Unconventionals
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, ...
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 ...
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 ...
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 ...
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 ...
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 ...