Antero says production grew by 9% in 2Q

Antero Resources has reported a GAAP net loss of $463 million or $1.73 per share in the second quarter 2020, Kallanish Energy reports. That compares to a net income of $42 million or 14 cents per share in 2Q 2019. The company has not curtailed any prediction due to the coronavirus pandemic and resulting low

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While U.S. Pipelines Face Siege from Extremists, China Moves Ahead

 ... … … [Editor Comment: Pipelines here at home in the U.S. are ever harder to get done as extremist opponents tie them up in courts, but China is moving ahead ever faster.] While pipelines in the United States face increasingly hostile legal challenges, China is seeing the importance of a national oil and natural

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Judge orders Dakota Access shut down for environmental review

A federal judge has ordered that the Dakota Access oil pipeline be temporarily shut down by Aug. 5 for an in-depth environmental review of the project, Kallansh Energy reports. That order came from U.S. District Judge James Boasberg in what was a major setback for the Trump administration and the controversial pipeline and a major

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Canada Supreme Court backs pipeline project

Canada’s Supreme Court has dismissed an appeal from British Columbia First Nation groups against expanding the Trans Mountain oil pipeline, Kallanish Energy reports. The court in Ottawa, Ontario, has dismissed appeals from four First Nation groups, effectively ending the year-long legal battle over the project. The court gave no reason for its decision. Work has

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US gas storage build exceed expectations

U.S. natural gas storage build surpassed expectations rising by 120 billion cubic feet (Bcf) in the week ending June 19, according to data from the U.S. Energy Information Administration (EIA). The latest estimates, covering the week of 12-19 June, pointed to a storage level of 3,012 Bcf. The volume is 32.5% higher than the same

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Exmar readies to dispute YPF’s force majeure notice

Belgium shipping company Exmar is considering the best way to defend its interests in a dispute with Argentina’s YPF, Kallanish Energy reports. The company said last week it received notification of force majeure from YPF under the Charter Agreement and Services Agreement they hold for the Tango FLNG barge. Exmar said the move is “unlawful,” and

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Gazprom, CNPC discuss extra 6 Bcm/y gas supplies

Russian gas giant Gazprom is negotiating an additional 6 billion cubic meters per year (Bcm/y) of gas supply to China, Kallanish Energy reports. The company is in talks with its partners to increase gas deliveries via the Power of Siberia, CEO Alexey Miller said in an interview published on Gazprom’s website last Friday. If an

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TechnipFMC bags two new contracts from Equinor

UK’s oilfield services company, TechnipFMC, has bagged two new contracts from Norway energy major Equinor, Kallanish Energy reports. The deals are worth up to $189.7 billion and comprise pipelaying and subsea installation for projects in the Norwegian Continental Shelf, Equinor said on Tuesday. It covers the Breidablikk project and a gas import system for the

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Snam, investment funds buy 49% stake in Adnoc gas pipeline assets

Italy’s energy infrastructure operator, Snam, has partnered with five international funds to invest in a 49% stake in Adnoc Gas Pipelines, in a deal valuing the Abu Dhabi company in $20.7 billion. The transaction, announced by Adnoc and the other companies on Tuesday, is expected to close in July. Once complete, the newly created subsidiary

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Pa. charges Cabot with 15 environmental violations

Pennsylvania Attorney General Josh Shapiro on Monday announced that a state grand jury has charged Cabot Oil & Gas in connection with 15 environmental crimes in northeast Pennsylvania, Kallanish Energy reports. The company was charged with seven counts of prohibition against discharge of industrial wastes, seven counts of prohibition against other pollutions, and one count

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Clean energy needs a boost to reverse Covid-19 economic damage: IEA

The Covid-19 pandemic has dealt a massive blow to countries around the world and brought up “worrying implications” for clean energy transitions, the International Energy Agency (IEA) said in a new report. The crisis is chocking economies and significantly impacting the energy sector, the Paris-based agency said. Unprecedented action and leadership from governments, companies, and

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Trump administration change aids renewable projects

The Trump administration provided a major boost to developers of renewable energy, in the wake of the coronavirus pandemic, Kallanish Energy reports. The U.S. Treasury Department and the Internal Revenue Service last week issued a Notice 2020-41 to provide tax relief to affected taxpayers involved in solar and wind projects by extending the safe harbor

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Largest New Jersey solar facility is operational

New Jersey’s largest solar facility is now in operation. The 28.5-megawatt facility in located on Naval Weapons Station Earle in Tinton Falls, New Jersey, Kallanish Energy reports. The facility on 170 acres was designed and built by CS Energy LLC. with headquarters in Edison, New Jersey. It is owned by Vitol Green Holdings, Ben Moreell

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US rig count drops an additional 17 rigs: BH

The number of drilling rigs in the United States continued to plummet, Kallanish Energy reports. The total dropped by 17 in the count released last Friday by Baker Hughes, the Texas-based well services company. There were 301 rigs at work in the U.S., down from 318 on May 22. A year ago, there were 984 rigs at work. That

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Appeals court blocks Keystone XL construction

A federal appeals court has refused to lift the ruling of a Montana federal judge that blocks construction on the Keystone XL oil pipeline. That ruling could add a new delay for the $8 billion pipeline project from western Canada to the U.S. Midwest, Kallanish Energy reports. TC Energy, the Canadian company behind the pipeline,

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