Sinopec eyes hydrogen supply chain push

China’s Sinopec is said to be ready to push development and investments towards the hydrogen supply chain, seeking leadership in future energy sources, Kallanish Energy reports. The giant oil refiner reportedly said on Thursday, during its earnings call, that it would “reallocate some of our resources all along the hydrogen chain.” The strategy is “a

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China’s gas demand to grow 10% this winter

Chinese demand for natural gas is expected to grow by 10% year-on-year this winter, as a Covid-19 recovery spurs higher residential and industrial consumption, state oil companies said on Thursday. Presenting at a gas seminar in Beijing, the companies said demand during the 2020/21 peak winter season is estimated at 148 billion cubic meters (Bcm),

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Six contractors hired to build Keystone XL in US

TC Energy on Thursday awarded more than $1.6 billion in contracts to six major American contractors to build more than 800 miles of the now-stalled Keystone XL Pipeline in three states in 2021, Kallanish Energy reports. The six companies will be responsible for hiring more than 7,000 union workers. The companies are Barnard Pipeline of

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Petrobras may need new bidding for LNG terminal lease

Brazilian state-run oil company Petrobras may have to start a new bidding process for the lease of a liquefied natural gas (LNG) regasification terminal in Bahia, Kallanish Energy reports. The company said late last week it opened bids from three companies: bp, Compass Gas e Energia and Golar Power. Only one commercial proposal was received,

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Vietnam clears ExxonMobil’s $5B LNG-to-power project

Vietnam has given ExxonMobil the green lights to proceed with the massive LNG-to-power project, estimated to cost $5.09 billion, Kallanish Energy reports. The northern port city said last week authorities have approved the development, which includes power plants and an import terminal. The statement follows on a previous welcome statement by the Vietnamese government in

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Energy transition poses credit risks to NOCs: Moody’s

National oil companies (NOC) are less prepared for the energy transition than their counterparts in the private sector, which increases their credit risks, Moody’s said Monday. According to a new report by Moody’s Investors Services, the energy transition poses varying degrees of credit risk to the world’s largest NOCs. Those in oil importing countries, where

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XOM to reduce European workforce by 1,600

ExxonMobil said Monday it will cut up to 1,600 jobs in its European affiliates by the end of 2021, Kallanish Energy reports. The move is part of a global review aimed at improving efficiency and reducing costs, through reorganizations and work-processes changes. But reflects the increased “urgency” in ongoing efficiency work due to the demand

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Suncor Energy to layoff up to 15% of workforce

Suncor Energy has announced plans to cut its workforce by up to 15% over the next 18 months, after crude oil demand has been reduced by the coronavirus pandemic, Kallanish Energy reports. The company, with headquarters in Calgary, Alberta, said 5% of the workers will be cut in six months and another 10% to 15%

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Solar dominates Maine’s renewables procurement

Solar projects dominated Maine’s largest renewables procurement, Kallanish Energy reports. Solar will provide about 482 megawatts of the 546 megawatts of projects approved for long-term energy projects earlier this week by the Maine Public Utilities Commission. The commission approved 17 projects including solar, onshore wind, hydro and biomass. They were the first to win approval

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Ohio AG files suit to block nuclear bailout payments

Ohio Attorney General Dave Yost is seeking to keep the owner of two nuclear power plants in Ohio from getting $1.3 billion in bailout money in what has become the largest bribery scandal in state history, Kallanish Energy reports. Yost on Wednesday filed a lawsuit in Franklin County Common Pleas Court to keep Energy Harbor

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German, Scottish wind associations ink cooperation deal

German wind power association WAB and Scottish wind consortium DeepWind have signed a three-year cooperation agreement to develop a market for green hydrogen from wind power. The parties said in a joint statement on Wednesday that the aim is to promote the offshore wind industry and the production of green hydrogen at sea transnationally. The

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DOE awards $24M to battery, methane detection projects

The U.S. Department of Energy has awarded $24 million to two projects to commercialize sodium-ion battery development and methane detection technologies, Kallanish Energy reports. A $19 million grant went to California-based Natron Energy and a $5 million grant was awarded to Montana-based Bridger Photonics. The grants were awarded as part of DOE’s Advanced Research Projects

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ExxonMobil makes new discovery offshore Guyana

ExxonMobil has announced its 18th offshore Guyana crude oil discovery at the Redtail-1 well, Kallanish Energy reports. That discovery will add to the 8 billion oil-equivalent barrels projected from the Stabroek Block. “Our Stabroek Block exploration program continues to identify high-quality reservoirs in close proximity to previous discoveries, establishing efficient opportunities for new projects in

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Chesapeake, FERC in fight over pipeline contracts

Chesapeake Energy wants to terminate a $300 million pipeline contract in its Chapter 11 bankruptcy proceedings, Kallanish Energy reports. That request has been opposed by pipeline giant Texas-based Energy Transfer. Now the Federal Energy Regulatory Commission is supporting Energy Transfer and is getting involved in the ongoing legal fight, Reuters reported. FERC has argued in

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BLM taking comments on Permian sand conveyor

The U.S. Bureau of Land Management has opened a public comment period for a proposed conveyor system on public lands to move sand for hydraulic fracturing (fracking) in the Permian Basin of West Texas and New Mexico, Kallanish Energy reports. The Kermit Overland Conveyor Project is being developed by Texas-based OLC Kermit LLC, a subsidiary of

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