Pipeline
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, ...
Pointe LNG raising investment capital for La. project
A proposed liquefied natural gas facility in Louisiana that had been dormant is alive again, Kallanish Energy reports. Pointe LNG has hired Whitehall & Co. to raise investment capital and ...
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. ...
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 ...
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 ...
Brookline, MA Takes Bold Step: Bans Oil and Gas Pipes in New Constructions
In a groundbreaking move towards sustainable energy, the town of Brookline, Massachusetts, has taken a bold step by banning the installation of oil and gas pipes in new construction projects. ...
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 ...
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 ...