A dozen additional companies are joining a high-profile consortium trying to find ways to combat environmental problems caused by plastics. The Alliance to End Plastic Waste, launched with fanfare earlier this year with its $1.5 billion goal to help the cause, began with 27 founding members. New members of the alliance include Novolex Holdings Inc.,
Read More...LONDON—Three Iranian vessels tried to block a British-owned tanker passing through the Strait of Hormuz, but backed off when confronted by a Royal Navy warship, Britain said on July 11. Exactly a week after Britain seized an Iranian tanker accused of violating sanctions on Syria, London said the British Heritage tanker operated by oil company
Read More...An affiliate of a private equity and investment firm based in Plymouth, Mich., has purchased two injection molding supply firms based in Brighton, Mich. AIC Acquisition Company LLC, an affiliate of Stratford-Cambridge Group, acquired Plasti-Co Equipment Co. and AIC Equipment & Controls Inc., according to a news release. The transaction closed June 28. Plasti-Co, a
Read More...An affiliate of a private equity and investment firm based in Plymouth, Mich., has purchased two auxiliary equipment firms based in Brighton, Mich. AIC Acquisition Company LLC, an affiliate of Stratford-Cambridge Group, acquired Plasti-Co Equipment Co. and AIC Equipment & Controls Inc., according to a news release. The transaction closed June 28. Plasti-Co, a maker
Read More...West Texas Intermediate (WTI) closed above $60 on July 10 after the U.S. Energy Information Administration (EIA) reported an inventory draw that was much higher than expected, and the National Hurricane Center gave a nearly 100% chance of a major storm developing in the northeastern Gulf of Mexico by July 11. Ethane’s Mont Belvieu price
Read More...The American Chemistry Council proposed a fee on takeout containers during a hearing in the California Senate, one of a series of environmental actions being considered in the state, which is also looking at recycled content requirements for PET bottles. A bill in California could levy a fee on all packaging. Pretium Packaging LLC wants to acquire
Read More...Launched by the Ellen MacArthur Foundation and UN Environment in October 2018, the New Plastics Economy Global Commitment is an initiative aimed at addressing the plastic waste and pollution crisis at its source and keeping plastics within the economy. It has been signed by over 400 companies and organisations, one of the recent of which
Read More...A.P. Moller Holding AS, which controls Danish shipping giant A.P. Moller-Maersk AS, will acquire Danish wind turbine supplier KK Group AS, it said on July 10, in a first step into the renewable energy industry. The acquisition marks a new direction for the family-owned company, which has built its business on the shipping and oil
Read More...U.S. LNG developer Tellurian Inc. said on July that units of French oil major Total SA have agreed to buy LNG from the U.S. company’s proposed $30 billion Driftwood export project in Louisiana. Total will buy one million tonnes per annum (mtpa) of LNG from Driftwood and invest $500 million in Driftwood Holdings LP, it said in a statement. Total will also buy an additional 1.5 mtpa of LNG from Tellurian’s offtake volumes from Driftwood. The
Read More...A year after record-breaking numbers for Radici Group, a slowdown fueled by U.S.-China tariff battles could lead the company to a different outlook by the end of the year. With consolidated sales revenue of €1.2 million ($1.3 million) up 6 percent over 2017, and a net income which surged 19 percent to €97 million ($109 million), 2018 was
Read More...Meritage Midstream Services II LLC announced on July 10 that its subsidiary, Thunder Creek NGL Pipeline LLC, has extended the binding open season to secure volume dedications to support the proposed construction and development on its NGL pipeline within the Powder River Basin. The project will facilitate transportation of NGL from two processing plants located in
Read More...McDermott International Inc. has been awarded a sizeable contract by Qatar Petroleum on July 11 to carry out FEED work for offshore wellhead platforms, pipelines and cables associated with the North Field Expansion project. The scope includes the design of four offshore trunk lines with intra-field pipelines, eight wellhead platforms and power and fiber optic
Read More...Ron StametsVice-President, Upper Delaware River Basin Citizens (UDRBC)“More Than A River” … … Representative Ullman, who lives way downriver, speculates fracking is a threat to the Delaware and is determined to make landowners pay for her speculation. On May 29, 2019, Representative Wendy Ullman wrote an opinion piece that pretty much parroted the misleading talking
Read More...British shale gas company Cuadrilla said on July 11 it would restart fracking at its Preston New Road site in Britain in the third quarter of 2019. The company repeatedly stopped operations last year at the site in Lancashire because of minor seismic events. British regulations demand work be suspended if seismic activity of magnitude
Read More...Madison WeaverCabot Oil & GasExternal Affairs Intern, Pittsburgh … … Gas drilling today is a story of innovation and companies such as Cabot Oil and Gas have been growing their expertise every day for many years now. “It has been such an amazing journey to watch this program develop and to be proud of what
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