Federal and state agencies are investigating a $2 million fire suspected of being arson along the Dakota Access Pipeline in central Iowa, Kallanish Energy reports. The fire occurred last weekend near Reasnor in Jasper County. An excavator and three bulldozers owned by a contractor were destroyed. No arrests have been made. The fire is … Read more
Could western Pennsylvania be getting a second ethane cracker plant? That possibility surfaced at an Aug. 23 public meeting in Beaver County where Royal Dutch Shell has plans to build such a facility, Kallanish Energy has learned. A state official, Dennis Davin of the Department of Community and Economic Development, said the … Read more
Nigerian militants have claimed an attack on Chevron-operated oil pipelines — less than two weeks after the government declared a cease-fire, and even as a worker strike further hampered efforts to restore production in the West African country. Rebels known as the Niger Delta Avengers late Wednesday blew up remote pipe systems, which followed an attacked … Read more
The Nigerian militant group calling itself the Niger Delta Avengers (NDA) claimed Thursday to have blown up a pipeline belonging to the Nigerian National Petroleum Corp. (NNPC), the first attack since its proposal for a dialogue with the government, Kallanish Energy learns. “At 4:00am @NDAvengers blow up NNPC Pipeline in Oruk Anam Local Government Area … Read more
Iran, which easily beat expectations for how fast it boosted crude oil exports after sanctions were lifted, now needs a massive cash injection and the easing of remaining trade barriers, or the recovery could be kaput. Most industry watchers said when the shackles on Iran’s oil exports were unbuckled in January following a nuclear pact … Read more
Lack of investment is putting Colombia’s oil industry at risk of loosing its crude self-sufficiency, forcing the country to become an importer, Kallanish Energy learns from the Colombian Petroleum Association (ACP). ACP’s president, Francisco José Mera, said last week crude output could drop to below 400,000 barrels per day (BPD) by 2022, from roughly 900,000 … Read more
Venezuela’s state-owned oil company, PDVSA, has issued at least $310 million in debt to companies including General Electric as it negotiates private issues to pay off its suppliers, industry sources told Reuters. The debt issues are stretching the finances of a company its bondholders already believe is nearing default, Kallanish Energy learns. The securities in … Read more
The head of OPEC said this week his organization doesn’t know how to coexist with the U.S. shale oil industry. “Shale oil in the U.S. — I don’t know how we are going to live together,” Abdalla Salem El-Badri, OPEC secretary-general, told an audience of oil and gas industry executives at the annual … Read more
It’s a concept rarely, if ever discussed in the Marcellus and Utica Shales region, but was heard uttered by no fewer than two speakers at last week’s Seventh Annual Marcellus-Utica Midstream Conference & Exhibition (MUM). The Pittsburgh program is presented by Hart Energy; Kallanish Energy was in attendance. “What if the Marcellus/Utica … 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
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