Fluor Corp. recently unveiled a new strategy to boost shareholder value by generating a bulk of its revenue from “nontraditional” oil and gas segments. “My top priority since being named Fluor’s CEO has been to work closely with the board and the management team to develop a strategy that addresses the megatrends that are impacting
Read More...A new economic reality: today’s focus Until recently, investors were focused on growing their E&P investments as rapidly as possible. Investment capital was readily available as long as it led to more land under lease, more rigs drilling, and more oil produced. That is no longer the environment in which we operate. E&P operators are
Read More...Pennsylvania’s state agencies and local governments are starting to feel the impact of low natural gas prices and little new drilling as they rely on funding from these activities, according to The Morning Call. Pennsylvania’s conservation and environmental protection departments are already warning of significantly less revenue from natural gas royalties and drilling permits. Simultaneously, low natural
Read More...Delhi — Thermal engineering firm Electrowarm Industrial Solutions (Elinso) introduced proprietary technology that it says reduces manufacturing waste for processors of a wide range of products from consumer goods to infrastructure. Called ElecSys, Elinso says the technology is helping companies mold a greener future by reducing their production waste by 15 percent through better heat
Read More...Derwood, Md. — Medical device assembly firm TechnoMed Inc. is now operating under the name Tecnoideal America. The 5-year-old subsidiary of Mirandola, Italy-based Tecnoideal also has a new logo and the rebranding effort is underway. Tecnoideal America provides machines built in Mirandola, customized automation, and services related to bonding, cutting and leak and pressure testing
Read More...Detroit — Applications are being accepted for the Bill Bregar Memorial Scholarship which was established on behalf of the Bregar family by Crain Communications and the Society of Plastics Engineers Foundation. This fund supports aspiring journalists and business communicators in plastics and manufacturing industries. Bregar, who died in 2020, spent 31 years reporting on the
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 $55.88, which continues the recent trend of the
Read More...Malmö, Sweden — Contract manufacturer Rosti Group will open an innovation lab in Boston to 3D print prototypes as it prepares to offer customers a 72-hour concept-to-reality proposition. Founded in 1944, the injection molding company, which has eight manufacturing plants in Europe and Asia serving the medical, packaging and consumer goods industries, is looking to
Read More...Turin, Italy — Bausano & Figli SpA launched its next generation lines of twin-screw extruders for pipes, granules, wood-plastic composites and medical materials for the U.S. and Canadian markets. The company says the two lines, MD Plus and MD Nextmover, feature a patented Multidrive transmission system, interpenetrating and counter-rotating screw geometry, and analytical tools. The
Read More...On Friday the Federal Energy Regulatory Commission (FERC) granted its approval to Williams to begin construction on the Leidy South Project in central Pennsylvania. The purpose of the Leidy South Project, which is part of the mighty Transco pipeline, is to connect robust supplies of natural gas in the Marcellus and Utica producing regions in
Read More...Who are the top shale drillers in Pennsylvania, as ranked by the number of shale gas wells drilled in total, to date, from the beginning of the shale play when Range Resources drilled the very first Marcellus well in 2004? It won’t surprise you to learn that Range itself is in the top 5. It’s
Read More...In 2016 a group of business and government leaders from Ohio and West Virginia in the Mid-Ohio Valley banded together to form an economic development group called Shale Crescent USA, or SCUSA (see Group Promotes Mid-Ohio Valley for Petrochem: Shale Crescent USA). The aim of the group is to attract manufacturers (particularly petrochemical manufacturers) to
Read More...Last week MDN brought you Part 1 of a series on the coming crisis in lack of pipeline capacity serving the Marcellus/Utica region (see Marcellus/Utica Heading for Another Pipeline Shortage). While the crisis isn’t fully here yet, it is on the way according to the expert analysts at RBN Energy. Today we have Part 2
Read More...On Friday MDN told you that EQT has partnered with a company called Project Canary (used to be Independent Energy Standards Corporation) to use the TrustWell™ Responsible Gas Program to monitor two EQT gas wells to prove to the world (in particular the global warming lunatics) that EQT’s gas is good and green (see EQT
Read More...Forget about the great American road trip. You won’t be able to charge your electric vehicle quickly enough or (in some cases) at all. Prepare to have your views of the countryside ruined by solar panels and windmills on just about every available hill, mountain, and ridgeline. Oh yeah, and get used to being a
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