Gas prices increased this week as Gulf Coast refineries have gone offline due to the recent storm in Texas, according to AAA. The national average price for gas jumped seven cents to $2.58 per gallon. The four-day increase is a result of all major Gulf Coast refineries being affected by the recent storm, according to
Read More...Extreme cold, snow and ice that hit the U.S. and led to catastrophic failures of the Texas electric grid are continuing to impact molders in the region. Even companies that never lost power during the worst of the outages were asked to curtail manufacturing to reserve electricity for residential customers and critical facilities, with shutdowns
Read More...Already tight resin markets will be further tightened by freezing temperatures that have knocked out power across Texas. It may take several days to determine just how much the storms and power outages have hit resin companies in the region. More than 200,000 homes and businesses were without power late Feb. 18 in Texas, according
Read More...The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Empire Petroleum Corp. retained EnergyNet for the sale of certain oil and gas properties and related assets located in North Dakota’s Bottineau County. The
Read More...Canada’s Inter Pipeline Ltd. said on Feb. 18 it has launched a review of options, including a possible ‘corporate transaction,’ just a week after it rejected an unsolicited bid from its largest shareholder Brookfield Infrastructure Partners. Brookfield, which acquires and manages infrastructure assets, had offered CA$16.50 per share for Inter and said it was willing
Read More...U.S. energy firms this week cut the number of oil rigs operating for the first time since November as blistering cold and snow hit most of Texas, New Mexico and other big energy producing areas. The U.S. oil and gas rig count, an early indicator of future output, was unchanged at 397 in the week
Read More...Materials maker Braskem America is putting its best foot forward with an EVA biopolymer for Dansko’s new line of clogs. More than 50 percent of the footware comes from Braskem’s renewable I’m Green-brand carbon-negative EVA bio-based polymer. Officials said that the new Kane clog offers consumers a lightweight clog that’s “perfect for everyday wear.” The
Read More...Mexico City — The Mexican plastics trade show Plastimagen will be held in digital format only from March 22-26 this year, organizer Tarsus México confirmed Feb. 19. In a statement, first published on Feb. 17 by Mexico City magazine Ambiente Plástico, Tarsus said it had taken the decision in view of the COVID-19 pandemic and
Read More...Antero Resources, one of the largest drillers in the Marcellus/Utica (working primarily in West Virginia) issued its 4Q and full-year 2020 update yesterday. During 4Q Antero pumped an amazing 3.65 billion cubic feet per day equivalent (Bcfe/d) of natural gas. Antero is the third-largest producer of natural gas in the U.S. The company drills in
Read More...WASHINGTON—The Biden administration is expected to name as early as Feb. 19 the companies it believes are helping build Russia’s Nord Stream 2 pipeline, five sources said, a move that could eventually prompt sanctions on the nearly completed project. The State Department report to Congress, which may come on Feb. 19, is expected to list
Read More...Last August we told you about the politically-motivated prosecution (by the Chester County, PA District Attorney’s office) of men connected to a security firm providing off-duty constables to protect Mariner East 2 (ME2) pipeline construction sites (see Chester DA Persecution of Off-Duty Constables Guarding ME2 Pipe). Last June a Chester County Magisterial District Judge dismissed
Read More...Pennsylvania’s Independent Regulatory Review Commission (IRRC) has just thrown up a huge roadblock to Democrat/autocrat PA Gov. Tom Wolf’s attempt to railroad through a proposal to force PA to join the Regional Greenhouse Gas Initiative (RGGI), a $2.6 billion carbon tax aimed at killing coal and gas-fired power plants. The IRRC told the rule-adopting Environmental
Read More...WV mountains Equitrans Midstream’s Mountain Valley Pipeline (MVP), which stretches 303 miles from Wetzel County, WV to Pittsylvania County, VA, is backed into a corner by anti-fossil fuelers. The project is 92% complete and in the ground, yet somehow antis have successfully blocked an Army Corps of Engineers Nationwide Permit 12 (NWP12) that allows the
Read More...click for larger version Penn State researchers have and continue to do important research around the benefits AND risks of Marcellus Shale drilling. Recently Penn State researchers published a study in Energy Policy, an Elsevier scientific journal, reviewing the presence of fine particulars (called PM 2.5) in proximity to well pad drilling sites in the
Read More...The Enverus U.S. rig count numbers continued to climb over the past week, even during the extreme cold snap and winter weather that shut down wide swaths of the economy in Texas, Oklahoma, and Louisiana. The rig count grew by four to 461 for the week ending Feb. 17. The Permian, which has added the
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