News
Ohio court dismisses FirstEnergy Solutions’ suit
The Ohio Supreme Court has dismissed a complaint filed by FirstEnergy Solutions against a proposed referendum that could have killed a $1 billion bailout for two nuclear ...
Putin says shale oil technologies are ‘barbaric’
Russian President Vladimir Putin has criticized countries like the U.S. for ignoring the environmental impact of shale oil and natural gas production, describing it as a “barbaric” process the ...
Petrobras accelerates biofuels exit
Brazilian state-run oil company Petrobras is seeking to accelerate its exit from the biofuels segment and has started the process to sell a large stake in BSBios Biodiesel, ...
BLM withdraws acreage from Nevada O&G lease sale
The U.S. Bureau of Land Management has pulled 332,247 acres from the Nov. 12 oil and natural gas lease sale in Nevada due to a court order blocking ...
Kinder Morgan sells Pembina Pipeline interest for $764M
Pipeline operator Kinder Morgan announced last week it’s sold all of its 25 million shares of Canada’s Pembina Pipeline Corp. for $764 million after taxes, Kallanish Energy reports. The money ...
BLM ends five-year drilling moratorium in central California
The U.S. Bureau of Land Management has approved a plan to open up 1.2 million acres in central California to hydraulic fracturing (fracking), Kallanish Energy reports. The ...
India investing over $60B in gas supply, infrastructure
India is investing over $60 billion in natural gas supply and distribution infrastructure as it seeks to more than double the share of natural gas in its ...
Energy Transfer boosts Q2 net income by $523M
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 ...
Catch The Buzz
Welcome to this week’s edition of The Buzz, a weekly feature where Kallanish Energy editors select the quartet of stories this past week we feel were the most important – and have the ...
Oil up and down prior to Opec meeting
Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports. Expectations of output cuts ...