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Read More...OPEC and Russia have moved closer to a compromise over oil supply policy for 2021 after talks earlier this week failed to yield a decision on how to tackle weak oil demand amid a second coronavirus wave, OPEC+ sources told Reuters. OPEC, Russia and allies, a group known as OPEC+, had previously been expected to
Read More...Mexico City — Braskem Idesa S.A.P.I. says the government agency responsible for forcing it to shut down its giant petrochemical complex in Mexico acted irresponsibly and endangered human life and the environment through its actions. It said it plans to take legal action against the Mexican government after the latter unilaterally suspended feedstock supplies to
Read More...‘Tis the season for mergers and acquisitions. With 2020 creaking its way toward an end (finally), we’re seeing a lot of companies announcing acquisitions. Just this week, we’ve had M&As from Singapore-based medical molder Sunningdale buying Arizona’s Moldworx for its first U.S. production, Graham Partners buying Berry Global Group’s flexible packaging converting business, ProAmpac picking
Read More...DSM Engineering Materials will replace “a significant portion” of fossil feedstocks used to make its high performance polymers with feedstock from recycled waste plastics and/or bio-based hydrocarbons. DSM will make that move through a partnership between its parent firm — Royal DSM of Geleen, Netherlands — and renewable materials firm Neste of Helsinki, officials said
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … [Editor’s Note: Tall Pines Players Club in Friendsville creates a Forest of Lights for the Christmas season with a little help from Cabot ticket purchases.] The Tall Pines Forest of Lights is back by popular demand! After becoming one of the leading holiday attractions in Susquehanna
Read More...Mike Kifer, vice president of acquisitions and reserves for Houston-based EnerVest Ltd., is today’s featured Forty Under 40 honoree. Kifer became attracted to the oil and gas industry while completing his bachelor’s degree in mechanical engineering. The “fundamental benefits to society provided by the safe, reliable and affordable energy resources we produce” appealed to him,
Read More...The world’s top energy companies have slashed the value of their oil and gas assets by around $80 billion in recent months after revising lower the long-term outlook for fuel prices in the wake of the coronavirus epidemic and the energy transition. Exxon Mobil Corp., the largest U.S. oil company, announced on Nov. 30 it
Read More...... … … [Editor’s Note: The U.S. is actually reducing CO2 emissions related to energy as China goes precisely in the opposite direction with increases.] According to the Energy Information Administration (EIA), U.S. energy-related carbon dioxide emissions fell in 2019 by 2.6 percent (150 million metric tons). EIA attributes nearly all (96 percent) of this
Read More...Last week, the U.S. Supreme Court announced it will hear oral arguments on January 19, 2021 in its review of the Fourth Circuit Court of Appeals’ decision remanding Baltimore’s climate change lawsuit against major energy producers to state court. Since the high court initially decided to take up the case in October, the nation’s leading
Read More...Prolific natural gas and oil development continues to drive investments in the Buckeye State. The total investment in shale-related activities in Ohio reached $86.4 billion as of Q4 2019, an increase of $9 billion since 2018, according to Cleveland State University’s latest shale investment report. This is the eighth annual report CSU has conducted for
Read More...Oil and natural gas production has a bright future in Canada, according to the Canadian Energy Regulator’s recent first-ever, IEA-style report on the future of Canada’s energy industry. The report uses scenario-based models to project Canada’s future in terms of consumption and supply for the oil and natural gas industry. Under the two scenarios, which
Read More...Pioneer Natural Resources Co. set targets to reduce its GHG (greenhouse gas) and methane emissions on Dec. 2, becoming the latest oil and gas company to set long-term climate goals. Oil and gas producers, under pressure from investors who want to see the industry operate more cleanly, have announced new emissions targets this year even
Read More...In a deal that expands its medical packaging business, Spectrum Plastics Group has purchased Niles, Ill.-based PeelMaster Medical Packaging Corp. Terms of the deal were not disclosed. PeelMaster is a converter of sterile flexible packaging. Founded in 1989, the company makes pouches, header bags and die cut lids from materials including Tyvek spunbound polyethylene. Alpharetta,
Read More...Ascent Resources has listed for sale two “packages” of its assets in the core of the Utica Shale in Ohio. One package contains a non-operated interest in 68 wells and 1,362 net leasehold acres. The second package includes a royalty interest in 10 wells and 106 net revenue interest acres. Details on where the assets
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