A Reuters article warns that U.S. shale gas investors are “bracing” for write-downs by major drillers, particularly in the Marcellus/Utica region. The article chronicles the write-downs we already know about (EQT, CNX, Shell and Chevron) and speculates that others (like Antero and Cabot) may make announcements in the coming days. And then, in a bit
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FEBRUARY 7, 2020 BY SHELLEY BYRNE A new multi-million dollar Ohio Port Authority grant program is providing funding to ports along the Ohio River and Lake Erie or businesses within ports. The Ohio Maritime Assistance Program began accepting applications from ports January 27 and will continue through March 27. It provides $11 million in funding through
Read More...Tom ShepstoneShepstone Management Company, Inc. . … Carbon emissions have failed to grow, despite significant growth in the global economy. Natural gas, that is fracking, here in the U.S. was a huge help. The International Energy Agency is out with a new report demonstrating it is the growth in our natural gas use, brought about
Read More...Global emissions plateaued to 33 billion tons in 2019, according to a new International Energy Agency report. This positive development—which came on the heels of two years of emission increases—was largely driven by a switch to natural gas in advanced economies. Meanwhile, the report also indicates the vast opportunities that still exist for natural gas
Read More...EID’s Will Allison testified today on behalf of the Independent Petroleum Association of America before the Council on Environmental Quality. The Denver hearing is the first of two such events for CEQ to hear commentary on its proposal to update the National Environmental Policy Act. Below is Mr. Allison’s testimony: Testimony Delivered By William Allison On Behalf
Read More...Rick HidukManaging Editor of EndlessMtnLifestyles.com … … Congressman Fred Keller participated in an exposition, the other day, of how Marcellus Shale development has completely changed the career culture. Congressman Fred Keller (PA 12th District) and other elected officials got a first-hand look on Jan. 31 at the nearly completed CDL training facility at Susquehanna County
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Democrats and trades have been supporters of HB 1100 and the Energize PA initiative to build on Pennsylvania’s shale and they’re not happy with Tom Wolf. Pennsylvania House Bill (HB) 1100, aimed at attracting new petrochemical investment to the state, was previously passed by the PA House, and last
Read More...Judge Thomas Harris of Ashtabula common pleas court ordered Richard Morrow, who owns RWC Properties and Circle M Oilfield Transportation, to pay $200,000 for polluting the environment by illegally burning and mishandling oil field waste, according to Farm and Dairy. In 2017, the Ohio Environmental Protection Agency reported seeing Morrow burning waste in large storage
Read More...Here are the top news stories covering Canada’s energy landscape: Activists’ Unrealistic Demands Despite receiving support from 250 university professors in an open letter, Extinction Rebellion still has unrealistic goals for solving climate change. Among other demands, the open letter asks for Canada to create binding legislation for zero emissions by 2025. This request is
Read More...On the same day that a handful of California municipalities seeking to revive their climate litigation crusade presented oral arguments before the Ninth Circuit Court of Appeals, the non-profit public interest law firm Government Accountability and Oversight (GAO) filed a lawsuit on February 5th against the office of Washington State Attorney General Bob Ferguson for
Read More...New York Governor Andrew M. Cuomo recently announced intentions to incorporate legislation in the Fiscal Year 2021 Executive Budget permanently banning fracking within the state, according to Buffalo Rising. Cuomo backed his stance by stating that the currently-in-place temporary ban has not only been prudent, it has also proven there are cleaner and more sustainable
Read More...More than 200 companies in North America have filed for bankruptcy from 2015 through November 2018, and the list continues to grow, according to OilPrice.com. Combined, the 208 companies that have gone bankrupt accumulated $121.7 billion in debt, according to a new report from law firm Haynes and Boone. Since the last update from Haynes and Boone
Read More...Natural gas has become a preferred fuel for electricity generation due to its abundance, cost and environmental impact, according to Daily Mail WV. More than 25 new gas-fired electric generation facilities have been built in and around the Mid-Atlantic region in the past five years and several more are under construction. However, none have been
Read More...BELMONT COUNTY, Ohio (WTRF) – The possible arrival of an ethane cracker plant has brought many concerns to several organizations across the Ohio Valley. Those issues were addressed on Tuesday by a spokesperson for the petrochemical corporations that may construct the site. A consistent concern is breathable air and drinkable water. https://www.wtrf.com/news/local-news/pttgc-address-issues-concerning-possible-cracker-plant/
Read More...New U.S. Gulf Coast ethylene and polyethylene production continued to tighten chemical margins in the fourth quarter, ExxonMobil said. ChevronPhillips top official sees markets absorbing demand and making room for more. × New olefins and derivatives production likely tightened margins more in the fourth quarter of 2019 while a report indicates the market may be
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