Crude oil prices rose more than 1% Tuesday on hopes for a U.S.-China trade agreement and optimism Washington could roll back some of the tariffs it has imposed on Chinese imports, Kallanish Energy learns. Brent crude futures gained 84 cents, or 1.4%, to settle at $62.94 a barrel, while West Texas Intermediate crude futures gained
Read More...After losing $48.8 million, or 31 cents per diluted share, during the third quarter, Gulfport Energy announced plans to sell some of its interests in the Utica Shale, according to the Times Reporter. The company made the announcement before its conference call with investors to discuss third-quarter earnings last Friday. Gulfport said proceeds from its
Read More...Fiberon LLC is expanding production and hiring more employees at its manufacturing plant for wood alternative decking in Meridian, Idaho, to reach more customers in the West Coast region. The facility is being renovated and getting new equipment to “significantly” increase capacity in the PVC category, according to a news release. The company did not
Read More...General Motors Co. has become the fourth major firm to leave the Plastics Industry Association this year, a decision that environmental groups are portraying as a response to their pressure campaign around industry environmental policies. GM confirmed in an email that it did not renew its membership in the Washington-based association but declined to say
Read More...As U.S. plastics exports grow, suppliers are looking to diversify supply chain solutions and mitigate risk by creating options outside of Texas, where most of the product is made. × A&R Logistics, a supply-chain-service provider for North American chemicals, announced on Oct. 17 the latest spending to add resin export capacity to the East Coast
Read More...E. Niles Kenyon, who led auxiliary equipment maker Conair Group from 1986-2004, died Sept. 12 in Vero Beach, Fla., surrounded by his family. Kenyon was a sales executive in the titanium industry before working in plastics. He was Conair’s president and chief operating officer. He was 78 and had been battling prostate cancer. Kenyon was
Read More...Eastman Chemical Co. is joining with Circular Polymers LLC as a feedstock source for its new chemical recycling facility in Tennessee. Circular Polymers will direct reclaimed PET carpet fiber from its California recycling facility to Eastman’s recently commercialized chemical recycling facility in Kingsport, Tenn. Circular Polymers of Lincoln, Calif., separates PET fiber from carpet backing,
Read More...Yesterday MDN reported on Dominion Energy’s third quarter update from last Friday, a session in which CEO Tom Farrell commented the company’s commitment to building the Atlantic Coast Pipeline (ACP) is “unwavering” (see Dominion Energy 3Q – Commitment to Atlantic Coast Pipe “Unwavering”). Last Thursday a pair of ACP representatives gave an update to Upshur
Read More...For some time we have criticized the 100 year-old Jones Act that prevents LNG carriers built and/or crewed by other counties from transporting LNG from one U.S. port to another U.S. port (see Puerto Rico Imports Russian LNG Thanks to U.S. Jones Act). Among the statements we’ve made is that the Jones Act prevents all
Read More...Dominion Energy has formed a joint venture partnership with Interstate Gas Supply to form Wrangler Retail Gas Holdings. Dominion will, over the next three years, contribute all of its non-regulated retail energy marketing operations to Wrangler under the terms of the agreement. Wranger will operate a non-regulated natural gas retail energy marketing business.This post appeared
Read More...Activists from the Providence Democratic Socialists of America and the George Wiley Center protested Nov. 2 in front of Gov. Gina Raimondo’s house. (Credit: Tim Faulkner/ecoRI News) Socialism is evil. It’s the same root political philosophy as Communism, leading to a society in which individual freedoms are stripped away–the very freedoms purchased at a high
Read More...click for larger version A few weeks ago MDN said the Marcellus/Utica produces more than twice as much natural gas as the Permian–33.3 Bcf/d in November for the M-U versus 16 Bcf/d for the Permian (see EIA Oct ’19 Drilling Report: Permian Gas Grows More than M-U). The Permian, an oil play, is a serious
Read More...... … … Shocker! Getting rid of an old wind turbine is proving to be quite an issue and a high expense, showing renewables are neither free nor especially green. In Minnesota, Xcel Energy estimates conservatively that it will cost $532,000 (in 2019 dollars) to decommission each of its wind turbines—a total cost of $71 million to decommission the 134
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 our Democrats spark a fracking boom, Nord Stream 2, natural gas exports and much more last week. The Shale Gas News has grown again; welcome Gem
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) Moxie Energy CEO, Aaron Samson, an innovator, a natural gas leader and a communitarian and marvelous example of human kindness, dies in a tragic accident. This one really hurts. A true titan in our industry and all-around superb individual, Aaron T. Samson, died on Oct. 20 at age 59
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