It’s been an eventful (and not in a good way) week and a half since Joe Biden seized control of the White House. Or more properly, since the radicalized left took control and began ramming anti-fossil fuel Executive Orders down old senile Joe’s throat. He just keeps signing, admitting he doesn’t even know what’s he
Read More...MARCELLUS/UTICA REGION: Pain of natural gas price drop spreads to Pa. agencies, communities; NATIONAL: General Motors to go all-electric by 2035; Biden makes it OK for banks to discriminate against fossil fuel companies; US natural gas in storage falls less than expected but massive draw looms; Biden administration sued for halting oil, gas leasing on
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … [Editor’s Note: Down to Earth is a company; a contractor benefitting from the shale revolution and helping it along with its supply chain services.] This month’s contractor spotlight shines on Down to Earth Equipment Rentals. We started working with them almost as soon as we arrived in
Read More...Dow Inc. saw improved results from its plastics-related businesses in the fourth quarter of 2020 as the business continued to recover from the COVID-19 pandemic. Fourth-quarter sales in the Packaging & Specialty Plastics unit of Midland, Mich.-based Dow were up 6 percent to $5.13 billion for the quarter, vs. the same quarter in 2019. The
Read More...Check out the latest oil and gas drilling activity highlights from around the world including a new gas condensate find in the Norwegian Sea by ConocoPhillips plus Equinor’s latest oil discoveries offshore Newfoundland, Canada, an update on BP’s exploration venture offshore Western Australia, Geopark’s results from an appraisal test in Colombia’s and a gas discovery
Read More...Resin buyers hoping to ease into 2021 had a rude awakening, as a series of price hikes have taken hold in North American markets for polypropylene and other commodity materials. PP prices have surged an average of 13 cents per pound since Jan. 1, after jumping 14 cents in December. The eye-popping two-month total of
Read More...The top elected official of the largest U.S. oil and gas producing state on Jan. 28 pledged to fight President Joe Biden’s executive orders that he claimed would undercut Texas energy production. In a case of dueling executive orders, Texas Gov. Greg Abbott authorized state agencies to bring legal challenges against Biden’s policies. Biden on
Read More...Marathon Oil Corp. unveiled a new executive compensation structure on Jan. 27 that places a bigger emphasis on ESG performance and prioritizes profitability over growth that analysts with Enverus said are in line with investor-driven trends. Among other changes, the plan by the U.S. shale producer lowers the CEO and board’s total compensation by 25%,
Read More...On Wednesday, President Biden issued a ban on new oil and natural gas leases on federal lands and waters, the impacts of which will be felt in communities across the country. Some states, such as New Mexico, will feel the effects of the ban sooner than others. On a recent media call hosted by the
Read More...The following information is provided by RedOaks Energy Advisors LLC. All inquiries on the following listings should be directed to RedOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Verde Royalty Partners has retained RedOaks Energy Advisors as its exclusive adviser in connection with the sale of its Eagle Ford
Read More...Saudi Arabia’s Crown Prince Mohammed bin Salman, the kingdom’s de facto ruler, on Jan. 28 said that Saudi Aramco will sell more shares as part of plans to bolster the country’s main sovereign wealth fund. Aramco, the world’s biggest oil company, completed the world’s largest IPO in late 2019, raising $25.6 billion and later selling
Read More...Windsor, Conn.-based injection mold maker Burteck LLC plans to relocate this year to a larger building it recently bought for $1.4 million. The company has outgrown the 15,000-square-foot building it purchased in 2013 and will transition to the 40,330-square-foot facility 6 miles away in Bloomfield, Conn., President Peter Burgess said in a Jan. 26 phone
Read More...Detroit — General Motors plans to stop selling gasoline-powered vehicles by 2035 as it works toward a goal of becoming carbon-neutral by 2040. “General Motors is joining governments and companies around the globe working to establish a safer, greener and better world,” CEO Mary Barra said in a post Thursday on LinkedIn. “We believe that
Read More...A year ago on Jan. 27 German supplier Webasto became the first company in Germany to publicly confront the coronavirus after learning that a Chinese employee from Shanghai unknowingly brought the virus to the company’s headquarters in Stockdorf, outside Munich. Webasto, a maker of sunroofs, polycarbonate moldings and lithium-ion battery packs, informed German health authorities
Read More...President Joe Biden’s decision to kill the Keystone XL pipeline has many wondering about other oil and gas infrastructure projects and for good reason. Biden’s decision on Keystone XL showed he would stand with anti-fossil fuel activists rather than science, the voices of prominent labor unions, and the United States’ most vital trading partner. Biden’s
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