Natural Gas
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 ...
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 ...
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 ...
India investing over $60B in gas supply, infrastructure
India is investing over $60 billion in natural gas supply and distribution infrastructure as it seeks to more than double the share of natural gas in its ...
Energy Transfer boosts Q2 net income by $523M
Energy Transfer LP has reported second quarter 2019 net income of $878 million, or 33 cents per share, Kallanish Energy reports, up $523 million, or 147.3%, compared to Q2 2018. The ...
Catch The Buzz
Welcome to this week’s edition of The Buzz, a weekly feature where Kallanish Energy editors select the quartet of stories this past week we feel were the most important – and have the ...
Eni Makes Groundbreaking Gas Discovery Onshore Nigeria: Hits 1 Trillion Cubic Feet Milestone
Eni, one of the leading multinational oil and gas companies, has made a groundbreaking gas discovery onshore Nigeria, marking a significant milestone in the country’s energy sector. The discovery, which ...
TC Energy reports 3Q earnings of $739M
Alberta-based TC Energy last week reported third-quarter 2019 net earnings of $739 million, or 79 cents per share, Kallanish Energy reports, which compares to net income of $928 million, or ...
ConEd capping investment in Mountain Valley line
New York-based utility giant Consolidated Edison (ConEd) is capping its investment in the troubled Mountain Valley natural gas pipeline. ConEd revealed in a U.S. Securities and Exchange ...
Montage Resources reduces drilling, cuts 2019 Capex
Montage Resources is the latest E&P company reducing full-year 2019 capital spending (Capex), Kallanish Energy reports. The company said it has reduced second half 2019 activity levels ...