The early moves from the Biden Administration raise serious questions about the commitment to the so-called “just transition” for energy workers. The executive orders to cancel the Keystone XL pipeline and ban new leasing for oil and natural gas development on federal lands has resulted in tens of thousands of workers and hundreds of small
Read More...Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … [Editor’s Note: New York is imposing huge costs on its citizens based on a hypothetical (and political) value of carbon reduction that makes little sense] The popular narrative is greenhouse gas emission reductions are necessary to prevent climate change impacts. In order to justify the
Read More...Alexander StevensPolicy AnalystInstitute for Energy Research …. … … [Editor’s Note: Tom Wolf is a spoiled trust-funder obsessed with the fact he can’t just dictate a severance tax be imposed on Pennsylvanians at his will.] Over the past week, Pennsylvania Governor Tom Wolf has once again promoted the idea of levying a severance tax on the natural
Read More...Alta Resources is considering a sale of its acreage for more than $3 billion, sources told Reuters last week. The privately-owned Appalachian natural gas producer has been forced to explore options that increase efficiency due to the long slump in energy demand that has put pressure on North American oil and gas exploration and production.
Read More...It’s been weeks since the Biden administration temporarily removed the authority of approving permits from career Bureau of Land Management staffers here in Colorado and placed an indefinite moratorium on oil and natural gas leasing on federal lands. There has since been swift and critical reaction around the country to these orders that will cost
Read More...France’s Total SA posted better than expected earnings in the fourth quarter as oil prices stabilized, but a hit from write-downs on assets due to the COVID-19 pandemic plunged it to a $7.2 billion net loss for 2020 as a whole. Like its rivals, the oil and gas major suffered as fuel consumption plummeted during
Read More...Qatar Petroleum (QP), the world’s top LNG supplier, signed a contract on Feb. 8 for the first phase of its North Field LNG project expansion, aiming to boost the country’s LNG output by 40% a year by 2026. The expansion, which will take Qatar’s LNG production capacity to 110 million tonnes per annum (mtpa) from
Read More...Clark Sackschewsky, national leader for BDO’s energy practice as well as global leader of oil and gas, joined Hart Energy’s Jessica Morales for a financial outlook of the energy sector. During the interview, Sackschewsky discusses the BDO 2021 Energy CFO Outlook Survey, an annual survey of CFO across the energy spectrum including upstream oil and gas and
Read More...Baystar, a Total and Borealis venture, will start by the end of March its new Port Arthur ethane cracker with over a million-tonnes-per-year capacity while the new 625,000-tonne per year polyethylene unit in Pasadena will start by March 2022, a spokeswoman said by email on Jan. 25. × Once completed, the Port Arthur cracker will
Read More...ExxonMobil slashed capital expenditures for 2021 but despite such massive cuts it has pushed forward its ethane cracker, polyethylene and mono-ethylene glycol chemical complex in Corpus Christi, Texas set to be ready before the end of the year ahead of the 2022 originally scheduled date. × The Irving, Texas-based company provided on Feb. 2 its
Read More...North America’s largest rotational molding company, Tank Holding Corp., has purchased Florida-based rotational molder Dura-Cast Products Inc., effective Feb. 8. “Dura-Cast augments an important part of Tank Holding’s overall growth strategy, which is to strengthen our core tank business while enhancing leading positions in adjacent markets, where we can leverage our industry knowledge and expertise
Read More...Materials firm Trinseo reported lower sales overall and in its plastics-related businesses in 2020. Total sales at Berwyn, Pa.-based Trinseo were down almost 20 percent for the year to just over $3 billion, as profit plunged more than 90 percent to $8 million. Sales for the firm’s synthetic rubber unit, which is being considered for
Read More...Qatar Petroleum Signs Deal for Mega-LNG Expansion The expansion, which will take Qatar’s LNG production capacity to 110 mtpa from 77 million mtpa, is the largest single LNG project ever to be sanctioned, according to consultancy Wood Mackenzie. This post appeared first on Hart Energy.
Read More...Royal Dutch Shell Plc agreed to a deal on Feb. 8 to supply renewable power to Amazon.com Inc.’s European facilities in what the U.S.-based retail giant described as its “largest single-site renewable energy project to date.” Amazon has vowed to be net-zero carbon by 2040, which includes plans to power its operations with 100% renewable energy
Read More...Electric vehicle (EV) sales are expected to reach 62 million units per year by 2050, with a total global EV stock of 700 million, according to new research from Wood Mackenzie published Feb. 8. The forecast comes as a push for use of cleaner energy to achieve climate goals by governments around the world, particularly
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