U.S. oil and gas producer Apache Corp. missed analysts’ estimates for quarterly profit on May 1, as lower crude and natural gas prices offset higher output from the Permian Basin in the U.S. and the U.K. North Sea. Average price per barrel of oil fell 10%, while gas prices dropped 17% per cubic feet in
Read More...TGS has signed an agreement with a major international oil company to perform cloud-based data management services leveraging TGS’s first-in-class Data Lake platform, the company said on May 1. This service will allow E&P companies to reduce cycle times from purchase to value creation through on-demand data delivery, while also streamlining their data management processes.
Read More...Tallgrass Energy Wednesday announced the Hereford Project, roughly 30 miles of new pipeline, plus expanded capacity on the Pony Express system, Kallanish Energy reports. The new project is designed to support crude oil production in northern Weld County, Colorado, near the Wyoming-Colorado border. Sufficient interest arose during Pony Express’ existing open season for expansion capacity from
Read More...HOUSTON—It wasn’t long ago that the United States dealt with a perceived energy scarcity. But Deputy Secretary of U.S. Department of Energy Dan Brouillette said the country is far removed from those concerns now. The U.S. is now a world leader in the production of oil and natural gas and currently exports LNG to more
Read More...Crude oil prices slipped Wednesday after U.S. crude inventories soared to their highest point in 19 months, as production set a record, Kallanish Energy reports. The declines were somewhat tempered by the intensifying crisis in Venezuela and Washington’s stopping Iranian oil sanction waivers as of Wednesday, with the fall in the global Brent benchmark more
Read More...Oilfield services firm Baker Hughes, a GE company, delivered what chairman and CEO Lorenzo Simonelli called a “solid” first quarter, due to stabilizing global oil and natural gas markets, Kallanish Energy reports. “The U.S. rig count dropped slightly less than expected, and international activity remained steady; the LNG market is very active,” Simonelli said. During
Read More...Ongoing legal and regulatory challenges that have continuously delayed the construction of the Mountain Valley natural gas pipeline now threaten to push its completion date past 2019, according to EQM Midstream Partners LP. When the company started construction in February 2018, it estimated the project would cost about $3.5 billion and be completed by the
Read More...Kurt KnausSpokesmanPennsylvania Energy Infrastructure Alliance … … It doesn’t get better than 1,200 new jobs at the Marcus Hook Industrial Complex, one of the many benefits of projects such as the Mariner East pipelines. Two days ago, members of the Philadelphia Building Trades publicly announced a two-year Project Labor Agreement for work on the Marcus
Read More...Gina SuydamPresidentWyoming County Chamber of Commerce … … Pennsylvania Governor Tom Wolf says he wants to “Restore PA” with a severance tax that will only destroy what the Commonwealth has gained from natural gas. Natural gas is revitalizing Wyoming County. As a lifelong resident of Tunkhannock and now in my role representing the county’s business
Read More...May 1, 2019 Updated 5/1/2019 Email Print By Plastics News Invema Invema reprocesses 2,000 metric tonnes of PET bottles every month in the Honduras. The circular economy will be one of the leading issues at this year’s K 2019 trade fair in Düsseldorf, Germany. Visitors will be greeted by a variety of proposals and solutions
Read More...May 1, 2019 Updated 5/1/2019 Email Print Society of Plastics Engineers Farrey Plastics industry workers are enjoying a strong employment market and it’s showing up in paychecks, according to a new survey. “Capable, willing, attractive candidates are seeing multiple offers. It’s a very competitive market. The competition for talent right now is extremely high. It’s
Read More...May 1, 2019 Updated 5/1/2019 Email Print By Plastics News Messe Düsseldorf GmbH Petra Cullmann met with UAE plastics industry officials in Dubai. The global plastics and rubber industry has averaged annual growth of between 4 and 5 percent since the turn of the millennium, with the Middle East witnessing phenomenal expansion in its polymerization
Read More...May 1, 2019 Updated 5/1/2019 Email Print LyondellBasell Industries Patel Global petrochemicals giant LyondellBasell Industries has reported lower sales and profit for the first quarter of 2019. LBI, which is based in Houston and London, saw first-quarter sales tumble 10 percent to just under $8.8 billion, with profit slumping almost 34 percent to $817 million.
Read More...May 1, 2019 Updated 5/1/2019 Email Print Society of Plastics Engineers Michelle Bockman, HP Inc. global head of 3D printing, left, kicks off a panel discussion on additive manufacturing. (Also pictured, from left to right: John Flynn. Harold Sears and Ravi Kunju.) Detroit — The hype surrounding additive manufacturing is real, but successful implementation requires
Read More...... … … The Institute for Energy Research explains why nuke subsidies in Pennsylvania are a terrible idea and why we should just let the free market work. There are currently bills working their way through the Pennsylvania House of Representatives and Senate that would provide subsidies to help prop-up unprofitable nuclear power plants in the state. Senate
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