Company News
New gas-fired power plant begins operations in Pennsylvania
There is a new 1,000-megawatt power plant fueled by natural gas in western Pennsylvania, Kallanish Energy reports. The Hickory Run Energy Center in Lawrence County near New Castle, Pennsylvania, began ...
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 ...
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 ...
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 ...
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 ...
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 ...
Trump administration change aids renewable projects
The Trump administration provided a major boost to developers of renewable energy, in the wake of the coronavirus pandemic, Kallanish Energy reports. The U.S. Treasury Department and the Internal Revenue ...
Pointe LNG raising investment capital for La. project
A proposed liquefied natural gas facility in Louisiana that had been dormant is alive again, Kallanish Energy reports. Pointe LNG has hired Whitehall & Co. to raise investment capital and ...
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 ...