In a groundbreaking move towards sustainable energy, the town of Brookline, Massachusetts, has taken a bold step by banning the installation of oil and gas pipes in new construction projects. This progressive initiative reflects Brookline’s commitment to reducing carbon emissions, promoting clean energy alternatives, and addressing climate change. The decision to prohibit oil and gas … Read more
Russian President Vladimir Putin has criticized countries like the U.S. for ignoring the environmental impact of shale oil and natural gas production, describing it as a “barbaric” process the Kremlin won’t pursue, CNBC reports. Speaking at a business conference in Moscow Wednesday, Putin said: “Today’s technology of shale oil production and shale gas are … Read more
Nigeria, one of Africa’s leading oil producers, has seen its oil output reach 1.7 million barrels per day (bpd) in November, according to recent data. This development carries significant implications for Nigeria’s economy, global oil markets, and the country’s energy landscape. The increase in oil production comes amidst various factors affecting Nigeria’s oil industry, including … Read more
The U.S. Bureau of Land Management has pulled 332,247 acres from the Nov. 12 oil and natural gas lease sale in Nevada due to a court order blocking Trump administration plans to gut protections for the greater sage-grouse, Kallanish Energy reports. The federal agency had planned to offer 263 parcels totaling 547,969 acres … Read more
Safety experts and activists are asking numerous questions concerning the fire which devastated the U.S. East Coast’s largest and oldest refinery, Kallanish Energy understands. One big question is how did a piece of piping installed in the early 1970s go without once being checked before leading to the fire at the Philadelphia Energy Solutions (PES) refinery … Read more
New York-based utility giant Consolidated Edison (ConEd) is capping its investment in the troubled Mountain Valley natural gas pipeline. ConEd revealed in a U.S. Securities and Exchange Commission filing Monday (reviewed by Kallanish Energy) its CET Gas unit will cap its investment in MVP at $530 million. ConEd already has spent $488 … Read more
Alberta-based TC Energy last week reported third-quarter 2019 net earnings of $739 million, or 79 cents per share, Kallanish Energy reports, which compares to net income of $928 million, or $1.02 per share in Q3 2018. Net cash provided by operations was $1.6 billion. “During the third quarter of 2019, our diversified portfolio of regulated … Read more
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