Materials giant Ineos has agreed to buy Daimler AG’s auto assembly plant in factory in Hambach, France, where it will build a utility vehicle marking Ineos’ move into becoming an automaker. Ineos plans to begin making its Grenadier 4×4 by the end of 2021 at the plant, which was originally developed to make the plastic
Read More...Tomorrow the Harrison County Commission will consider (and most likely approve) an extension for an option to purchase property at the site of a proposed natural gas-fired power plant in Harrison County. Energy Solutions Consortium (ESC) currently has an option to buy the site of a proposed 550-megawatt natural gas-fired power plant, but the option
Read More...Do political, agenda-driven “researchers” never tire of spinning false narratives around fracking? When Michael Bloomberg pays your salary (as he does for researchers at the Johns Hopkins Bloomberg School of Public Health), apparently not. Back in 2016, Brian Schwartz, a fellow at the Post Carbon Institute (virulent anti-fossil fuel group) was among a group of
Read More...Yesterday MDN brought you a post about the dramatic increase in natural gas-fired electric plants in the Marcellus/Utica, particularly Pennsylvania (see NatGas-Fired Power Plants in M-U See Dramatic Increase 2015-2019). Today we have another post (also from the U.S. Energy Information Administration) about gas-fired electric power. Gas-fracking giant Pennsylvania was the largest net exporter of
Read More...The Independent Oil and Gas Association of West Virginia (IOGAWV) and the West Virginia Oil and Natural Gas Association (WVONGA), West Virginia’s two oil and gas trade associations, announced yesterday their members have voted to merge the two into one new organization called the Gas and Oil Association of WV (GO-WV).This post appeared first on
Read More...While so-called “activist investors” can sometimes accomplish good things (like the Rice boys in their takeover of EQT last year), it is our observation that most “activist investors” are destructive. A new hedge fund calling itself Engine No. 1 is one such destructive company. The hedge fund, based in San Francisco (which explains a lot)
Read More...ANCHORAGE, Alaska—The Trump administration on Dec. 7 proposed allowing companies searching for oil and gas deposits in the Arctic National Wildlife Refuge to disrupt polar bears living there. The so-called “incidental harassment authorization” proposed by the U.S. Fish and Wildlife Service would pave the way for seismic surveys in the refuge’s coastal plain, a key
Read More...Magna International Inc. spread its wings under Don Walker, and the Canadian auto industry as a whole soared as a result. Walker’s colleagues and competitors believe Canada’s supply chain gained respect in an increasingly complex and globalized landscape, thanks in large part to his 15-year run as CEO of Magna International. Walker, 64, who retires
Read More...LONDON—Oil companies such as BP and Shell are nurturing nature as a future revenue stream, betting on an expected rise in carbon credit prices as their fossil fuel profits ebb. BP last year put $5 million into Finite Carbon, a company that connects forestry owners with companies seeking to offset their climate-warming emissions via-tree planting.
Read More...Woodside Petroleum Ltd. said on Dec. 8 it has started looking for a successor for its long-time CEO Peter Coleman who plans to retire in the second half of 2021. The change in guard comes at a tricky time for Australia’s top independent gas producer. Woodside is preparing to make a final investment decision on
Read More...Norwegian lawmakers on Dec. 7 urged the government to use its majority ownership of the country’s oil and gas firm Equinor more actively after huge losses in the United States, blamed on a risky growth strategy and lack of controls. Equinor, previously called Statoil, made a series of acquisitions of onshore and offshore petroleum reserves
Read More...Oil giant Saudi Aramco and energy services company Baker Hughes Co. have formed a 50/50 joint venture, Novel, to develop a broad range of non-metallic products for multiple applications in the energy sector. Novel’s new plant is being constructed at Saudi Arabia’s King Salman Energy Park (SPARK), a 50 sq km energy city aimed at
Read More...Canadian pipeline operator Enbridge Inc. on Dec. 8 forecast higher core earnings in 2021 and raised its annual dividend, saying it expects to see volume on its Liquids Mainline System improve next year. A coronavirus-led plunge in demand for crude and related products had forced companies to shut-in production this year. However, with fuel demand
Read More...We’re all ready to put 2020 behind us, right? But of course merely flipping the calendar over to a new year won’t change anything, so we’re all taking precautions. For the plastics industry, planning for NPE2021 is underway with a wary eye to how conditions will be May 17-21 in Orlando, Fla. (Catherine Kavanaugh will
Read More...Tom ReynoldsCo-Founder of Dryden Safe Energy Coalition … … [Editor’s Note: Supposed European Green New Deal successes are at least partly, and probably mostly, attributable to natural gas, a fact largely buried.] The Albany Times-Union and several other newspapers just ran an article titled “EU greenhouse gas emissions down 24% since 1990.” The article also
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