A new court filing in the lawsuit against Maryland Attorney General Brian Frosh seeks to further pull back the curtain on the Michael Bloomberg-backed State Energy and Environmental Impact Center (SEEIC) at the NYU School of Law, and the program’s continued efforts to place privately-funded attorneys focused on climate change and prosecuting energy producers in
Read More...A recent Wall Street Journal article packed with scary imagery around methane emissions from the U.S. oil and natural gas industry relied on misleading data and biased sources to highlight an issue producers have well in hand. While the piece highlights some important, voluntary industry initiatives underway to further reduce emissions the result is an
Read More...Southwestern Energy Co. recently announced it plans to reduce its rig count from six to two in coming weeks as part of a larger initiative to reduce spending and better control costs, according to Natural Gas Intelligence. The company also trimmed its full-year capital budget, saying spending would not eclipse $1.15 billion in 2019 —
Read More...courtesy of Qatar Petroleum. Thanks to Tom Gellrich from Topline Analytics for bringing this to my attention. “With a capacity of 2 million tonnes per annum, this would be the largest cracker in the world. Location and FID are yet to be determined. The Shell Polymer Complex is projected to produce 1.5 tonnes per annum.”
Read More...courtesy WV News, by Charles Young, staff writer WHITE SULPHUR SPRINGS — Steven Winberg, the U.S. Department of Energy’s assistant secretary for fossil fuels, says a renaissance is coming to the Appalachian region. “I would say that the “renaissance” is not coming, it is here now,” said Bryce Custer, principal of NAI Ohio River Corridor.
Read More...courtesy Shawn Langlois, MSN MarketWatch “The old adage continues to be true ‘There is no bad time to buy good real estate,’” said Bryce Custer, principal of NAI Ohio River Corridor. “Julie Shaffer, our officer manager shared the following article with me. Shawn Langlois for Market Watch notes that the “deep-pocket investors are continuing to
Read More...courtesy The Intelligencer / Wheeling News Registry by Robert A. DeFrank WOODSFIELD — The plan to store natural gas liquids in underground salt caverns along the Ohio River, about 12 miles south of a proposed ethane cracker plant in the Dilles Bottom area of Shadyside, may soon become a reality. David Hooker, president of Mountaineer
Read More...SINGAPORE/BEIJING—China imported Iranian crude oil in July for the second month since a U.S. sanctions waiver ended, according to research from three data firms, with one estimate showing some oil entered tanks holding the country’s strategic reserves. According to the firms, which track tanker movements, between 4.4 million and 11 million barrels of Iranian crude
Read More...Traverse City, Mich. — Auto companies will have to offer broader learning experiences and flexible work schedules to attract and keep their employees, argues a top executive at Japanese supplier Denso. For some businesses, that will mean radical change. “We have to be a different place to work, especially to engage our younger associates,” Kara
Read More...Zack Obermeyer’s father is a mechanical engineer who focused on vehicle design at General Motors Co. and Delphi Corp. most of his professional career and guided him into engineering, Obermeyer said. His father now works at the University of Dayton, where he teaches engineering design and project management courses. Obermeyer, 29, graduated with a bachelor’s
Read More...Grand Prix has commenced full operations, consistently flowing between 150,000 to 170,000 barrels per day (bbl/d) to Mont Belvieu, Targa Resources Corp. announced Aug. 8. The expectation is for volumes to increase to approximately 200,000 bbl/d in September, then further increase over the balance of 2019 as short-term third party transportation arrangements continue to roll
Read More...Airlite Plastics Co. has made its second acquisition in five months, this time purchasing insulated packaging maker Providence Packaging Inc., dba Kodiakooler, for an undisclosed price. In an Aug. 3 news release, officials with Omaha, Neb.-based Airlite said that acquiring Kodiakooler expands their firm’s industry presence and product line offering of sustainable and innovative packaging
Read More...U.S.-based Talos Energy has found more oil at two deepwater prospects in the U.S. Gulf of Mexico, the company said Aug. 7. At the Bulleit prospect, the company said a well encountered about 110 ft of net true vertical depth (TVD) oil pay in the MP Sand. The company also hit about 140 ft of
Read More...U.S. oil major Exxon Mobil Corp. has hired investment bank Jefferies to sell the stakes it holds in oil and gas fields off the Norwegian coast, which could fetch up to $4 billion, banking sources said. Exxon Mobil said in June that it was looking to test market interest for its Norwegian upstream portfolio, which
Read More...Marathon Oil Corp. reported a 50% jump in quarterly adjusted profit on Aug. 7, as higher U.S. shale output countered lower realized crude prices and production costs fell. The company, like many other U.S. oil producers, is extracting more crude from its wells in the prolific shale basins against the backdrop of pressure to cut
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