Britain’s Tullow Oil will commit 90% of its investments in coming years on its producing offshore oil fields in West Africa and put exploration on the back burner to reduce debt. Tullow, which was set up in the 1980s produce oil and gas in Africa, has historically focused on exploring for new discoveries but the oil price collapse this year has forced the entire
Read More...OPEC and allies including Russia are leaning towards delaying next year’s planned increase in oil output to support the market during the second wave of COVID-19 and rising Libyan output, despite a rise in prices, three sources close to OPEC+ said. OPEC+ was due to raise output by 2 million barrels per day (MMbb/d) in
Read More...With very rare exceptions, oilfield contracts address allocations of the financial consequences of risks arising out of the performance of the work. This is usually done in some version of a “knock-for-knock” indemnity scheme where each party agrees to be financially responsible for claims related to its own people and property and to indemnify, defend
Read More...Some in the business community may see divided government in Washington as their best outcome from the election, thinking that it will make it harder for a Joe Biden administration and Democrats to push major changes in environmental or tax policy. But for the plastics industry and its big issue of recycling and waste, I
Read More...Gas flowing to U.S. LNG export plants was on track for a record high on Nov. 25 as Cheniere Energy’s Corpus Christi plant in Texas pulled in enough fuel to supply its three liquefaction trains. Corpus had been receiving small amounts of gas in recent weeks as it prepares to put the third train into commercial service during the first quarter of 2021. On Nov. 25, Corpus was
Read More...Cadillac Products Inc., a film extruder and converter focused on the automotive market, pitched in early during the COVID-19 pandemic to make much-needed personal protective equipment. Eight months later, PPE manufacturing is now a permanent part of the company’s product lineup. The move diversifies the Troy, Mich.-based company’s customer base, while also helping to establish
Read More...Each year Marcellus Drilling News takes Thanksgiving and the day after off to rest and relax with family. We will be sure to keep an eye on the news and if there is anything earth-shattering, we will bring you that news. Otherwise, we’ll see you next Monday. Have a great Thanksgiving! – Jim Willis, Editor
Read More...Yesterday Pennsylvania’s Independent Fiscal Office (IFO) released its latest quarterly Natural Gas Production Report–for July through September 2020 (full copy below). The report shows natgas production in PA rose 2.0% compared to the same period last year, which is the lowest increase on record since the shale revolution began. The number of new wells spud
Read More...In September MDN brought you the news that pipeline company Enbridge is building a solar farm to provide electricity to power (in part) a Texas Eastern Transmission Pipeline Company (TETCO) compressor station in Hunterdon County, New Jersey, which is a first (see Enbridge Using Solar Farm to Power TETCO Compressor Station in NJ). Enbridge has
Read More...Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. Nuverra announced yesterday it has stitched together several different deals in order to raise $32.8
Read More...There are those in the non-thinking, arrogant, ignorant Big Green movement who demand (they always demand) that everyone (except themselves) stop using fossil fuels. Now. Or the earth is dead in 10-20 years. (It’s always 10-20 years, ever notice that?) And then there are those who kind of believe there may be something to man-made
Read More...The American Petroleum Institute (API) has finally grown a backbone. Maybe. Back on Nov. 7, the API welcomed, with open arms, dithering old Joe Biden and Kamala “Commie” Harris–long before the outcome of the race was even determined. Now that the catastrophic (to oil & gas) reality of a Biden administration has started to sink
Read More...MARCELLUS/UTICA REGION: CNX Resources corporation announces pricing of $500 million of senior notes; FirstEnergy cut to junk at all three major ratings firms; Regardless of election, Thai giant PTT’s cracker project in Ohio in flux; West Virginia Sen. Manchin calls for update on Storage Hub report; NATIONAL: The secret weapon that will save oil &
Read More...Central Plastics & Manufacturing LLC is investing $10 million in a new 60,450-square-foot facility to add clean room space and capacity for increased medical and aerospace demand. The facility in Tracy, Calif., is expected to be move-in ready by May 2021 and in full operation by the next month, President Hiren Patel told Plastics News.
Read More...By this time tomorrow, most of us in the U.S. will be on our Thanksgiving holiday break. But of course, this will be a very unusual Thanksgiving, with people told to stay home and limit contact with people outside their own households. Many traditions will continue, but with a twist. New York will still have
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