Oil prices rose on Nov. 9, with Brent topping $40/bbl, after Joe Biden clinched the U.S. presidency and buoyed risk appetite, offsetting worries about the impact on demand from the worsening coronavirus pandemic. Brent crude had climbed 91 cents, or 2.3%, to $40.36/bbl by 3:46 a.m. CT (9:46 GMT), while WTI crude was at $38.04,
Read More...Evolution Petroleum Corp. recently named Ryan Stash as successor to the company’s CFO and long-serving executive, David Joe, who has elected to retire by year-end, according to a Nov. 4 company release. Joe joined the predecessor of Evolution as controller in February 2005 and was named CFO in January 2016. Evolution is a Houston-based oil
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 oil prices, the Paris Agreement, EQT and much more last week. The Shale Gas News has grown again to the Williamsport area
Read More...Energy Transfer LP plans to finish work on its Mariner East 2X natural gas liquids pipeline in Pennsylvania by the end of the year, according to Reuters. The 16-inch Mariner East 2X will add another 250,000 bpd to the Mariner East pipeline system, which transports liquids from the Marcellus and Utica shale fields in western
Read More...For most polypropylene convertors, their procurement strategy is divided between two primary verticals: contract floating price and spot volume. The percentage breakdown of each varies by customer and market type but both are susceptible to significant price swings in the market. BlueClover suggests a more diversified portfolio by introducing a third vertical for “fixed price”.
Read More...With media outlets across the political spectrum declaring Joe Biden the winner of the presidential race Nov. 7, the political impact for the plastics industry got a little clearer. But the lack of certainty over who would control the Senate remained a big, and important, unknown. For plastics industry lobbyists, divided government may be something
Read More...... … … [Editor’s Note: Tom Wolf arrogantly demands Pennsylvania join RGGI to pay 50% higher electric bills like the rest of the Northeast states in the suicide pact.] Pennsylvania Governor Tom Wolf vetoed the state legislature’s bill that would prohibit new taxes without legislative approval and ordered his staff to continue with the implementation
Read More...Former Vice President Joe Biden’s victory is not a death knell for the U.S. oil and gas industry, but it does mean that federal policies to fight climate change will move to front and center. Much of Biden’s agenda will derive from his determination to rally the world to reduce greenhouse gas emissions. Based on
Read More...Natalie DeCarioExternal Affairs Coordinator, Cabot Oil & Gas … … [Editor Comment: Cabot Oil & Gas has plans to donate some $200,000 to charitable causes this winter, monies being set aside to help others basic needs.] This winter season, we’ve committed to donating more than $200,000 in order to help battle food insecurity across northeast Pennsylvania. In coordination with the Neighborhood
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. We’re Finally Done with the Paris Accord,Which Accomplished Nothing Compared to Natural Gas Good riddance. We’ve already done better by ourselves.
Read More...Energy Group Equinor Aims for Net Zero Emissions by 2050 Norwegian energy company Equinor aims to become a net zero emitter of greenhouse gases by 2050, including emissions from the production and final consumption of oil and gas, its new CEO said as he took office on Nov. 2. This post appeared first on Hart Energy.
Read More...U.S. oilfield services and equipment companies added 6,430 jobs in October, marking the second straight month of employment gains as drilling activity picked up, according to an analysis released on Nov. 6 by the Petroleum Equipment & Services Association (PESA). The sector has added about 8,600 jobs in the past two months, according to the
Read More...The American Petroleum Institute (API) recently updated two standards that are integral to the operation, selection, and installation of pressure-relieving devices (PRDs) used throughout the natural gas and oil industry. The contribution of these devices to safety, environmental protection, and operational integrity cannot be understated. In many ways, PRDs are the most important pieces of
Read More...Everyone loves a good game of Space Invaders. It’s basic and familiar, and graphics aside, it’s entertaining. These are all reasons why people still play it. Of course, modern gaming brings a whole new spectrum of in depth and complex games that will intrigue the mind. We’re fascinated by shiny new features that keep us from
Read More...Canada’s largest pipeline operator Enbridge Inc. on Nov. 6 set emissions reduction targets, hoping to be a net zero emitter of greenhouse gases by 2050, as the industry faces intense pressure from investors to limit carbon discharge. Reported greenhouse gas emissions from Canada’s oil patch have more than doubled in the first half of the
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