Erika Green A proposed ethane cracker in eastern Ohio has taken another step forward, Kallanish Energy reports. The giant international engineering firm Bechtel has announced it has been hired by Thailand’s PTT Global Chemical America and South Korea-based partner Daleim to build a $6 billion cracker. A final investment decision has not yet been … Read more
A federal agency has taken the next step in developing a key electric transmission line to serve wind development offshore New York and New Jersey, Kallanish Energy reports. The Interior Department’s Bureau of Ocean Energy Management (Boem) is publishing what is called a request for competitive interest in the Federal Register today. One company, … Read more
Plains All American Pipeline Tuesday announced it’s formed a joint venture with Delek Logistics Partners in the existing Red River Pipeline system, with Delek paying $128 million for a 33% share in the line. Plains retained a 67% interest in the JV and will continue to operate the Red River crude oil system, Kallanish Energy … Read more
HOUSTON – There’s a silent battle being waged by no fewer than three groups trying to secure customers and/or funding for underground natural gas liquids storage in the states of Pennsylvania, Ohio and West Virginia. With Shell Chemical pushing hard to have its world scale ethane cracker 30 miles northwest of Pittsburgh operational by the … Read more
Halcon Resources reported a first quarter 2019 net loss of $336.6 million, or $2.12 per diluted share, as it develops new strategic and financial plans, Kallanish Energy reports. That compares to a Q1 2018 net loss of $2.6 million, or 2 cents a share. The Denver-based company said it generated total revenue of … Read more
Independent oil and gas company Invictus Energy announced Tuesday a Memorandum of Understanding (MoU) with a Zimbabwe-based manufacturer for 20 years of natural gas, Kallanish Energy learns. The gas will come from the Cabora Bassa project, in the onshore Cabora Bassa Basin in Zimbabwe, a joint venture by Invictus (80% ownership) and … Read more
President Trump’s April 10 Executive Orders are the directives which, as the President said “ends the war on American energy.” One order primarily takes the shackles off energy infrastructure (pipelines) construction, while the second mandates the Environmental Protection Agency to review/modify an “outdated” section of the Clean Water Act that requires applicants … Read more
Construction on the $12 billion Nord Stream 2 (NS2) proceeds according to schedule after the EU passed new laws on natural gas pipelines, Kallanish Energy reports. A spokesperson said Friday NS2 work on the 745-mile pipeline importing Russian natural gas to Europe “continues in full compliance with applicable legislation and with full support … Read more
Power failures that kept Venezuela in darkness for much of March also briefly slashed the country’s crude production by 50%, people familiar with the situation told Bloomberg. Rolling blackouts across much of the country that started on March 7 temporarily paralyzed most of the country’s oil industry, Kallanish Energy finds. Oil output … Read more
Royal Dutch Shell Plc this week said it was leaving a U.S. refining lobbying organization in 2020 because the oil supermajor disagrees with the firm’s climate policy, Kallanish Energy learns. The oil giant, in its first review of its association with 19 industry groups, said it found “material misalignment” over climate policy … Read more
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