BP to delay Greater Tortue Ahmeyin LNG project by one year

British oil major BP seeks to delay first gas on its operated Greater Tortue Ahmeyin project by one year due to the coronavirus pandemic, Kallanish Energy reports. Liquefied natural gas shipping company Golar LNG said earlier this week it received a force majeure notice from BP under its 20-year lease and operate agreement for the … Read more

Federal biological review delayed for MVP

A federal review of the under-construction Mountain Valley Pipeline (MVP) and its impacts on endangered or threatened wildlife has been delayed again, Kallanish Energy reports. The Federal Energy Regulatory Commission, the U.S. Fish & Wildlife Service and Mountain Valley Pipeline last week agreed to take another 32 days to April 27 to complete the biological … Read more

Wintershall Dea’s production up 9%, costs down 20%

German independent gas and oil producer Wintershall Dea reported this week a 9% increase on its output in 2019 and a 20% reduction on its production costs, Kallanish Energy reports. The company produced 642,000 barrels of oil equivalent per day (Boe/d) last year. Meanwhile, its production costs were reduced to $4.30/Boe, almost half the industry … Read more

EOG Resources cuts $2 billion or 31% from capex budget

      Texas-based EOG Resources is cutting its 2020 capital spending by $2 billion or 31%, in the wake of the spreading coronavirus and the crude oil price war between Saudi Arabia and Russia that is impacting U.S. shale producers. EOG said it intends to reduce activity across all of its operating areas and … Read more

NNPC Reports: Lagos Explosion Triggered by Gas Cylinders Incident

The Nigerian National Petroleum Corporation (NNPC) has released a report stating that the recent explosion in Lagos was triggered by a gas cylinders incident. The explosion, which occurred in a densely populated area of Lagos, resulted in significant damage to property and casualties, raising concerns about safety measures and regulatory oversight. According to the NNPC’s … Read more

Enbridge to proceed with $500M Line 5 Pipeline tunnel

Enbridge announced Friday that it intends to build a $500 million pipeline tunnel under the Straits of Mackinac after a long and continuing legal fight with the state of Michigan, Kallanish Energy reports. The Canadian pipeline company said it has hired two contractors to proceed with the disputed Line 5 tunnel project. The tunnel will be … Read more

Repsol to build 860 MW wind project in Spain

      Spanish oil major Repsol said Friday it will build another 860 megawatts (MW) of renewables capacity in northern Spain, through 26 onshore wind farms, Kallanish Energy reports. The so-called Delta 2 project will feature wind turbines across the Huesca, Zaragoza and Teruel provinces, in the Aragon region. The farms will be built … Read more

BP eyes 10 FIDs by 2021, reviews exploration approach

British oil supermajor BP has roughly 10 new projects in the pipeline expected to receive a final investment decision (FID) by 2021, potentially adding 900,000 barrels of oil-equivalent per day (Boe/d) to its portfolio, Kallanish Energy reports. CEO Bob Dudley said Tuesday during an earnings call these undisclosed projects are located from the Gulf of Mexico … Read more

Kinder Morgan sells Pembina Pipeline interest for $764M

Pipeline operator Kinder Morgan announced last week it’s sold all of its 25 million shares of Canada’s Pembina Pipeline Corp. for $764 million after taxes, Kallanish Energy reports. The money will be used in its 2020 budget to reduce debt, said the Houston-based company. Kinder Morgan acquired the shares when Pembina bought Kinder Morgan Canada last … Read more

BLM ends five-year drilling moratorium in central California

      The U.S. Bureau of Land Management has approved a plan to open up 1.2 million acres in central California to hydraulic fracturing (fracking), Kallanish Energy reports. The agency last week released the record of decision that ends a five-year moratorium on drilling on public lands or seeking federal minerals in eight counties … Read more

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