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Crude oil, Natural gas, Renewables, daily news from Kallanish.

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Gulf of Mexico
Crude falls as US Gulf oil platforms return to service
kallanishenergy.com - Rick Stouffer
Crude oil ended Thursday’s trading session lower, weighed down by weakness in U.S. equities markets and an expectation crude output would rise in the …
Corpus Christi, TX
NRG restarts dormant gas-fired Corpus Christi plant
kallanishenergy.com - Rick Stouffer
Energy company NRG Energy has re-started a Texas natural gas-fired plant which had been offline for nearly three years, Kallanish Energy reports.The …
Wildfires
WildFire Energy I receives over $1B in equity commitments
kallanishenergy.com - Rick Stouffer
WildFire Energy I, a startup oil and gas exploration and production company, said Thursday it’s assembled an equity line totaling more than $1 …
OPEC
Stratas raises its price outlooks
kallanishenergy.com - Rick Stouffer
Stronger than expected second-quarter prices have caused Stratas Advisors to raise its 2020 price outlook 5.6% for both West Texas Intermediate and …
Oil
Crude oil slips after US fuel inventories grow
kallanishenergy.com - Rick Stouffer
Crude oil futures fell Wednesday, extending a more than 3% drop in prices durting Tuesday's session, after U.S. government data showed large builds …
Permian Basin
Surge completes Permian’s longest-known lateral
kallanishenergy.com - Rick Stouffer
Surge Energy US Holdings Co.’s Moss Creek Resources Holdings unit has completed what’s believed to be the longest lateral in the Permian Basin, …
San Francisco Bay Area
NextEra completes underwater cable system buy
kallanishenergy.com - Rick Stouffer
NextEra Energy Transmission said it’s completed the acquisition of Trans Bay Cable (Tbc) from affiliates of Steelriver Infrastructure Fund North …
Vanguard emerges from Chapter 11 as Grizzly Energy
kallanishenergy.com - Rick Stouffer
Independent producer Vanguard Natural Resources, for the second time in two years, has completed its financial restructuring and emerged from Chapter …
Oklahoma
Aep seeks to buy 3 Oklahoma wind farms
kallanishenergy.com - bob.downing@kallanish.com
Ohio-based American Electric Power is seeking to buy three wind farms that are being developed in Oklahoma by Invenergy for roughly $2 billion, …
Oil Refineries
China’s June crude throughput rises to record
kallanishenergy.com - Rick Stouffer
China’s crude oil throughput rose to a record in June, up 7.7% from a year earlier, following the start-up of two new refineries, official data …
The Arctic
Russia allocates $800M for LNG tankers
kallanishenergy.com - Rick Stouffer
The Russian government has allocated nearly 50 billion Russian rubles ($800 million) to construct liquefied natural gas (LNG) carriers for the Arctic …
Iran
Oil drops after Pompeo says Iran ready to negotiate
kallanishenergy.com - Rick Stouffer
Crude oil prices dropped more than $2.45 a barrel Tuesday, as President Trump said progress has been made with Iran, signaling tensions could ease in …
United States
Six major U.S. basins/plays continue growing natgas production
kallanishenergy.com - Rick Stouffer
Natural gas production in the U.S. only goes one way, and the Energy Information Administration’s just-released Drilling Productivity Report (Dpr) …
Longhorn launches open season for Touchdown crude system
kallanishenergy.com - Rick Stouffer
Longhorn Midstream Holdings announced Monday its LM Touchdown Crude II LLC unit launched a binding open season to support development of its …
West Texas Intermediate
Fulcrum Energy Capital forms Pachira O&G
kallanishenergy.com - Rick Stouffer
Private investment firm Fulcrum Energy Capital Funds Monday announced formation of new portfolio company Pachira Oil & Gas, and Pachira's acquisition …
Energy Industry
Charletta named Equitrans president
kallanishenergy.com - Rick Stouffer
Midstreamer Equitrans Midstream announced Monday Diana M. Charletta was appointed president of the company and president of the general partner of …
Chemical Industry
Petchem & energy: a winning combo in the Northeast US
kallanishenergy.com - Rick Stouffer
The U.S. petrochemical and energy industries seemingly were made for each other – certainly in the northeast part of the U.S., Kallanish Energy …
Callon buying Carrizo O&G in $3.2 billion deal
kallanishenergy.com - Rick Stouffer
Independent producer Callon Petroleum said this morning it’s buying fellow independent Carrizo Oil & Gas in an all-stock deal valued at $3.2 billion, …
Permian Basin
The Permian is the ‘swing producer in the world’: Souki
kallanishenergy.com - Rick Stouffer
While predicting crude oil price swings is risky business, liquefied natural gas export player and Tellurian chairman Charif Souki said last week the …
Oil
Iea expects new crude glut in 2020
kallanishenergy.com - Rick Stouffer
The International Energy Agency said in its July report released Friday it expects a new glut of crude oil in 2020, Kallanish Energy reports.The …
U.S. Steel
Bellville Tube to reopen after 5-year hiatus
kallanishenergy.com - Rick Stouffer
A Bellville, Texas, tube mill idled in 2014, is being restarted under new ownership, a company press release tells Kallanish, sister publication of …
Northern California
Catch The Buzz
kallanishenergy.com - Rick Stouffer
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 …
California Politics
California governor fires state’s top oil regulator
kallanishenergy.com - Rick Stouffer
California Gov. Gavin Newsom Thursday ordered his secretary of Natural Resources to fire Ken Harris, the state’s top oil regulator, after learning …
$Cuadrilla to restart fracking at British site$
Fracking
Cuadrilla to restart fracking at British site
kallanishenergy.com - Rick Stouffer
British shale gas producer Cuadrilla said Thursday it would restart fracking at its Preston New Road site in Britain in the third quarter of 2019, …
Wildfires
Pg&e didn’t repair lines it knew could cause wildfires: report
kallanishenergy.com - Rick Stouffer
California utility Pacific Gas & Electric (Pg&e) knew power lines in Northern California could fail and cause wildfires, but the company delayed …
Six minutes alter direction of U.S.’s largest gas producer
kallanishenergy.com - Rick Stouffer
It wasn’t hard to figure out the backers of the two sides in the proxy battle between independent producer EQT and dissidents known as the Rice Team …
Wyoming
Meritage extends open season for Thunder Creek
kallanishenergy.com - Rick Stouffer
Meritage Midstream Services II’s Thunder Creek NGL Pipeline unit has extended by three weeks the binding open season to support the proposed …
West Texas Intermediate
Wti crude climbs $1/Bbl in 2020: Steo
kallanishenergy.com - Rick Stouffer
West Texas Intermediate crude oil prices will average $62 a barrel in the second half of 2019, and $63/Bbl in 2020, the Energy Information …
United States
Power from natgas to rise in 2019, slip in 2020: Steo
kallanishenergy.com - Rick Stouffer
The share of U.S. total utility-scale electricity generation from natural gas-fired power plants will rise from 35% in 2018, to 38% in 2019, and then …
US dry gas production to set another record: Steo
kallanishenergy.com - Rick Stouffer
U.S. dry natural gas production will average 91.3 billion cubic feet per day (Bcf/d) in 2019, up 8.0 Bcf/d from the previous record set in 2018, the …

Energy Industry News

Crude oil, Natural gas, Renewables, daily news from Kallanish.