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US underground gas stocks increase 70 Bcf: EIA
Natural gas storage in the U.S.’s Lower 48 states increased by 70 billion cubic feet (Bcf) for the week ending April 24, the U.S. Energy Information Administration (EIA) said last ...
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 ...
North Dakota sets May 20 hearing on O&G production cuts
A third state is looking into requiring oil and natural gas production cuts: North Dakota. It would join Texas and Oklahoma that are both considering similar proposals. North Dakota, the ...
Texas, Oklahoma mulling state cuts to oil, gas production
Texas and Oklahoma are both looking at cutting production of crude oil and natural gas because of low prices tied to the coronavirus pandemic and the oil ...
Chesapeake Energy adopts poison pill to block a takeover
Chesapeake Energy has adopted a poison pill shareholder rights plan to protect the company from any takeover attempts due to its low stock prices, Kallanish Energy reports. Last Thursday, the ...
BP to delay Greater Tortue Ahmeyin LNG project by one year
British oil major BP seeks to delay first gas on its operated Greater Tortue Ahmeyin project by one year due to the coronavirus pandemic, Kallanish Energy reports. Liquefied natural gas ...
Federal biological review delayed for MVP
A federal review of the under-construction Mountain Valley Pipeline (MVP) and its impacts on endangered or threatened wildlife has been delayed again, Kallanish Energy reports. The Federal Energy Regulatory Commission, ...
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 ...