New York Gov. Andrew M. Cuomo has unveiled plans to phase out coal entirely at New York state power plants by 2020, Kallanish Energy reports. Last week, the New York Department of Environmental Conservation released proposed regulations to require all power plants in New York to meet new emissions limits for carbon … Read more
The Haynesville Shale is back. Natural gas production in the dry gas shale play jumped in both 2017 and 2018. The U.S. Energy Information Administration is projecting Haynesville gas production in May 2018 to reach 8.54 billion cubic feet per day (Bcf/d), up from April’s 8.33 Bcf/d. Production was roughly 6.00 Bcf/d in January 2017. Quiet … Read more
TransCanada may begin preliminary work on its $8 billion Keystone XL oil pipeline project in Montana this coming autumn, with full construction in 2019, Kallanish Energy reports. That possibility emerged last week in a letter from the U.S. State Department to Native American tribes in Montana. The April 10 letter states the Assiniboine … Read more
French oil major Total reached record production in the first quarter of 2018, posting 5% growth year-over-year, despite the expiration of the Mahakam permit in Indonesia, Kallanish Energy reports. The company’s oil and gas output reached 2.70 million barrels of oil-equivalent per day (MMBOE/d) during the January-March period, compared to 2.56 MMBOE/d a year earlier. … Read more
Chinese and Russian state oil companies PetroChina and Rosneft will not pay the costs of repairing and modernizing Venezuela’s Cardón and Amuay refineries for PDVSA, according to union sources. Ivan Freites, senior official of the Venezuelan Unions Federation of Oil Workers, told local newspaper El Nacional the foreign partners decided after lengthy … Read more
Chinese and Russian state oil companies PetroChina and Rosneft will not pay the costs of repairing and modernizing Venezuela’s Cardón and Amuay refineries for PDVSA, according to union sources. Ivan Freites, senior official of the Venezuelan Unions Federation of Oil Workers, told local newspaper El Nacional the foreign partners decided after lengthy … Read more
The Appalachian Basin remains a very busy place. Nearly 2,300 drilling permits were issued in 2017 in the three-state basin, with 1,036 of those wells being spud, said energy consultant Timothy Knobloch. That includes 1,377 Pennsylvania permits, 462 Ohio permits and 459 West Virginia permits, said Knobloch, president of James Knobloch Petroleum Consultants, of Marietta, Ohio. … Read more
Venezuela’s crude oil seaborne exports dropped 27.2% year-over-year in February, as the country struggles to keep production levels from falling due to natural declines and underinvestment, Kallanish Energy learns. Data from UK’s oil analytics firm Vortexa show crude shipments from the OPEC member totaled 1.39 million barrels per day (MMBPD) last month, compared to 1.91 MMBPD in February 2017. … Read more
The U.S. Environmental Protection is reworking former President Obama-era rules on methane emissions from new oil and natural gas wells and other facilities, Kallanish Energy reports. The agency is also rolling back federal rules on coal ash deposits in a move that will produce big savings for electric utilities. The two changes concerning methane will reduce … Read more
Hilcorp Energy, one of the largest privately-held producers in the U.S., announced its billionaire owner, Jeff Hildebrand, has stepped down as CEO, but will remain as executive chairman. “The organizational change comes as the company, a longtime producer in Alaska, Texas and Louisiana, continues to see substantial growth in other legacy assets across the U.S.,” Justin … Read more
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