Saudi Aramco has delayed the planned launch of its initial public offering in hopes pending third-quarter results will raise investor confidence in the world’s largest oil firm, two sources familiar with the matter told Reuters. Aramco had been expected to announce plans this week to float a 1% to 2% stake on the kingdom’s Tadawul
Read More...President Donald Trump is slated to provide keynote remarks tomorrow during the 9th annual SHALE INSIGHT conference, at the David L. Lawrence Convention Center in Pittsburgh, according to the Times Reporter. The conference focuses on policy, innovation and energy outlook. It is jointly hosted by the Ohio Oil and Gas Association, the Marcellus Shale Coalition
Read More...NEW YORK/HOUSTON—UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Oct. 21, as U.S. dealmaking continues to dry up. Mergers and acquisitions activity within the shale business is at its lowest level in a
Read More...The following information is provided by EnergyNet. All inquiries on the following listings should be directed to EnergyNet. Hart Energy is not a brokerage firm and does not endorse or facilitate any transactions. Block T Operating LLC retained EnergyNet for the sale of Alabama assets in Choctaw County through a sealed-bid offering closing Nov. 6. The offer
Read More...To be successful in any industry, a business team needs to react quickly to market changes, client needs, and new opportunities. To meet these demands, companies can’t wait for scheduled commercial flights, unreliable charter, or the restrictions of jet card memberships. Whole aircraft ownership only adds another level of operational complexity and substantially higher costs.
Read More...In the what-have-you-done-for-me-lately world of Permian Basin oil and gas, New Mexico’s Northwest Shelf has, until now, escaped public notice. It is not the Delaware or Midland basins. Nor is it part of the Spraberry-Bone Spring-Wolfcamp triumvirate of 21st century, headline-producing geology. But, welcome anyway to the Northwest Shelf’s Yeso, the slope margin dolomitic and
Read More...Düsseldorf, Germany — Twelve weeks after its acquisition by two private equity groups, Uniloy Inc. has resumed blow molding operations in Magenta, Italy, and officials are rebuilding an independent organization. The 56-year-old Uniloy had been a business unit of Milacron Holdings Corp. for 21 years before being sold for almost $51.9 million to Osgood Capital
Read More...WASHINGTON—The American Petroleum Institute (API) released the below statement in support of reauthorizing the Advanced Research Projects Agency-Energy (ARPA-E), which the House Science, Space, and Technology Committee voted on to the full House on Oct. 17. “We’re pleased to support the reauthorization of ARPA-E, in addition to a substantial funding increase for this flagship program,”
Read More...Last Friday, Oct. 18, was the 100th day since Toby and Derek Rice took over the leadership at EQT, the country’s largest natural gas-producing company. The Rice boys won a proxy fight in July to elect a new board (and themselves) to lead the company (see Rice Bros. Win Proxy War to Control EQT –
Read More...Eureka Resources, which owns and operates a centralized treatment/recycling facility in Bradford County, PA to process Marcellus watewater, is getting a $1.5 million state Redevelopment Assistance Capital Projects grant to help the plant launch a high tech solution to recover lithium from Marcellus wastewater. Yes, lithium, like that used to manufacture rechargeable batteries. This post
Read More...In March 2018 MDN brought you the news that Pittsburgh International Airport (PIT) was exploring the possibility of producing its own electricity (see Pittsburgh Airport Plans NatGas Microgrid to Attract New Business). You may recall that CONSOL Energy (now CNX Resources) previously drilled a bunch of wells on airport property and now produces a boatload
Read More...Sinkhole develops near soccer field (Credit: Del-Chesco United for Pipeline Safety) Another sinkhole developed last Friday near Philadelphia related to underground drilling done to install the Mariner East 2 pipeline. The new sinkhole developed in Middletown Township (Delaware County), in Sleighton Park. Fortunately this latest hole was only about 18 inches in diameter, which is
Read More...NFG’s new CEO David Bauer Last week National Fuel Gas Company’s new CEO David Bauer, who just took the reins of the company from the previous CEO Ronald Tanski in July (see NFG CEO Tanski Retiring in July, Replacement Named), attended a luncheon in Erie, PA. He spoke to a local reporter to answer questions
Read More...Düsseldorf, Germany — The last year has seen big changes in industry commitments on waste and environmental issues. But the plastics sector must continue to demonstrate that its proposed solutions can work. That was one key message from a meeting at K 2019 of the World Plastics Council, a 5-year-old body of more than 40
Read More...Düsseldorf, Germany — A recent restructuring move by BASF SE will help the chemical company attend to customers and improve efficiency, according to Martin Jung, president of performance materials. Launched to enable themes such as cocreation and empowering the future, the “small revolution” involves a decentralization process, which will give business units greater authority over
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