Erika Green Russian producer Gazprom was the global leader in oil/gas production growth over the past five years, according to a note released Thursday by independent research company Rystad Energy. It was followed by Chinese state-owned PetroChina and the U.S.’s largest dry gas producer, EQT Corp., Kallanish Energy learns. Gazprom had growth of more than … Read more
Brazilian regulator National Agency of Petroleum, Natural Gas and Biofuels (Anp) said last week it expects revenue of $425 billion from the 16th Exploratory Blocks Bidding Round. The authority also expects $112 billion in investments, Kallanish Energy reports. The bidding round is scheduled for Oct. 10, offering 36 blocks in five offshore sedimentary … Read more
Energy Transfer LP has reported second quarter 2019 net income of $878 million, or 33 cents per share, Kallanish Energy reports, up $523 million, or 147.3%, compared to Q2 2018. The increase is due primarily to higher operating income and the impact of the simplification transaction involving Energy Transfer and Energy Transfer Operating in October 2018, … Read more
Montage Resources is the latest E&P company reducing full-year 2019 capital spending (Capex), Kallanish Energy reports. The company said it has reduced second half 2019 activity levels from two rigs to one rig, resulting in lowered capital spending of $30 million in the Appalachian Basin. The reason for the reduction is low commodity … Read more
A company that specializes in decommissioning nuclear reactors is negotiating to acquire and dismantle Pennsylvania’s infamous Three Mile Island’s Unit 2 reactor, Kallanish Energy reports. The long-mothballed reactor was the site of the worst nuclear accident in the U.S., in 1979. Utah-based Energy Solutions has signed a non-binding term sheet with Gpu Nuclear, a subsidiary of Ohio-based … Read more
India is the Asia-Pacific country with the lowest renewable energy cost, according to a new research note released by independent research company Wood Mackenzie. The levelized cost of electricity (Lcoe) fell to $38 per megawatt-hour (MWh) this year, thanks to solar photovoltaic (PV). It’s 14% cheaper than coal-fired power, Kallanish Energy learns. … Read more
Plans for a Brazilian petrochemical company building an ethane cracker in northern West Virginia are dead, but state officials are still hoping another developer will build such a complex on the site, Kallanish Energy reports. That news came out last week in a series of statements and news reports. Brazil’s Braskem is … Read more
Plans for a Brazilian petrochemical company building an ethane cracker in northern West Virginia are dead, but state officials are still hoping another developer will build such a complex on the site, Kallanish Energy reports. That news came out last week in a series of statements and news reports. Brazil’s Braskem is … Read more
Ohio’s economic development arm has awarded its largest grant ever for site work for a massive, multibillion-dollar petrochemical plant being considered for eastern Ohio, Kallanish Energy reports. The $30 million JobsOhio grant is another step taken to positively influence Thai chemical company PTT Global Chemical America and its South Korean partner, Daelim … Read more
Gas-rich Russia is working to boost its liquefied natural gas production to capture 20% of the global market by 2035. According to the report Russia’s New LNG Strategy: Breaking the Ice, released by IHS Markit last year, the country aims to create a whole new industry to benefit multiple sectors of the domestic economy by marketing its untapped Arctic … Read more
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