Wood to sell nuclear business for $302M to cut debt

Ohio River Corridor

Wood to sell nuclear business for $302M to cut debt

Wood Plc has agreed to sell its nuclear business for 250 million pounds ($302 million), as it cuts debt associated with the 2017 acquisition of Amec Foster Wheeler and a prolonged oil-price slump, Kallanish Energy reports. The Scottish engineering and services business will sell the unit to a subsidiary of Jacobs Engineering Group. The deal

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Vistra Energy closing 4 Illinois power plants

Independent power producer Vistra Energy and its subsidiaries Wednesday named the four coal-fired power plants to be retired to meet the requirements of the recently approved revisions to the Multi-Pollutant Standard (Mps) rule imposed by the Illinois Pollution Control Board (Ipcb). Without this rule change, Vistra said the company’s entire downstate Illinois fleet was at

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CNX Resources Lays Off 10% of Total Workforce – More Cuts Coming?

CNX Resources has just laid off (i.e. fired) roughly 50 employees company-wide, most of them at company headquarters in Canonsburg. But not all. We heard from an MDN trust source who said at least nine workers got their walking papers in West Virginia. Given the company employs about 500 people, 50 fired represents 10% of

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1st Casualty of OH Save Nukes Law – $1.1B Lordstown NatGas Plant

The boneheaded new law passed by the Ohio legislature known as House Bill (HB) 6, meant to save a couple of failing nuclear plants along with a few coal-fired electric plants, has just claimed its first casualty. And it’s major. Clean Energy Future Inc. which has already built two natural gas-fired power plants in Lordstown

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MVP River/Stream Crossings in WV to Resume Thx to Fed EPA

The federal Environmental Protection Agency (EPA) has just given Equitrans’ Mountain Valley Pipeline (MVP) project a huge thumbs up and assist by approving permit changes made by West Virginia that will allow MVP to restart work in crossing hundreds of streams and rivers in the state. This post appeared first on Marcellus Drilling News.

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New Ohio Chapter of NARO Launches for Rights & Landowners

The National Association of Royalty Owners (NARO), with a mission “to encourage and promote exploration and production of minerals in the United States while preserving, protecting, advancing and representing the interests and rights of mineral and royalty owners” is getting a brand new state chapter–in Ohio. The Ohio chapter of NARO is an offshoot from

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PA DEP Revokes Beaver County Right to Issue Pipe, Drilling Permits

Here’s something we didn’t know: The Pennsylvania Dept. of Environmental Protection (DEP) does not do all of its own work to issue permits for things like erosion and sediment control. In some (many?) cases, the DEP delegates and farms out authority to issue and monitor/inspect permits for erosion and sediment control to county conservation districts.

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Court sides with Atlantic Sunrise Pipeline

The U.S. Third Circuit Court of Appeals supported the Atlantic Sunrise natural gas pipeline in a recent decision it made regarding the legal fight over a Pennsylvania water permit, according to Kallanish Energy. The court ruled against the Delaware Riverkeeper Network that had challenged the water permit issued by the Pennsylvania Department of Environmental Protection

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Is Wind Power, Having Inflated Electric Prices, Done in Germany?

 ... … … Wind power has successfully exploded electricity prices in Germany, turned its neighbors into enemies and cost a fortune. Has it, at last, run its course? New onshore wind energy is in a steep decline in Germany. The expansion of onshore wind power in the first half of this year is at its

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Leadership: Toby Rice and EQT Plan to Make Money on $2.00 Gas

Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Toby Rice is not your typical corporate honcho. He tackles challenges in new and different ways. He’s truly leading EQT and aims to make money on $2 gas. For years MDN has observed that Cabot Oil & Gas is one of the few Marcellus/Utica drilling companies that can “spin

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U.S. Breaks Records to Become Global Leader in Oil and Natural Gas Production

The U.S. energy revolution that’s taken place since 2000 catapulted the country to become the global leader in petroleum, including oil, and natural gas production in 2018, according to a recent report from the Energy Information Administration: “Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production

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Powerful Reality: More Solar Power Means More Air Pollution

Tom ShepstoneNatural Gas NOW … …  It is undeniable; adding more solar power to the grid means decreases the environmental performance of baseload energy systems and grow air pollution. A North State Journal article about power generation in North Carolina reveals the problem introduced by too much solar power being added to the grid. Solar

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Howarth Methane Study Ignored Empirical Data Falsifying the Conclusion

Tom ShepstoneNatural Gas NOW … …  A Bob Howarth methane study has gotten some traction here and there amongst the uneducated empathetic press but key data falsifying it has been ignored. We have some really knowledgeable readers here at NaturalGasNOW and one of them, who apparently read our Bob Howarth post the other day, sent

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Appalachian Basin puts US gas production on pace to set record

The seven most productive, unconventional shale plays and basins in the Lower 48 U.S. states are projected to set a natural gas production record from August to September, according to the Energy Information Administration August Drilling Productivity Report. more than half of the production increase will be driven by the Marcellus and Utica shale plays

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Shale Gas News – August 17, 2019

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 the Shell Cracker Plant, Northeast Supply Enhancement Project, Southwestern Energy and much more last week. The Shale Gas News has grown again; welcome Gem 104 as

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