[Editor’s note: A version of this story appears in the June 2019 edition of E&P magazine. Subscribe to the magazine here.] There’s been no shortage of opinions and prognostications offered over the past five years on the impact of the price downturn on the oil and gas industry. But at the heart of every opinion is a kernel
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) DEC, which Andrew Cuomo controls in its entirety, is under court order to process the already operating CPV Valley Energy Center’s air quality permits. New York Gov. Andrew Cuomo tried to stop a fully built, brand new natural gas-fired electric generating plant in Orange County from going operational last
Read More...PARIS/TOKYO–Total will take over Toshiba’s U.S. LNG business and get $800 million cash from the Japanese group as part of the deal, the companies said on Saturday, weeks after attempts to sell it to a Chinese buyer fell through. The French energy major is paying $15 million for the shares in the Texan assets, the
Read More...Oil and gas producer Canadian Natural Resources Ltd. said on Friday it would temporarily shut-in about 65,000 barrels per day (bbl/d) of crude oil production due to forest fires in Alberta. The company on Thursday completed the evacuation of all 240 personnel at its Pelican Lake and Woodenhouse operations, it said in a statement. This
Read More...Saudi Arabia’s King Salman said on Saturday that attacks on Saudi oil assets last month by Iran-backed groups are a threat to global oil supplies and regional security. “The drone attacks on Saudi oil pumping stations carried out by groups supported by Iran not only threaten the security of the kingdom and the Gulf, but
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. New York Is the Biggest Loser As Wealth Leaves the Empire State Andrew Cuomo, New York’s follower in
Read More...The activist who wrote a 2012 memo encouraging anti-fracking groups to connect health problems and fracking even when no evidence existed to support the claims recently co-authored a report admitting that the vast majority of scientific research shows no harmful air pollutants near oil and natural gas sites. As the report explains, “Air pollution near
Read More...Tom ShepstoneNatural Gas NOW … … H.B. 827, Rep Jonathan Fritz’s bill to compensate DRBC landowners for their huge losses from the taking that would result from a fracking ban, is attacked. Former English teacher and now Rep. Wendy Ullman is from Bucks County, Pennsylvania where the average household income in 2017 was $108,848 compared
Read More...A small Australian company has received approval for the nation’s first certified trademark for oxo-biodegradable plastic products. Alex Andrews established Melbourne-based OxoPak Pty. Ltd. to certify oxo-biodegradable plastic products. “There’s a lot of misleading information out there,” he said. Andrews first lodged applications for four certified trademarks for OBP products in 2017. But the Canberra-based,
Read More...Cleveland — Raw material price increases and an up and down construction market are among the challenges facing PVC compounders in 2019. Executives with three major PVC compounding firms tackled those topics and more at the Compounding World expo May 9 in Cleveland. The panel was moderated by senior project consultant Sylvia Tabero of host
Read More...The Plastics Industry Association is joining trade groups in the U.S. and officials in Mexico speaking out against new proposed tariffs by President Donald Trump on all goods coming to the U.S. from Mexico. The Trump Administration said it would begin imposing 5 percent tariffs on Mexican-made goods entering the U.S. starting June 10, and
Read More...Schaumburg, Ill. — The plastics M&A market remains strong, even as top-performing firms are distancing themselves from the pack. “There’s a gulf occurring between the haves and the have nots, the large caps vs. small caps,” market veteran Thomas Blaige said May 21 at the Plastics News Financial Summit in Schaumburg. “Deal volume is way
Read More...Grand Rapids, Mich. — National Geographic magazine challenged readers a year ago to select between the environment or plastic as part of a campaign to heighten the awareness of plastic pollution. But it’s really not an either-or situation, according to the woman leading the nonprofit group’s efforts to address the problem. The “Planet or Plastic?”
Read More...We’re always a sucker for a “Top 10” list. We spotted a Top 10 list for Ohio oil and gas producers recently published by Columbus Business First. The list ranks companies by production in 2018 converted to thousand cubic feet equivalent. We’ve also included a nifty graphic from our own Marcellus & Utica Shale Almanac
Read More...click for larger version EQT yesterday launched the website VoteGoldForEQT.com in response to the website previously launched by Toby and Derek Rice (the Rice boys), to counter their attempt to take control of the company. The Rice website is EQTPathForward.com. Both websites offer each arguments and defense for why they should control the makeup of the board
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