai, Cummins to collaborate on hydrogen fuel cells
Hyundai Motor Co. and Cummins Inc. announced the two powertrain companies have entered into a memorandum of understanding (MoU) to jointly evaluate opportunities to develop and commercialize electric and fuel cell powertrains.- 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
EIA projects world energy usage will jump
World energy consumption will grow by nearly 50% between 2018 and 2050, according to International Energy Outlook 2019, presented by the Energy Information Administration.- 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 19, 2019