click for larger version Consulting powerhouse Deloitte has just released a sobering new study called, “The future of work in oil, gas and chemicals” (full copy below). The study says the U.S. oil, natural gas, and chemicals (OG&C) industry slashed 107,000 jobs from March to August 2020, the fastest rate of layoffs in the industry’s
Read More...While the first rule of real estate is “location, location, location, the next question from site selection teams are “What is the status of infrastructure?” including highways, rail, airports, waterways, utilities, etc. But right there with infrastructure availability is workforce availability: Are sufficient workers accessible and, in many cases, are there institutions close by to
Read More...MARCELLUS/UTICA REGION: MSC thanks Senator Toomey for leadership, service to Pennsylvania; NATIONAL: U.S. natural gas production, consumption, and exports set new records in 2019; Caterpillar transforming pressure pumping business with takeover of Weir oil, gas division; Petro-Darwinism: 4 ways the oil industry must rapidly evolve to survive; Tighter markets cause natural gas prices to jump
Read More...Larry Heck has spent 73% of his life in the river terminaling business along the Ohio River, the last eight as operating partner of Pier 48 Stevedoring LLC, at Mile 48.9 on the Ohio, in Wellsville, Ohio. Now, Heck, 66, wants to retire, to take off the many hats he wears at Pier 48. “I
Read More...It would be an understatement to say natural gas has transformed Pennsylvania’s labor community. Through training program, projects, and operations, trade unions have been an integral part of the state’s oil and natural gas industry. This close relationship between labor and the natural gas industry in Pennsylvania was the spotlight of a recent conference session
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Read More...Wilmington, N.C. — Wilmington Machinery has introduced a low-pressure pallet injection molding machine that accepts 100 percent recycled plastic, even in flake form, which enables it to produce low-cost products. The Lumina Pallateer Model PM-1C comes with a press with 350 tons of clamp force capable of molding pallets up to 48 inches by 52
Read More...Steris plc, a provider of infection prevention products and services, on Tuesday morning, Oct. 6, announced it has agreed to buy Key Surgical, a portfolio company of Water Street Healthcare Partners LLC, for $850 million. Steris, which is located in Mentor but now technically based in Dublin, Ireland, for tax purposes, said in a news
Read More...Private equity-backed Chrysaor has agreed a reverse takeover of Premier Oil, the firms said Oct. 6, creating the British North Sea’s largest oil and gas producer at a time the sector is facing a sharp decline in demand. The deal, which will see Premier’s creditors paid $1.23 billion in cash, will fold one of the
Read More...Katalyst Data Management has launched its new Katalyst 360 data analytics platform for the oil and gas industry on Oct. 6. This self-service data analytics environment provides a 360 degree view of how subsurface data assets are being utilized within an organization. Katalyst 360 greatly expands the utility of Katalyst’s data management solutions, giving oil and gas
Read More...Recyclers say Ford Motor Co. left independently owned collision repair shops and even some of its own dealerships “on an island” when it canceled its core charge program for recycling lighting, bumper fascia and select light repair parts. The program was eliminated, Ford said in an emailed statement to Plastics News, “in response to requests
Read More...[Editor’s note: This article originally appeared in the October issue of E&P Plus. It was originally published Oct. 1, 2020. Subscribe to the digital publication here.] Dynamic reservoir data are a key enabler for oil and gas operators to prove reserves and maximize hydrocarbon recovery. However, traditional well testing approaches, where a job is planned, executed and interpreted
Read More...Titan Division of Hunting Energy Services, a subsidiary of Hunting Plc, the international energy services company, introduced its Digital Freepoint Tool on Oct. 6. The tool transmits real-time data processed from movements in the downhole assembly that allows operators to determine where their tubulars are stuck in the borehole, and make rapid and informed decisions
Read More...As factories gear up in October for Manufacturing Day — technically it was Oct. 2 but companies are active the whole month — you’ll hear a lot about the skills gap. The term refers to the troubles companies have finding employees, particularly in technical jobs, and how the youth recruitment at the heart of Manufacturing
Read More...A new brand of organic tea capsules launched by Melitta Single Portions has taken transparency to a new level. The Avoury capsules are made from a certified circular PP from Sabic’s Trucircle portfolio, which is based on feedstock derived from plastic waste, specifically for use in the Avoury One tea machine. The material is also
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