Gulfport Energy expected to file for Chapter 11 protection

Gulfport Energy, a major player in Ohio’s Utica Shale, is expected to file for a Chapter 11 reorganization in the coming days, Kallanish Energy has learned. The company, its revolver lenders and unsecured bondholders are expected to seek approval for a restructuring support agreement that includes debtor-in-possession financing. The Oklahoma-based company is dealing with about … Read more

European EV market share to treble despite pandemic

Europe’s electric vehicles (EVs) market share is set to treble this year to 10%, despite the Covid-19 pandemic, Kallanish Energy reports. According to a new analysis by Transport & Environment (T&E), that’s because of the EU 2020/21 car CO2 emission standards. The legislation forces carmakers to meet targets to reduce the average emissions of the … Read more

Army’s Fort Bragg to get floating solar project

The U.S. Army’s Fort Bragg will soon become home to the largest floating solar plant in the southeastern United States, Kallanish Energy reports. The military complex in North Carolina will be getting a 1.1-megawatt system under a contract awarded to Duke Energy. It was awarded a Utility Energy Service Contract for the project. The $36 … Read more

India’s BPCL to buy 1Mtpa from Mozambique LNG

India’s state-run oil company, Bharat Petroleum Corporation (BPCL), will off-take 1 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) from the Mozambique LNG project, Kallanish Energy learns. BPCL’s financial director Neelakantapillai Vijayagopal told the media after a conference call this week that the company has signed a 15-year supply contract with the African project. … Read more

Total reduces Tellurian holdings: SEC filing

Tellurian Inc. has reported a second quarter 2020 net loss of $128.8 million or 53 cents per share on its Haynesville Shale in Louisiana and East Texas. That compares to a net loss of $40.5 million in 2Q 2019. The company lost $40.7 million in 1Q 2020. It reported an impairment of $81.1 million on … Read more

New federal LNG-by-rail rule published, lawsuit likely

The Trump administration has published a new rule that authorizes the bulk movement of liquefied natural gas (LNG) by rail, and that has resulted in two environmental groups announcing that they intend to sue because the rule creates a serious danger., Kallanish Energy reports The Center for Biological Diversity and Earthjustice pledged to fight the … Read more

Hearing officer OKs Delaware River LNG dock

An adjudicatory hearing officer has recommended that Delaware River dock to serve a liquefied natural gas export terminal in New Jersey should remain as approved, Kallanish Energy reports. The report was filed last week by hearing officer John D. Kelly on the project by developer Delaware River Partners, a subsidiary of New Fortress Energy LLC. … Read more

NIPSCO to get power from two Indiana solar farms

NIPSCO has announced that it will be acquiring solar power from two new solar farms in central Indiana, Kallanish Energy reports. The company, a subsidiary of NiSource Inc., will get 300 megawatts of solar power from the facilities in Boone and Henry counties. The solar facilities are expected to be operational by mid-2023. A subsidiary … Read more

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