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

NextDecade LNG contract with Engie in danger

The French government has asked Engie SA not to sign a $7 billion deal for U.S. liquefied natural gas (LNG) with NextDecade Corp. over concerns that its U.S. shale natural gas is too dirty, Kallanish Energy has learned. The request came last month from the French economy ministry, and Engie said it is studying the … 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


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