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...Wood Plc has agreed to sell its nuclear business for 250 million pounds ($302 million), as it cuts debt associated with the 2017 acquisition of Amec Foster Wheeler and a prolonged oil-price slump, Kallanish Energy reports. The Scottish engineering and services business will sell the unit to a subsidiary of Jacobs Engineering Group. The deal
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
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
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