Tennessee-based biofuel company Eco-Energy has acquired the Stone Mountain gathering pipeline system, Stone Mountain processing facility and the Stone Mountain rail terminal from Continuum Energy Services for an undisclosed price. The Stone Mountain gathering system is made of up over 600 miles of gathering pipelines that span Kentucky, Tennessee, and Virginia, Kallanish Energy learns. The
Read More...The U.S.’s 10th most populous U.S. city Tuesday moved to ban natural gas in most new residential buildings, beginning next year, Kallanish Energy reports. The 10-member San Jose, California, city council and Mayor Sam Liccardo voted unanimously to make San Jose the largest U.S. city so far to seek to reduce greenhouse gas emissions by
Read More...Energy industry experts who comprise the Potential Gas Committee announced Wednesday the volume of producible natural gas in the U.S. has jumped roughly 20% since their last assessment two years ago. The increase of 557 trillion cubic feet (Tcf) reported by the Pgc is the highest assessment in its 54-year history. The organization estimates total
Read More...U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.91 million barrels (Mmbbl) during the week ended Sept. 6, from the previous week, the Energy Information Administration reported. The American Petroleum Institute had U.S. crude inventories down 7.2 Mmbbl in the week ended Sept. 6, to 421.9 Mmbbl, compared with analysts’
Read More...EQT Corp. said Tuesday it’s cutting its workforce by 23% — 196 positions – and chopping departments to 15 from 58 – all designed to improve operational effectiveness, and create a more efficient, nimbler organization. The workforce reduction will save roughly $50 million in general and administrative expenses annually, Kallanish Energy reports. All actions announced
Read More...Cheniere Energy has announced that Train 2 at Corpus Christi, Texas, has reached substantial completion, Kallanish Energy reports. That was reached last week at the liquefaction/export facility, the company said on Tuesday. Commissioning is complete and Cheniere’s Epc partner Bechtel Oil, Gas and Chemicals Inc. has turned Train 2 over to Cheniere. Texas-based Cheniere has
Read More...U.S. pipeline operator Plains All American has abandoned a plan to institute a surcharge to offset Section 232 steel tariffs for its new Cactus II Pipeline, following objections by ConocoPhillips and Encana, according to regulatory documents secured by Kallanish, sister publication of Kallanish Energy. The proposed tariff would have been $0.05/barrel on its 670,000 barrels
Read More...Energy consumption in the U.S. reached a record high of more than 101 quadrillion British thermal units (quads) in 2018, surpassing the previous high recorded in 2007, by less than 0.3%, the Energy Information Administration reports. For nearly 70 years, the electric power sector, which both consumes and produces energy, has been responsible for some of the
Read More...Montana regulators this week proposed approval of a major expansion of the state’s largest coal mine after it was sold through bankruptcy auction to a company controlled by the Navajo Nation, Kallanish Energy reports. The 72-million-ton expansion of the Spring Creek Mine near Decker, Montana, will occur within the mine’s existing permit boundary, Jen Lane, with
Read More...The U.S. District Court of Maryland this week blocked construction of a pipeline under state-owned land in western Maryland, agreeing with Maryland Attorney General Brian E. Frosh that Columbia Gas Transmission should not be allowed to move forward with the project. Columbia Gas filed its lawsuit May 17 after the Maryland Board of Public Works
Read More...Independent power producer Vistra Energy and its subsidiaries Wednesday named the four coal-fired power plants to be retired to meet the requirements of the recently approved revisions to the Multi-Pollutant Standard (Mps) rule imposed by the Illinois Pollution Control Board (Ipcb). Without this rule change, Vistra said the company’s entire downstate Illinois fleet was at
Read More...EQM Midstream Partners told the Federal Energy Regulatory Commission via letter last week the company would stop some work on the Mountain Valley natural gas pipeline in West Virginia and Virginia, as the U.S. Fish and Wildlife Service reviews permits. In the letter, EQM said it was voluntarily suspending new work on Mountain Valley in
Read More...U.S. gross inputs to refineries, aka, refinery runs, have increased each year since 2009, most recently reaching a record high of 17.3 million barrels per day (Mmbpd) in 2018, Kallanish Energy reports. However, based on its monthly refinery run data through May and forecast for the remainder of 2019, the U.S. Energy Information Administration expects
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
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