U.S. crude inventories rise by 2.8 Mmbbl

Ohio River Corridor

U.S. crude inventories rise by 2.8 Mmbbl

U.S. crude oil inventories for the week ended March 22 (excluding the Strategic Petroleum Reserve), increased by 2.8 million barrels (Mmbbl) from the previous week, according to Energy Information Administration data. At 442.3 Mmbbl, U.S. crude oil inventories are roughly 2% below the five-year average for early spring, the report showed. Trade group the American

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ODNR issues Utica permits to Chesapeake, Ascent

The Ohio Department of Natural Resources granted six new drilling permits for horizontal wells in Ohio’s Utica shale during the week ended March 16, according to The Youngstown Business Journal. Chesapeake Exploration LLC received three of the permits, while the other three were issued to Ascent Resources LLC. Both companies plan to drill wells in

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DGO To Transform With Proposed $400 Million Appalachia Acquisition

Diversified Gas & Oil Plc is branching out from its conventional roots with a proposed $400 million acquisition in the Appalachian Basin from privately held HG Energy LLC. The Birmingham, Ala.-based company, known as DGO, set out a couple years ago to build a position in the Appalachian Basin by acquiring conventional legacy wells to

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SB 181 Pushes Through Colorado House Despite Growing Concerns

The ample warnings about the potential consequences of SB 181 have done nothing to slow its push through the Colorado General Assembly. After passing through the House Appropriations Committee this morning, the bill is scheduled to be discussed on the floor this evening and a final vote is expected as soon as tomorrow. Ultimately, SB

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Additive manufacturing company Evolve expanding in New York

March 27, 2019 Updated 3/27/2019 Email Print Plastics News Report Minnetonka, Minn. — Evolve Additive Solutions Inc. is expanding its materials technology center in Brighton, N.Y., in a project that will create up to 60 jobs. The Minnetonka-based company is developing proprietary additive manufacturing technology, and it is backed by big-name brands including Lego A/S

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Saudi Aramco Set To Buy $69 Billion Majority Stake In SABIC

Saudi Aramco has agreed to pay $69.1 billion for a majority stake in petrochemicals group Saudi Basic Industries Corp. (SABIC) in a deal critical to financing Prince Mohammed bin Salman’s grandiose development plans. The transaction—in which the sovereign Public Investment Fund (PIF) is selling its 70% stake in SABIC—provides a much-needed cash boost to Prince

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AGs Dodge Transparency Laws while Seeking the ‘Truth’ on Climate Issues

In recent years, attorneys general in the District of Columbia, New York, Maryland and a handful of other states have sought to burnish their climate credentials by pursuing investigations and litigation against oil companies. In some cases, they have welcomed outside support through a controversial, Michael Bloomberg-funded law program, which was set up to help

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Environmental Licensing Enters New Phase In Brazil For Oil Sector

RIO DE JANEIRO—Brazil’s new environmental minister is working to establish a more agile process for environmental licensing in the country in order to boost oil and other extraction activities. “We need speed, agility, stability and legal certainty,” Brazil’s Minister of the Environment Ricardo Salles said during a March seminar in São Paulo. “That does not mean

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Milliken boosts capacity for PP additive

March 27, 2019 Updated 3/27/2019 Email Print Plastics News Report Milliken & Co. Packaging made using the Millad NX 8000 clarifier form Milliken & Co. Spartanburg, S.C. — Milliken & Co. plans to expand its plant in Blacksburg, S.C., that makes a plastics additive used to clarify polypropylene. The plant, which Spartanburg-based Milliken said will

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Molders looking for the site stuff

March 27, 2019 Updated 3/27/2019 Email Print Michael A. Marcotte From left, Plastics News Vice President/Group Publisher Brennan Lafferty moderates a panel with Christopher Chung, Darin Buelow and Vince Barnett at the Plastics News Executive Forum in Naples, Fla. Naples, Fla. — Success in plastics can be about where you go, as well as who

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Lundin Submits Plan For Solveig Field Offshore Norway

Lundin Petroleum and partners Wintershall Norge AS and OMV Norge AS have submitted plans to develop the $810 million Solveig Field as a subsea tieback to the Lundin-operated Edvard Grieg platform in the North Sea offshore Norway. “With first oil scheduled for early 2021, Solveig will be the first subsea tieback development in the Greater

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Imported Steel for Shell Ethane Pipeline Shows Up at Philly Port

This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. Shell pipes being unloaded – click for larger version All 97 miles of imported steel pipeline that will be used to construct Shell’s Falcon ethane pipeline project was offloaded at a Philadelphia

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Sunoco Settles Out of Court re ME2 Class Action Lawsuit

This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. A lawsuit that began life a year ago, in March 2018, has finally been settled between suburbanite landowners near Philadelphia and Sunoco Logistics Partners over construction activities related to the Mariner East

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PA House Bill to Make DRBC Pay Big Bucks for Drilling Ban Advances

This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. Pennsylvania House Bill (HB) 827, which would make a permanent frack ban by the Delaware River Basin Commission (if adopted) a government “taking” or seizure of a citizens’ property liable for compensation,

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