BRUSSELS/FRANKFURT—The European Commission is preparing measures to protect the European Union as it faces threatened U.S. sanctions, which could break international law, on a link to carry gas directly from Russia to Germany, the EU’s foreign policy chief said. U.S. senators this month announced a bill tightening sanctions on the Nord Stream 2 pipeline, designed
Read More...Emigsville, Pa. — Tom Baughman knows the value of apprenticeships. He spent two years after high school learning the sheet metal trade, and he earned a tool and die apprenticeship in 1974. That experience started him on a path to build New Concept Technology Inc., a successful injection molding company that invests heavily in training
Read More...ConocoPhillips has deployed a low-code platform called Mendix to cut costs and increase efficiency, making it the first major oil and gas producer to use such technology across the company, Mendix said in a statement on June 30. Mendix, owned by German technology firm Siemens, allows companies to create in-house systems without hiring outside developers as minimal or no coding knowledge is required.
Read More...Digitally connected service delivers real-time operational data and insights for improved performance Schlumberger introduced, on June 29, Performance Live digitally connected service that optimizes remote wellsite operations control while improving safety, efficiency and footprint. The service includes technology and domain expertise within a digital ecosystem, leveraging cloud-based applications and automated data workflows through a secure
Read More...BP Energy Partners said June 29 it is merging Dallas, TX-based Blue Roads Solutions, and Conroe, TX-based Thigpen Solutions, creating an innovative, full-service, leading player in the virtual pipeline industry. The name of the newly combined firm will be Sapphire Gas Solutions. Sapphire will be based in Conroe, TX, and will be led by Thigpen founder and CEO Sam
Read More...Plastics News is wrapping up its biggest ranking of the year in this week’s issue, counting more than 500 injection molders in North America. (Hollee Keller has a little more information on the second part of the ranking from the June 29 issue.) And our sister publication, Automotive News, also has one of its biggest
Read More...Tom ShepstoneShepstone Management Company, Inc. . … The PennEast pipeline just got some clearly encouraging and very interesting news from the U.S. Supreme Court about its case with the state of New Jersey. The PennEast Pipeline folks received some most definitely encouraging news regarding New Jersey’s attempt to obstruct the project by claiming its rights
Read More...British giants BP and Ineos announced on Monday a $5 billion global petrochemical deal, covering 14 manufacturing plants across Europe, Asia, and the U.S., Kallanish Energy reports. BP’s departing chief financial officer Brian Gilvary stroke the sale of BP’s petrochemical unit to Ineos – an achievement that concludes BP’s $15 billion divestment target a year
Read More...Russian gas giant Gazprom is negotiating an additional 6 billion cubic meters per year (Bcm/y) of gas supply to China, Kallanish Energy reports. The company is in talks with its partners to increase gas deliveries via the Power of Siberia, CEO Alexey Miller said in an interview published on Gazprom’s website last Friday. If an
Read More...Belgium shipping company Exmar is considering the best way to defend its interests in a dispute with Argentina’s YPF, Kallanish Energy reports. The company said last week it received notification of force majeure from YPF under the Charter Agreement and Services Agreement they hold for the Tango FLNG barge. Exmar said the move is “unlawful,” and
Read More...U.S. natural gas storage build surpassed expectations rising by 120 billion cubic feet (Bcf) in the week ending June 19, according to data from the U.S. Energy Information Administration (EIA). The latest estimates, covering the week of 12-19 June, pointed to a storage level of 3,012 Bcf. The volume is 32.5% higher than the same
Read More...China’s oil and gas company CNOOC announced on Monday a “significant” oil and gas condensate discovery off the South China Sea, Kallanish Energy reports. The discovery of Huizhou 26-6 in the eastern South China Sea is set to become the first mid-to-large sized field in the shallow waters of Pearl River Mouth Basin. The well-encountered
Read More...Natural gas production continues to grow in the United States because production continues to get more efficient, according to the U.S. Energy Information Administration. The EIA report revealed newer wells are boosting production in shale formations across the U.S. Furthermore, the average new well in the Haynesville, Permian, Eagle Ford, Niobrara and Bakken regions in
Read More...Here are the top news stories covering Canada’s energy landscape: Alberta Energy Minister Calls Norway’s New Oil Tax Cuts “Hypocritical” In an attempt to provide some relief to its oil and natural gas industry, Norway’s government cut taxes on the industry by 40 percent to help stimulate the sector and attract oil companies to the
Read More...Low oil and gas prices amid the coronavirus pandemic proved to be the final blow for Chesapeake Energy Corp. as it filed for chapter 11 bankruptcy over the weekend, according to The Wall Street Journal. Although Chesapeake is the latest debt-laden oil and gas company to file for bankruptcy, it may not be the last.
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