Output from the Absheron gas field in the Caspian Sea is expected to begin in 2022, Azeri state energy firm SOCAR said Jan. 13, a year later than had been expected. The site is being developed by SOCAR and France’s Total and is part of Azeri plans to become a major gas exporter. Azerbaijan began
Read More...Mexico City — Envases Europe A/S, a member of the Envases Universales Group, a Mexico-based global packaging supplier, has agreed to acquire Germany’s Huber Packaging Group GmbH for an undisclosed sum. A deal is expected to be signed in the first quarter of 2021, Envases Europe, of Loesning, Jutland, said in a news release posted
Read More...During a pandemic with social distancing rules, it turns out that people are more interested than ever in recreational vehicles. Yes, RVs, which essentially are rolling self-contained travel bubbles, got very popular in 2020, and it looks like their time in the spotlight is continuing. “RVs are tailor-made for a socially distanced vacation, and many travelers discovered
Read More...George StarkDirector, External AffairsCabot Oil & Gas … .. [Editor’s Note: The proposed Federal leasing ban would be completely counterproductive both environmentally and economically.] In September 2020, the American Petroleum Institute (API) introduce a report addressing the impact of a ban on federal leasing in the United States. Their analysis explains the burdens that a leasing and development ban
Read More...Paul DriessenCommittee For A Constructive Tomorrow …. …. The incoming Biden Administration is going whole hog with the Green New Deal and it promises to be an unmitigated disaster awaiting. Joe Biden, Kamala Harris, AOC, the Democrat Party and US environmentalists are committed to making climate change, the Green New Deal, and replacement of fossil
Read More...Amid a decrease in oil and gas prices, a two-year trend of rising proved reserves of oil and natural gas in the United States has come to a halt, according to the Energy Information Administration. Natural gas proved reserves declined 1.9% year over year in 2019, falling to 494.9 Tcf from 504.5 Tcf. The change
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) [Editor’s Note: Farmers and landowners have ben helped tremendously by the economics of Marcellus Shale development, which are highly positive.] The 105th Pennsylvania Farm Show kicked off on Saturday, Jan. 9 and runs through this Saturday, Jan. 16. Sadly, this year the farm show is all virtual due to the coronavirus.
Read More...Mundelein, Ill.-based Commercial Plastics Co. is closing a Lakeville, Minn., facility it acquired in April when it purchased the assets of injection molder Imperial Plastics Inc., affecting 122 employees. Layoffs will begin in February, CEO Matt O’Connor told Plastics News, and the plant will be completely closed by May. Closing the Lakeville facility was never
Read More...Packaging specialist IPL Plastics Inc. is expanding in the overcap market by purchasing Springfield, Ohio-area injection molder Tech II Inc. Terms of the deal were not disclosed. Tech II was founded in 1969 by Jerry Shiffer, and has been family owned. “We are very excited about this partnership. IPL will be in position to react
Read More...Former Lucent Polymers executives Kevin Kuhnash and Jason Jimerson will be sentenced Jan. 25 for fraud-related charges connected to the sale of that compounding firm to Citadel Plastics. Kuhnash, Lucent’s former CEO, pleaded guilty on July 28 to two counts of securities fraud and one count of money laundering, according to a news release from
Read More...Plastics industry consultant Lewis Yasenchak is offering free assessments of production plants and business development plans to help company executives improve operations and sales, particularly if they are facing challenges from the workforce skills gap in manufacturing. Calling himself “The Fixer,” Yasenchak said in a news release that he has 35 years of experience related
Read More...In a brilliant move aimed at boxing in the Delaware River Basin Commission (DRBC), two northeastern Pennsylvania State Senators–Gene Yaw and Lisa Baker–along with members of the PA Senate Republican Caucus, filed a lawsuit yesterday against the DRBC, accusing the quasi-governmental agency of “taking” the property rights of PA residents without just compensation under the
Read More...Oil & Gas Investor magazine recently sat down with Toby Rice, CEO of EQT Corporation, to discuss his (and his brother Derek’s) successful takeover of the company in July 2019. The lengthy article begins this way: “A year and a half after leading a mutiny of shareholders to take control of the nation’s largest natural
Read More...click for larger version Although Mountain Valley Pipeline (MVP), a 303-mile greenfield pipeline from Wetzel County, WV to Pittsylvania County, VA (92% completed) is currently mired in delays due to a lawsuit by the Sierra Club and colluding Democrat judges on the 4th Circuit Court, MVP is not letting the situation slow them down with
Read More...If you recall, the COVID-19 coronavirus pandemic wasn’t really “a thing” (here in the U.S.) until mid-March 2020. That’s when all hell broke loose and the country shut down. Prior to that, natural gas demand was steadily rising and hitting all-time highs (see Rover, NEXUS NatGas Exports to Canada Currently “Maxed Out”). Guess what? Demand
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