Company News
Sakhalin Energy granted 5-year license extension
Russia’s Sakhalin Energy, the operator of the Sakhalin-2 LNG plant, said on Thursday its oil and gas licenses have been extended for another five years, Kallanish Energy reports. The joint ...
Commissioning continues at Elba Island LNG
The Federal Energy Regulatory Commission has given Kinder Morgan approval to introduce feed gas into Unit No. 8 at Elba Island LNG in Georgia, Kallanish Energy reports. It is one ...
Ovako successfully tests hydrogen for heating steel
Swedish special steelmaker Ovako has successfully tested the use of hydrogen to heat steel, opening up further possibilities to reduce the carbon footprint of the steelmaking industry, Kallanish Energy reports. The ...
Bulgaria hopes to complete Balkan Stream by year-end
Bulgaria hopes to complete the Balkan Stream gas pipeline by year-end as planned, despite the delay caused by the coronavirus pandemic, Kallanish Energy reports. The 474-km pipeline is an extension ...
Well drilling in Canada expected to drop by 31% in 2020: PSAC
The Petroleum Services Association of Canada (PSAC) is predicting that well drilling in 2020 will be at its lowest level in decades, Kallanish Energy reports. In a second update, the ...
Massachusetts to investigate natural gas transition
Attorney General Maura Healey wants Massachusetts to formally assess the future of natural gas in the state, Kallanish Energy reports. “In order to combat the climate crisis and meet our ...
Pennsylvania grand jury blasts DEP, DOH over fracking
The Pennsylvania Department of Environmental Protection and the Pennsylvania Health Department both failed to protect the public health during the state’s Marcellus Shale natural gas boom, according to a scathing ...
Chevron, Shell lead industry’s resilience at $30/Bbl Brent: WoodMac
Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie. ...
New Mexico utility to allow nuclear leases to expire
A New Mexico utility will exit current leases for nuclear power and will instead develop renewable power by 2040, Kallanish Energy reports. PNM said it will allow leases for 114 megawatts ...
19 energy companies have filed for bankruptcy in 2020: law firm
Texas-based Gavilan Resources last month filed for Chapter 11 protection, saying it intends to sell its business and assets. It cited the coronavirus pandemic and the oil price rout along ...