For the first time, a plastic resin manufacturer has become the recipient of a “Blue Loan,” a program from the International Finance Corp.that supports sustainability efforts focused on the world’s oceans. Indorama Ventures Global Services Ltd., a subsidiary of Thailand-based PET resin manufacturer Indorama Ventures Ltd. (IVL) has been granted a $300 million financing package, arranged for
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) [Editor’s Note: Great news! New technology in the form of software promises to help identify sources of methane leaks and continue their reduction.] Researchers with the Dept. of Energy’s (DOE) Los Alamos National Laboratory (LANL) in New Mexico continue to make big oil and gas industry breakthroughs. Two weeks
Read More...Brazilian state-controlled oil company Petrobras said asset manager Starboard Asset Ltd. has bid $90 million for its Papa-Terra oil field in the Campos Basin, a securities filing on Nov. 24 showed. Petrobras added Starboard’s offer was the highest, but that it was not yet possible to say if both companies would reach a final agreement.
Read More...Silixa has launched Carina CarbonSecure, its distributed acoustic sensing (DAS) based solution for continuous or on-demand monitoring of all stages of carbon capture and storage (CCS) operations, the company said on Nov. 24. The new solution offers offshore and on-land operators the necessary monitoring measures with a reduced cost and environmental impact of their CCS facilities. The
Read More...WesTech Engineering Inc., an employee-owned company, and JS&S (Water Holdings) Inc., a subsidiary of John Swire & Sons Ltd., have signed a membership interest purchase agreement (MIPA) for the sale of WesTech to Swire. Terms of the MIPA are confidential and the offer is subject to shareholder approval. WesTech Engineering Inc. provides process solutions and
Read More...Canadian pipeline operator Enbridge Inc. said on Nov. 24 it had filed a federal complaint in the U.S. District Court seeking an injunction to stop the State of Michigan from taking any steps to prevent the operation of Line 5. The Enbridge Line 5 pipelines runs under the Straits of Mackinac, where Lakes Huron and
Read More...Brandon Junker, co-founder, president and operations of Acacia Exploration Partners LLC, is today’s featured Forty Under 40 honoree. Acacia Exploration Partners is a private oil and gas operating company backed with an equity commitment form Kayne Anderson Capital Advisors LP. Based in Dallas, the company currently manages approximately 11,000 net boe/d and 28,000 net acres
Read More...The American Petroleum Institute has pledged to use “every tool at its disposal” including legal action if U.S. President-elect Joe Biden tries to restrict development of oil and gas drilling on federal lands, chief executive Mike Sommers said in an interview with Reuters on Monday. Biden has stated he supports a ban on new gas
Read More...Future historians, we apologize if this timeline is a little messy. Most of the time, to be honest, we weren’t sure what was happening either. However, if it helps, a lookback to October 2020 may be of some use in getting your bearings in the Year of Horrible. Of course, there was the pandemic, which
Read More...Natural gas is playing an integral role in millions of homes this Thanksgiving holiday as they prepare for their family gatherings. It is keeping homes warm and food hot at historic low prices, leaving plenty of savings for the coming winter holidays. Here are some of the benefits of cooking with gas and some tips
Read More...Pennsylvania legislators recently passed a bill to relax environmental laws governing conventional drillers and it’s heading to Gov. Tom Wolf’s desk, according to State Impact Pennsylvania. The bill, sponsored by Senate President Pro Tempore Joe Scarnati (R-Jefferson), would set less rigorous environmental standards for conventional drillers, who drill shallower vertical wells, than the ones for
Read More...Duggan FlanakinDirector of Policy Research, Committee For A Constructive Tomorrow … … The Great American Outdoors Act (GAOA) and, specifically, the Land & Water Conservation Fund are possible due to oil and gas revenue. To the surprise of most Americans, and the consternation of many in the “mainstream” media, Vice President Mike Pence highlighted the
Read More...The American Petroleum Institute (API) has launched a new certification program that will help pipeline operators use integrity testing of natural gas and oil pipeline to improve safety and avoid environmental releases. This new Long Seam Pipeline (LSP) Certification program will set criteria for pipeline technicians to ensure that they possess the qualifications and adhere
Read More...Sasol Ltd. is selling its stake in a Texas-based high density polyethylene resin unit to Ineos Chemicals & Polymers USA for $404 million. Sasol of Johannesburg, South Africa, and Houston-based Ineos had been 50/50 partners in the unit, which operated as Gemini HDPE LLC in La Porte, Texas. The unit has annual production capacity of
Read More...API took a major step forward to enhance offshore safety by publishing the 1st Edition of Recommended Practice (RP) 2D-2 – a document focused solely on training the industry’s vitally important offshore crane riggers, operators, and inspectors. The new standard also sets a new bar for training offered for pedestal-mounted cranes, which is essential to
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