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

Energy Transfer reviewing EPC bids for Lake Charles LNG

Energy Transfer is reviewing bid proposals for the engineering, procurement, and construction (EPC) contract at its proposed Lake Charles liquefied natural gas (LNG) facility in Louisiana, Kallanish Energy reports. The Texas-based company told the Federal Energy Regulatory Commission in a July 14 filing that the bids are still being reviewed. An EPC tender had been … Read more

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. Tom Ellacott and the Corporate Analysis team at the consulting firm have studied the resilience of the seven oil and gas majors: BP, Shell, Chevron, … Read more

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 secure offtake for a liquefaction/export facility in Plaquemines Parish, Louisiana, to process 6 million tons per year of LNG. It said $4 billion in capital … Read more

Commissioning continues at Elba Island LNG

The Federal Energy Regulatory Commission has given Kinder Morgan approval to introduce feed gas into Unit No. 8 at Elba Island LNG in Georgia, Kallanish Energy reports. It is one of 10 modular units at the LNG facility outside Savannah, Georgia. Six of the units are in service with two additional units starting commissioning activities. … Read more

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 (Boe/d) to its portfolio, Kallanish Energy reports. CEO Bob Dudley said Tuesday during an earnings call these undisclosed projects are located from the Gulf of Mexico … Read more

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 from Opec+ members brought prices back up after they slid briefly following comments from President Trump that a trade deal with China may be delayed. … Read more

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 Kremlin won’t pursue, CNBC reports. Speaking at a business conference in Moscow Wednesday, Putin said: “Today’s technology of shale oil production and shale gas are … Read more

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 chance to make the biggest impact on the oil and gas — and energy industry as a whole. US natgas price will plunge to 1970s … Read more

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