Company News
ExxonMobil exports second crude cargo from Guyana
Guyana’s second crude oil shipment left ExxonMobil’s Liza Destiny platform Wednesday and is heading to Panama, Kallanish Energy reports. The new crude oil cargo lifted by the U.S. ...
Energy Transfer wants to nearly double DAPL capacity
Texas-based Energy Transfer, an owner and operator of the Dakota Access Pipeline, wants to increase the pipeline’s capacity by more than 96%, to 1.1 million barrels per day of crude, ...
Wintershall Dea’s production up 9%, costs down 20%
German independent gas and oil producer Wintershall Dea reported this week a 9% increase on its output in 2019 and a 20% reduction on its production costs, Kallanish Energy reports. ...
Cause of refinery fire causes concern for other facilities
Safety experts and activists are asking numerous questions concerning the fire which devastated the U.S. East Coast’s largest and oldest refinery, Kallanish Energy understands. One big question is how did a ...
Vestas to develop Vietnam intertidal wind project
Wind developer Vestas has secured its fourth intertidal project contract in Vietnam with a 29-megawatt order, Kallanish Energy reports. The Ben Tre VI-3 wind project will be ...
EOG Resources cuts $2 billion or 31% from capex budget
Texas-based EOG Resources is cutting its 2020 capital spending by $2 billion or 31%, in the wake of the spreading coronavirus and the crude oil price war ...
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 ...
BP eyes 10 FIDs by 2021, reviews exploration approach
British oil supermajor BP has roughly 10 new projects in the pipeline expected to receive a final investment decision (FID) by 2021, potentially adding 900,000 barrels of oil-equivalent per day ...
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 ...
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, ...