A battle between Chevron and Occidental Petroleum, which now includes billionaire investor extraordinaire Warren Buffett, to take control of U.S. independent producer Anadarko Petroleum, is fueling speculation about more deals to come. But oil supermajor BP Plc CEO Bob Dudley Tuesday said his employer will not get involved. BP acquired BHP Billiton’s U.S. shale assets for
Read More...United Conservative Party leader Jason Kenney was sworn in Tuesday as the 18th premier of Canada’s largest crude-producing province, Alberta, and named a cabinet he says will go to bat for the energy sector, Kallanish Energy reports. Kenney, a former conservative federal cabinet minister, won the election in a landslide victory against Rachel Notley’s New
Read More...Daniel B. Markind, Esq.Flaster Greenberg PC We’re getting to a decision on the Northeast Supply Enhancement (NESE) project. A Cuomo pipeline decision will have profound consequences for New York City. While little noticed outside of the energy industry, New York Governor Andrew Cuomo is about to make one of the seminal decisions of his tenure. Before
Read More...Tom ShepstoneNatural Gas NOW … … A report from Pennsylvania’s Auditor General shows why giving severance tax money to Tom Wolf would simply further subsidize Philadelphia buses and trains. Every year Governor Tom Wolf tells his Pennsylvania constituents he needs a severance tax on natural gas. He says he needs it for one thing one
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 and Sundays on YesFM, talked about a wastewater plant, longest onshore laterals, Gene Yaw’s bill and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our
Read More...The increased use of natural gas in electricity generation contributes to long-term “climate stabilization objectives,” according to a new study published in Nature. Notably, the study’s top line finding should address concerns that natural gas is less effective at reducing emissions than initially anticipated: “We found that the coal-to-gas shift is consistent with climate stabilization
Read More...Increased natural gas consumption has generated a truly incredible story for the environment as U.S. greenhouse gas emissions have fallen to their lowest levels since 1992. But the air quality improvements go even further, as a new Energy In Depth analysis shows: The U.S. oil and gas industry is also making incredible progress in reducing
Read More...Thanks to America’s energy renaissance, the energy and utility sector has the highest median salary of any industry in the S&P 500, with the typical worker at one energy company earning almost $200,000 annually, according to the Wall Street Journal. An analysis of annual pay disclosures by the Journal found that Phillips 66, Anadarko Petroleum
Read More...Tom ShepstoneNatural Gas NOW … … The recently released FERC State of the Markets Report, 2018″ report is an update on the progress of the shale revolution as it moves forward claiming new territory. The highlights say it all (emphasis added): Natural gas markets experienced record high demand and supply. Natural gas storage fell to
Read More...Energy infrastructure company Sempra Energy has completed the sale of its U.S. renewables business and non-utility natural gas storage assets for roughly $2.5 billion in cash, Kallanish Energy reports. The announcement comes with Monday’s completion of the sale of its remaining ownership interests in operating and development-stage wind assets to American Electric Power for $584 million in cash.
Read More...Murphy Oil Corp. announced its Murphy Exploration & Production Company – USA unit is acquiring deepwater Gulf of Mexico assets from LLOG Exploration Offshore and LLOG Bluewater Holdings for $1.38 billion in cash, Kallanish Energy reports. Additional contingent consideration payments are based on the following: up to $200 million in the event revenue from certain
Read More...... … … Fractivism is anything but grassroots. Rather, it is funded and orchestrated Big Green, Inc. and the Institute for Energy Research is documenting it all. Last year, as readers might recall, IER launched Big Green, Inc. to began exposing the under-the-radar funders that underwrite the anti-American energy movement and its anti-fracking ballot measures,
Read More...Kelsey MulacCabot Oil & GasExternal Affairs, Pittsburgh … … The environmental benefits of natural gas are truly extraordinary, although fractivists are loathe to admit they exist. The truth is in the numbers, though. Did you know that natural gas is clean burning? This is good news for the atmosphere: replacing traditional dirtier energy sources with
Read More...Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … New York climate plans will have no discernible impact on climate. Is this why proposed legislation doesn’t attempt to quantitative global warming impacts? In the 2019-2020 regular sessions the New York State (NYS) legislature is debating the Climate and Community Protection Act (CCPA). This post calculates how
Read More...Welcome to this week’s edition of The Buzz, a weekly feature where Kallanish Energy editors select the quartet of stories this past week we feel were the most important – have the chance to make the biggest impact on the oil and gas industry — and energy as a whole. This week’s selections include: Venezuela bypasses U.S. sanctions
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