Erika Green Pipeline operator Kinder Morgan announced last week it’s sold all of its 25 million shares of Canada’s Pembina Pipeline Corp. for $764 million after taxes, Kallanish Energy reports. The money will be used in its 2020 budget to reduce debt, said the Houston-based company. Kinder Morgan acquired the shares when Pembina bought Kinder Morgan Canada last … Read more
Texas-based Energy Transfer, an owner and operator of the Dakota Access Pipeline, wants to increase the pipeline’s capacity by more than 96%, to 1.1 million barrels per day of crude, from the Bakken in North Dakota, through South Dakota and Iowa into Illinois. To increase flow, the company wants to build a series of new … Read more
Brazilian state-run oil company Petrobras is seeking to accelerate its exit from the biofuels segment and has started the process to sell a large stake in BSBios Biodiesel, Kallanish Energy reports. The sale of the 50% stake in the biofuels company will be made in conjunction with partner RP Biofuels, which owns the … Read more
The U.S. Bureau of Land Management has approved a plan to open up 1.2 million acres in central California to hydraulic fracturing (fracking), Kallanish Energy reports. The agency last week released the record of decision that ends a five-year moratorium on drilling on public lands or seeking federal minerals in eight counties … Read more
Denmark is investigating the possibility of building one or more “energy islands” with a capacity to produce 10,000 megawatts of offshore wind power, the country’s energy and climate ministry said Tuesday. The project would need between 200-300 billion krones ($29.6-$44.5 billion) in investment, of which the majority would be met by the private … Read more
The Ohio Supreme Court has dismissed a complaint filed by FirstEnergy Solutions against a proposed referendum that could have killed a $1 billion bailout for two nuclear power plants in northern Ohio, Kallanish Energy reports. FirstEnergy Solutions had argued such a bailout amounted to a tax and cannot be subjected to a … Read more
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. Expectations of output cuts from Opec+ members brought prices back up after they slid briefly following comments from President Trump that a trade deal with China may be delayed. … Read more
In a groundbreaking move towards sustainable energy, the town of Brookline, Massachusetts, has taken a bold step by banning the installation of oil and gas pipes in new construction projects. This progressive initiative reflects Brookline’s commitment to reducing carbon emissions, promoting clean energy alternatives, and addressing climate change. The decision to prohibit oil and gas … Read more
Russian President Vladimir Putin has criticized countries like the U.S. for ignoring the environmental impact of shale oil and natural gas production, describing it as a “barbaric” process the Kremlin won’t pursue, CNBC reports. Speaking at a business conference in Moscow Wednesday, Putin said: “Today’s technology of shale oil production and shale gas are … Read more
Nigeria, one of Africa’s leading oil producers, has seen its oil output reach 1.7 million barrels per day (bpd) in November, according to recent data. This development carries significant implications for Nigeria’s economy, global oil markets, and the country’s energy landscape. The increase in oil production comes amidst various factors affecting Nigeria’s oil industry, including … Read more
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