Equitrans Midstream Sets Sights on MVP Completion
Despite sluggish second quarter earnings, Equitrans Midstream expects completion of the Mountain Valley Pipeline by year-end. This post appeared first on Hart Energy.
Read More...Eni Resumes Production in Three Libyan Exploration Assets
Eni’s security risk assessment of the exploration assets yielded positive results and the force majeure was lifted. This post appeared first on Hart Energy.
Read More...Commentary: EPA Must Approve Primacy for Texas CCS Wells
The Texas Railroad Commission knows the state’s terrain better than the federal government and is better suited to handling CO2 injection permits. This post appeared first on Hart Energy.
Read More...Myers Industries consolidates plants, faces earnings ‘headwinds’
The rotomolder combined two facilities in northern Indiana as the company looks to cut costs. This post appeared first on Plastics News.
Read More...Auto suppliers brace for a strike that could turn supply chain on its head
This story first appeared in our sister publication Crain’s Detroit Business. Metro Detroit automakers aren’t the only ones worried about contract talks with the United Auto Workers. The entire supply chain is sweating the potential of a strike. Automotive parts producers up and down the tiers are preparing for a possible work stoppage next month
Read More...Lindner, Erema jointly found new company to ‘revolutionize plastics recycling’
Two highly respected names in the plastics recycling world have joined together to found a new holding company called Bluone Solutions. The two – Erema Group and Lindner Holding – each own a 50 percent share of the new company, with Lindner contributing shares of Lindner Washtech to the merger. This post appeared first on
Read More...Chesapeake 2Q Profit Drops on Less Production, Lower Prices
Chesapeake Energy Corporation, the country’s third largest publicly-traded natural gas producer, issued its second quarter 2023 update yesterday. The company reports a profit of $391 million in net income during 2Q23, down from $1.2 billion in 2Q22. The drop was due to lower gas prices and less production. Second quarter net production was 3,653 MMcfe…
Read More...Gulfport Drilling Marcellus (Not Utica) Wells in Belmont Co., OH
Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May 2021 with a new board and top management. In January of this year, the company appointed a new CEO, John Reinhart, the former President and CEO of M-U driller Montage Resources Corporation before that…
Read More...WV July Severance Tax Revenue Drops Like a Rock, Down 93%
West Virginia’s state budget runs from July 1 through the following year’s June 30. WV’s General Revenue collections for July 2023, the first month of Fiscal Year 2024, came in at a respectable $7.7 million above estimates, with total collections of $335 million. However, that $335 million collected is 12% lower than the $381 million…
Read More...New Details Revealed re Gov. Shapiro’s Secret Global Warming Group
Newly-elected Gov. Josh Shapiro, who appears to be completely ineffective since taking office (which is not necessarily a bad thing), appointed a working group in April to help guide him on what he should do concerning the Regional Greenhouse Gas Initiative (RGGI) carbon tax and the broader issue of global warming (see PA Gov Appoints…
Read More...Energy Transfer Exports 20% of Worldwide NGLs, 40% of U.S. NGLs
Energy Transfer (ET) is one of the country’s largest midstream (pipeline) companies. ET is the builder and operator of important pipelines in the Marcellus/Utica region, including Rover, natgas pipeline through Ohio delivering M-U molecules to the Midwest, Canada, and beyond, and the Mariner East pipelines that deliver NGLs from Eastern Ohio and PA to the…
Read More...39 Republican U.S. Senators Ask EPA to Withdraw Power Plant Reg
In May, the Bidenistas at the Environmental Protection Agency (EPA) released a hellscape of new regulations (681 pages) aimed at forcing coal- and natural gas-fired power plants to close (see New Biden EPA Regs a “Death Sentence” for Fossil-Fuel Power Plants). The editors of the Wall Street Journal called the new EPA regulations “An EPA…
Read More...Other Stories of Interest: Thu, Aug 3, 2023
OTHER U.S. REGIONS: How would ‘clean heat’ standard impact NJ’s natural-gas utilities?; NATIONAL: BlackRock and its ESG ‘voting choice’ ruse; Oil and gas merger action surges after a dormant first quarter; Lawsuits against Big Oil over climate change are nonsensical; INTERNATIONAL: Carbon ‘capture’ climate tech is booming, and confusing; GALACTIC: Experiments show methane formation in…
Read More...Westlake, DuPont and Huntsman report lower quarterly sales and profit
Westlake Corp., DuPont Co. and Huntsman Corp. all saw sizable drops in sales and profit in the second quarter. This post appeared first on Plastics News.
Read More...Life in plastics, it’s fantastic
In our Women Breaking the Mold 2023 special report, noted a trend: More nominees had titles of director, vice president, manager or leader than we’d seen before, and more worked in industries such as environmental health, safety, regulations and operations. One quote that kept popping up among honorees this year was “if you can see
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