A partner in the proposed Kitimat LNG project on the British Columbia coast said it will record a $720 million after-tax writedown on its investments in Western Canada, Kallanish Energy learns. Australia-based Woodside Petroleum said the charge against 2019 earnings reflects uncertainty in timing of when it will be able to develop its natural gas fields
Read More...Occidental Petroleum Corp is soliciting bids for oil and gas properties in Wyoming and Colorado acquired when it purchased Anadarko Petroleum, hoping the assets will bring up to $700 million, people familiar with the matter told Reuters. Occidental offered roughly 200,000 acres in the Denver-Julesburg Basin of Wyoming and Colorado that produce $66 million a
Read More...Well-funded, out-of-state activists are threatening Oklahoma’s oil and gas resources and pipeline network, a consumer energy group warned in a recent report, CNHI News Service reported. Consumer Energy Alliance officials said the Sierra Club, Earthjustice and Food & Water Watch have operations in Oklahoma or members who are working to halt production in the state.
Read More...Joint venture partners WhiteWater Midstream, MPLX LP, along with lead investor in the Agua Blanca pipeline system First Infrastructure Capital, this morning announced a positive final investment decision to expand the Delaware Basin Agua Blanca system. The expansion includes a 42-inch trunkline that more than doubles system capacity to over 3 billion cubic feet per day
Read More...Oil and gas industry veteran Steven Keenan, who is credited with the Alpine High shale discovery for Apache Corp, resigned from his position as senior vice president of Worldwide Exploration, the company said. Houston-based Apache told Reuters Keenan’s resignation is not connected to the well the company is currently drilling offshore in Suriname. The company said,
Read More...Shale Support Global Holdings, a provider of frac-sand and logistics services to the oil and gas industry, has signed an extension to continue working with Shale Rail as the exclusive supply company for a Bradford County, Pennsylvania, frac sand storage facility. In an effort to better serve the Marcellus Shale play, Shale Rail released plans to
Read More...Millions of Californians were without power Sunday as Pacific Gas and Electric Co. implemented its largest-ever blackout to prevent wildfires during high and hot winds, Kallanish Energy reports. The outages extend from parts of California’s Humboldt County to the Salinas Valley and were expected to reach a portion of the state’s Kern County by Sunday
Read More...The Carlyle Group, an international private equity/investment firm and the entity behind efforts to build a $1 billion crude oil export terminal at Harbor Island, Port of Corpus Christi, Texas, is pulling out of the project. The Washington, D.C.-based company said in a statement it’s dissolved its relationship with The Berry Group, Kallanish Energy finds. The
Read More...Enterprise Products Partners has announced it has long-term agreements that support additional expansion of the Midland to Echo crude oil pipeline system. The midstreaming giant will build a pipeline that connects the partnership’s 6-million-barrel (Mmbbl) Midland, Texas, storage facility to its Echo Terminal through its Eagle Ford system in South Texas. This line will have
Read More...Royalties paid to Pennsylvania landowners for natural gas extraction in primarily eight counties totaled $8.84 billion from 2010 through 2018, according to calculations by the state Independent Fiscal Office (IFO), Kallanish Energy reports. Royalty payments made in the remaining Pennsylvania counties where natural gas is produced would add another $982 million in royalty payments to
Read More...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...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...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...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...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
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