Argentina changes unconventional gas subsidy program

      Argentina’s government has decided to change the country’s subsidy program for unconventional gas development leaving projects in limbo, Kallanish Energy learns from local producers YPF and Pampa Energia. The program, aimed at stimulating investments in the development and production of shale gas, offered companies a subsidy since 2013. Specifically, companies were offered a … Read more

Enbridge gas pipeline explosion causes fireball in Ohio

      An explosion Monday of a section of Enbridge’s Texas Eastern natural gas pipeline in Ohio created a fireball of flame and damaged homes, prompting the evacuation of nearby residents. The explosion appeared to have destroyed two homes, Chasity Schmelzenbach, emergency management director for Noble County, Ohio, told Reuters. Enbridge said two people … Read more

Scrapping 79 Japanese nuclear facilities to cost roughly $17.1B

      The state-backed Japan Atomic Energy Agency (Jaea) said last week it would have to spend roughly 1.9 trillion yen ($17.1 billion) to close 79 facilities over 70 years. Total costs could increase further, as the agency said the estimated figure, which would be paid by taxpayers, excludes expenses for maintenance and replacing … Read more

Iraq’s policies on upstream development ‘stalled’: GlobalData

Despite Iraq’s ambitions to expand its crude oil and natural gas production, the country’s policies to support upstream development appear stalled, Kallanish Energy learns from data/analytics firm GlobalData. Iraqi oil production is gradually ramping up thanks to expansion of previously delayed projects, but the existing contracts are still unable to reach their full potential, analysts said … Read more

Colombia’s oil production surges to 2-year high

Colombian crude oil production hit a two-year high in October, averaging some 878,854 barrels per day, the country’s energy ministry said in its latest statistic report. Output was at its highest level since June 2016, after a 1.2% growth from the 868,704 Bpd produced in September, and a 1.7% increase year-over-year, Kallanish Energy learns. The … Read more

Cost of U.S. nuclear generation at 8-year low

      The average total generating costs for U.S. nuclear reactors in 2017 were 19% lower than in 2012, the highest-cost year in the last eight, a study released last week by the Nuclear Energy Institute (NEI) reveals. The report, “Nuclear Costs in Context,” found in 2017, the average total generating cost, which includes … Read more

Crude worldwide plunges after questions about oil demand

Oil prices fell Tuesday, briefly entering bear market territory, after the U.S. said it will allow some of Iran’s biggest customers to continue importing the Opec member’s crude without violating reinstated U.S. sanctions. You have reached your allocation of free articles this week. Don’t despair you can keep reading the news. Subscribe or start your free … Read more

Colombia’s Ecopetrol plans first fracking project

Colombia’s state-run oil company, Ecopetrol, has applied for a permit to launch the country’s first hydraulic fracturing project, targeting unconventional resources in Magdalena Medio, central Colombia. According to CEO Felipe Bayon, the company filed a permit request with the country’s environmental agency and upon approval, the project could start in 2019. He didn’t say, however, when … Read more

Chevron in talks to buy Petrobras’ Texas refinery: sources

U.S. oil supermajor Chevron has held talks to acquire Pasadena Refining System Inc., (PRSI), a Texas oil refinery owned by Brazilian state-run oil firm Petroleo Brasileiro SA (Petrobras), three people familiar with the situation told Reuters. You have reached your allocation of free articles this week. Don’t despair you can keep reading the news. Subscribe or start … Read more

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