Petrobras accelerates biofuels exit

      Brazilian state-run oil company Petrobras is seeking to accelerate its exit from the biofuels segment and has started the process to sell a large stake in BSBios Biodiesel, Kallanish Energy reports. The sale of the 50% stake in the biofuels company will be made in conjunction with partner RP Biofuels, which owns the … 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

Denmark mulls construction of $44.5B mega wind farm

      Denmark is investigating the possibility of building one or more “energy islands” with a capacity to produce 10,000 megawatts of offshore wind power, the country’s energy and climate ministry said Tuesday. The project would need between 200-300 billion krones ($29.6-$44.5 billion) in investment, of which the majority would be met by the private … Read more

Ohio court dismisses FirstEnergy Solutions’ suit

      The Ohio Supreme Court has dismissed a complaint filed by FirstEnergy Solutions against a proposed referendum that could have killed a $1 billion bailout for two nuclear power plants in northern Ohio, Kallanish Energy reports. FirstEnergy Solutions had argued such a bailout amounted to a tax and cannot be subjected to a … Read more

Oil up and down prior to Opec meeting

      Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports. Expectations of output cuts from Opec+ members brought prices back up after they slid briefly following comments from President Trump that a trade deal with China may be delayed. … Read more

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