The world’s top energy body has come under fire from leading investors and scientists who say that its energy forecasts are not in line with the latest climate science, and could contribute to higher levels of CO₂ emissions. In a letter to the International Energy Agency (IEA) seen by the Financial Times, businesses including Hermes
Read More...Operators in February announced several huge oil and gas discoveries, according to a recent report by Stratas Advisors. Of the new discoveries, eight were in the following six countries: Indonesia, South Africa, Guyana, Mexico, Cyprus and Norway. Total combined resource of the new discoveries could be over 13 trillion cubic feet of natural gas and
Read More...... … … U.S. energy exports are growing in a big way and are already leading to U.S. energy dominance, a result thought impossible by many until the shale revolution. The International Energy Agency’s (IEA) five-year outlook expects that the United States will overtake Russia and potentially Saudi Arabia as an oil exporter by 2024. The U.S. shale
Read More...ExxonMobil has held talks on the sale of a number of oil and gas fields in Nigeria, as the company focuses on developments in the U.S.’s Permian Basin and Guyana, industry and banking sources told Reuters. The potential sales are expected to include stakes in onshore and offshore fields and could raise up to $3
Read More...The liquefied natural gas arm of oil supermajor Royal Dutch Shell has become the first customer of NextDecade’s proposed $15 billion Rio Grande LNG export terminal at the Port of Brownsville, Texas. NextDecade announced the 20-year sale and purchase agreement at the LNG2019 conference in Shanghai Monday night, Kallanish Energy learns. Under the deal, Shell will
Read More...Energy midstreamer/transporter/storage giant Energy Transfer LP is opening an office in Beijing, looking to capitalize on China’s demand for ethane and other natural gas liquids. By opening its first office outside the U.S., Energy Transfer hopes to better leverage the increasing business opportunities in the export of energy products to China and other Asian markets,
Read More...Conventional producer Diversified Gas & Oil plans to expand its operations and acquire 107 horizontal natural gas wells in the Appalachian Basin, according to Kallanish Energy. In the transaction, subsidiary DGO Corp. will get 56 wells in southwest Pennsylvania and 51 wells in West Virginia from HG Energy Appalachia II for $400 million. The company
Read More...April 2, 2019 Updated 4/2/2019 Email Print Michael A. Marcotte Workers finish preparations for Plastimagen 2019. The trade show in Mexico City opened April 2. Mexico City — Business activity in Mexico’s plastics industry is slowing for the first time in a decade, according to Aldimir Torres, the president of industry association Anipac. “In the
Read More...Community Environmental Legal Defense Fund founder Thomas Linzey has made it clear that he has no issue with bankrupting towns to push his anti-energy “Rights of Nature” agenda. For one rural community in Pennsylvania, that’s exactly what could happen following a federal court ruling this week that found the Indiana County township financially responsible for
Read More...April 2, 2019 Updated 4/2/2019 Email Print Lakeland Tool & Engineering Inc. Lakeland Tool & Engineering Inc. will operate as a subsidiary and sister company of Plastech Corp. North Branch, Minn.-based Frandsen Corp. acquired the assets of Lakeland Tool & Engineering Inc. and will run it as a subsidiary and sister company to Plastech Corp.
Read More...Just two months after the New York Times reported that Texas and New Mexico’s Permian Basin could surpass Saudi Arabia’s Ghawar oilfield to become the highest producing oilfield in the world in the next three years, data released this week provided a new take: It already did. Now we know the Permian basin is now
Read More...Casey Fleming, chairman and CEO of Black OPS Partners, visited CERAWeek by IHS Markit last month with a message warning companies to be proactive. A new world of rivalries sees several adversaries, including Russia and China, employing people to steal data and innovation from the U.S. energy sector, says Fleming. This post appeared first on
Read More...April 2, 2019 Updated 4/2/2019 Email Print Atlas Mold Inc. Atlas has been adding about three electric injection presses per year for the last five years and currently has 38 presses ranging in size from 20-310 tons of clamping force. Johann Hofschuster got into the mold making business back in 1979 with help from friends
Read More...April 2, 2019 Updated 4/2/2019 Email Print Engel Holding GmbH Engel Holding GmbH’s new plant in San Pedro, Mexico. Mexico City — Engel de Mexico, part of Austria-based injection press and robot maker Engel Holding GmbH, has opened a second location in Mexico, in San Pedro near Monterrey, a center of the automotive, packaging, telecommunications
Read More...Tom ShepstoneShepstone Management Company, Inc. The Rockefeller gang, in the guise of 350.org and its affiliates is trying hard to kill the NESE project by playing Andrew Cuomo. Or, is it the opposite? It’s amazing how easy it is to manipulate New Yorkers and, especially, the New York press. There is a major move
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