Natural Gas NOW Picks of the Week – March 30, 2019

Ohio River Corridor

Natural Gas NOW Picks of the Week – March 30, 2019

Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. The facts are the facts: Renewables such as wind and solar get lots of positive press. But last year

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US-China Trade War Casts Chill Over LNG Market

The U.S.’s largest exporter of LNG has said that deals for the supercooled fuel with China are on hold until both countries resolve a trade spat that has disrupted the shipping of goods from soyabeans to medical equipment. Eric Bensaude, a top executive at Houston-based Cheniere Energy Inc. (NYSE American: LNG), said negotiations with Chinese

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Wind and Solar Tax Credits; Green Rent Seeking Unleashed

 ... … … Wind and solar tax credits are horribly distorting our energy markets and need to be reined in before we end up like Germany with quadrupled electric rates. The U.S. Treasury estimates that the Production Tax Credit will cost taxpayers $40.12 billion from 2018 to 2027, making it the most expensive energy subsidy

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Large Discoveries, Falling Costs Drive Interest In Offshore South America

South America offshore oil and gas development is moving into a new age as a result of massive new discoveries—particularly offshore Brazil and Guyana—and falling breakevens that make large-scale developments more financially attractive. The combination of the two has made South America offshore development one of the most attractive plays on the globe. According to a recent report by GlobalData, the

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New York lawmakers poised to pass statewide plastic bag ban

March 29, 2019 Updated 3/29/2019 Email Print New York is poised to become the second state to adopt a plastic bag ban. Lawmakers in Albany are heading to a vote on a plan that would ban plastic retail bags and give cities and counties the choice of levying a 5-cent fee on paper bags. Details

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Equity firm takes minority investor stake in Tamko Building Products

March 29, 2019 Updated 3/29/2019 Email Print Carlyle Global Partners, a long-term investment unit of the Carlyle Group private equity firm, will take a minority investor stake in the asphalt roofing and building materials business of Tamko Building Products Inc. in a transaction expected to close in the second quarter. However, Tamko’s composite decking business,

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Market Balance Remains Vital For Future Oil, Gas Investment

Oil price volatility is a phrase that sits at the core of oil and gas reality. Since the oil price crashed in 2014, the “lower for longer” philosophy has crystallized the industry’s thinking. By undertaking a digital transformation and standardization strategy, the industry has slashed the cost of producing a barrel of oil to allow

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Huntington to buy Radva assets in packaging deal

March 29, 2019 Updated 3/29/2019 Email Print Radva Corp. Radva Corp. is a supplier of expanded polystyrene and expanded polypropylene protective packaging and a leading recycler of EPS. Greer, S.C.-based Huntington Foam LLC will acquire the assets of Radford, Va.-based Radva Corp. to expand its reach in the region and its product offering of thermally

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Shaffer stepping back from Westfall

March 29, 2019 Updated 3/29/2019 Email Print Joe Wilssens/File photo Rich Shaffer at NPE 2015. Rick Shaffer has resigned his position as managing director of the western region of Westfall Technik Inc., the Las Vegas-based holding company that’s been on a buying spree since it was formed in 2017. The move was effective immediately, Westfall

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ExxonMobil to report pellet pollution

March 29, 2019 Updated 3/29/2019 Email Print As You Sow MacKerron Following pressure from a green shareholder activist group, ExxonMobil Chemical Co. agreed March 27 to expand its public reporting around resin pellet spills from its factories. Under terms of an agreement reached with Oakland, Calif-based As You Sow, ExxonMobil will begin to report this

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Thermoformer Clearly Clean to invest $10M in Pennsylvania

March 29, 2019 Updated 3/29/2019 Email Print Clearly Clean Products LLC Clearly Clean Products LLC will use the expansion of its Frackville, Pa., plant for thermoformed overwrap trays and other packaging items. Clearly Clean Products LLC, a maker of PET food trays, is expanding its thermoforming operations in the United States with the purchase and

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Encana Gears Up For Its First Anadarko Basin Cube Development

NEW ORLEANS—Encana Corp. is moving swiftly to transfer operational learnings from full field development in the Permian Basin to the Midcontinent’s Stack play following the $7.7 billion stock and debt acquisition of Newfield Exploration Co. The transaction closed in February. Encana will initiate its first cube development program in the Stack in early April, according

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South Korean Company Invests $300M in Blue Racer Midstream

This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. Blue Racer Midstream assets (click for larger version) SK Holdings is one of the largest conglomerates in South Korea, and the 57th largest company in the world. Bet you didn’t know that!

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Insanity Wins in Bristol, VT – Town Cancels Local NatGas Pipe

This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. There’s no polite way to say this: The people of Bristol, Vermont are STUPID. The Bristol Selectboard, citing a pending lawsuit by rabid anti-fossil fuel nuts, recently voted to end a license

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