Industry ReportOil From US Government Leases Tops 1 Billion Barrels in 2019

Ohio River Corridor

Industry ReportOil From US Government Leases Tops 1 Billion Barrels in 2019

By MATTHEW BROWN Associated Press BILLINGS, Mont. (AP) — Oil production from federally-managed lands and waters topped a record 1 billion barrels last year, U.S. officials told The Associated Press, as shorter permitting times and technological advances helped drive new development. Critics charge that the gains being made by energy companies come at the expense

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Don’t put off succession planning

This week’s column is about succession planning — both at your company and in your personal life. It’s a very important subject. What sparked this was the Plastics Academy’s announcement that Dennis Tully, the president and owner of MTD Micro Molding, is getting inducted posthumously into the Plastics Hall of Fame. Dennis was just 58

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DeArmitt tackles plastic questions in new book

Concerns over what he considers a growing amount of plastics misinformation have led plastics veteran Chris DeArmitt to write a book: “The Plastics Paradox: Facts for a Brighter Future.” The book will be available next month on Amazon. The self-published book will be available in hardcover and as an electronic version. DeArmitt holds a PhD

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Plastics play key role for distributor Maroon

Avon, Ohio — Plastics remain an important of the business model at specialty chemicals distributor Maroon Group. “We’re bullish long term on plastics because of the scale that we’ve built,” President and Chief Operating Officer Mike McKenna said Feb. 5 in an interview at Maroon’s headquarters in Avon. “Plastics are in a great spot for

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Ascend buys Italian materials firms

Nylon 6/6 leader Ascend Performance Materials has acquired a pair of materials firms in Italy. Houston-based Ascend purchased Poliblend and Esseti Plast GD from D’Ottavio Group. The deal includes a manufacturing facility in Mozzate, Italy. No purchase price was disclosed. Esseti Plast is a producer of masterbatch concentrates. Poliblend makes compounds and concentrates based on

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Merit SI, KOMIPO America Team On Solar Project Planned For Permian Basin

Merit SI LLC and KOMIPO America Inc. inked a joint development agreement on Feb. 12 to complete the development and construction of the 150 MW Concho Valley Solar project located in Tom Green County, Texas. Concho Valley Solar will deploy Merit SI’s advanced power plant controls platform, capable of enabling intermittent renewable power plants to

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BP, Shell, Total Seek Norwegian Green Power For Oil Platforms

Oil majors BP, Shell and Total want to connect some of their oil platforms to Norway’s onshore power grid to reduce carbon emissions, BP said in a letter to the oil and energy ministry. Pressure has intensified on fossil fuel companies to curb emissions as investors threaten to withhold funds and public awareness of climate

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Can renewables jobs be filled by out-of-work miners?

Feb 11, 2020 | By Rick Stouffer, Editor, Kallanish Energy There’s no question the energy mix in the U.S. is undergoing tremendous change, as coal rapidly is being shoved out of the picture, its emissions dooming its use, despite a huge supply in the Lower 48 U.S. states and worldwide. Coal’s share of U.S. power

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KeyBanc: Volatility To Drive Oil, Gas Prices In 2020

HOUSTON—The current energy investing environment is “the worst we’ve seen in multiple decades,” according to KeyBanc Capital Markets analyst Leo Mariani, characterizing investor interest in oil and gas company equities. Multiples of many E&P companies are below even where they were in the late 1990s—prior to the shale era—when they had an exploration model with

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TGS Reveals Eastern Delta Refocus Imaging Program In US Gulf Of Mexico

TGS, a leading provider of mult-client geoscience data for E&P companies, announced the Eastern Delta Refocus 3D Ocean-Bottom Seismic (OBS) imaging program in the U.S. Gulf of Mexico on Feb. 13. This reprocessing project marks the next phase of imaging over the mature, hydrocarbon producing areas of Main Pass and Viosca Knoll. By applying advanced

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Marathon Oil Profit Misses Estimates As Prices Tumble

Marathon Oil Corp.’s quarterly profit missed analysts’ estimates on Feb. 12, as tumbling oil and gas prices more than offset the benefits of robust U.S. shale production. Marathon’s results mirrored weaker earnings across the sector, as prices of global crude fell in the quarter on oversupply and demand concerns, fueled by fears of slowing global

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Kickstart: Vitamins B, C and PCR

Feeling a bit run-down? Why not try some multivitamins, shipped directly to your home in a 100 percent post-consumer recycled PET bottle? Amcor Ltd. announced Feb. 11 that it is supplying the first 100 percent PCR multivitamin packaging for Ritual, a startup with a range of multivitamins shipped to customers’ homes. It is supplying two

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Air Quality Is Improving Every Day, So Breathe A Little Easier, Please!

 ... … … Air quality keeps improving and natural gas is a large contributor, along with technology and the ability to innovate that comes with economic growth. Breathe a Little Easier is part of our ongoing effort to explain the role that energy has played in improving human living standards over the past two centuries. This

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Woodside writing-down Western Canada investments

A partner in the proposed Kitimat LNG project on the British Columbia coast said it will record a $720 million after-tax writedown on its investments in Western Canada, Kallanish Energy learns. Australia-based Woodside Petroleum said the charge against 2019 earnings reflects uncertainty in timing of when it will be able to develop its natural gas fields

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