Gulfport Energy Corp. recently revealed in a regulatory filing that it’s been in discussions with its lenders about filing for bankruptcy, according to Natural Gas Intelligence. Furthermore, Gulfport entered a 30-day grace period to defer an interest payment that was due Thursday on its 6% unsecured note due 2024. During the grace period, the company
Read More...A team of Harvard researchers found elevated levels of radioactivity on air particles measured downwind of fracking sites around the United Staes, according to a study published earlier this month in the journal Nature Communications. The radiation levels they discovered were well below public health limits, but the authors warn they could induce “adverse health effects
Read More...Europe’s electric vehicles (EVs) market share is set to treble this year to 10%, despite the Covid-19 pandemic, Kallanish Energy reports. According to a new analysis by Transport & Environment (T&E), that’s because of the EU 2020/21 car CO2 emission standards. The legislation forces carmakers to meet targets to reduce the average emissions of the
Read More...Peregrine Energy Partners is again adding to its portfolio in the Marcellus Shale, acquiring producing royalty properties from multiple private sellers, according to EIN Presswire. The natural gas acquisitions were made in Tyler County, West Virginia from Antero Resources and Fayette County, Pennsylvania from Chevron. They were both finalized in the first week of October.
Read More...A new study published in PLOS ONE in August suggests residents in southwestern Pennsylvania surrounded by oil and gas facilities may suffer from more health complaints, according to EOS. People living near oil and gas wells in southwestern Pennsylvania reported sore throat, burning eyes, headaches and more to researchers. Researchers estimated exposure to oil and
Read More...Chevron is completing the biggest energy deal since the COVID-19 pandemic crippled the oil industry and purchasing Nobel Energy for $5 billion, according to CNN. Nobel Energy shareholders will receive Chevron stock in the all-stock transaction. Factoring in Nobel’s $8 billion in debt, the transaction is valued at $13 billion. Despite, the company’s debt, its
Read More...Peregrine Energy Partners will acquire producing and non-producing mineral rights on 4,755 gross acres in Bedford County, Pa. from Chief Oil & Gas, according to EIN Presswire. The purchase price was undisclosed. However, the deal is the third the company has made in this region of the Appalachian Basin this year. “While we’ve traditionally been
Read More...The U.S. Army Corps of Engineers reissued a stream crossing permit that the stalled $5.7 billion Mountain Valley Pipeline needs to finish construction, according to Kallanish Energy. The Mountain Valley Pipeline received three permits total from the U.S. Army Corps of Engineers. The permits will allow the natural gas pipeline to cross wetlands and nearly
Read More...French energy company Engie appointed on Monday Catherine MacGregor as its new chief executive officer, effective January 1, 2021, Kallanish Energy reports. MacGregor’s “industrial and international track record” will contribute towards the achievement of its strategic objectives that were laid out in July this year, Engie said in a statement. This strategy included a refocus
Read More...The renewables joint venture between EDF Energy and Total has secured a contract for the development of three solar firms in India, Kallanish Energy reports. Eden Renewables, jointly owned by EDF Renewables and Total Eren, announced last Thursday it had been selected for the three solar photovoltaic (PV) projects for a total of 1.35 gigawatts
Read More...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...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...ExxonMobil said Monday it will cut up to 1,600 jobs in its European affiliates by the end of 2021, Kallanish Energy reports. The move is part of a global review aimed at improving efficiency and reducing costs, through reorganizations and work-processes changes. But reflects the increased “urgency” in ongoing efficiency work due to the demand
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
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