The U.S.’s 10th most populous U.S. city Tuesday moved to ban natural gas in most new residential buildings, beginning next year, Kallanish Energy reports. The 10-member San Jose, California, city council and Mayor Sam Liccardo voted unanimously to make San Jose the largest U.S. city so far to seek to reduce greenhouse gas emissions by
Read More...Energy industry experts who comprise the Potential Gas Committee announced Wednesday the volume of producible natural gas in the U.S. has jumped roughly 20% since their last assessment two years ago. The increase of 557 trillion cubic feet (Tcf) reported by the Pgc is the highest assessment in its 54-year history. The organization estimates total
Read More...Iraq will immediately comply with Opec production cuts after months of overproduction, its oil minister told CNBC Tuesday. The second-largest crude producer in the 14-member cartel is known to chronically overproduce even as the group tries to curb output to help prop up prices, Kallanish energy reports. In August, Baghdad reported its highest oil production on
Read More...EQT Corp. said Tuesday it’s cutting its workforce by 23% — 196 positions – and chopping departments to 15 from 58 – all designed to improve operational effectiveness, and create a more efficient, nimbler organization. The workforce reduction will save roughly $50 million in general and administrative expenses annually, Kallanish Energy reports. All actions announced
Read More...U.S. pipeline operator Plains All American has abandoned a plan to institute a surcharge to offset Section 232 steel tariffs for its new Cactus II Pipeline, following objections by ConocoPhillips and Encana, according to regulatory documents secured by Kallanish, sister publication of Kallanish Energy. The proposed tariff would have been $0.05/barrel on its 670,000 barrels
Read More...Energy consumption in the U.S. reached a record high of more than 101 quadrillion British thermal units (quads) in 2018, surpassing the previous high recorded in 2007, by less than 0.3%, the Energy Information Administration reports. For nearly 70 years, the electric power sector, which both consumes and produces energy, has been responsible for some of the
Read More...U.S. exports of liquefied natural gas reached a new peak of 4.7 billion cubic feet per day in May, according to the latest data from the U.S. Department of Energy’s Office of Fossil Energy, Kallanish Energy reports. This year, the U.S. became the world’s third-largest Lng exporter, averaging 4.2 Bcf/d in the first five months of the
Read More...British shale gas producer Cuadrilla said Thursday it would restart fracking at its Preston New Road site in Britain in the third quarter of 2019, with plans to use a thicker fracking fluid to help reduce earth tremors, Kallanish Energy finds. Operations at the first well at the Preston New road site in Lancashire were
Read More...California utility Pacific Gas & Electric (Pg&e) knew power lines in Northern California could fail and cause wildfires, but the company delayed repairs for years before a 2018 blaze that killed 85 people, according to a Wall Street Journal investigation. The utility identified parts that needed repair on its transmission lines to prevent “structure failure resulting (in) conductor
Read More...It wasn’t hard to figure out the backers of the two sides in the proxy battle between independent producer EQT and dissidents known as the Rice Team Wednesday morning, at the long-awaited annual meeting. Kallanish Energy was on hand for the meeting. Body language and facial expressions for status quo EQT, represented by CEO Rob
Read More...The share of U.S. total utility-scale electricity generation from natural gas-fired power plants will rise from 35% in 2018, to 38% in 2019, and then decline slightly in 2020, according to the latest Steo, Short-Term Energy Outlook, produced by the Energy Information Administration. EIA/Steo forecasts the share of U.S. generation from coal will average 24%
Read More...West Texas Intermediate crude oil prices will average $62 a barrel in the second half of 2019, and $63/Bbl in 2020, the Energy Information Administration projects in the just-released Short-Term Energy Outlook (Steo), Kallanish Energy reports. EIA’s forecast WTI price of $63/Bbl for December 2019, should be considered in the context of Nymex WTI futures and options
Read More...Israel’s Delek Drilling said it has completed testing of a subsea natural gas pipeline to Egypt, but commercial sales by June 30 did not occur as originally projected, Kallanish Energy understands. Delek and its partner, the U.S.’s Noble Energy, signed a deal early in 2018 to export $15 billion in natural gas from Israeli offshore gas fields
Read More...Pacific Gas and Electric said Wednesday it’s reached agreements to resolve wildfire claims made by 18 local public entities (cities, counties, districts and public agencies) impacted by the 2015 Butte Fire, 2017 Northern California wildfires and 2018 Camp Fire. Under the agreements, $1 billion in payments will be made as part of a Chapter 11
Read More...CECIL TOWNSHIP, Pennsylvania – The Appalachian Basin, specifically the trio of states including Pennsylvania, Ohio and West Virginia, is approaching a tipping point when determining what is done with the substantial volume of ethane produced here. There are three scenarios concerning ethane, according to Charles Zelek, a senior economist in the U.S. Department of Energy’s Office
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