President Donal Trump spoke at the Shale Insight Conference in Pittsburgh on Wednesday, applauding his administration’s support for domestic energy production, according to The Beaver County Times. During his speech, Trump credited himself for the thriving fossil fuels industry and historically low unemployment in the region. He said his administration has restored energy dominance in
Read More...U.S. Department of Agriculture (USDA) Deputy Under Secretary Donald “DJ” LaVoy and U.S. Department of Energy Under Secretary of Energy Mark W. Menezes today announced a Memorandum of Understanding (MOU) between the two departments to promote rural energy and the development of technologies that will support and advance rural and agricultural communities and domestic manufacturing.
Read More...Residential, commercial, industrial and electric power generating sectors in Ohio, Pennsylvania and West Virginia have realized a combined savings of over $92.9 billion from 2008 to 2018, due to increased natural gas production in the region, according to a report called Natural Gas Savings to End-Users: 2008-2018, A Technical Briefing Paper. According to the report,
Read More...Natural gas end-users, which include American households, businesses, manufacturers, and power generators, have realized $1.1 trillion in savings since 2008 as a result of increased natural gas production in the Shale Crescent USA region (Ohio, Pennsylvania and West Virginia), according to a new economic analysis released today. The report, Natural Gas Savings to End-Users: 2008-2018,
Read More...Hart Energy’s new “Impactful Veterans in Energy” program recognizes contributions to the energy business and the veteran community by heroes working among us. These patriotic men and women play roles from the field to the boardroom, and they provide fresh enthusiasm for our industry today. This new program recognizes their diverse talents by spotlighting
Read More...Balking from its previous estimate of a mid-2020 full in-service date, EQM Midstream Partners LP recently pushed completion of its Mountain Valley Pipeline back again, according to Reuters. The company doesn’t anticipate having the natural gas line that will run from West Virginia to Virginia finished until late 2020. The project’s estimated price jumps from
Read More...One of Houlihan Lokey’s most senior energy investment bankers is departing the boutique advisory firm to join an oil and gas producer, sources familiar with the matter said on Tuesday. Kirk Tholen, who ran Houlihan Lokey’s Acquisitions and Divestitures (A&D) business, is taking a job at an Oklahoma-based energy company, two people familiar with the
Read More...OTTAWA—Canadian Prime Minister Justin Trudeau on Oct. 22 faced the cold reality of a minority government that will likely be forced to tilt left to survive, a move that risks upsetting the business community and stoking alienation in oil-producing provinces. Trudeau, one of the world’s most prominent progressive leaders, saw a sharp drop in support
Read More...Tom ShepstoneShepstone Management Company, Inc. …. …. A Colorado health agency, under the thumb of a fractivist governor, is using air quality modeling, with no connection to reality, to trash oil and gas. What do you call a “study” that includes this? Two aspects of the modeling need to be understood, and they are 1.
Read More...Australia-listed Oil Search Ltd. on Oct. 22 posted a 24% drop in quarterly revenue and cut its 2019 production guidance after damage to a mooring system dented output. The company also reduced 2019 capital spending by about 15%, due to delays in securing agreements with the Papua New Guinea government so preliminary engineering work can
Read More...Aker BP ASA cut its full-year oil output target on Oct. 22 as production problems at the oil explorer’s Valhall Field in the North Sea offset a boost from the early opening of its Johan Sverdrup Field in Norway. The company, jointly controlled by oil major BP Plc and Norwegian holding company Aker ASA, now
Read More...Materials firm Teknor Apex Co. is on track to open a new compounding plant in Germany early next year. The new plant in Rothenburg will cover 160,000 square feet and employ almost 100 in manufacturing positions. When it opens, Pawtucket, R.I.-based Teknor Apex will close its plant in nearby Steinsfeld. That plant housed the business
Read More...Saudi Basic Industries Corp. brought its position as a major player in global markets for both commodity and engineering resins to K 2019. Sabic’s recent plans include the building of a major petrochemicals site in Texas through a joint venture with ExxonMobil Corp. Plastics News recently caught up via email with Abdulrahman Al-Fageeh, executive vice
Read More...Düsseldorf, Germany — The new seven-layer blown film line displayed at K 2019 by extrusion machinery manufacturer Bandera has been designed to offer customers the highest possible degree of flexibility, said Andrea Rigliano, general sales and marketing director at the company. Called the Barrier Flex Seven, it can run both barrier and high-barrier blown film,
Read More...Düsseldorf, Germany — Despite its numerous benefits, multilayer packaging is increasingly coming under scrutiny due to its inability to be efficiently recycled. As the circular economy gains momentum, solutions are being sought that are able to provide the barrier properties provided by multiple layers with the green properties needed in a sustainable world. But it’s
Read More...