Industry News

European beverage giant eyes 100% sustainable plastic bottles by 2030

Suntory Beverage Food Europe (SBFE) has sets out a roadmap to use fully recycled or plant-based materials across the entire portfolio of products by 2030. The plan, unveiled Sept. 12, will see the beverage maker fully moving away from fossil fuel-based virgin plastic, through using existing mechanical recycling processes as well as new technologies. The producer of

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PennEast Pipeline Decision Totally Obscures the Point

Tom ShepstoneNatural Gas NOW … …  There is nothing so maddening as a bad court decision, one that totally ignores the point of it all and creates chaos as a recent PennEast decision does. I get a lot of my business from lawyers but there are times I have Shakespearian dreams of eradicating the species.

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Prices fall after larger-than-expected drop in crude inventories

U.S. crude oil prices fell Wednesday after a sharp drop in U.S. crude stocks and Opec member Iraq said the cartel would discuss deepening output cuts amid ongoing demand concerns. Brent crude fell 0.19%, to $62.26 a barrel, while U.S. West Texas Intermediate crude dropped 0.61%, to $57.05/Bbl, Kallanish Energy reports. Oil prices have risen more than 7%

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US crude oil inventories drop more than expected

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 6.91 million barrels (Mmbbl) during the week ended Sept. 6, from the previous week, the Energy Information Administration reported. The American Petroleum Institute had U.S. crude inventories down 7.2 Mmbbl in the week ended Sept. 6, to 421.9 Mmbbl, compared with analysts’

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US producible gas volume jumps in latest biennial survey

Energy industry experts who comprise the Potential Gas Committee announced Wednesday the volume of producible natural gas in the U.S. has jumped roughly 20% since their last assessment two years ago. The increase of 557 trillion cubic feet (Tcf) reported by the Pgc is the highest assessment in its 54-year history. The organization estimates total

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New Report Finds Record-Breaking U.S. Natural Gas Reserves

The amount of recoverable natural gas in the United States has reached its highest-ever recorded level, according to an announcement today by the Potential Gas Committee and the American Gas Association. The PGC’s biennial assessment of recoverable natural gas measured a resource base of 3,374 trillion cubic feet (Tcf), which is a 20 percent or

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Container-on Barge Along the Ohio River May Become Feasible

Land along the Ohio River has become a hot commodity. We are seeing a considerable amount of activity for properties and terminals along the river with existing barge cells and loading docks. Historically in Eastern Ohio / West Virginia Panhandle Terminals we see aggregates, steel, agriculture, coal and petrochemical movement. Perhaps the time has come

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Seventh Annual Utica Summit Coming Next Month 

Shale Directories and the Canton Regional Chamber of Commerce will be producing their 7th Annual Utica Summit on October 10th at Walsh University in North Canton, Ohio. The year’s conference will feature the following speakers: Shell Cracker Plant Update | Michael Marr, Senior Communications Leader Oil and Gas Infrastructure in the Appalachian Basin | Charles

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Twin Towers Attack Brought Us Together. Why Are We So Far Apart?

Victor FurmanUpstate New York Landowner, Shale Gas Activist …. ….   The 9/11 attack on the Twin Towers 18 years ago brought us together but now we’re as far apart as ever. Let’s rally around the energy security we now have. I was sitting in the cafeteria having breakfast with others at work when shortly

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Can Oil, Gas Survive Without Drastic Change?

his often provocative comments are well thought out. And, it won’t hurt his feelings if you disagree. I’ve known Bryce since 2002 when he wrote “Pipe Dreams, Greed, Ego and the Death of Enron.” A native of Tulsa, Okla., he has written several other energy books including “Power Hungry, The Myths of ‘Green’ Energy and

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FERC Vote on Constitution Pipeline Tells Us Something

Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) The unanimous FERC vote on the Constitution Pipeline tells us the agency has chosen to take over from Andrew Cuomo. Is it what he wanted? Or, are they angry? Just prior to taking a long Labor Day holiday weekend, MDN brought you news that the Federal Energy Regulatory Commission

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EQT simplifying organization, cutting 23% of workforce

EQT Corp. said Tuesday it’s cutting its workforce by 23% — 196 positions – and chopping departments to 15 from 58 – all designed to improve operational effectiveness, and create a more efficient, nimbler organization. The workforce reduction will save roughly $50 million in general and administrative expenses annually, Kallanish Energy reports. All actions announced

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