In something of a surprise for us, last week as the election returns continued to roll in and votes were counted (or miscounted, in a number of cases), President Trump demoted or fired several top agency heads. One of them was at the Federal Energy Regulatory Commission (FERC). Trump demoted FERC Chairman Neil Chatterjee and
Read More...Summit Midstream Partners, formed in 2009 and headquartered in The Woodlands, Texas, operates natural gas, crude oil, and produced water gathering (pipeline) systems in several unconventional shale plays, including the Marcellus and Utica. Last Friday Summit issued its third-quarter 2020 update. Interestingly, the gas flowing through the company’s Marcellus and Utica operations increased (a lot),
Read More...NATIONAL: Weekly natural gas prices plunge as mild temperatures sap demand; US crude producers eyeing natural gas again; Natural gas vehicles are making inroads and want Joe Biden to get aboard; Henry Hub physical gas volumes jump with LNG exports, storage flows.This post appeared first on Marcellus Drilling News.
Read More...Polypropylene prices continue their rise; Army Corps of Engineers reviewing permits at FG’s Sunshine Project; Mar-Bal expands composites compounding with an acquisition. Click here to register for a PN Live discussion about what may be coming in plastics recycling. This post appeared first on Plastics News.
Read More...General Motors Co. and Ventec Life Systems made a big splash when they began making medical ventilators in part of a shuttered GM plant in Kokomo, Ind., in April. GM left the project in late August and now Ventec has told employees in Kokomo that it will shut down the plant by the end of
Read More...Oil and Gas Investor A&D Trends: Pardon the Dust At the crack of a bankruptcy judge’s gavel, stalking-horse bidders slowly lurch out of the starting gate, lower their long necks and graze among the oil and gas bankruptcies. The slowly revealed results are fascinating. This post appeared first on Hart Energy.
Read More...Cameron Brown, co-founder and managing partner of Pontem Energy Capital Management LLC, is today’s featured Forty Under 40 honoree. Brown started Pontem with the goal of capturing opportunity and building the team into one of the leading firms in the alternative investment space. Reflecting on the road to Pontem, he said, “The business was just
Read More...U.S. LNG company Cheniere Energy Inc. said on Nov. 6 that natural gas and LNG has a key role to play in the global transition to a lower carbon future. “Natural gas is an affordable, reliable, cleaner burning global fuel source, and we are confident in gas playing an increasingly important role in the global
Read More...Oil prices rose on Nov. 9, with Brent topping $40/bbl, after Joe Biden clinched the U.S. presidency and buoyed risk appetite, offsetting worries about the impact on demand from the worsening coronavirus pandemic. Brent crude had climbed 91 cents, or 2.3%, to $40.36/bbl by 3:46 a.m. CT (9:46 GMT), while WTI crude was at $38.04,
Read More...Evolution Petroleum Corp. recently named Ryan Stash as successor to the company’s CFO and long-serving executive, David Joe, who has elected to retire by year-end, according to a Nov. 4 company release. Joe joined the predecessor of Evolution as controller in February 2005 and was named CFO in January 2016. Evolution is a Houston-based oil
Read More...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM, 1600 AM, 104.1 FM and Sundays on YesFM, talked about oil prices, the Paris Agreement, EQT and much more last week. The Shale Gas News has grown again to the Williamsport area
Read More...Energy Transfer LP plans to finish work on its Mariner East 2X natural gas liquids pipeline in Pennsylvania by the end of the year, according to Reuters. The 16-inch Mariner East 2X will add another 250,000 bpd to the Mariner East pipeline system, which transports liquids from the Marcellus and Utica shale fields in western
Read More...For most polypropylene convertors, their procurement strategy is divided between two primary verticals: contract floating price and spot volume. The percentage breakdown of each varies by customer and market type but both are susceptible to significant price swings in the market. BlueClover suggests a more diversified portfolio by introducing a third vertical for “fixed price”.
Read More...With media outlets across the political spectrum declaring Joe Biden the winner of the presidential race Nov. 7, the political impact for the plastics industry got a little clearer. But the lack of certainty over who would control the Senate remained a big, and important, unknown. For plastics industry lobbyists, divided government may be something
Read More...... … … [Editor’s Note: Tom Wolf arrogantly demands Pennsylvania join RGGI to pay 50% higher electric bills like the rest of the Northeast states in the suicide pact.] Pennsylvania Governor Tom Wolf vetoed the state legislature’s bill that would prohibit new taxes without legislative approval and ordered his staff to continue with the implementation
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