BP Plc on May 6 announced new production units in the Gulf of Mexico, enhancing its standing as the largest producer there at a time when rival global oil majors are scrambling to expand vast U.S. onshore shale drilling. U.K.-based BP will add two new subsea production units about two miles (3.2 km) south of
Read More...Occidental Petroleum, continues to tinker with its offer to buy Anadarko Petroleum, late Sunday putting a revised bid in front of the independent producer, offering mostly cash as it looks to wrest its prey from Chevron, Kallanish Energy reports. Oxy is still offering to buy Anadarko for $76 a share, but would now pay 78% in
Read More...E&P companies reported mixed first-quarter results despite a rebound in crude oil prices from the decline at the end of 2018. Continental Resources Inc., Concho Resources Inc., Devon Energy Corp., Encana Corp. and Antero Resources Corp. are among E&Ps that have reported results so far this earnings season. This post appeared first on Hart Energy.
Read More...Kelsey MulacCabot Oil & GasExternal Affairs, Pittsburgh … … Let’s put aside the bitter, miserable opposition of fractivists for a moment and reflect again the humorous nature of laughable oil and gas lingo, shall we? We had previously posted a well-received blog post (also reposted here at NaturalGasNow) about the oil and gas lingo that
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 Marcus Hook, emissions, Venezuela and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our FOURTH station! Gem 104 helps
Read More...Crude oil prices inched up Friday, as strong U.S. economic data boosted demand feelings, and as production drops in sanctions-hit Iran and Venezuela tightened the market, Kallanish Energy reports. Oil futures posted weekly declines on a jump in U.S. crude inventories reported recently. U.S. West Texas Intermediate crude futures settled 13 cents higher, at $61.94 per
Read More...Iran’s oil minister last week warned Opec is “likely to collapse” because some members of the 14-nation group are working against their fellow producers, Kallanish Energy learns. It’s not hard to figure out the comments referred to Saudi Arabia and the United Arab Emirates. When U.S. Secretary of State Mike Pompeo first announced sanction waivers
Read More...In January, CNX was fracking the Shaw 1G well when it lost pressure in the hole and subsequently discovered pressure spikes in nine conventional wells in Westmoreland County, Pa., according to the Pittsburgh Post-Gazette. The affected wells had to be flared for days, while CNX brought the Shaw 1G well under control. After months of
Read More...Tom ShepstoneShepstone Management Company, Inc. . … Exports contribute to the our economy in numerous ways and natural gas exports just keep rising, bringing aconomic development to both rural and urban areas. Natural gas exports are growing and rapidly. Our natural gas is finding its way to Canada, Mexico and around the world with benefits
Read More...Tom ShepstoneShepstone Management Company, Inc. . … A four-member FERC issued a Certificate for the Northeast Supply Enhancement Pipeline this past week, which is a big step forward. The NESE is on its way! The Federal Energy Regulatory Commission voted 3 to 1 to issue a certificate authorizing the construction and operation of “an expansion
Read More...... … … Pipelines remain the safest way to transport natural gas, but demands of consumers will force it to be delivered as LNG by rail if pipelines cannot be built. Natural gas pipelines are having a hard time getting built in the United States despite the advantages that natural gas provides to the public
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. Delaware Povertykeeper Denied Again by Supreme Court Williams beats the Delaware Povertykeeper yet again on the already operating Atlantic
Read More...May 3, 2019 Updated 5/3/2019 Email Print Uflex Ltd. An employee tends to the stream of mixed plastics waste at a new pyrolysis plant India’s Uflex Ltd. opened at its headquarters. Noida, India — India’s largest flexible packaging firm Uflex Ltd. is launching two environmental initiatives, investing about 50 million Indian rupees ($700,000) in a
Read More...May 3, 2019 Updated 5/3/2019 Email Print Michael A. Marcotte Ranganath Shastri at Plastimagen 2019. Mexico City — Ranganath Shastri, made a Society of Plastics Engineers fellow in 2003 in recognition of his contribution to product design and development, was impressed by the large crowds at Plastimagen 2019 in Mexico City, but disappointed by the
Read More...May 3, 2019 Updated 5/3/2019 Email Print U.S. Rep. Haley Stevens Stevens Washington — The head of a U.S. House science subcommittee is calling for a national strategy around plastics recycling. Rep. Haley Stevens, D-Mich., made the call to upgrade decades-old waste infrastructure and deal with new challenges like microplastics. The April 30 hearing, titled
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