The Pennsylvania Department of Environmental Protection has fined CNX Gas Co. LLC $175,000 for a January 2019 well control incident in Westmoreland County, according to Kallanish Energy. The DEP has executed a consent order and agreement in connection with violations and well construction at the Shaw 1G Utica well, located in Washington Township in Westmoreland
Read More...Industry workers, elected officials, business representatives, and community members were out in full force at a recent Colorado Oil & Gas Conservation Commission public hearing to support responsible oil and natural gas development in the state and underscore the economic and environmental benefits of energy production. The COGCC is undertaking an extensive rulemaking under SB-181,
Read More...The constant decline that began in March for the U.S. oil and gas rig count has finally ended, according to Kallanish Energy. Baker Hughes released the Aug. 21 rig count, showing the U.S. rig count grew by 10 from Aug. 14’s count. The number of working U.S. rigs jumped by 10 from 244 on Aug.
Read More...Ticktock, ticktock. That is the sound of clocks at oil and gas companies still waiting to hear back on the short-term assistance that was announced by the Federal Government in April. Many now face looming restructurings, sell-offs or insolvency in a distressed market. What went wrong? An industry facing the double whammy of Saudi Russian
Read More...New federal data on home energy costs raise red flags on the implications of a movement to force families to switch from natural gas to electric-powered heaters and appliances. The Department of Energy’s recent publication of the 2020 average unit costs of residential energy assessed the price of natural gas at $10.13 per million British
Read More...The newly reorganized Colorado Oil & Gas Conservation Commission is striving to successfully implement new industry regulations and seeking collaboration with stakeholders to provide a renewed sense of certainty for energy production in the state, according to COGCC’s commissioners during the 32nd Annual Energy Summit hosted by the Colorado Oil & Gas Association (COGA), held
Read More...Polyethylene prices saw in July gains for two consecutive months with additional price increases sought for August. Meantime, petrochemical consumption demand recovery related to automotive and durables, as well as for fuel-related products like methanol, lagged. × Four months into the Covid-19 pandemic petrochemical companies in the Americas saw a significant recovery in demand for
Read More...The U.S. presence of specialty chemical company LANXESS AG includes 18 productions sites and five other locations. Its LANXESS Corporation subsidiary has headquarters in Pittsburgh, Pennsylvania. × Germany-based LANXESS AG has EUR $3 billion (about $3.5 billion) it can use to expand in the U.S. once it finds acquisition targets aligned with a strategy focused
Read More...News Briefs × U.S. July vehicle sales to see third on-month rise in July U.S. new vehicle sales will reach nearly 1.2 million units in July 2020, an 18% on-year decline but the third on-month increase since April, said on July 27 ALG, part of auto price information provider True Car Inc. Excluding fleet sales,
Read More...Purging compound supplier Sun Plastech Inc. is changing its name to Asahi Kasei Asaclean Americas on Aug. 1. Parsippany, N.J.-based SPI joined Asahi Kasei Group of Tokyo nearly 25 years ago. It was one of Asahi Kasei’s original American entities. SPI makes and distributes Asaclean-brand purging compounds. In a news release, officials said that the
Read More...RIO DE JANEIRO—Brazilian state-run oil firm Petroleo Brasileiro SA on July 30 posted a loss of 2.7 billion reais ($524 million) in the second quarter, hurt by tumbling oil prices despite record export volumes to China. The result, down from a record quarterly profit of 18.9 billion reais a year ago, came as the company
Read More...NEW YORK—Magellan Midstream Partners LP said on July 30 its refined products pipeline volumes are expected to decline in the second half of this year as fuel demand remains depressed due to the pandemic. Global oil demand plunged by about 30% in April as coronavirus-related lockdowns restricted travel worldwide and sent oil prices crashing. Average base
Read More...US Fracking Set for First Monthly Rise This Year; Permian Leads Recovery The running rate of frac activity in the Permian has shifted from 15 to 20 wells per week in May and June, to 40 to 45 wells per week in the last three weeks. Last week, week 29, activity was particularly strong with
Read More...Canada’s Husky Energy Inc. said on July 30 it had the capacity to ramp up production in the third quarter as about 30,000 barrels of its crude oil remained curtailed per day in Western Canada and the United States. Alberta, the main oil-producing province in Canada, curtailed some 1 million barrels per day (MMbbl/d) this
Read More...U.S. refiner Phillips 66 on July 31 reported a quarterly loss compared to a year-ago profit, as coronavirus-led restrictions on businesses and travel destroyed fuel demand and hurt margins. Fuel demand has plunged as countries around the world limit travel to stem the spread of the coronavirus. This led to a plunge in crude prices, which touched historic
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