Earlier this week the Trump administration announced plans to roll back protections for endangered species, according to Seeking Alpha. The move could expand oil and gas drilling and other development in the United States, as the plan includes allowing economic factors to be weighed in before adding an animal to the list. The revisions won’t
Read More...Holding company PG&E Corp., operating under bankruptcy court protection, said the board of its Pacific Gas and Electric Co. unit (also in bankruptcy), has appointed Andrew M. Vesey CEO and president, effective Aug. 19. He will report to PG&E Corp. CEO and president Bill Johnson, Kallanish Energy reports. In his role, Vesey will have responsibility
Read More...Citgo Petroleum’s board has selected Carlos E. Jorda as its chief executive, selecting a veteran refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against its parent, Petroleos de Venezuela (Pdvsa). Citgo severed ties with Pdvsa earlier this year after President Trump levied sanctions on the state-run company and
Read More...President Donald Trump visited the soon-to-be-completed Shell Pennsylvania Petrochemicals Complex in Monaca Tuesday, hailing the plant as an example of US energy dominance, according to FOX 40. The petrochemicals plant is located in Monaca, just outside of Pittsburgh. It is scheduled to be finished early next year, and will focus on producing plastic made from
Read More...The National Energy Technology Laboratory is conducting tests of a Marcellus Shale well in West Virginia that could reveal ways to improve production efficiency and environmental performance in the region, according to Daily Energy Insider. The NETL took a 139-foot core sample from a new experimental well operated by the Marcellus shale Energy and Environmental
Read More...Enbridge Inc recently announced it is working on a plan to put in service a couple of pipelines adjacent to the Texas Eastern natural gas pipeline in Kentucky that exploded Aug. 1, causing one casualty, according to Reuters. The company did not specify when the two pipelines would return to service. However, it announced earlier
Read More...Southwestern Energy Co. recently announced it plans to reduce its rig count from six to two in coming weeks as part of a larger initiative to reduce spending and better control costs, according to Natural Gas Intelligence. The company also trimmed its full-year capital budget, saying spending would not eclipse $1.15 billion in 2019 —
Read More...Gary Gould has more than three decades of oil and gas industry experience, but his last position lasted just 1% of that timeframe. Gould, who left the employ of oil producer Continental Resources to join EQT Corp., the U.S.’s largest dry gas producer, lasted exactly five months – less than one month in the employ
Read More...South Dakota tribal leaders are requesting a public hearing in North Dakota about a proposed increase in crude oil carried by the Dakota Access Pipeline (Dapl), Kallanish Energy reports. Energy Transfer Partners plans to expand the pipeline’s capacity from more than 500,000 barrels per day, to as much as 1.1 million barrels per day (Mmbpd)
Read More...Crude oil prices fell more than 4.3% Wednesday, to a seven-month low, extending recent heavy losses following a surprise build in U.S. crude stockpiles and fears demand will shrink due to Washington’s growing trade war with Beijing. Brent crude futures dropped 4.4%, to $56.35 a barrel, a seven-month low. Prices have lost more than 20%
Read More...Crude oil prices fell slightly Tuesday, with Brent crude remaining near seven-month lows just below $60 a barrel due to growing trade tensions between China and the U.S., Kallanish Energy reports President Trump is vowing to impose new tariffs on Chinese imports, and China is retaliating by making further moves against U.S. agricultural purchases. The
Read More...Black Bear Midstream said Tuesday it’s entered into a seven-year gas gathering and processing agreement with an unnamed Cotton Valley producer in Louisiana’s Desoto and Caddo parishes, Kallanish Energy reports. Black Bear will build roughly 20 miles of 16-inch, rich gas gathering pipeline west of its DeSoto Parish, 140 million cubic feet per day cryogenic processing
Read More...Caliber Midstream Holdings said Tuesday it’s acquired Bakken assets in North Dakota from American Midstream Partners for an undisclosed price, Kallanish Energy reports. The purchase expands Caliber’s crude oil gathering and transportation service lines and widens Caliber’s area of operations within McKenzie County, North Dakota. The acquired assets include a Federal Energy Regulatory Commission-regulated crude
Read More...Chesapeake Energy Corp.’s shares reversed course yesterday, trading down nearly 12% as Wall Street analysts raised concerns about its debt level and the impact of spending on its cash flow, according to Reuters. Concerns of Chesapeake overspending come as investors are pressing oil and gas producers to cut their budgets and save cash for dividends
Read More...Enbridge Inc has closed the section of its Texas Eastern pipe that killed one person when it exploded on Thursday, so it can work with federal and state officials to investigate the incident, according to Reuters. The explosion occurred near Danville, Kentucky, marking the second so far this year on the Texas Eastern system. The
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