Norway’s Lederne labor union will expand its ongoing oil strike from Oct. 10 unless a wage bargain can be reached in the meantime, it said Oct. 6, confirming a statement from the country’s state-appointed wage mediator. Six offshore oil and gas fields shut down Oct. 5 as Lederne ramped up its strike, cutting output capacity
Read More...The following information is provided by TenOaks Energy Advisors LLC. All inquiries on the following listings should be directed to TenOaks. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Future Acquisition North Dakota LLC and Future Gathering North Dakota LLC retained TenOaks Energy Advisors LLC as the exclusive adviser in
Read More...U.S. crude oil production is expected to fall by 800,000 bbl/d this year to 11.45 million bbl/d, the U.S. Energy Information Administration (EIA) said on Oct. 6, a smaller decline than its previous monthly forecast for a drop of 870,000 bbl/d. The agency estimated that production rose to 11.2 million bbl/d in September and said
Read More...Weatherford International Plc has launched ForeSite Sense, the world’s most comprehensive reservoir monitoring solution that shows, in real-time, the critical downhole data that determines profit: pressure, temperature and flow, the company said on Oct. 5. “Data tells the story of reservoir behavior, and reservoir behavior determines production efficiency and cost of asset ownership,” Brent Baumann,
Read More...InEight Inc., a global leader in capital project management software, on Oct. 6 unveiled the all-new InEight Document featuring a host of new capabilities as well as a ground-up user experience (UX) redesign powered by a simplified user interface (UI). The new InEight Document UI makes collaboration easier for virtual teams while reducing the learning
Read More...A new $51 million innovation center and regional headquarters will be built by ANN ARBOR, Mich. —Wacker Chemical Corp. in Michigan. To fund this project, the Michigan Business Development Program has given a $1 million grant, through the Michigan Stategic Fund. Silicones have accounted for about half of the company’s global sales. This article can
Read More...Where there’s a will there’s a way, as the saying goes, even in the oil patch during times of thinned budgets, limited access to capital and growing decline rates. The way to lower costs and shared risk may be through U.S. Energy Development Corp. for some oil and gas companies. This post appeared first on
Read More...This artice can be read about at Plastics News.
Read More...NEW YORK—Several publicly traded energy companies took millions of dollars in U.S. taxpayer-funded loans to support their businesses even as those firms had access to other ways to generate cash, according to a Reuters analysis of U.S. Securities and Exchange Commission and other government data. U.S. lawmakers authorized the Paycheck Protection Program (PPP) in the
Read More...A few months ago CNX Resources bought out and merged in the remaining amount of CNX Midstream the company didn’t already own (see CNX Resources Buying/Merging in Rest of CNX Midstream for $357M). CNX isn’t waiting until the next quarterly investor conference call to tout the synergies of that move.This post appeared first on Marcellus
Read More...A group of anti-fossil nutters who devoted themselves to blocking Marcellus/Utica drilling around the Ambridge Reservoir have turned their attention to the Shell ethane cracker plant in Beaver County. They wanted to stop the cracker from getting built, but given the plant is now 70% built and it’s a 100% guarantee it will get done
Read More...NAI Ohio River Corridor is pleased to welcome Abbey Zaluski as our Marketing Coordinator. Abbey graduated from Kent State University with a bachelor’s degree in Business Administration with a concentration in Marketing. Abbey had worked as an intern with Ohio River Corridor prior to her full-time employment. Abbey will be responsible for marketing services for
Read More...Almost two weeks ago Equitrans Midstream sent a letter to the Federal Energy Regulatory Commission (FERC) requesting they be allowed to restart construction on the Mountain Valley Pipeline, construction which has been suspended since October 2019 (see Equitrans Asks FERC to Allow MVP Construction Restart This Week). So far FERC has not granted the request.
Read More...This one was easy to predict. Back in August we told you that the Mountain Valley Pipeline (MVP) project was attempting to buy some love from the radical anti-fossil left by donating $19.5 million to the Appalachian Trail Conservancy to “conserve land along the Trail corridor and support outdoor recreation-based economies in Virginia and West
Read More...It’s like the coming and going of the four seasons (or two seasons if you live in Binghamton, NY, summer for two months, winter the rest of the time). On a regular schedule, anti-fossil fuel organizations fund “studies” that supposedly show links between fracking and harmful effects to humans who live near fracking. The latest
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