A Nevada energy company said it wants to purchase an unfinished nuclear power plant from the Tennessee Valley Authority (TVA) and use the site in northeast Alabama to produce electricity with new technology. Michael Dooley, managing partner of Phoenix Energy of Nevada, told the Associated Press his company wants to use the mothballed Bellefonte Nuclear … Read more
A group of Nuclear Regulatory Commission engineers is urging its regulatory employer to order nuclear power station operators to fix a design flaw in nearly all U.S. nuclear plants the engineers believe could endanger emergency core cooling systems. Further, the group wants the problem fixed or the units shut down, Kallanish Energy learns. Seven engineers … 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
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
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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