Industry News

Kickstart: Katherine Johnson, Perseverance, plastics and space

With all the crazy news that’s been happening here on Earth, I hope you had a chance to celebrate along with the mission control crew on Feb. 18 when the rover Perseverance landed on Mars. (You can see it here, if you missed it.) While every space project relies on plastics, especially lightweight composites, the

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Green Jobs Are A Myth: A Myth Intended to Distract Attention

Duggan FlanakinDirector of Policy Research, Committee For A Constructive Tomorrow … … [Editor’s Note: Duggan Flanakin has uncovered the clever myths and phony math of the “green jobs” con artistry. He completely lays it out here.] “Fool me once,” Stephen King wrote, “shame on you. Fool me twice, shame on me. Fool me three times,

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US Shale Rebound to Remain Subdued Even as Oil Prices Rise

OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies. OPEC this month cut its 2021 forecast for U.S. tight crude, another term for shale, and expects production to decline by 140,000

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Shale Gas News – February 20, 2021

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 the DRBC Frack Ban, RGGI, a Seneca Rig and much more last week. The Shale Gas News has grown again to the

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Ingevity to make Capa polyols in Louisiana

North Charleston, S.C. – Ingevity is preparing to manufacture caprolactone polyols at its facility in DeRidder, La. It will increase its global production capacity for the polyols, sold under the brand name Capa, by 40 percent. The company expects construction to begin this summer, with operations slated to start by the first quarter of 2022. The

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Oil and Gas Investor Executive Q&A: Earthstone on the Rise

[Editor’s note: A version of this story appears in the February 2021 issue of Oil and Gas Investor magazine.] After his first year of college in the early 1980s studying pre-law, Robert J. Anderson decided he didn’t like that life path, so he unenrolled. He jumped from small job to small job in his hometown Denver, eventually

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EQT shifts focus to drill in West Virginia in 2020

EQT Corp is planning to drill and complete more wells in West Virginia where about 40% of its leasehold is located, according to Natural Gas Intelligence. EQT will also focus on lowering well costs by drilling longer laterals in West Virginia. Horizontals are planned to average 15,100 feet in West Virginia. The company estimates the

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Origin Materials gets SPAC merger deal

Carbon negative materials company Origin Materials is going public with Artius Acquisition Inc., a publicly-traded special purpose acquisition company (SPAC), in a deal that values the combined company at approximately $1.8 billion. Under this deal, Origin will get up to $925 million in gross proceeds, comprised of Artius’ $725 million of cash held in trust,

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Gas Industry Has A Great Story to Retell and It Must Be Retold Often!

Tom ShepstoneShepstone Management Company, Inc. . … The natural gas industry has accomplished so very much, delivering economic and environmental benefits everywhere, but it must be retold. We talk a lot about how to keep the gas industry moving forward in a COVID economy, including the importance of legislation aimed at attracting new businesses to

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Natural Gas Now Best Picks of the Week – February 20, 2021

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. Some Folks Just Aren’t Trustworthy Joe Manchin, the Democrat Senator from West Virginia who wants the trades to suppose he is

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Rep. Haaland’s Interior Secretary Confirmation Hearing: 6 Key Questions

The upcoming confirmation hearing for Rep. Deb Haaland (D-N.M.) to serve as Interior Secretary will put the spotlight on the Biden Administration’s bans on oil and natural gas leasing and permitting on federal lands. While the policy was sold as a temporary measure to allow for a review of the process, it’s become clearer the

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It’s Official: US Back in the Paris Climate Club

The U.S. officially rejoined the Paris climate agreement on Feb. 19, reinvigorating the global fight against climate change as the Biden administration plans drastic emissions cuts over the next three decades. Scientists and foreign diplomats have welcomed the U.S. return to the treaty, which became official 30 days after President Joe Biden ordered the move

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Mexico Begins Receiving LNG as Gas Supply via Pipeline Rises

Mexico on Feb. 19 began discharging LNG bought under emergency conditions as supplies through pipelines from the U.S. rose, easing scarcity that led to power cuts and factory closures at its Northern states. The tanker Flex Courageous carrying about 162,850 cu. m of U.S. LNG was unloading at the Manzanillo terminal on the Pacific Coast,

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Texas Oil Refiners Will Take Weeks to Recover From Winter Storm

Texas oil refineries shut by cold-weather disruptions may take several weeks to resume normal operations, industry experts said on Feb. 19, helping to push up fuel prices. About a fifth of oil processing was halted by power outages, shortages of natural gas and water this week. RELATED: Texas Governor Bans Natgas Exports Amid Freeze; Oil

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Concours buys AIS as it becomes leading North American toolmaker

Windsor, Ontario-based Concours Technologies Inc. has acquired Active Industrial Solutions Inc. (AIS), which is also based in Windsor and has a related mold repair and maintenance facility in Tennessee. Founded in 1994, Concours is a wholly owned subsidiary of Southfield, Mich.-based SyBridge Technologies, which was established in 2019 with $200 million from the private equity

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