Crude oil prices rose Monday, supported by the possibility of a longer-than-expected Opec+ crude supply cut and indications of inventory declines at Cushing, Oklahoma. Representatives of Opec+, the amalgamation of most Opec members along with a number of non-Opec producer-countries led by Russia, met in Azerbaijan to monitor their crude supply reduction deal. They said
Read More...Russian energy minister Alexander Novak said Sunday his country will be fully compliant with Opec+ supply cuts over the coming weeks. “As far as the meeting is concerned we, of course, discussed the situation with the execution of the agreement (and) we stressed once again that Russia is discharging its obligations in accordance with the agreement
Read More...Oil and gas production in Ohio’s Utica Shale continues to climb as its 2,141 producing wells outpace old records, according to fourth-quarter results released by the Ohio Department of Natural Resources. Natural gas production increased 31.9 percent when compared with the same quarter in 2017 as drillers across the state yielded 663.5 billion cubic feet
Read More...Hoboken, N.J.-based Newell Brands Inc. sold its Process Solutions business to New York-based private equity firm One Rock Capital Partners in a deal the seller expects to bring in $500 million after taxes. Process Solutions produces plastic, nylon, monofilament and zinc products for the health care, consumer and industrial markets as well as governmental agencies,
Read More...The dollar volume of mergers and acquisitions in the U.S. electrical and gas distribution sector—for gas, midstream and distribution—in 2018 set a new high-water mark, according to the annual energy survey by Baker Botts. Deal volume for transactions in the United States was over $359 billion, well above the $213 billion recorded in 2017. Notably,
Read More...[Editor’s note: This story was updated at 10:26 a.m. CST March 19.] Williams (NYSE: WMB) unveiled plans on March 18 to optimize its midstream operations in the western Marcellus and Utica basins through a $3.8 billion joint venture (JV) with Canada Pension Plan Investment Board (CPPIB). The JV will include Williams’ 100% owned Ohio Valley
Read More...The Colorado House is holding its first hearing this afternoon on the state’s oil and gas bill. The “Boulder Bill” passed through the Senate last week while a blizzard effectively shut down the rest of the Denver Metro area. As a quick recap, the bill would drastically change many regulations governing the oil and gas industry
Read More...March 18, 2019 Updated 3/18/2019 Email Print European Rubber Journal Flexan LLC has introduced a new full-service concept for the development of silicone and thermoplastic medical devices, a move it says will help meet growing demand for these products. Under the new concept, Lincolnshire, Ill.-based Flexan supports the entire value chain, from product development, prototyping
Read More...Opinion: It’s The Demand, Dummy…Isn’t It? World energy demand is bound to be driven by population growth on the other side of the world from Washington, D.C., which seems narrowly focused on controlling energy consumption in the United States and Europe where, as data suggests, it’s already been falling. This post appeared first on Hart Energy.
Read More...March 18, 2019 Updated 3/18/2019 Email Print Reshoring Institute Coates Naples, Fla. — Reshoring has brought some manufacturing jobs back to the U.S., thanks to changes in the global business world and in part to the efforts of industry veterans like Rosemary Coates. Coates is executive director of the Reshoring Institute, a nonprofit consulting group
Read More...March 18, 2019 Updated 3/18/2019 Email Print Don Loepp Dean Trombetta, quality manager for Midwest Resins, at the company’s Roseville, Mich., facility. Roseville, Mich. — Midwest Resin Inc. recently added a mechanical testing laboratory and blending capabilities at its 14,000-square-foot facility in Roseville. The 11-year-old resin distributor is seeing steady growth and is already considering
Read More...March 18, 2019 Updated 3/18/2019 Email Print Plastics recycler and strapping maker Polychem Corp. is being sold. The Mentor, Ohio-based company, which makes both PET and polypropylene strapping, was acquired by The Sterling Group, a private equity firm based in Houston. Polychem, located in the eastern suburbs of Cleveland, has been family owned since the
Read More...Tom ShepstoneShepstone Management Company, Inc. The shale revolution is just destroying its enemies, with record production of natural gas, growing exports and long desired energy security for the United States. The Energy Information Administration (EIA) is out with stunning statistics on the impacts of the shale revolution. The data is simply overwhelming; the shale revolution
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about LNG demand, new compressor stations, PTT cracker plant and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our FOURTH
Read More...Tom ShepstoneNatural Gas NOW … … Fractivism is nihilism unleashed. It espouses destruction of any existing order with a view toward replacing it with a utopian society led by fractivists. Nihilism is the denial of any meaningful aspects to life. Its adherents typically believe the only thing that matters in the least is power; the
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