Erika Green There is a new 1,000-megawatt power plant fueled by natural gas in western Pennsylvania, Kallanish Energy reports. The Hickory Run Energy Center in Lawrence County near New Castle, Pennsylvania, began commercial operations in mid-May. It can produce enough electricity to power 1 million homes and is being fueled with natural gas from the Marcellus and … Read more
Russia’s Sakhalin Energy, the operator of the Sakhalin-2 LNG plant, said on Thursday its oil and gas licenses have been extended for another five years, Kallanish Energy reports. The joint venture between Gazprom, Shell, Mitsui, and Mitsubishi was granted an extension on its development licenses for the Piltun-Astokhskoye and Lunkskoye fields in the Sea of … Read more
ExxonMobil, one of the largest multinational oil and gas companies, has taken decisive action to address concerns over flaring in Guyana’s oil fields. The company announced a significant reduction in oil output in an effort to control flaring rates and minimize environmental impact. This proactive move by ExxonMobil comes amid growing scrutiny and public outcry … Read more
Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie. Tom Ellacott and the Corporate Analysis team at the consulting firm have studied the resilience of the seven oil and gas majors: BP, Shell, Chevron, … Read more
A New Mexico utility will exit current leases for nuclear power and will instead develop renewable power by 2040, Kallanish Energy reports. PNM said it will allow leases for 114 megawatts of electricity power from the Palo Verde Nuclear Generating Station in Arizona to expire. Replacing that reduced capacity will allow PNM “to integrate more renewable … Read more
Norway has unveiled its hydrogen strategy, pitching its development as a “story of hope” for the future, Kallanish Energy reports. Oil and energy minister Tina Bru said in an industry event last week that hydrogen offers “hope for a new world with low emissions. Hope for disruptive change. Hope for new industry and new jobs … Read more
Attorney General Maura Healey wants Massachusetts to formally assess the future of natural gas in the state, Kallanish Energy reports. “In order to combat the climate crisis and meet our clean energy goals, we must transition away from fossil fuels and change the way gas utilities do business in our state,” Healey said in a … Read more
Norway has unveiled its hydrogen strategy, pitching its development as a “story of hope” for the future, Kallanish Energy reports. Oil and energy minister Tina Bru said in an industry event last week that hydrogen offers “hope for a new world with low emissions. Hope for disruptive change. Hope for new industry and new jobs … Read more
Texas-based Gavilan Resources last month filed for Chapter 11 protection, saying it intends to sell its business and assets. It cited the coronavirus pandemic and the oil price rout along with an ongoing dispute with a joint venture partner in the Eagle Ford Shale in South Texas, Kallanish Energy reports. It is among 19 new … Read more
Bulgaria hopes to complete the Balkan Stream gas pipeline by year-end as planned, despite the delay caused by the coronavirus pandemic, Kallanish Energy reports. The 474-km pipeline is an extension to the TurkStream gas pipeline, from Russia to Turkey. With a planned capacity of 20 billion cubic meters per year, the section will deliver gas … Read more
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