EQT reports $601M loss in 3Q 2020

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 expected to file for Chapter 11 protection

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

European EV market share to treble despite pandemic

Europe’s electric vehicles (EVs) market share is set to treble this year to 10%, despite the Covid-19 pandemic, Kallanish Energy reports. According to a new analysis by Transport & Environment (T&E), that’s because of the EU 2020/21 car CO2 emission standards. The legislation forces carmakers to meet targets to reduce the average emissions of the … Read more

Army’s Fort Bragg to get floating solar project

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

India’s BPCL to buy 1Mtpa from Mozambique LNG

India’s state-run oil company, Bharat Petroleum Corporation (BPCL), will off-take 1 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the Mozambique LNG project, Kallanish Energy learns. BPCL’s financial director Neelakantapillai Vijayagopal told the media after a conference call this week that the company has signed a 15-year supply contract with the African project. … Read more

Total acquires London’s biggest EV charging network

French supermajor Total said Tuesday it’s starting a “new phase” with the purchase of London’s largest electric vehicle charging network, Kallanish Energy reports. Under the undisclosed deal, Total is acquiring the “Blue Point London” from the Bolloré Group, with over 1,600 on-street charger points. The network will be powered by 100% renewable electricity, supplied by … Read more

Azerbaijan becomes No. 1 gas supplier to Turkey

Azerbaijan’s state oil and gas company, SOCAR, said on Monday it has become the main natural gas supplier to Turkey, Kallanish Energy reports. “If a year ago Azerbaijani gas occupied the 4th-5th place in the Turkish market, now we are in the first place, which is very important for us and for Turkey, because gas … Read more

XOM, Global Thermostat extend carbon capture research

ExxonMobil and Global Thermostat have announced that they have extended their joint development agreement, after 12 months of technical evaluation looking into the feasibility and potential of Global Thermostat’s technology to capture carbon dioxide directly from the air. The next step is for the two companies to work together to scale up the technology, Kallanish … Read more

43,000 signees opposed to MVP extension

Opponents of the stalled Mountain Valley Pipeline have submitted 43,000 signatures urging the Federal Energy Regulatory Commission not to grant more time to complete the $5.7 billion pipeline, Kallanish Energy reports. The petitions were submitted to the federal agency on Monday. The signatures and comments were collected by the Sierra Club, Appalachian Voices, Chesapeake Climate … Read more

Contractor sues MVP over pipeline construction

A Texas-based construction company has filed a lawsuit against Mountain Valley Pipeline to get $103.8 million that it says it is owed, asking that the pipeline be sold to satisfy its claim, Kallanish Energy reports. The suit was filed by U.S. Trinity Energy Services LLC in Allegheny County Common Pleas Court in Pittsburgh, Pennsylvania. That … Read more

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