Crude oil prices slipped Wednesday after U.S. crude inventories soared to their highest point in 19 months, as production set a record, Kallanish Energy reports. The declines were somewhat tempered by the intensifying crisis in Venezuela and Washington’s stopping Iranian oil sanction waivers as of Wednesday, with the fall in the global Brent benchmark more
Read More...Oilfield services firm Baker Hughes, a GE company, delivered what chairman and CEO Lorenzo Simonelli called a “solid” first quarter, due to stabilizing global oil and natural gas markets, Kallanish Energy reports. “The U.S. rig count dropped slightly less than expected, and international activity remained steady; the LNG market is very active,” Simonelli said. During
Read More...Ongoing legal and regulatory challenges that have continuously delayed the construction of the Mountain Valley natural gas pipeline now threaten to push its completion date past 2019, according to EQM Midstream Partners LP. When the company started construction in February 2018, it estimated the project would cost about $3.5 billion and be completed by the
Read More...Kurt KnausSpokesmanPennsylvania Energy Infrastructure Alliance … … It doesn’t get better than 1,200 new jobs at the Marcus Hook Industrial Complex, one of the many benefits of projects such as the Mariner East pipelines. Two days ago, members of the Philadelphia Building Trades publicly announced a two-year Project Labor Agreement for work on the Marcus
Read More...Gina SuydamPresidentWyoming County Chamber of Commerce … … Pennsylvania Governor Tom Wolf says he wants to “Restore PA” with a severance tax that will only destroy what the Commonwealth has gained from natural gas. Natural gas is revitalizing Wyoming County. As a lifelong resident of Tunkhannock and now in my role representing the county’s business
Read More...May 1, 2019 Updated 5/1/2019 Email Print By Plastics News Invema Invema reprocesses 2,000 metric tonnes of PET bottles every month in the Honduras. The circular economy will be one of the leading issues at this year’s K 2019 trade fair in Düsseldorf, Germany. Visitors will be greeted by a variety of proposals and solutions
Read More...May 1, 2019 Updated 5/1/2019 Email Print Society of Plastics Engineers Farrey Plastics industry workers are enjoying a strong employment market and it’s showing up in paychecks, according to a new survey. “Capable, willing, attractive candidates are seeing multiple offers. It’s a very competitive market. The competition for talent right now is extremely high. It’s
Read More...May 1, 2019 Updated 5/1/2019 Email Print By Plastics News Messe Düsseldorf GmbH Petra Cullmann met with UAE plastics industry officials in Dubai. The global plastics and rubber industry has averaged annual growth of between 4 and 5 percent since the turn of the millennium, with the Middle East witnessing phenomenal expansion in its polymerization
Read More...May 1, 2019 Updated 5/1/2019 Email Print LyondellBasell Industries Patel Global petrochemicals giant LyondellBasell Industries has reported lower sales and profit for the first quarter of 2019. LBI, which is based in Houston and London, saw first-quarter sales tumble 10 percent to just under $8.8 billion, with profit slumping almost 34 percent to $817 million.
Read More...May 1, 2019 Updated 5/1/2019 Email Print Society of Plastics Engineers Michelle Bockman, HP Inc. global head of 3D printing, left, kicks off a panel discussion on additive manufacturing. (Also pictured, from left to right: John Flynn. Harold Sears and Ravi Kunju.) Detroit — The hype surrounding additive manufacturing is real, but successful implementation requires
Read More...... … … The Institute for Energy Research explains why nuke subsidies in Pennsylvania are a terrible idea and why we should just let the free market work. There are currently bills working their way through the Pennsylvania House of Representatives and Senate that would provide subsidies to help prop-up unprofitable nuclear power plants in the state. Senate
Read More...Bryce Custer, Petrochemical and Energy Specialist, NAI Ohio River Corridor, joined a delegation of leaders to support infrastructure development in the West Virginia panhandle. The group met with C. Edward Gaunch, Cabinet Secretary, Department of Commerce, for the state of West Virginia and Michael R. Graney, Executive Director, West Virginia Development Office, In addition to
Read More...The NAI Ohio River Corridor office has served Harrison and surrounding counties for several years. It is exciting to see these counties once forgotten beginning to thrive with the advent of natural gas and the opportunities this industry brings. MarkWest’s decision to put its processing and fractionation plants there has been the spring board for
Read More...President Trump has been actively promoting energy independence from his first day in office. A key resource for energy independence is the Appalachian Basin which consists of the Marcellus and Utica shale plays which now account for almost 40% of U.S. natural gas production. Section 9 of the Executive Order focuses on the Economic Growth
Read More...Bryce Custer to Speak at 3rd Annual Appalachian Storage Hub Conference His presentation will identify Opportunity Zones in the Appalachian Basin The Appalachian Basin is considered to be the most economical area in the world to produce petrochemicals. Subsequently, global chemical companies are building cracker plants in the region to take advantage of the cheap
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