Yesterday UGI Energy Services, a subsidiary of Pennsylvania utility company UGI Corporation, held a ribbon-cutting ceremony at its brand new Bethlehem, PA LNG peak shaver facility. Pennsylvania Public Utility Commission (PUC) Chairwoman Gladys Brown Dutrieuille was among the dignitaries on hand to celebrate. What is a “peak shaver” and why is this an important project
Read More...We’ve been tracking the daily price of the NYMEX December futures contract at the South Louisiana Henry Hub on and off for the past few months. Yesterday it closed down again, at $2.86/Mcf (or MMBtu). However, the “spot price” for gas–actual physical gas bought and sold at various trading points along pipelines–has all but crashed
Read More...Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In August, the company reported less-than-rosy results for the second quarter, because of the coronavirus
Read More...Last week Pennsylvania issued a paltry 3 new shale well drilling permits (lowest we’ve seen in months), Ohio issued a single new permit, and West Virginia issued 5 new shale well permits. All 3 PA permits were issued in Greene County. The OH permit was issued in Carroll County (bit of a surprise). And all
Read More...MARCELLUS/UTICA REGION: Canfield woman appointed to Ohio’s Advisory Council on Oil and Gas; Learning from Pennsylvania’s election chaos; OTHER U.S. REGIONS: Eight steps that could upend Texas Gulf Coast natural gas markets; NATIONAL: OFS sector adds jobs, but resurgent pandemic means an uncertain outlook; Good assets are hedge against any adverse US political impacts: Kosmos;
Read More...Americas Styrenics LLC, the largest polystyrene producer in the Americas, and Agilyx Corp., an advanced recycling technology company, say they have successfully developed a closed-loop recycling solution — from waste aggregation to the production of new material — for polystyrene. At Regenyx, the commercial-scale joint venture facility operated by the two companies in Tigard, Ore.,
Read More...John Kemp is a columnist for Reuters. Opinions expressed are his own. LONDON—Coronavirus vaccines are expected to boost international passenger transportation and oil consumption, but the first significant impact will not be felt until well into the second half of 2021, based on futures price movements on Nov. 9. Brent calendar spreads surged that day
Read More...Cooper Standard Holdings Inc.’s reorganization plan has expanded a bit with the identification of a second technical center for closure, rather than just one site previously disclosed. The location of the facility was not released, and the Northville, Mich.-based company has not yet commented on the number of employees impacted nor the cost savings associated
Read More...McDermott International Ltd. has been awarded a contract on Nov. 10 to provide FEED services for the INPEX-operated Ichthys LNG field development. The award is for a booster compression module FEED with optional engineering, procurement and construction (EPC) for the project. The booster compression module will be added to the Ichthys LNG offshore central processing facility,
Read More...BP and Danish renewable energy group Orsted have partnered to develop zero-carbon hydrogen at a German oil refinery, BP’s first full-scale project in a sector that is expected to grow rapidly, the company said on Nov. 10. The project will produce so-called green hydrogen at the Lingen refinery in north-west Germany through the electrolysis of water using wind power from the North Sea. It is in its early stages and initially aims to build
Read More...Norway’s Equinor awarded oil services firms Baker Hughes, Halliburton and Schlumberger $455 million worth of drilling and well service contracts at its Bacalhau project off Brazil, the company said on Nov. 10. “Brazil is a core area for Equinor, and Bacalhau is an important asset in the Brazilian pre-salt Santos area. Together with our partners,
Read More...WeatherTech is returning to the Super Bowl for the eighth consecutive year, bringing back the pro-American theme that has long been central to its creative. The Bolingbrook, Ill.-based car mat maker — which has featured its in-house injection molding and thermoforming while showing off car accessories and pet products — is confident that despite the
Read More...Now that the election is over (mostly), some communities are asking their residents to vote for sustainability by recycling their yard signs. The OneSTL Recycling Working Group is urging people living in the St. Louis metropolitan area to separate the corrugated polypropylene signs from their metal stands and seek out a place they can take
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) [Editor’s Note: Tom Wolf has his nose up in the air again as tells Pennsylvanians RGGI and a 50% increase in electric rates will be good for them!] Pennsylvania Gov. Tom Wolf and his Dept. of Environmental Protection (DEP) continue to push a plan that will raise Pennsylvania residents’
Read More...Aaron Byrd, executive vice president of operations at Tap Rock Resources LLC, is today’s featured Forty Under 40 honoree. Byrd has been a key player in Tap Rock’s development and is proud to foster its continued operational growth. He is currently responsible for managing operations on the company’s nearly 30,000 net acres in the northern
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