EU approves INEOS’s acquisition of DONG E&P 🔓

June 23, 2017 0

INEOS’s $1.3 billion acquisition of all DONG Energy’s assets in the North Sea has been cleared by the European competition watchdog in less than a month since the transaction was announced, Kallanish Energy reports.

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U.S. shale output growth to slow in 2018: ESAI 🔓

June 22, 2017 0

U.S. shale oil production is forecast to end 2017 at 5.6 million barrels per day (MMBPD), which is over 1 MMBPD higher than at the end of 2016. But the pace of growth in 2018 will slow down, energy consulting firm ESAI Energy said in a new report on Tuesday.

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XOM, BP, Shell back U.S. carbon price proposal 🔓

June 22, 2017 0

Oil supermajors ExxonMobil, BP and Shell on Tuesday backed for the first time a price on carbon, supporting the Climate Leadership Council’s proposal of a $40 fee on each ton of carbon dioxide emissions, Kallanish Energy learns.

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Vestas to build wind turbines in Russia 🔓

June 22, 2017 0

Danish wind turbine manufacturer Vestas has been chosen by Fortum-RUSNANO wind investment fund to supply its wind power projects onshore Russia, and to do so it’s now planning to set up manufacturing facilities in Russia, Kallanish Energy reports.

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Crude oil prices continue to fall 🔓

June 22, 2017 0

Despite OPEC and non-OPEC producers’ efforts to drain the supply glut in global oil markets, crude oil prices have tumbled more than 20% this year, making its worst performance for the first six months of the year since 1997.

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Centrica to shut UK’s Rough gas storage unit 🔓

June 21, 2017 0

The UK’s largest natural gas storage facility, Rough, will be permanently shut down, following negative results from an extensive wells testing program, which had already delayed injection operations to May 2018, Kallanish Energy reports.

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