Company News
Petrobras accelerates biofuels exit
Brazilian state-run oil company Petrobras is seeking to accelerate its exit from the biofuels segment and has started the process to sell a large stake in BSBios Biodiesel, ...
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 ...
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 ...
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 ...
Chinese firms may replace XOM in Iraq megaproject
Iraq is turning to Chinese companies to replace ExxonMobil (XOM) in a $53 billion oil infrastructure megaproject, two sources told Energy Intelligence. The escalation in regional tensions ...
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 ...
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 ...
Rosneft says ready to talk Venezuela with US
Russian giant oil producer Rosneft said it’s ready to talk to U.S. authorities regarding its business in and with Venezuela’s state oil company, PDVSA, following threats of sanctions, Kallanish ...
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 ...
Pennsylvania’s Three Mile Island may be acquired, dismantled
A company that specializes in decommissioning nuclear reactors is negotiating to acquire and dismantle Pennsylvania’s infamous Three Mile Island’s Unit 2 reactor, Kallanish Energy reports. The long-mothballed reactor was the site ...