Crude Oil
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 ...
Kinder Morgan sells Pembina Pipeline interest for $764M
Pipeline operator Kinder Morgan announced last week it’s sold all of its 25 million shares of Canada’s Pembina Pipeline Corp. for $764 million after taxes, Kallanish Energy reports. The money ...
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, ...
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, ...
BLM ends five-year drilling moratorium in central California
The U.S. Bureau of Land Management has approved a plan to open up 1.2 million acres in central California to hydraulic fracturing (fracking), Kallanish Energy reports. The ...
Oil up and down prior to Opec meeting
Crude oil moved along a bumpy price track Tuesday ahead of Opec’s bi-annual meeting, which kicks off Thursday in Vienna, Kallanish Energy reports. Expectations of output cuts ...
Putin says shale oil technologies are ‘barbaric’
Russian President Vladimir Putin has criticized countries like the U.S. for ignoring the environmental impact of shale oil and natural gas production, describing it as a “barbaric” process the ...
Nigeria’s Oil Output Reaches 1.7 Million Barrels Per Day in November: Analysis and Implications
Nigeria, one of Africa’s leading oil producers, has seen its oil output reach 1.7 million barrels per day (bpd) in November, according to recent data. This development carries significant implications ...
BLM withdraws acreage from Nevada O&G lease sale
The U.S. Bureau of Land Management has pulled 332,247 acres from the Nov. 12 oil and natural gas lease sale in Nevada due to a court order blocking ...
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 ...