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

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

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

Total reduces Tellurian holdings: SEC filing

Tellurian Inc. has reported a second quarter 2020 net loss of $128.8 million or 53 cents per share on its Haynesville Shale in Louisiana and East Texas. That compares to a net loss of $40.5 million in 2Q 2019. The company lost $40.7 million in 1Q 2020. It reported an impairment of $81.1 million on … Read more

New federal LNG-by-rail rule published, lawsuit likely

The Trump administration has published a new rule that authorizes the bulk movement of liquefied natural gas (LNG) by rail, and that has resulted in two environmental groups announcing that they intend to sue because the rule creates a serious danger., Kallanish Energy reports The Center for Biological Diversity and Earthjustice pledged to fight the … Read more

Hearing officer OKs Delaware River LNG dock

An adjudicatory hearing officer has recommended that Delaware River dock to serve a liquefied natural gas export terminal in New Jersey should remain as approved, Kallanish Energy reports. The report was filed last week by hearing officer John D. Kelly on the project by developer Delaware River Partners, a subsidiary of New Fortress Energy LLC. … Read more

NIPSCO to get power from two Indiana solar farms

NIPSCO has announced that it will be acquiring solar power from two new solar farms in central Indiana, Kallanish Energy reports. The company, a subsidiary of NiSource Inc., will get 300 megawatts of solar power from the facilities in Boone and Henry counties. The solar facilities are expected to be operational by mid-2023. A subsidiary … Read more

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