Trent Justus Kososki, managing director at Stonepeak Infrastructure Partners, is today’s featured Forty Under 40 honoree. Before joining the team at energy infrastructure investment firm Stonepeak, Kososki got his start working at Credit Suisse and Energy Capital Partners. In 2005 after completing his first year at Credit Suisse as an analyst in the sponsors group,
Read More...Waha natural gas marketers, Williston Basin oil producers, Wall Street stock pickers and everyone in between will soon be glad that 2020 is over—and it’s been one for the record books. “Considering the situation, I think we’ve come through 2020 pretty well. Our EBITDA is down about 20%, which isn’t too bad when we thought
Read More...U.S. LNG company Chienere Energy Inc. loaded its first cargo from the third liquefaction train of its Corpus Christi plant in Texas, according to the company’s Twitter account and shiptracking data on Dec. 8. Cheniere, the largest LNG producer in the U.S., said in a tweet that it had loaded the train’s commissioning cargo and
Read More...Gas exploration and production company Energean Plc said on Dec. 7 it was in exclusive talks to buy out its private equity shareholder Kerogen Capital to fully own its Israeli offshore fields. London-listed Energean, which holds a 70% interest in its Israeli unit, which has secured offtake agreements for 7 billion cubic meters a year
Read More...Following another week of increased oil drilling, the U.S. rig count climbs three units to 323 for the week ending Dec. 4, according to Baker Hughes. The rig count was lifted by the addition of five oil-directed rigs for the week, which offset a decline of two natural gas-directed rigs. The U.S. count has risen
Read More...The Flexible Packaging Association said Dec. 7 it has reached an agreement with a product stewardship organization on legislative principles for extended producer responsibility, including for funding mechanisms for collection of materials. The announcement from FPA and the Boston-based Product Stewardship Institute said they have reached agreement on eight elements around EPR legislation for packaging,
Read More...Stone Harbor, N.J. — Lew Ferguson, a blow molding expert who received the Lifetime Achievement Award from the Society of Plastics Engineers’ blow molding division, died Nov. 26 due to complications from myelodysplastic syndrome. He was 78. Lewis Ellis Ferguson III grew up in Millville, N.J., and started out in glass packaging, working two summers
Read More...Joshua Baca doesn’t bring much direct plastics experience to his new job heading the American Chemistry Council’s Plastics Division, one of the industry’s two major Washington trade groups. Instead Baca comes to the role with something ACC leaders said is critical now: A strong background in politics and government policy, including spearheading a $100 million
Read More...Kenneth W. CostelloRegulatory Economist/Independent Consultant … … [Editor’s Note: Ken Costello carefully explains why gas bans in nutty places such as Berkeley make absolutely no economic sense whatsoever.] Political attempts to curtail gas supply and demand have met with limited success. Methane rules, drilling restrictions on public land, and opposition to new pipelines have incrementally
Read More...Although the magnitude and quantity of disruptive events in 2020 continued to expose its vulnerabilities, the rumors of shale’s death have been greatly exaggerated. The effects of price wars and demand destruction are well analyzed and much discussed, but the slow climb back for the hydraulic fracturing industry is well underway. E&Ps are finally getting
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. Certain oil and gas properties and related assets located in the Barnett Shale in North Texas including royalty interest and overriding royalty interest (ORRI)
Read More...OPEC, Russia and allies, a group known as OPEC+, are likely to hold their next meeting to set oil policy on Jan. 4, two sources close to the group said Dec. 7. OPEC+ agreed last week to raise oil output by 500,000 bbl/d in January and to hold monthly meetings starting in January to decide
Read More...Norwegian oil and gas firm Equinor ASA and German utility RWE have joined an initial phase of a Dutch project led by Royal Dutch Shell Plc to produce “green” hydrogen by using offshore wind power. The NorthH2 project, launched in February by Dutch Gasunie, Groningen Seaports and Shell, will use electricity to produce hydrogen from water
Read More...Formosa adds low density polyethylene manufacturing on the Gulf Coast; Braskem Idesa closes production at massive PE site in Mexico when government shuts down natural gas supply; NAPCOR backs bottle return programs to boost PET recycling. This post appeared first on Plastics News.
Read More...A Minnesota company known for its work in helping people with disabilities find steady work is getting some help to expand. Grants from the Blandin Foundation, the Department of Iron Range Resources & Rehabilitation, the Otto Bremer Trust and Enbridge will help Minnesota Diversified Industries Inc. buy a new profile extruder for polypropylene to support growth
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