Tom ShepstoneShepstone Management Company, Inc. President Donald Trump delivered some great news to pipeliners yesterday with his pipeline executive order, Andrew Cuomo says it’s overreach, so it’s good! The Trump pipeline executive order is here! And, Andrew Cuomo, the king of overreachers, says it’s “gross overreach.” We don’t need to know a lot more,
Read More...Pipeline construction within the Appalachian Basin has spurred economic activity in recent years, according to a study by Energy In Depth. Pipeline construction projects have created $32.6 billion of investments and more than 124,000 jobs as companies build more than 3,500 miles of pipelines in parts of Ohio, Pennsylvania and West Virginia, according to the
Read More...Anti-fossil fuel activists have been spinning a tale for months that oil and gas companies can spew “toxic air pollution” into the air for three months without consequence. The short answer is no: the claim only takes into consideration “permitting” and does not account for Colorado regulations. For example, truth is, there is no “loophole”
Read More...There’s a myth circulating throughout the Marcellus, Utica and Ohio River Valley that there is a shortage of properties for development. The prolonging of this myth is danger to the entire Appalachian Basin. Royal Dutch Shell is building a $6 billion cracker plant in Monaca, Pennsylvania. PTTGC America and Daelim are about to make their
Read More...Energy production in the United States and abroad is changing rapidly. It wasn’t long ago that coal-fired plants accounted for more than 50 percent of the electricity in the United States. By 2017, plant retirements had reduced that share to just a little over 30 percent. Predictions are that coal will fall to 15 percent
Read More...Tom ShepstoneShepstone Management Company, Inc. I had an opportunity a few minutes ago to speak to Pipeliners Union 798 at their annual Steward School in Tulsa, Oklahoma. Here’s what I told them. When Guy Williams asked me if I would come to speak with you, I jumped at the chance. I met Guy and
Read More...President Vladimir Putin said on April 9 that Russia and OPEC should discuss the future of their oil output-cutting deal later this year, adding that current oil prices suited Moscow. OPEC and other large oil producers led by Russia agreed to reduce their combined output by 1.2 million barrels per day (MMbbl/d) from Jan. 1 this year for six months in an attempt to
Read More...Canada-based PetroTal said April 9 initial logs from an oil development well drilled in Peru’s Bretaña oil field indicate a total gross oil column of 24 m with estimated net oil pay of 18.7 m. “The well logs provide an early indication that the reservoir is as we expected, with good oil shows in the
Read More...Milestone Environmental Services, an industry leader in oilfield waste disposal services, said April 9 that the Railroad Commission of Texas has approved the company’s second RCRA-exempt oilfield waste landfill permit in the Permian Basin. Development plans for the 7.8 million cubic yard landfill south of Midland, Texas, are in progress. Located 34 miles south of
Read More...The operator of the Mariner heavy oil field, one of Britain’s largest offshore developments in years, postponed its startup to summer 2019 on April 10 for safety checks on the platform’s electrical couplings. Originally due to come on stream in 2017 and with an estimated 300 million barrels of recoverable reserves, the 4.5 billion pound
Read More...Weir Oil & Gas announced the signing of a memorandum of understanding with Azerbaijan State Oil and Industry University (ASOIU), a non-profit public higher education institution founded in 1920 on April 9. The agreement will result in the company sharing their oil and gas expertise with ASOUI via workshops, seminars, joint projects and internship programs
Read More...Tom ShepstoneShepstone Management Company, Inc. New Jersey must not follow New York in stopping pipelines to secure the rewards of green political correctness. It will only yield higher energy prices. NJ Spotlight, a news blog normally given to anti-gas drivel from the likes of the Delaware Riverkeeper and Jumpin’ Jeff Tittel at the Sierra
Read More...Orders for Saudi Aramco’s debut international bonds topped $100 billion, a strong vote of market confidence for the world’s largest oil company, Kallanish Energy reports. State-owned Aramco raised roughly $12 billion from the deal, which was to be priced late Tuesday and is seen as a gauge of potential investor interest in the Saudi company’s eventual initial
Read More...Crude oil prices fell Tuesday from five-month highs as Russian comments signaled the possible easing of the Opec+ supply-cutting deal overcame concern violence in Libya could tighten global markets, Kallanish Energy reports. A U.S. threat to place tariffs on hundreds of European goods and a downgrade by the International Monetary Fund in its global economic
Read More...President Trump today will sign an executive order designed to prevent states from blocking pipelines and other energy infrastructure by using authority they feel is afforded them under the federal Clean Water Act, Kallanish Energy reports. Under Section 401 of the Clean Water Act, companies must obtain certifications from a state before they can build federally-approved
Read More...