Control, Control and More Control Is Goal; Climate the Means Paul Driessen Senior Policy Analyst, CFACT …. …. [Editor’s Note: Climate rants have nothing to do with climate change or saving the planet. They are all about control of our energy and economic future and what we can hear, see, read, learn, think and say.]
Read More...Antero Resources reported a net loss of $536 million or $1.99 per diluted share in the third quarter 202, Kallanish Energy reports. That compares to a net loss of $879 million or $2.86 per share in the 3Q 2019. The loss was driven by a $749 million unrealized commodity hedge fair value loss as a
Read More...ConocoPhillips has reported a third quarter 2020 net loss of $450 million or 42 cents per share, Kallanish Energy reports. That compares to 3Q 2019 net earnings of $3.1 billion or $2.74 per share. Third quarter 2020 adjusted earnings were a loss of $300 million or 31 cents a share, compared with 3Q 2019 adjusted
Read More...TC Energy on Thursday awarded more than $1.6 billion in contracts to six major American contractors to build more than 800 miles of the now-stalled Keystone XL Pipeline in three states in 2021, Kallanish Energy reports. The six companies will be responsible for hiring more than 7,000 union workers. The companies are Barnard Pipeline of
Read More...EQT, the largest producer of natural gas in the United States, reported a net loss of $601 million or $2.35 in the third quarter 2020, Kallanish Energy reports. That compares to a loss of $361 million or $1.41 per share in 3Q 2019. That loss was smaller than had been expected with lower operating costs
Read More...Gulfport Energy, a major player in Ohio’s Utica Shale, is expected to file for a Chapter 11 reorganization in the coming days, Kallanish Energy has learned. The company, its revolver lenders and unsecured bondholders are expected to seek approval for a restructuring support agreement that includes debtor-in-possession financing. The Oklahoma-based company is dealing with about
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...The U.S. Army’s Fort Bragg will soon become home to the largest floating solar plant in the southeastern United States, Kallanish Energy reports. The military complex in North Carolina will be getting a 1.1-megawatt system under a contract awarded to Duke Energy. It was awarded a Utility Energy Service Contract for the project. The $36
Read More...Solar projects dominated Maine’s largest renewables procurement, Kallanish Energy reports. Solar will provide about 482 megawatts of the 546 megawatts of projects approved for long-term energy projects earlier this week by the Maine Public Utilities Commission. The commission approved 17 projects including solar, onshore wind, hydro and biomass. They were the first to win approval
Read More...Palladium Energy LLC and Inverdale Energy Partners have formed a joint venture to develop 500 megawatts of utility-scale solar and solar storage across the United States, Kallanish Energy reports. That is the initial development portfolio. The JV is known as Palladium Energy Development LLC. The companies did not detail plans for the initial solar development. “This
Read More...Entergy Corp. has announced that is accelerating its climate action goals with a plan to achieve net-zero carbon emissions by 2050, Kallanish Energy reports. The Louisiana-based utility also reaffirmed its commitments to grid reliability and affordability for customers. That new goal is “another major step forward,” said Leo Denault, Entergy’s chairman of the board and
Read More...Ohio Attorney General Dave Yost is seeking to keep the owner of two nuclear power plants in Ohio from getting $1.3 billion in bailout money in what has become the largest bribery scandal in state history, Kallanish Energy reports. Yost on Wednesday filed a lawsuit in Franklin County Common Pleas Court to keep Energy Harbor
Read More...German wind turbine manufacturer Nordex has secured a contract to supply turbines to a wind farm located in Texas, U.S., Kallanish Energy reports. Under the terms of the agreement, announced on Friday, will see Nordex deliver and install 65 N149/4.0-4.5 wind turbines in the 4.8 megawatt (MW) operating mode, for a total capacity of 312
Read More...