Despite recent statements to the contrary, Marathon Petroleum Corp. has announced plans to “spin off its Speedway gas-station business,” according to The Columbus Dispatch. It will also be replacing CEO Gary Heminger, who will retire next year. Buckling under pressure from investors, Findlay-based Marathon confirmed its new direction at the end of October, along with
Read More...For the first time in history, the U.S exported more petroleum products to overseas markets than it imported in October, according to the Energy Information Administration’s recently-released “Short-Term Energy Outlook” It represents an historic shift as the United States solidifies its role as an oil and natural gas powerhouse that’s able to provide for its
Read More...The U.S. Third Circuit Court of Appeals delivered a major setback to the PennEast pipeline project, refusing the company’s bid to rehear a case involving eminent domain of state-owned lands, according to Kallanish Energy. The decision means PennEast Pipeline LLC is running out of options to build the $1.2 billion pipeline to move Marcellus Shale
Read More...The United States will overtake Russia as the world’s leading producer of oil and natural gas, reshaping global markets, and bolstering national security, according to the International Energy Agency’s 2019 World Energy Outlook. Going all the way up According to the report, the United States will account for a staggering 85 percent of the world’s
Read More...The Federal Energy Regulatory Commission plans to release an environmental assessment in early February for two pipeline projects that will extend and expand Transcontinental Gas Pipe Line’s Atlantic Sunrise Pipeline to connect Marcellus and Utica shale gas with customers in the Northeast and mid-Atlantic, according to S&P Global Platts. If the FERC stays on track
Read More...American consumers are reaping the benefits of soaring natural gas production, pocketing over $1.1 trillion in savings over the past 10 years, according to a new report released by Shale Crescent USA and the Ohio Oil & Gas Energy Education Program. The analysis shows growth in domestic natural gas production resulted in more than $4,000 in savings per
Read More...Several Democratic presidential candidates are campaigning on promises to ban fracking on federal lands, or on some more extreme platforms – from Sens. Elizabeth Warren, Bernie Sanders and Kamala Harris – place a ban on all fracking in the United States including on private property. World leaders have advised against a U.S. ban for a
Read More...After pushing U.S. oil and natural gas production to record numbers, producers are beginning to pull back production amid low prices, according to The Wall Street Journal. Some of the country’s largest natural gas drillers, including EQT Corp. and Chesapeake Energy, plan to make the sharpest production cuts. Simultaneously, oil-focused companies are promising to rein
Read More...Regional Economic Development Partnership to Be a Sponsor of the Appalachian Basin Real Estate Conference Penn Valley, PA (October 29, 2019). Shale Directories LLC announced that Regional Economic Development Partnership (RED) will be an Economic Development Sponsor for the its Inaugural Appalachian Basin Real Estate Conference which will be held December 12th at Oglebay
Read More...Penn Valley, PA (November 12, 2019) Shale Directories announces that Adam Bruns, Site Selection magazine’s managing editor will be its featured speaker at the Inaugural Appalachian Basin Real Estate Conference December 11 and 12 at Oglebay Resort in Wheeling, West Virginia. Bruns has been the managing editor at Site Selection magazine, published by Conway, Inc.,
Read More...Welcome to Kickstart! This new email arrives in your mailboxes as you start each business day to give you a quick, lighthearted snapshot about what’s happening in the plastics industry, so you’ll be ready to hit the ground running. To opt out of the emails, go to the newsletters tab to unsubscribe. Last week
Read More...Dustin F. Cabrera, vice president of energy investment banking at Roth Capital Partners, is today’s featured Forty Under 40 honoree. Cabrera is an ambitious energy banker who became one of the youngest vice presidents at Roth Capital Partners when he was 26. He had joined the Newport Beach, Calif.-based firm in 2014. Today, he helps
Read More...Craig stevensPartner, DCI Group …. …. Andrew Cuomo is obsessed with pandering to environmentalists at the expense of other New Yorkers who need natural gas infrastructure and need it now. Consider: You build a brand-new home or space for your business. It’s nearing completion but your application for natural gas service is denied. How is
Read More...Ned LangPresident, Upper Delaware River Basin Citizens …. …. Ned Lang, President of Upper Delaware River Basin Citizens, has a message for residents of Long Island suffering from the New York State’s anti-gas policies. Long Island homeowners and businesses are suffering from an artificial natural gas shortage brought on by short-sighted and, frankly, perfectly senseless
Read More...Oil prices rose on Nov. 12, reversing early losses on hopes that President Donald Trump may signal progress on trade talks with China in a speech later in the day. Brent crude futures were up 31 cents, or 0.5%, at $62.49 a barrel by 0644 GMT, after dipping to as low as $61.90 earlier in
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