Braskem announced on Sep. 10 the start of its new one-billion-pounds-per-year Texas polypropylene (PP) line that while it will relieve momentary tightness in the North American market, may aggravate longer-term conditions of oversupply and negative demand growth. × “The startup of our new production line comes at a time when the North American polypropylene industry
Read More...Connecticut Attorney General William Tong filed a lawsuit against ExxonMobil on Monday alleging deception over climate change impacts, rehashing the same, unfounded “Exxon Knew” claims that were unsuccessfully pushed in the failed New York Attorney General’s case against the company. The state’s decision isn’t surprising, considering Connecticut was one of the original players in a
Read More...Here are the top news stories covering Canada’s energy landscape: Poll: Quebecers Support Domestic Energy Production When it comes to developing national resources for energy consumption, Quebecers are all-in. According to a new Ipsos poll conducted on behalf of the Montreal Economic Institute (MEI), Quebecers overwhelmingly prefer to import Western Canadian oil as opposed to
Read More...Both Ohio oil and natural gas production dipped during the second quarter, according to a new Utica Shale production report filed by the Ohio Department of Natural Resources, according to Kallanish Energy. Natural gas production dropped 2.1%, while oil production fell by 11.97% from the first quarter of 2020. Natural gas production totaled 569.4 billion
Read More...There is broad, bipartisan support for natural gas heading into the 2020 election with 55 percent of respondents in favor of “increasing the use of” the fuel, according to a new poll from the Brunswick Group. It’s the third poll is as many months underscoring the public’s backing of natural gas as a vital fuel
Read More...Billions of dollars in economic activity are being held back from jumpstarting the economy, according to a telling report from Consumer Energy Alliance released this week. A number of pipeline expansion and energy infrastructure projects spanning from Appalachia to Montana have experienced cancellations, delays, or obstructions—all of which comes at a cost for the communities
Read More...Colorado’s voters rejected a de facto ban on oil and natural gas development via extended setbacks by a wide margin in 2018. Nonetheless, the Colorado Oil & Gas Conservation Commission is now leveraging the SB 181 rulemaking process to propose “a 2,000-foot buffer or setback – four times the current standard for urban areas.” It’s
Read More...Not only is West Texas and Southeast New Mexico home to the world’s highest producing oilfield, but the prolific Permian Basin production is enabling the region to have one of the fastest growing economies in the country, according to a recently released Permian Strategic Partnership (PSP) report. According to the PSP report, Permian oil and
Read More...On Tuesday, Equitrans Midstream Corp. announced it still plans on completing the $5.4-$5.7 billion Mountain Valley natural gas pipeline from West Virginia to Virginia early next year, according to Reuters. The company’s statement comes after a decision by the U.S. Fish and Wildlife Service to issue a new Biological Opinion on Sept. 4, which the
Read More...The U.S. Fish and Wildlife Service (USFWS) has issued a new Endangered Species Act review of the Mountain Valley Pipeline LLC’s 2 million Dth/d, 303-mile Appalachian natural gas pipeline, according to Natural Gas Intelligence. The USFWS notified the Federal Energy Regulatory Commission last week that it had finished drafting a current Biological Opinion (BiOp) and
Read More...The last twinkle of Fourth of July fireworks had barely faded from the television screens of a quarantined America when the country learned that the Atlantic Coast Pipeline (ACP) project, a key element in plans for its growing energy infrastructure, would be canceled. How could this have happened? ACP, a joint project of Dominion Energy
Read More...Oilfield job losses from the COVID-19 pandemic topped 100,000 in the U.S. in August, according to a report released on Sept. 8 by trade group Petroleum Equipment & Services Association (PESA), even though some idled drilling projects have resumed. There was 121,000 oilfield jobs lost in the last 12 months, the report said, with employment
Read More...Oil producers in the top U.S. shale fields are stockpiling drilling permits on federal land ahead of the November U.S. presidential election, concerned that a win by Democratic candidate Joe Biden could lead to a clamp-down on oilfield activity. Federal permitting in the Permian Basin, located in Texas and New Mexico, is up 80% in
Read More...The global energy storage market is projected to grow to $546 billion by the year 2035, according to a new recent report by Florida-based Lux Research. One of the largest markets with an expected 76% compound annual growth rate and an increase in revenues of $8 billion in the next three years is residential storage,
Read More...ExxonMobil has announced its 18th offshore Guyana crude oil discovery at the Redtail-1 well, Kallanish Energy reports. That discovery will add to the 8 billion oil-equivalent barrels projected from the Stabroek Block. “Our Stabroek Block exploration program continues to identify high-quality reservoirs in close proximity to previous discoveries, establishing efficient opportunities for new projects in
Read More...