PTTGCA, Mountaineer NGL Storage Execute Precedent Agreement for Natural Gas Liquids Storage and Transportation

For immediate release July 22, 2020 PTTGC America (PTTGCA) today announced the execution of a precedent agreement with Energy Storage Ventures LLC through its wholly owned subsidiary Mountaineer NGL Storage that will provide certain necessary infrastructure for a proposed petrochemical complex in the Ohio Valley. The precedent agreement outlines the terms and conditions for the

Read More...

NAI Ohio River Corridor’s Bryce Custer shares opinion on PTTGC future.

By Paul J. Gough  – Reporter, Pittsburgh Business Times Jul 14, 2020, 2:56pm EDT Two weeks ago, a report by the Trump administration on the future of the Appalachian energy industry hailed the region’s unfolding petrochemical renaissance that included the ethane cracker under development in Belmont County, Ohio, by PTT Global Chemicals America. Tuesday’s news that an equity partner, Daelim,

Read More...

Appalachian Basin Becoming Petrochemical Hub

NEWS PROVIDED BY Shale Directories July 15, 2020, 11:30 GMT Appalachian Storage Hub Conference will provide the most comprehensive information about the development of the petrochemical industry in the Appalachian Basin. PENN VALLEY, PA, US, July 15, 2020 /EINPresswire.com/ — It’s the third leg of a three-legged stool proponents, experts, consultants – even the federal

Read More...

COVID-19 Stalls Commercial Real Estate in Northeastern Ohio

COVID-19 Postpones Commercial Real Estate Auction in Northeastern Ohio. Will We See Pre COVID-19 Property Sales Valuations? CANTON, OHIO, USA, May 4, 2020 /EINPresswire.com/ — Conducting business for most U.S. companies came to an abrupt stop in mid-March, as governments ordered closed “non-essential” businesses to help stop the spread of the coronavirus. While many companies

Read More...

White House likely to pursue federal aid for shale companies hit by oil shock, coronavirus downturn

The White House is strongly considering pushing federal assistance for oil and natural gas producers hit by plummeting oil prices amid the coronavirus outbreak, as industry officials close to the administration clamor for help, according to four people familiar with internal deliberations. President Trump has touted the growth of oil and natural gas production under his

Read More...

Increases in natural gas production from Appalachia affect natural gas flows

The 2019 Annual Energy Outlook (AEO2019) Reference case shows continued growth of natural gas production in the Mid-Atlantic and Ohio region from the Marcellus and Utica formations, resulting in increases of natural gas being transported to the Eastern Midwest and, ultimately, into the South Central region, which includes the Gulf Coast and Texas. While the South Central

Read More...

Report finds Ohio is a commercial real estate powerhouse

Ohio is a commercial real estate powerhouse, according to a new report published by the NAIOP Research Foundation. The state is No. 7 nationwide for contributions to state GDP created by commercial real estate development, creating and supporting 146,787 related jobs and contributing $20.1 billion to Ohio’s economy in 2019, the report finds.

Read More...

Mammoth Cracker Plant Presents Huge Opportunity

By George Nelson | March 9, 2020 MONACA, Pa. – The enormous Royal Dutch Shell petrochemical complex taking shape along the Ohio River in Monaca, Pa., is quite a sight. Sprawled across the 386-acre site in Beaver County are multiple buildings from one-level units to structures several stories high – and construction cranes that reach into the sky.

Read More...

Ohio natural gas producers meet amid low energy prices

Ohio’s natural gas producers are having their annual meeting in Columbus this week amid concerns about what low natural gas prices mean for their business. Industry experts say it is time for more attention on profit than on production. For the past few years, Ohio’s natural gas producers have been more focused on boosting production

Read More...

Ohio oil production totals increase

It grew 17 percent compared to the last quarter of 2018. Horizontal shale wells in the state produced 6.8 million barrels of oil and 685 billion cubic feet of natural gas during the fourth quarter of last year, the Ohio Department of Natural Resources announced Friday. Oil production grew 17 percent compared to the last

Read More...

NAI Ohio River Corridor’s Bryce Custer is attending the NAI Global Leadership Summit.

NAI Ohio River Corridor’s Bryce Custer is attending the NAI Global Leadership Summit. NAI global leadership summit is a unique forum at which principles, directors and managers convene for the purpose of strengthening relationships the enable an open sharing of information and nee business opportunities, while connecting with a shared vision to drive more business,

Read More...