Italy’s top energy companies Enel SpA and Eni SpA have agreed to work together on plans to supply green hydrogen to two refineries in Italy. The two pilot projects will involve building close to the Eni refineries 10-megawatt electrolyzers powered by renewable energy that will start producing hydrogen by 2022-2023. “We are interested in exploring
Read More...Here in my home of Ann Arbor, Mich., community leaders have been working to relaunch a city-owned materials recycling facility. As a college town, Ann Arbor has always been pretty strong in recycling, but there were problems with a MRF run by a private company, prompting the city to take over its own facility again.
Read More...FourPoint Energy LLC and its Western Anadarko Basin assets have been renamed Unbridled Resources LLC and merged with a subsidiary of Maverick Natural Resources, according to announcements from both companies. Over the course of several months, FourPoint has been in negotiations with its key stakeholders to reduce its debt and restructure its balance sheet.
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Michael Shellenberger is the author of Apocalypse Never, a wonderful takedown of green eggs and scam schemes and schemers. Michael Shellenberger is a thinking environmentalist, an all too uncommon sort of individual in the environmental movement these days. Unlike me, he is a political progressive, with an office
Read More...A group of prominent conservation organizations plans a campaign to urge President-elect Joe Biden to use executive orders to target plastics environmental concerns, saying they see significant room for tougher use of existing laws. The coalition, which includes the Center for Biological Diversity, Greenpeace, Surfrider Foundation and 16 other founding partners, plans to issue what
Read More...Ryan Keys, president and co-founder of Houston-based Triple Crown Resources LLC, is today’s featured Forty Under 40 honoree. Keys started his career at Schlumberger Ltd. as a mechanical engineer, and though he enjoyed the work, he wanted more adventure, a desire that led him to petroleum engineering. After earning a master’s degree in that field,
Read More...What is fracking? Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock. Is it safe? What most concerns people about fracturing is
Read More...Gregory WrightstoneGeologist and author of “Inconvenient Facts” .. … [Editor’s Note: Pennsylvania Governor Tom Wolf is pushing a new carbon tax called RGGI onto homeowners and businesses by using fear and misinformation.] Pennsylvania’s Democrat governor, Tom Wolf, sows fear with misinformation about climate change to advance plans to add the Commonwealth to the Regional Greenhouse Gas
Read More...Longtime plastics investor Graham Partners is buying the flexible packaging converting business of Berry Global Group for an undisclosed price. The deal includes six printing and laminating flexible packaging facilities that had been part of Berry’s North American extrusion, converting and coating business. Graham of Newtown Square, Pa., will combine the Berry business with Advanced
Read More...Sunningdale Tech Ltd., a precision injection molder and toolmaker based in Singapore, now has a U.S. manufacturing base. Publicly traded Sunningdale bought Chandler, Ariz.-based Moldworx LLC on Nov. 6 for $4 million. “This marks Sunningdale’s first expansion into the U.S.,” Jim Taylor, founder and owner of Moldworx, said. Sunningdale has 18 manufacturing plants in Asia,
Read More...The U.S. PET bottle recycling rate dropped slightly in 2019, to 27.9 percent, continuing what’s been a decade of the rate hovering near 30 percent and essentially stagnating. But the head of the PET sector’s main trade group points to signs of change that could bode well, like increasing support for bottle bills, more focus
Read More...Yesterday ExxonMobil released the outlines of its development plan for the next five years. We previously alerted you that Exxon was looking to write down (impair) up to $30 billion of its assets, including (potentially) its assets in the Marcellus/Utica (see ExxonMobil Deciding Fate of XTO Asset Value in 4Q). Indeed it has happened, albeit
Read More...If there’s a bad cold snap in New England this winter forcing residents to use more natural gas (leaving less natgas for power plants), blackouts may occur. That’s the prediction from the North American Electric Reliability Corporation (NERC) in their just published 2020-2021 Winter Reliability Assessment (full copy below). If blackouts do occur, the residents
Read More...Diversified Gas & Oil (DGO) is a fascinating company (see our DGO stories here). DGO’s strategy is to buy wells in “the long tail.” That is, wells already drilled with production far along the decline curve, but wells that will continue to produce small amounts for years to come. In October, DGO CEO Rusty Hutson,
Read More...click for larger version FirstEnergy continues to get battered over its alleged role in a $60 million bribery scandal in Ohio. The latest blow comes from the country’s three main ratings agencies, Fitch, Moody’s and S&P, which have all downgraded FirstEnergy’s credit rating to ‘junk’ status. This post appeared first on Marcellus Drilling News.
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