MARCELLUS/UTICA REGION: W.Va.’s Manchin: Market will settle debate over fossil fuels, climate change, renewable energy; De Blasio moves to ban natural gas hookups: ‘Literally’ our ‘only choice is renewable energy’; NATIONAL: U.S. shale ponders the unexpected: what to do with coming cash windfall?; Joe Biden goes to war with oil, and will lose; Lawsuit argues
Read More...No NPE2021, no virtual show either, what’s a would-be exhibitor to do? No worries: Plastics News is planning special issues starting in April to highlight the business and product news that companies had intended to announce in Orlando, Fla. We’re calling them Plastics Showcase special reports, and we’ll present information on all the major trade
Read More...Baker Hughes and PAO NOVATEK have signed a cooperation agreement on Feb. 1 aimed at reducing carbon emissions from natural gas and LNG production. The two companies will cooperate on the development and implementation of innovative compression and power generation technology solutions from Baker Hughes for NOVATEK’s LNG projects, supporting NOVATEK’s emissions reduction, raising efficiency
Read More...NextDecade Corp. has completed an evaluation of the Galveston Bay LNG site on Jan. 29 and determined that the site in Texas City is not suitable for development of an LNG facility and related infrastructure and utilities. The U.S. Army Corps of Engineers (USACE), Galveston District, has advised that a portion of the Galveston Bay
Read More...The Indian government may give Cairn Energy a surrendered oil field such as the Ratna R-Series in lieu of an arbitration award against the South Asian country, according to a Press Trust of India report in financial daily Mint. In December, Cairn was awarded $1.2 billion plus interests and costs in an international arbitration case
Read More...NEW YORK—Environmentalists and labor unions that threw their support behind U.S. President Joe Biden now find themselves on the opposite sides of a battle over the construction of big pipeline projects between Canada and the United States. The United States is the world’s largest producer of oil and gas. Biden’s administration aims to transition the
Read More...Précis: Petrochemical Supply Chain and Logistics USA 2021 will unite the entire Petrochemical, Chemical, LNG & Refining industry. The event will see 1,500+ senior-level supply chain attendees – from the operator, rail, trucking, ocean carrier and supply chain solution & service provider communities – join to benefit from business-critical learning, innovations, and solutions.
Read More...The Petroleum Equipment & Services Association (PESA) and the Association of Energy Service Companies (AESC) announced Feb. 1 they will combine to create a new organization—the Energy Workforce & Technology Council. Where will the new combined organization focus? What are the advantages for members of both associations? What will be different? Will the merger strengthen
Read More...Shintech is investing $1.3 billion to expand PVC production in Louisiana; Eastman Chemical plans to break ground on a $250 million project in Kingsport, Tenn.; and resin prices see more boosts in January. This post appeared first on Plastics News.
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. 31 Offshore LLC retained EnergyNet Indigo for the sale of nonoperated working interest in a seven well package offshore Louisiana in the Neptune Field
Read More...Oil major BP Plc agreed on Feb. 1 to sell a 20% stake in Oman’s Block 61 to Thailand’s PTT Exploration and Production (PTTEP) for $2.6 billion. The London-listed firm said it would continue as an operator of the block, which contains a large tight-gas development in the Middle East, with a 40% interest. “We
Read More...I think it’s fair to say that there are a lot of questions and concerns about the COVID-19 vaccine rollout, especially around the issue of how long it will be until we (or our loved ones) can get their shot. As reporter Sarah Kominek writes, the issue behind that question is very big. There’s the
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about electric fracking, Biden frack ban, Shell Cracker and much more last week. The Shale Gas News has grown again to the Williamsport
Read More...After a series of setbacks, the companies building the U.S. Mountain Valley natural gas pipeline now plan to seek individual permits to cross each stream remaining in its path, and analysts say that will delay its startup until 2022. The Mountain Valley line, a $5.8 billion-$6 billion project that stretches from West Virginia to Virginia,
Read More...[Editor’s note: A version of this story appears in the February 2021 issue of Oil and Gas Investor magazine.] Much like The Beatles’ Paul McCartney sang in 1970, U.S. oilfield services (OFS) companies have “seen this road before,’” but the climb from the bottom of the 2020 version of the historic oil patch trough feels extra daunting—a
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