Prediction: NatGas Growth Blunted Next 10 Yrs Due to Coronavirus

Ohio River Corridor

Prediction: NatGas Growth Blunted Next 10 Yrs Due to Coronavirus

Analysts at S&P Global are making a bold prediction: It will take a full ten years for the world to recover from the coronavirus and begin growing its demand for natural gas once again. Something about the prediction just seems “off” to us.This post appeared first on Marcellus Drilling News.

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Dallas Fed Survey: Energy Execs Predict What’s Ahead for O&G

Each quarter the Dallas Federal Reserve conducts a survey of 150-200 oil and gas firms located or headquartered in the Eleventh District–Texas, southern New Mexico, and northern Louisiana. The energy company executives surveyed run companies that operate regionally, nationally, and some even internationally. The Dallas Fed released its latest quarterly Energy Survey results yesterday. We

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Justin Bieber Captures the Plight of Laid-Off Oil & Gas Workers

Bet you never thought you’d read about (or watch) a Justin Bieber video on MDN. We never thought we would write about or feature Bieber’s music. But then we watched a video of his newest song called Holy, a video that’s been watched (so far) over 32 million times since it was released to Youtube

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Other Stories of Interest: Thu, Sep 24, 2020

MARCELLUS/UTICA REGION: PUC orders Sunoco Pipeline to conduct public education & awareness meeting in Cumberland County; Boilermakers, CNX share stage to back fracking, pipelines and Trump; Energy secretary sees region’s plastics industry as critical; Trump slams Biden on fracking and trade at Pennsylvania rally; OTHER U.S. REGIONS: California should ban oilfield fracturing by 2024 and

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Mold builders focus on lean manufacturing for emerging leaders

Indianapolis — The American Mold Builders Association says industry knowledge meets critical thinking is the focus of its newest education series aimed at 40-and-under members. Called “Get Lean – A Project Based Application Series,” the six one-hour sessions cover “the why and how of lean manufacturing principles,” including structure and application, case studies, opportunities driving

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Blockchain Startup Data Gumbo Secures $4 Million from L37, Equinor and Saudi Aramco

Data Gumbo, the trusted industrial blockchain network, said Sept. 24 it has executed the first close in its Series B funding round of $4 million led by new investor L37, a Bay Area and Houston-based venture capital company, with return investments from Equinor Ventures, the venture subsidiary of Equinor, and Saudi Aramco Energy Ventures, the venture subsidiary of Saudi

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Midstream Projects Update: Is 2020 Over Yet?

Energy Transfer Partners, as the kids would say, got “2020ed.” The company’s Dakota Access Pipeline (DAPL) was ordered to shut down in early July by a federal judge who ruled that the U.S. Army Corps of Engineers did not conduct an environmental impact statement as required before issuing a permit. So, three years after DAPL

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Norway Oil Drilling Rig Companies Agree on Wage Deal with Workers

Three Norwegian labor unions agreed on a wage deal with the owners of floating offshore oil rigs, preventing a strike that could eventually have halted the exploration for new oil and gas reserves, the unions and companies said in separate statements on Sept. 24. The deal between the Norwegian Shipowners’ Association and the Industri Energi,

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Archer Wins North Sea Contract Extension with Apache

Archer has secured a four-year contract extension with Apache Corp. on Sept. 23 for the provision of platform drilling operations and maintenance services on Beryl Alpha and Bravo, Forties Alpha, Bravo, Charlie and Delta in the U.K. North Sea. The extension will commence January 1, 2021 in direct continuation of the current contract. Based on

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Economic fallout from COVID-19 continues

There’s no quick fix for the U.S. economy in the wake of the COVID-19 pandemic, according to Cara Walton with consulting firm Harbour Results Inc. The impacts of early-year shutdowns and of slowed economic activity continue to be felt, Walton said during Plastics News’ 2020 Caps & Closures conference. Consumer sentiment remains down, in spite

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Homeland Vinyl growing in Tennessee

Birmingham, Ala. — Homeland Vinyl Products Inc. will invest $2.2 million to add 38,000 square feet of production space and 55 employees for new fence, deck and rail extrusion and assembly capabilities in Surgoinsville, Tenn. The expansion follows a 2017 addition of 50,000 square feet at the facility. “We have had great success with our

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American Energy Innovation Act Is Dangerous Green Virtue Signaling

Tom ShepstoneShepstone Management Company, Inc. …. ….  Congress is up to no good. The American Energy Innovation Act, paraded as bipartisan, is nothing but green virtue signaling and dangerous. The 10th Amendment to the United States Constitution says the following: The powers not delegated to the United States by the Constitution, nor prohibited by it

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Kickstart: California making a big push for EVs

Maybe this will tip the scale toward electric vehicles in the U.S., with California planning to eliminate the sale of new gasoline-powered vehicles by 2035. Gov. Gavin Newsom said the state will act by having the California Air Resources Board develop regulations to mandate 100 percent of in-state sales of new cars and trucks to

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Tight supplies challenge PE, PP resin markets in 2020

The combination of COVID-19 and production outages have tightened supplies of polyethylene and polypropylene resins in 2020. Market analysts Mike Burns and Scott Newell of Resin Technology Inc. explored markets for those materials as parts of Plastics News’ Caps & Closures conference. “Plastics hit all points in the grocery chain,” said Burns, who covers PE

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Boilermakers, CNX Share Stage to Back Fracking, Pipelines and Trump

Tom ShepstoneShepstone Management Company, Inc. …. ….  Nick DeIuliis, the straight-talk CEO of CNX Resources and Shawn Steffee of Boilermakers Local 154 provide some great insight on energy politics! It’s impossible not to be impressed with Nick DeIuliis, the CEO of CNX Resources. He’s clearly not the typical corporate CEO, hiding behind a wall of

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