Oilfield services firm Schlumberger’s New Energy division on Feb. 8 appointed Florence Lambert as the CEO of its Genvia venture, effective March 1. Lambert brings more than 20 years of experience in new energy technologies and was previously CEO of CEA-LITEN in Grenoble, France. In January, Schlumberger New Energy, French government-funded research firm CEA and
Read More...The state of California recently reached a milestone in a decommissioning project of oil and gas wells located off the coast of Ventura County. The California State Lands Commission said in a release on Feb. 4 that it had plugged and abandoned all 74 wells associated with the Rincon Island decommissioning project ahead of schedule,
Read More...[Editor’s note: This report is an excerpt from the Stratas Advisors weekly Short-Term Outlook service analysis, which covers a period of eight quarters and provides monthly forecasts for crude oil, natural gas, NGL, refined products, base petrochemicals and biofuels.] The price of Brent crude oil closed last week at $59.34 after closing the previous week at $55.88.
Read More...Bolingbrook, Ill. — WeatherTech’s Super Bowl commercials featured plenty of stars. Stripes, too. WeatherTech, which makes automotive accessories, home and pet care products, aired three 30-second commercials during Sunday’s CBS broadcast, each with a Made-in-America focus. Two of the commercials aired during the game, while the other aired 15 minutes before kickoff. This marked the
Read More...A new database called the Recycling Supply Tracker is designed to make sourcing recycled materials faster and easier. Developed by business and market research and analysis company ICIS, the database provides information on production capacities, output volumes, feedstock source and site status. As ICIS points out, numerous developments in recent years have caused both the
Read More...Last Friday National Fuel Gas Company (NFG), the parent company for Seneca Resources and Empire Pipeline, issued its latest quarterly update for the quarter ending Dec. 31 (NFG’s first quarter 2021, everyone else’s fourth quarter 2020). Among the pearls of good news for NFG is that the company is adding a rig back in Tioga
Read More...Analysts at S&P Global Platts say that with the current cold snap underway in the northeast, already decreasing natural gas production from the Marcellus/Utica may accelerate with wellhead freeze-offs. Sometimes in colder temps (hey, it was 2 degrees at MDN HQ this morning) water and other liquids in the gas can freeze and block the
Read More...Aubrey McClendon, the co-founder of Chesapeake Energy and the guy most responsible for discovering and commercializing the Ohio Utica Shale, once famously said the Utica “is the best thing to hit the state of Ohio economically since maybe the plow.” And indeed it has been. The Utica is often overshadowed by its larger and more
Read More...In January MDN told you that after five loooong years, a federal judge in Scranton, PA had finally ruled the Wayne Land and Mineral Group (WLMG) v. Delaware River Basin Commission (DRBC) lawsuit will go to trial this year (see Judge Rules Wayne Landowner Lawsuit re DRBC Frack Ban Continues). We’ve since learned the trial
Read More...The West Virginia Office of Oil and Gas (part of the Dept. of Environmental Protection) reports there are some 60,000 active and 15,000 abandoned oil and gas wells in the state. Staffers at Oil and Gas respond to complaints and do the inspection for all those wells. Currently, there are just 14 field staffers with
Read More...On Friday, representatives of a “dark money” political action committee called Generation Now signed a guilty plea admitting their part in the biggest bribery scandal to ever hit Ohio. Generation Now was set up as a social welfare nonprofit but in reality was a shell organization that received “tens of millions of dollars” from FirstEnergy
Read More...MARCELLUS/UTICA REGION: Hindering natural gas development could hurt the economic recovery from COVID-19; Newly formed GO-West Virginia organization prepares for legislative session, Biden administration; NATIONAL: EIA’s liquids pipeline database shows infrastructure changes and project statuses; Amazon orders hundreds of trucks that run on natural gas; Frigid weather blasting into propane country – markets brace for
Read More...LONDON—Oil prices rose on Feb. 8 to their highest in just over a year, with Brent nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures that can boost demand. Brent was up 69 cents, or 1.2%, at $60.03 a barrel by 7:18 CT, and
Read More...Washington — Two of the Biden administration’s biggest policy goals are taking shape, and the U.S. auto industry is right in the middle. With a pair of executive orders signed Jan. 25 and 27, President Biden laid the foundation for his administration’s climate policy and emphasized the value of American jobs and U.S.-made products in
Read More...Nichole Freeman, 33 Corporate Marketing Manager, The Plastek Group After joining Prischak family-owned Lake Erie Speedway in 2004 and working her way up through positions like food and beverage manager and officer manager/executive assistant, Nichole Freeman said she experienced “support and consideration that was provided to not only their business and decisions, but to the
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