BP said on Tuesday it has invested in a geospatial analytics software company, as part of its plan to monitor and reduce methane emissions, Kallanish Energy reports. Through subsidiary BP Ventures, the company injected $5 million in the cloud-based Geospatial Analytics. The investment will enable Geospatial to develop its technology further and scale its application
Read More...UK’s oilfield services company, TechnipFMC, has bagged two new contracts from Norway energy major Equinor, Kallanish Energy reports. The deals are worth up to $189.7 billion and comprise pipelaying and subsea installation for projects in the Norwegian Continental Shelf, Equinor said on Tuesday. It covers the Breidablikk project and a gas import system for the
Read More...Ohio’s Utica and Marcellus shale wells produced almost 5% less natural gas in the first quarter of 2020 than was produced during the same quarter a year earlier, according to the Canton Repository. Data from the Ohio Department of Natural Resources shows almost 582 billion cubic feet of natural gas was produced from the beginning
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Cabot Oil & Gas, in cooperation with Penn’s Northeast and the Wyoming County Chamber of Commerce hosted a Think About Energy Briefing on economic reopening. The following is reposted from the Think About Energy site. The webinar featured U.S. Congressman Dan Meuser (PA-09), Penn’s Northeast President and CEO John
Read More...W&T Offshore Inc. has its eyes on acquisition opportunities as the Houston-based offshore player takes proactive steps to navigate the downturn, reducing costs and closely managing capital spending, according to the company’s top executive. “Shareholders should expect to see more acquisitions in the future,” Tracy Krohn, chairman and CEO of W&T, told analysts on an
Read More...Northern Oil and Gas Inc. plans to undertake a reverse stock split of Northern’s common stock, which it expects to boost its share price, Minneapolis-based company, which touts itself as being the largest Williston Basin nonoperator, said in a statement on June 23. The ratio of the reverse stock split of Northern’s common stock will
Read More...More than two-thirds of Millennial and Gen Z voters agree natural gas is a critical part of the U.S. economy, according to a new poll by the American Gas Association and Morning Consult. Young voters also overwhelmingly agree natural gas is an affordable, reliable, and accessible source of energy. According to AGA: “In this time
Read More...Abu Dhabi National Oil Co. (ADNOC) said June 23 it had signed a $10 billion gas infrastructure deal with a consortium of investors, while its CEO told Reuters the company would keep a tight lid on costs amid low oil prices. The mega pipeline deal is the world’s single largest energy infrastructure investment this year,
Read More...Organizers of the massive Chinaplas trade fair are sounding a hopeful note about holding the show next year amid the coronavirus, even as the pandemic continues to raise questions about large exhibitions. At a June 23 online news conference, Chinaplas organizers expressed confidence in China’s systems of tracing and quarantining to control outbreaks and noted
Read More...Plastic Parts Inc., an injection molder in Union Grove, Wis., has added face shields made with recyclable plastic components to its product offering and is giving a lot of the credit to a determined engineer. Company officials were talking about the need for more U.S.-made personal protective equipment (PPE) and engineer Steve Brown stepped up
Read More...Alfred Teo Sr., the 74-year-old majority shareholder of Alpha Industries Management, a multibillion-dollar plastics manufacturing holding company, has been charged with evading more than $61 million in income taxes from 2016 through 2018. The Boca Raton, Fla., resident, who founded Lyndhurst, N.J.-based Sigma Plastics Group in 1978, was charged with one count of tax evasion
Read More...Plastics and rubber veteran Hugo Sandberg has launched consulting firm HFS Solutions. Sandberg has almost 30 years of industry experience, including stints with Little Tikes, Sherwin-Williams and Hexpol Compounding. Hudson, Ohio-based HFS offers extensive experience in sales, marketing and product management, according to the firm’s website. Sandberg also is a certified public accountant. Most recently,
Read More...Materials firm Chroma Color Corp. has made its second deal of 2020, this time acquiring Epolin Chemicals LLC for an undisclosed price. Officials with Chroma in McHenry, Ill., said in a news release that Newark, N.J.-based Epolin has global leadership in near-infrared absorbing dyes and plastic compounds. They added that the acquisition expands Chroma’s product
Read More...Last December Chevron announced it was writing down over $10 billion worth of its U.S. onshore shale assets, with $6.5 billion of that number coming from its Marcellus/Utica assets. Also in December, the company posted for sale ALL of their M-U assets (see Chevron Confirms M-U Assets for Sale, Asks Vendors to Avoid Media). Just
Read More...Last October PA Gov. Tom Wolf, in a naked power-grab, said he would try to force PA to join the so-called Regional Greenhouse Gas Initiative (RGGI), a group of northeastern states attempting to assassinate coal and gas-fired power generation by taxing it to death with an insane carbon tax (see Gov. Wolf Goes Bonkers: EO
Read More...