French supermajor Total has given up operatorship of five oil and gas exploration blocks offshore Brazil, Kallanish Energy reports. The company said, in a statement on Monday, it had notified its partners Petrobras and BP on August 19 of its resignation in the environmental-sensitive Foz do Amazonas Basin. In 2018, the Brazilian environment regulator Ibama
Read More...Liquefied natural gas (LNG) exports from Australia’s Gladstone port remained consistent during August, with China again accounting for the highest levels of exports, Kallanish Energy reports. According to shipping data from Gladstone Port Corporation, the port exported a total of 1.66 million tonnes (Mt) of LNG spread over 25 shipments last month. In July, the port exported
Read More...A new report examining various scenarios of hydrogen adoption in North-West Europe has found that demand could exceed 700 terrawatts (TWh) by 2050, Kallanish Energy reports. The hydrogen in the Northwest European energy system report, published by Aurora Energy Research, assesses the role of hydrogen in the energy systems of Germany, Belgium, and the Netherlands,
Read More...The newly formed outlet Colorado Newsline, that’s funded and supported by political donors and part of a larger national network of other partisan “news” websites, published a story over the weekend accusing the oil and natural gas industry of presenting flawed research to the Colorado Oil and Gas Conservation Commission as it considers additional regulations
Read More...Roger CaiazzaIndependent Researcher and Publisher,Pragmatic Environmentalist of New York … [Editor Comment: Andrew Cuomo’s Climate Action Council is yet another cruel joke on New York ratepayers; more about political optics than energy needs.] On July 18, 2019, Governor Cuomo signed into law the Climate Leadership and Community Protection Act (“Climate Act”). It is among the most ambitious
Read More...ConocoPhillips Co. on Sept. 8 said that Eric Mullins, cofounder of Lime Rock Resources LP, had been elected by its board of directors to serve as a board member of the Houston-based independent E&P company. Mullins has spent his career in finance, most recently founding Lime Rock Resources alongside partner Charlie Adcock in 2005, a private
Read More...For the first time in more than 30 years, food wrappers, many made of plastics, have replaced cigarette butts as the most littered item on the world’s beaches and waterways, according to an environmental group that coordinates a prominent cleanup. The Washington-based group Ocean Conservancy announced Sept. 8 that its global beach cleanup efforts found
Read More...Baker Hughes Co. is pivoting to customers preparing for the transition to a low-carbon future, bolstering its footprint beyond oil and gas oilfield services, its CEO said Sept. 8. The company will continue to downsize its oilfield services and equipment portfolio, CEO Lorenzo Simonelli said at the Barclays CEO Energy-Power conference, putting more emphasis on
Read More...For this week’s CEO Issue, I pulled some data from the public filings of companies in our rankings to get an idea of salary and total compensation for these top positions. Some of you long time readers may remember our last ranking of the Highest-Paid Plastics Industry Executives back in 2015. Donald Walker, CEO of
Read More...A new report by the Rocky Mountain Institute (RMI) suggests that Illinois can use clean electricity in households while cutting emissions by replacing gas-fired heat pumps with electric ones. Yet, the RMI report takes several “artistic licenses” in its methodology, which results in a flawed and misleading analysis that, unsurprisingly, oversells electric heat pumps as
Read More...Stuttgart, Germany — Stuttgart-based Coperion GmbH has completed a complex update of a ZSK 250 high-capacity extruder using only remote processes and support. The company says its Coperion ServiceBox, an online monitoring system for extruders and compounders, has evolved over the years to perform more complex mechanical tasks remotely in addition to software updates. Coperion
Read More...Streetsboro, Ohio-based Step2 Co. LLC is ready to return to rotational molding in Georgia by acquiring manufacturing, distribution and shipping assets in Decatur, where it will employ 150-175 people at a new plant there. Step2 also plans to hire another 100 employees for its two Ohio plants, in Streetsboro and Perrysville, to meet high demand
Read More...York, Pa. — At Engel Machinery Inc., a major supplier of injection molding machinery, a two-year leadership transition is now underway. Paul Caprio officially started as president at York-based Engel on Jan. 2. For the next two years, he’s working with as a team with Mark Sankovitch, who has been CEO for more than 10
Read More...Washington County, OH Officials with the Ohio Dept. of Natural Resources (ODNR) are investigating a claim that shale wastewater pumped into an injection well in Washington County, OH is migrating and coming out of producing conventional natural gas wells some five miles away. This post appeared first on Marcellus Drilling News.
Read More...Assets co-owned by Rex and Sumitomo in 2010 (click for larger version) In 2010 gigantic Japanese trading house Sumitomo Corp. bought a 30% stake (joint venture) in Rex Energy’s Marcellus drilling operation in Bulter County, PA for $150.7 million. Sumitomo wrote down much of the value for that purchase in 2015. In 2018 Rex went
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