Industry pundits have predicted—wished for, even—E&P consolidation for years. That time is nigh. Since July, six corporate combos have been announced; three in October alone. Surf’s up, and the merger waves are crashing onshore. The pain of 2020’s sustained low oil and gas prices has prodded recalcitrant sellers to the bargaining table. Major integrated oil
Read More...Sanctions that could hinder one of Moscow’s most important projects in Europe, the Nord Stream 2 natural gas pipeline, have been included in the annual U.S. defense policy bill, two congressional aides said on Nov. 11. The sanctions in the compromise National Defense Authorization Act between lawmakers in the House and Senate would penalize companies
Read More...Tom ShepstoneShepstone Management Company, Inc. … … The Pennsylvania election may still be up in the air Presidentially speaking, but it is clear blue collar centrists won the day over radicals. The Pennsylvania election results are being challenged as I write this post. Joe Biden claims it and Donald Trump says that isn’t so, as
Read More...Enterprise resource planning software—better known as ERP—serves as the centerpiece of any tech stack. In simple terms, ERPs bring all of the important data together in one place while offering functions to complete core business processes. This expansive piece of software has applications in all enterprises, but oil and gas companies can particularly benefit from
Read More...A new agreement between the United States and China indicates that trade relations for liquified natural gas (LNG) are on the mend, which is great news for both countries. Reporting from Oil Price earlier this week explains that U.S. LNG producer and exporter Cheniere Energy has recently signed an agreement with China’s Foran Energy Group
Read More...With over 300 dedicated associates scattered throughout the globe providing 24-hour, 7-day-a-week reliability services on critical assets and equipment in almost every industrial segment, there is no match for RelaDyne Reliability Services. Vice-President Scott Hill reflects on the past decade since the formation of RelaDyne knowing that the success of the global leader in reliability
Read More...Materials firm RTP Co. has acquired patents for anti-scratch additives from TenasiTech. The transaction was completed in September and includes nanoparticle technology patents, officials with RTP in Winona, Minn., said in a Nov. 11 news release. TenasiTech is a technology firm based in Boston. No purchase price was disclosed. “The base technology greatly improves scratch
Read More...Former Alaska Governor Bill Walker said this week he was a founding member of Alaska Gasline & LNG LLC (AGLNG) that wants to take over the state’s Alaska LNG export project and complete it by March 2028. The Alaska Gasline Development Corp. (AGDC) is developing the LNG project, which includes an 807-mile (1,300-km) pipeline from
Read More...Midstream operator Easton Energy LLC has agreed to buy a petrochemical pipeline system that runs from Houston to Corpus Christi from oil major Exxon Mobil Corp., moving to capitalize on South Texas’ growing petrochemical market. The South Texas Pipeline System has 720 miles of pipeline and runs from Exxon Mobil’s Clear Lake and Katy Gas
Read More...Beverly, Mass. — Freudenberg Medical has completed construction of its new global headquarters and medical manufacturing facility. The 36,000-square-foot operation includes expanded manufacturing and innovation facilities and Class 8 clean room space for molding and assembly, the company said in a statement. The operation is ISO 13485 certified and FDA-registered. The location will manufacture medical devices
Read More...Here’s a snapshot of recent energy deals including the merger of Denver-Julesburg Basin producers Bonanza Creek Energy and HighPoint Resources in a $376 million deal. HartEnergy.com Wed, 11/11/2020 – 12:05 PM This post appeared first on Hart Energy.
Read More...Location/Play Seller Agent BidDue Date MT & ND (Bakken) MORE Equinor Energy LP EnergyNet 11/11/20 TX, Leon & Madison Cos. Five States Energy Capital Fund 1 LLC EnergyNet 11/11/20 WY, Laramie County Five States Energy Capital Fund 1 LLC EnergyNet 11/11/20 TX, Garza County Five States Energy Capital Fund 1 LLC EnergyNet 11/11/20 TX, Dawson, Lynn
Read More...Hunt Energy’s approach to the energy transition is from an ‘addition’ standpoint by having a hand in both the renewable world as well as oil and gas, CEO Hunter L. Hunt says. HartEnergy.com Wed, 11/11/2020 – 12:00 PM This post appeared first on Hart Energy.
Read More...As major consumer product companies rethink how they use plastic packaging, a new report points to changes, including much less growth in resin consumption, more recycled content and a push to eliminate hard-to-recycle items and plastics. The Ellen MacArthur Foundation Nov. 5 released a report tracking the first year of work by 118 companies and
Read More...U.S. electricity consumption will decline 3.6% this year as coronavirus lockdowns cause businesses to close, the U.S. Energy Information Administration said on Nov. 10 in its Short Term Energy Outlook (STEO). The EIA projected power demand will drop to 3,813 billion kilowatt hours (kWh) in 2020 from 3,957 billion kWh in 2019 before rising to
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