District of Columbia Attorney General Karl Racine’s investigation of ExxonMobil over climate change has opened the door to hedge funds and other monied interests to directly profit from the #ExxonKnew campaign. Last week, Racine went public with his plans to begin a formal inquiry into the energy company’s business practices. Racine is not the first
Read More...Early on in the March 20 lease sale for blocks in the U.S. Gulf of Mexico (GoM), it was apparent that Royal Dutch Shell Plc would be among the most dominant players vying to land winning bids on some of the more than 14,600 blocks offered. The Netherlands-headquartered company placed multiple bids, mostly unchallenged, in
Read More...DALLAS—For one Rice brother, the growing activist feud between EQT Corp. has been uncomfortable. Unlike his brothers Toby and Derek, former Rice Energy CEO Daniel Rice joined the EQT board following closing of his company’s merger with EQT in November 2017. And, as far as EQT is concerned, Daniel has largely been cut off, professionally,
Read More...This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. Last December a federal judge in New Jersey upheld eminent domain power for PennEast Pipeline for ALL of NJ, where there are 136 holdout landowners who have refused to allow PennEast surveyors
Read More...This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. Washington County, PA Airport (click for larger version) In 2013 CONSOL Energy (now CNX Resources) signed a deal with the Pittsburgh International Airport and Allegheny County to lease 9,000 acres surrounding the
Read More...This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. China’s Chairman Mao – patron saint of antis Yesterday was a sad day in Harrisburg, PA. A group of virulent anti-fossil fuelers (maybe 200 or so) attended a staged rally where several
Read More...This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. click for larger version Equitrans’ 300-mile Mountain Valley Pipeline (MVP) from West Virginia to southern Virginia is now 70% done (see Shocker: Mountain Valley Pipeline Now 70% Built, Online by 4Q19). Last
Read More...This article is provided FREE for Google searchers. In order to access all content on Marcellus Drilling News, please visit our Subscribe page. The company we call MarkWest Energy is technically MPLX, renamed after MarkWest was bought out and merged into Marathon Petroleum in December 2015 (see Golden Parachutes Pop Open for MarkWest Top Management/Board).
Read More...Honorees of the 2019 Oil and gas Investor 25 Influential Women in Energy on stage at the Hilton Americas in Houston. (Source: Hart Energy) Jeff Share has been reporting on the energy industry for over 25 years and among my biggest disappointments has been the dearth of women in upper management roles. When he wrote
Read More...Tom ShepstoneShepstone Management Company, Inc. Thanks to Rep. Jonathan Fritz, the PA House Environmental Resources and Energy Committee is now also considering the DRBC Eminent Domain Activity Act. As we told our readers last month, Senator Lisa Baker’s DRBC takings bill, has been reintroduced as SB 305, the “Delaware River Basin Commission Eminent Domain
Read More...This Thursday, the European Parliament’s (EP) Committee on Petitions and Committee on the Environment, Public Health and Food Safety will hold a joint hearing on “Climate Change Denial,” specifically focusing on ExxonMobil and the #ExxonKnew campaign. The hearing was scheduled as a result of a petition submitted to the EP by Food & Water Watch Europe, the
Read More...In the Permian Basin of Texas and New Mexico, the racing heart of the U.S. shale oil boom, there is generally not too much soul-searching about the implications for the climate of their production. The availability of truck drivers and pipeline capacity for transporting the oil to market are much more pressing concerns. Occidental Petroleum
Read More...Crude oil prices were little changed Tuesday after hitting 2019 highs earlier in the day, maintaining strength on expectations Opec+ will continue its production cuts. U.S. oil prices have risen 9% in the last six weeks, as the Opec+ supply cuts are now expected to continue through the rest of 2019. Opec+ representatives this week
Read More...The Trump administration is granting Iraq a renewed 90-day waiver, exempting it from U.S. sanctions on Iran, a State Department official told CNBC Tuesday. The waiver, last issued in December and expired Tuesday, will allow Iraq to continue buying electricity from its neighbor, Kallanish Energy reports. “While this waiver is intended to help Iraq mitigate
Read More...Midstreamer Tallgrass Energy this week announced the promotion of chief operating officer Bill Moler to president, effective immediately. The Kansas-based company said David G. Dehaemers Jr. remains CEO and Moler will retain his current COO title, Kallanish Energy reports. “I’m delighted to announce Bill’s ascent to President, a move that recognizes his increasingly vital role
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