The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling producers, industry and banking sources said. Major banks including JPMorgan Chase, Wells Fargo and Royal Bank of Canada
Read More...Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations. Major shale producers ConocoPhillips and Concho Resources this week kick off quarterly earnings reports for a group whipsawed this year by volatile pricing and investor demands for
Read More...Tom ShepstoneShepstone Management Company, Inc. …. …. The Rockefeller is making something old new again as it seeks to revive Upstate New York, especially the Catskills and Adirondacks, with green coal. Upstate New York is desperate. It faces economic oblivion from New York’s high taxes and blue state energy policies that amount to doing absolutely
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 and Sundays on YesFM, talked about our electricity future, public land drilling, Trump’s speech at Shale Insight and much more last week. The Shale Gas News has grown again; welcome Gem 104
Read More...President Trump said Sunday he’s interested in making a deal with ExxonMobil or another producer to tap Syrian oil reserves, Kallanish Energy reports. “What I intend to do, perhaps, is make a deal with an ExxonMobil or one of our great companies to go in there and do it properly … and spread out the wealth,” he
Read More...Millions of Californians were without power Sunday as Pacific Gas and Electric Co. implemented its largest-ever blackout to prevent wildfires during high and hot winds, Kallanish Energy reports. The outages extend from parts of California’s Humboldt County to the Salinas Valley and were expected to reach a portion of the state’s Kern County by Sunday
Read More...Offshore wind should become a $1 trillion business by 2040, the International Energy Agency (IEA) said Friday, with global capacity set for a 15-fold increase, Kallanish Energy reports. According to the IEA’s Offshore Wind Outlook 2019, investment last year in the sector neared $20 billion, compared to under $8 billion in 2010. With today’s investment
Read More...A recently-filed class action lawsuit claims Encino Energy and its affiliates underpaid landowners in Columbiana and Carroll counties in Ohio at least $5 million for oil and natural gas royalties, according to Farm and Dairy. The lawsuit was filed in the U.S. District Court for the Northern District of Ohio on Oct. 18 by the
Read More...President Donald Trump’s suggestion on Oct. 27 that Exxon Mobil Corp. or another U.S. oil company operate Syrian oil fields drew rebukes from legal and energy experts. “What I intend to do, perhaps, is make a deal with an Exxon Mobil or one of our great companies to go in there and do it properly
Read More...Throw a rock in the financial district in Manhattan these days and you are bound to hit someone who is bearish on the outlook for oil and gas. Wall Street has all but abandoned the sector as an investment destination, and while commodities prices have continued to dance around the $50 to $60 range for
Read More...Rick HidukManaging Editor of EndlessMtnLifestyles.com … … West Side Career and Technology Center (WSCTC) was a recent recipient of a $15,000 grant from Cabot Oil & Gas Corporation to support their programs. A growing number of high school students are looking into the programs offered by their local technical schools and career centers to meet
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Natural Gas and Solar Power: Together at Last Our friend Dan Markind has a great piece in Forbes on the blending of
Read More...Barnes Group Inc. has managed to deliver solid bottom-line performance even in what company leaders called a “challenging” global industrial market that has hit Barnes’ Industrial business segment — including continuing softness in automotive hot runners and some other areas. CEO Patrick Dempsey also said pending European packaging regulations have caused customers to hold off
Read More...Landowners in Carroll and Columbiana counties (Ohio) have filed a class action lawsuit against Encino Energy claiming the company underpaid oil and natural gas royalties. Last November Encino Acquisition Partners (i.e. Encino Energy) completed its purchase of all of Chesapeake Energy’s Ohio Utica Shale assets for $2 billion (see Stop Press: Chesapeake Sells ALL of
Read More...The stakes are about as high as it gets: “The immediate disruption of the natural gas industry,” says PennEast Pipeline. We’re referring to a terrible decision in September by the U.S. Court of Appeals for the Third Circuit that disallows PennEast from using the delegated power of eminent domain to cross properties either owned by,
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