Swedish special steelmaker Ovako has successfully tested the use of hydrogen to heat steel, opening up further possibilities to reduce the carbon footprint of the steelmaking industry, Kallanish Energy reports. The test was done within a full-scale trial launched by the company together with its partner Linde Gas. The partners used hydrogen instead of liquefied petroleum … Read more
A third state is looking into requiring oil and natural gas production cuts: North Dakota. It would join Texas and Oklahoma that are both considering similar proposals. North Dakota, the No. 2 oil production state in the United States, have set a May 20 hearing on whether or not the current production of oil and … Read more
The Petroleum Services Association of Canada (PSAC) is predicting that well drilling in 2020 will be at its lowest level in decades, Kallanish Energy reports. In a second update, the Alberta-based national trade group said has revised the number of wells expected to be drilled this year to 3,100. That is a reduction of 31% … Read more
Chesapeake Energy has adopted a poison pill shareholder rights plan to protect the company from any takeover attempts due to its low stock prices, Kallanish Energy reports. Last Thursday, the Oklahoma-based O&G company adopted what is called a purchasing dividend for shareholders or a shareholder rights plan. The shareholder rights can be exercised if a … Read more
Texas and Oklahoma are both looking at cutting production of crude oil and natural gas because of low prices tied to the coronavirus pandemic and the oil price rout. On Tuesday, the Texas Railroad Commission held a 10-hour video hearing with 55 witnesses including energy companies and trade groups on a possible … Read more
British oil major BP seeks to delay first gas on its operated Greater Tortue Ahmeyin project by one year due to the coronavirus pandemic, Kallanish Energy reports. Liquefied natural gas shipping company Golar LNG said earlier this week it received a force majeure notice from BP under its 20-year lease and operate agreement for the … Read more
A federal review of the under-construction Mountain Valley Pipeline (MVP) and its impacts on endangered or threatened wildlife has been delayed again, Kallanish Energy reports. The Federal Energy Regulatory Commission, the U.S. Fish & Wildlife Service and Mountain Valley Pipeline last week agreed to take another 32 days to April 27 to complete the biological … Read more
Tesla has announced that it intends to retool a solar panel factory in western New York state to manufacture medical ventilators due to the coronavirus pandemic, Kallanish Energy reports. That plan for the Tesla Giga New York factory in Buffalo, New York, was announced last week in tweet by CEO Elon Musk. Tesla will make … Read more
Wind developer Vestas has secured its fourth intertidal project contract in Vietnam with a 29-megawatt order, Kallanish Energy reports. The Ben Tre VI-3 wind project will be located in the Ba Tri District of Ben Tre province in the Mekong Delta region of Vietnam. The contract calls for seven wind turbines in … Read more
German independent gas and oil producer Wintershall Dea reported this week a 9% increase on its output in 2019 and a 20% reduction on its production costs, Kallanish Energy reports. The company produced 642,000 barrels of oil equivalent per day (Boe/d) last year. Meanwhile, its production costs were reduced to $4.30/Boe, almost half the industry … Read more
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