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,
Read More...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
Read More...Chevron Corp. on Monday announced the closing of its acquisition of Noble Energy, Kallanish Energy reports. The closure came after Noble Energy shareholders had approved the $13 billion deal in a Friday vote. “We are pleased to welcome Noble Energy employees and shareholders to Chevron. Noble’s high-quality assets complement Chevron’s advantaged upstream portfolio and the
Read More...Devon Energy has completed on its $830 million sale of its Barnett Shale assets in North Texas to a subsidiary of Banpu Kalnin Ventures, Kallanish Energy reports. The deal marks Devon Energy’s exit from the Barnett Shale. The deal was signed with BKV Barnett LLC. The transaction had been announced last December and was revised last
Read More...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%
Read More...The U.S. Army’s Fort Bragg will soon become home to the largest floating solar plant in the southeastern United States, Kallanish Energy reports. The military complex in North Carolina will be getting a 1.1-megawatt system under a contract awarded to Duke Energy. It was awarded a Utility Energy Service Contract for the project. The $36
Read More...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
Read More...Palladium Energy LLC and Inverdale Energy Partners have formed a joint venture to develop 500 megawatts of utility-scale solar and solar storage across the United States, Kallanish Energy reports. That is the initial development portfolio. The JV is known as Palladium Energy Development LLC. The companies did not detail plans for the initial solar development. “This
Read More...Entergy Corp. has announced that is accelerating its climate action goals with a plan to achieve net-zero carbon emissions by 2050, Kallanish Energy reports. The Louisiana-based utility also reaffirmed its commitments to grid reliability and affordability for customers. That new goal is “another major step forward,” said Leo Denault, Entergy’s chairman of the board and
Read More...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
Read More...French energy major Total announced on Thursday it will convert its Grandpuits crude oil refinery to produce renewable diesel and bioplastics, Kallanish Energy reports. Killing two birds with one stone, Total will shut down its crude refinery after a structural problem with a key pipeline reduced its operational rate to 70% of capacity. To resume
Read More...Biomethane can help decarbonize Europe’s gas markets, but continued growth depends on policy support, Wood Mackenzie said this week. According to analysts Graham Freedman and Nnenna Amobi, the carbon-neutral renewable gas can be directly injected into existing natural gas infrastructure and decarbonize the heating and transport sectors. That’s because biomethane is a purified form of
Read More...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
Read More...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
Read More...The global energy storage market is projected to grow to $546 billion by the year 2035, according to a new recent report by Florida-based Lux Research. One of the largest markets with an expected 76% compound annual growth rate and an increase in revenues of $8 billion in the next three years is residential storage,
Read More...