Tom ShepstoneShepstone Management Company, Inc. …. …. A Colorado health agency, under the thumb of a fractivist governor, is using air quality modeling, with no connection to reality, to trash oil and gas. What do you call a “study” that includes this? Two aspects of the modeling need to be understood, and they are 1.
Read More...Australia-listed Oil Search Ltd. on Oct. 22 posted a 24% drop in quarterly revenue and cut its 2019 production guidance after damage to a mooring system dented output. The company also reduced 2019 capital spending by about 15%, due to delays in securing agreements with the Papua New Guinea government so preliminary engineering work can
Read More...Aker BP ASA cut its full-year oil output target on Oct. 22 as production problems at the oil explorer’s Valhall Field in the North Sea offset a boost from the early opening of its Johan Sverdrup Field in Norway. The company, jointly controlled by oil major BP Plc and Norwegian holding company Aker ASA, now
Read More...Materials firm Teknor Apex Co. is on track to open a new compounding plant in Germany early next year. The new plant in Rothenburg will cover 160,000 square feet and employ almost 100 in manufacturing positions. When it opens, Pawtucket, R.I.-based Teknor Apex will close its plant in nearby Steinsfeld. That plant housed the business
Read More...Saudi Basic Industries Corp. brought its position as a major player in global markets for both commodity and engineering resins to K 2019. Sabic’s recent plans include the building of a major petrochemicals site in Texas through a joint venture with ExxonMobil Corp. Plastics News recently caught up via email with Abdulrahman Al-Fageeh, executive vice
Read More...Düsseldorf, Germany — The new seven-layer blown film line displayed at K 2019 by extrusion machinery manufacturer Bandera has been designed to offer customers the highest possible degree of flexibility, said Andrea Rigliano, general sales and marketing director at the company. Called the Barrier Flex Seven, it can run both barrier and high-barrier blown film,
Read More...Düsseldorf, Germany — Despite its numerous benefits, multilayer packaging is increasingly coming under scrutiny due to its inability to be efficiently recycled. As the circular economy gains momentum, solutions are being sought that are able to provide the barrier properties provided by multiple layers with the green properties needed in a sustainable world. But it’s
Read More...Düsseldorf, Germany — Italian artist Lady Be turns discarded plastic toys, pens and buttons into modern mosaic tiles that she configures into iconic portraits appreciated as both pop art and creatively reused plastics. Formally known as Letizia Lanzarotti, the Rome-based artist first fashioned her palette of polymer pieces into the likeness of Marilyn Monroe when
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) The Pittsburgh International Airport will soon be generating its own electricity with the shale gas produced from the wells on the property. In March 2018 MDN brought you the news that Pittsburgh International Airport (PIT) was exploring the possibility of producing its own electricity. You may recall that CONSOL
Read More...The effort to overturn nuclear bailout legislation in Ohio is now in the hands of a federal judge, Kallanish Energy reports. Ohioans Against Corporate Bailouts, the group that had been circulating petitions against House Bill 6 that would aid two nuclear power plants in Ohio owned by FirstEnergy Solutions, filed a lawsuit seeking more time
Read More...The Carlyle Group, an international private equity/investment firm and the entity behind efforts to build a $1 billion crude oil export terminal at Harbor Island, Port of Corpus Christi, Texas, is pulling out of the project. The Washington, D.C.-based company said in a statement it’s dissolved its relationship with The Berry Group, Kallanish Energy finds. The
Read More...Saudi Aramco has delayed the planned launch of its initial public offering in hopes pending third-quarter results will raise investor confidence in the world’s largest oil firm, two sources familiar with the matter told Reuters. Aramco had been expected to announce plans this week to float a 1% to 2% stake on the kingdom’s Tadawul
Read More...President Donald Trump is slated to provide keynote remarks tomorrow during the 9th annual SHALE INSIGHT conference, at the David L. Lawrence Convention Center in Pittsburgh, according to the Times Reporter. The conference focuses on policy, innovation and energy outlook. It is jointly hosted by the Ohio Oil and Gas Association, the Marcellus Shale Coalition
Read More...NEW YORK/HOUSTON—UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Oct. 21, as U.S. dealmaking continues to dry up. Mergers and acquisitions activity within the shale business is at its lowest level in a
Read More...The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Block T Operating LLC retained EnergyNet for the sale of Alabama assets in Choctaw County through a sealed-bid offering closing Nov. 6. The offer
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