Global blow molder Logoplaste SA has a new majority owner: The Ontario Teachers Pension Plan Board. Ontario Teachers acquired the majority stake in Portugal-based Logoplaste from investment firm Carlyle Group, officials said in a Feb. 26 news release. Current Logoplaste shareholders and executives Filipe de Botton and Alexandre Relvas will retain their approximately 40 percent
Read More...A Wolfcamp Shale discovery by Chevron, results from a PDC Energy Wattenberg Field venture in Colorado’s Weld County plus Antero Resources Marcellus completions in West Virginia top this week’s oil and gas drilling activity highlights from around the world. HartEnergy.com Fri, 02/26/2021 – 12:00 PM This post appeared first on Hart Energy.
Read More...With the publication of its 2020 sustainability report, Black Forest-headquartered injection molding machine manufacturer Arburg is, for the first time, offering insight into the all-round sustainability performance of the company over the long term. The report comprehensively details the injection molding machinery manufacturer’s efforts and actions regarding both environmental protection and resources conservation as well
Read More...Florence, KY – Construction is underway on major upgrades to KraussMaffei Corporation’s 30,000-square-foot Innovation Center located at the company’s North American Headquarters in northern Kentucky. Traditionally equipped to run only compounding and limited pipe extrusion trials, a significant capital investment has been made in adding injection molding, sheet, profile and enhanced extrusion capabilities for the
Read More...The Delaware River Basin Commission (DRBC), a quasi-governmental organization composed of four states (NY, PA, DE, NJ) plus the U.S. Army Corps of Engineers, voted yesterday to permanently ban fracking within the boundaries of the DRBC’s jurisdiction, which includes Wayne and Pike counties in Pennsylvania where there is abundant Marcellus Shale deposits. But don’t despair.
Read More...Remember the statement, uttered by then-candidate Joe Biden as he stood in Bucks County, PA (which sits in the Delaware River Basin) when he emphatically promised PA residents and union workers, “I’m not banning fracking in Pennsylvania or anywhere else!”? It took him slightly less than five weeks to break that promise. Yesterday the Biden
Read More...Some good news to share on this Friday. The Federal Energy Regulatory Commission (FERC) has given National Fuel Gas Company (NFG) the green light to begin construction on its FM100 pipeline project. The FM100 Project will beef up and extend an existing pipeline network in northwestern Pennsylvania to flow an extra 330 million cubic feet
Read More...The Pennsylvania Dept. of Environmental Protection (DEP) is sticking its sticky fingers into the pocket of Energy Transfer/Sunoco one more time, and this time drawing out nearly half a million dollars to pay for a series of small spills of nontoxic drilling mud in Snitz Creek in Lebanon County. It isn’t the first time the
Read More...Last fall Mountaineer NGL Storage, a $500 million project in Monroe County, OH to build underground storage for ethane and other NGLs, asked Ohio regulators to cancel a key permit for the project (see Mountaineer Asks Ohio to Cancel NGL Storage Hub Permits). Our understanding was that until PTT Global Chemical makes a final investment
Read More...Yesterday, CNX Resources, Bettis Brothers, and The Bus Stops Here Foundation announced a partnership intended to bring greater awareness and access to opportunities in the natural gas industry to disadvantaged urban and rural communities in the Pittsburgh region. Does the Bettis name ring any bells? It should. Pittsburgh-based IntegrServ, a trucking company partly owned by
Read More...Another week, another rig count to share with you. As we often point out, rig counts go up and down each week, so it’s good not to get too wrapped up in the “up one week down the next” narrative. After the rig count crashed to historic, all-time lows last year (due to the pandemic
Read More...On Monday of this week we reported about natural gas withdrawals from underground storage for the week ending Feb. 12, which were the twelfth largest on record since 2010 and the biggest one-week withdrawal in the past two years (see Biggest Withdrawal from Underground NatGas Storage in 2 Years). Yesterday withdrawal numbers came out for
Read More...OTHER U.S. REGIONS: Texas natural gas production fell by almost half during recent cold snap; Port Canaveral to welcome first liquified natural gas-powered cruise ship in North America; NATIONAL: EIA: US weekly LNG exports increase; New postal delivery vehicle omits natural gas option; Americans can’t afford president Biden’s green obsession; Jennifer Granholm sworn in as
Read More...U.S. Energy Development Corp. continues to grow its footprint in the Permian Basin through recent acquisitions in “attractive projects” close to the Texas and New Mexico state lines. On Feb. 23, U.S. Energy Development said it had acquired interests in the Shetland and WarWink oil development projects in the Permian Basin. The deal follows the
Read More...Trade groups representing U.S. public power and natural gas companies urged President Joe Biden to declare a gas emergency for last week’s extreme weather and authorize the secretary of energy to cap the price of gas. In a Feb. 19 letter to Biden, the American Public Power Association (APPA) and the American Public Gas Association
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