BP said on Tuesday it has invested in a geospatial analytics software company, as part of its plan to monitor and reduce methane emissions, Kallanish Energy reports. Through subsidiary BP Ventures, the company injected $5 million in the cloud-based Geospatial Analytics. The investment will enable Geospatial to develop its technology further and scale its application
Read More...Total-led liquefied natural gas project, Mozambique LNG, has reportedly been offered a five-year, $2.25 billion funding guarantee from the Mozambican government. Partners at the $20 billion onshore project are said to have agreed to the guarantee in lieu of an immediate equity contribution from state-run National Hydrocarbon Company (ENH). The company owns a 15% stake
Read More...U.S. liquefied natural gas (LNG) exporters could see the cancellation of an estimated 40-45 cargos for August loading, similar to levels reported for July loadings, Kallanish Energy reports. Citing unnamed sources, Reuters reported earlier this week Cheniere is likely to see 30 cargos canceled, while up to 10 shipments could be canceled from the Freeport
Read More...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
Read More...Ohio’s Utica and Marcellus shale wells produced almost 5% less natural gas in the first quarter of 2020 than was produced during the same quarter a year earlier, according to the Canton Repository. Data from the Ohio Department of Natural Resources shows almost 582 billion cubic feet of natural gas was produced from the beginning
Read More...Pennsylvania Attorney General Joshua David Shapiro is charging Cabot Oil & Gas Company for environmental crimes related to their drilling operations in the Marcellus Shale, according to the Andover Leader. Cabot’s wells in the region are suspected to be the source of migrating gas that has contaminated drinking water and groundwater. Additionally, the company will
Read More...The United States Supreme Court ruled in favor of the Atlantic Coast Pipeline, allowing the pipeline project to cross underneath the Appalachian Trail, according to North American Oil & Gas Pipelines. The $5billion, 600-mile pipeline is being developed by Dominion and Duke Energy. It will help supply natural gas from the Marcellus and Utica shale
Read More...Range Resources recently pleaded no contest to a criminal conviction under a Pennsylvania grand jury investigation, including violations of the Solid Waste Management Act and illegal discharge of industrial wastes at a pair of Marcellus shale natural gas well sites in Washington County, according to the Observer-Reporter. The company will pay $50,000 in fines and
Read More...CNX Resources has shut-in 375 million cubic feet per day of natural gas production in the Appalachian Basin since May 1, but its planning on easing up by July, according to Kallanish Energy. The Pittsburgh-based company anticipates the volume of natural gas shut-in to decline to about 300 MMcf per day by July, and plans
Read More...EQM Midstream Partners, LP is nearing completion on its Mountain Valley Pipeline project with work about 92% complete, according to Yahoo Finance. The 303-mile natural gas pipeline is expected to begin full service early next year, despite delays and cost adjustments due to additional regulatory reviews along the way. Upon completion, the pipeline will move
Read More...Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie. Tom Ellacott and the Corporate Analysis team at the consulting firm have studied the resilience of the seven oil and gas majors: BP, Shell, Chevron,
Read More...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
Read More...Russia’s Sakhalin Energy, the operator of the Sakhalin-2 liquefied natural gas (LNG) project, has commenced a one-month maintenance project at the plant, Kallanish Energy reports. The maintenance activities will be carried out at the Lunskoye-A offshore platform, the onshore processing facility (OPF), booster station No. 2 and the LNG plant. In a statement the company
Read More...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
Read More...EU’s commissioner for energy, Kadri Simson, told the bloc’s energy ministers on Monday that there is a strong link between technology, recovery, and climate-neutral ambition. Simson discussed Europe’s €750 ($846.3) billion coronavirus recovery fund and the role of clean energy technologies for the future low carbon economy. She described it as a “sizeable, balanced plan,
Read More...