Peabody Energy last week said it has a deal to sell its 5.06% share in the Prairie State Energy Campus to the Wabash Valley Power Association for $57 million, Kallanish Energy reports. The transaction is the latest in St. Louis, Missouri-based Peabody’s efforts to streamline its portfolio by selling non-core assets, as it moves to … Read more
China’s State Council on Wednesday approved the construction of two more nuclear units at each of the Tianwan and Fangchenggang nuclear power plant sites, World Nuclear News reported. The council gave its approval for units 5 and 6 of the Tianwan nuclear power plant in Jiangsu Province. Capacity for each unit will be 1,080 megawatts … Read more
The Russia-Ukraine gas supply dilemma could see a new development as the countries continue political and commercial retaliation, Kallanish Energy learns. Russian Energy Minister Alexander Novak said Monday Gazprom will end gas deliveries to Ukraine’s state-owned gas company, Naftogaz, as Kiev had not prepaid for more gas. The prepaid supply, agreed to … Read more
Crude oil production from the top seven U.S. shale plays will fall in December 118,000 barrels per day (BPD) from November’s projection, to 4.95 million BPD (MMBPD) — the biggest monthly drop since May, the U.S. Energy Information Administration reports. The projected aggregate decline in crude production from the seven plays has been below 100,000 … Read more
Denver, Colorado-based independent oil and gas producer Escalera Resources last week filed a petition in the U.S. Bankruptcy Court seeking relief from creditors under provisions of Chapter 11 of the United States Code. The Company believes the Chapter 11 process will provide the greatest flexibility to pursue viable options for asset sales … Read more
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