Ultra Petroleum Corp. emerged from bankruptcy on Sept. 16 as a private operator with the new moniker UP Energy. After struggling with nearly $2 billion of debt left on its balance sheets despite a previous restructuring, Ultra, one of the largest oil and gas drillers in Wyoming, voluntarily filed for Chapter 11 bankruptcy in May.
Read More...[Editor’s note: Opinions expressed by the author are their own.] If 2020 had been anything close to a normal year, the oil and gas industry would have just wrapped up its annual gathering in Singapore, most likely reassured of its ongoing essential role in humanity’s future. But this is far from a normal year, and
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, 1600 AM, 104.1 FM and Sundays on YesFM, talked about natural gas pipelines, Russia, Saudi Aramco and much more last week. The Shale Gas News has grown again to the Williamsport area
Read More...U.S. independent E&P firm Apache Corp. has commenced exploration on a new location in Block 58 offshore Suriname, Kallanish Energy reports. Having already made three oil and oil/gas condensate discoveries in wells throughout the Block earlier this year, Apache confirmed that drilling operations at the Keskesi East-1 well has commenced last week. In a statement,
Read More...Hygo Energy Transition, a joint venture between Golar LNG and Stonepeak Infrastructure Partners, is seeking an initial public offering (IPO) of $485 million, Kallnish Energy reports. According to a regulatory filing to the Securities and Exchange Commission (SEC) on Thursday, the company plans to offer 23.1 million common shares valued at $18-21 apiece. The higher
Read More...German wind turbine manufacturer Nordex has secured a contract to supply turbines to a wind farm located in Texas, U.S., Kallanish Energy reports. Under the terms of the agreement, announced on Friday, will see Nordex deliver and install 65 N149/4.0-4.5 wind turbines in the 4.8 megawatt (MW) operating mode, for a total capacity of 312
Read More...Finnish state-owned gas company Gasum has secured a new deal for liquefied natural gas (LNG) delivery and a terminal in Norway, Kallanish Energy reports. The contract, with Norwegian steel manufacturer Celsa Armeringsstål AS, was announced on Friday and includes the supply of LNG and the construction of a customer terminal in the Mo Industrial Park, located
Read More...The U.S. Department of Energy has awarded $24 million to two projects to commercialize sodium-ion battery development and methane detection technologies, Kallanish Energy reports. A $19 million grant went to California-based Natron Energy and a $5 million grant was awarded to Montana-based Bridger Photonics. The grants were awarded as part of DOE’s Advanced Research Projects
Read More...[Editor’s note: This story was updated from a previous version posted 2:47 p.m. CT Sept. 18.] Royal Dutch Shell Plc halted some oil production and began evacuating workers from a U.S. Gulf of Mexico (GoM) platform, the company said on Sept. 19, as a new tropical storm flared. Beta, the 23rd named storm of the
Read More...Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … [Editor Comment: The CLCPA climate legislation is a reprehensible piece of politically correct legislation of no practicality with big impacts on NYers.] On July 18, 2019, Governor Cuomo signed into law the Climate Leadership and Community Protection Act (CLCPA). It is among the most ambitious climate laws
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Germany Just Can’t seem to Get It Right It seems Vladimir Putin keeps poisoning people but, as Dan Markind points out
Read More...Tom ShepstoneShepstone Management Company, Inc. …. …. An incoherent Joe Biden tried hard to have it both ways on fracking at a Pennsylvania town hall. And, that wasn’t even the worst of it. Joe Biden was against fracking. Then, he was for it. Now, he says he’s for and against it. That much became obvious
Read More...Streetsboro, Ohio-based Step2 Co. LLC has acquired manufacturing, distribution and shipping assets in Decatur, Ga., where it will employ 150-175 people at a new plant there. The site previously housed CI Rotomolding USA Inc., which had announced in October 2019 that it was looking for a joint venture partner or to be acquired. Step2 didn’t
Read More...EQT Corp. submitted a $750 million bid for Chevron’s natural gas assets in the Appalachian Basin and a stake in a natural gas pipeline, according to Reuters. At this time, there is no guarantee the offer will lead a sale to EQT or another company. Both companies declined to comment on EQT’s offer. Chevron has
Read More...Myers Industries Inc. has appointed an interim chief financial officer after separating from its most recent CFO. The Akron, Ohio-based polymer products company announced Sept. 18, it has appointed Dan Hoehn as its interim CFO, effective immediately. The company said the move comes “following the mutual agreement of the company and Kevin Brackman, former executive
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