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...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
Read More...Equinor said on Monday it has shutdown four oil and gas fields in the Norwegian Continental Shelf due to an ongoing strike by workers from the Lederne trade union. The “controlled closure” of the fields Gudrun, Gina Krog, Kvitebjørn and Valemon comes after 54 members of the trade union stage an offshore walkout. Production at
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...Tom ShepstoneShepstone Management Company, Inc. …. …. The New York Times has turned into a demagogic trash newspaper peddling outright hype about climate while ignoring the benefits of natural gas. The New York Times writes for those who wish certain things to be true and has been reliably wrong on so much. Who can forget
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about Canadian railway to Alaska, landowner leases, Atlantic storms and much more last week. The Shale Gas News has grown again to the
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Citizens Must Speak Out Against Dangerous Energy Bill I was pleased to be quoted in this piece about the latest monster
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … Resource Environmental Management is a service company, yet another that has achieved much success serving the natural gas industry. When Dawn and Jerry Washo decided to return to Pennsylvania from St. Louis, Missouri to raise their family, Montrose in Susquehanna County appealed to them. The small-town
Read More...... … … Ontario gave a Canadian version of the Green New Deal a decade to prove itself and it failed — spectacularly so — for the province citizenry. In February 2009, Ontario, Canada passed its Green Energy Act. The act entailed: increased integration of wind and solar energy into Ontario’s electricity grid, shutting down coal
Read More...India’s state-run oil company, Bharat Petroleum Corporation (BPCL), will off-take 1 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the Mozambique LNG project, Kallanish Energy learns. BPCL’s financial director Neelakantapillai Vijayagopal told the media after a conference call this week that the company has signed a 15-year supply contract with the African project.
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) DEP dramatically ordered a rerouting of Mariner East after Marsh Creek but DEP earlier ordered what failed and now blames Energy Transfer. It could have been avoided. The Pennsylvania Dept. of Environmental Protection (DEP) has no one to blame but themselves for what happened at Marsh Creek Lake in
Read More...Azerbaijan’s state oil and gas company, SOCAR, said on Monday it has become the main natural gas supplier to Turkey, Kallanish Energy reports. “If a year ago Azerbaijani gas occupied the 4th-5th place in the Turkish market, now we are in the first place, which is very important for us and for Turkey, because gas
Read More...While President Trump and former Vice President Biden have visited the Appalachian Basin numerous times this election cycle, this week’s debate in Cleveland, OH will mark the first time the pair shares the stage to talk about the biggest issues facing our country today. The Shale Revolution has been a game-changer for the region where
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