Rystad Energy says worldwide the oil and gas industry has lost some 400,000 jobs in 2020. About half of those, says Rystad, are jobs lost in the U.S. Reuters is quoting Secretary of Energy Dan Brouillette as saying U.S. oil production will likely not return to its pre-pandemic peak of 13 million barrels of production
Read More...ReImagine Appalachia’s plan to revitalize the Ohio River Valley could bring nearly half a million jobs to Ohio and Pennsylvania over the next decade, according to Farm and Dairy. The potential jobs include more than 87,000 jobs in agriculture and land restoration and 233,000 in clean energy. However, the plan hinges on billions of dollars
Read More...click for larger version Consulting powerhouse Deloitte has just released a sobering new study called, “The future of work in oil, gas and chemicals” (full copy below). The study says the U.S. oil, natural gas, and chemicals (OG&C) industry slashed 107,000 jobs from March to August 2020, the fastest rate of layoffs in the industry’s
Read More...Bet you never thought you’d read about (or watch) a Justin Bieber video on MDN. We never thought we would write about or feature Bieber’s music. But then we watched a video of his newest song called Holy, a video that’s been watched (so far) over 32 million times since it was released to Youtube
Read More...Garland L. Thompson, Esq.Journalist and Author, Philadelphia Garland Thompson carefully explains the opportunities created by natural gas, plastics makers and the Mariner East despite usual suspect opposition. A Delaware Business Now story on Glasgow-based Polymer Technologies raises interesting implications. If i were to hazard a guess, I’d say Polymer Technologies gets its propylene, polypropylene and
Read More...Presidential hopeful Joe Biden made a statement at this week’s Democratic presidential debate that shows just how out-of-touch the former vice president is with the oil and natural gas workers that have transformed his home state of Pennsylvania into an energy powerhouse and helped achieve record U.S. energy security. Taking a line from fellow candidate,
Read More...Gulfport Energy, one of the biggest drillers in the Ohio Utica Shale (210,000 acres), concentrates its drilling in the Ohio Utica and the Oklahoma SCOOP plays. A few weeks ago the company announced they are shopping some of their non-operated assets in the Ohio Utica (see Gulfport 3Q – Looking to Sell Non-Operated Utica Assets).
Read More...Drilling is great for local counties when it arrives. Especially for the “supply chain” in those counties–companies that sell goods and services to drilling companies. Everything from retail to convenience stores to restaurants to hotels to trucking companies and more. But what about businesses in nearby counties without any drilling activity? Is there any way
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. How NOT to Influence People and Win Friends This may be the tipping point for over-the-top, jump-the-shark, wolf crying by those trying
Read More...Did you know that building just two new compressor stations in Pennsylvania will bring the state an extra $100 million in economic activity and support 680 direct, indirect and induced jobs? We sure didn’t! Last week Williams filed a newly published study with the Federal Energy Regulatory Commission on the economic impact of their proposed
Read More...Kelsey MulacCabot Oil & GasExternal Affairs, Pittsburgh … … Energize PA is a proposal to move the Commonwealth to still higher ground in the competition for life-fulfilling jobs and truly sustainable communities. Cabot Oil & Gas Corporation, the Pennsylvania Manufacturers’ Association, the Northeast PA Manufacturers & Employers Association and the Greater Hazleton Chamber of Commerce
Read More...Artist rendering of Guernsey Power Plant (click for larger version) Construction on what we believe to be the country’s largest natural gas-fired electric plant, the Guernsey Power Station (being built in Guernsey County, Ohio), is set to begin “immediately” according to the company hired to do the engineering, procurement and construction activities (EPC). Last week
Read More...Credit: Erie Times-News (click for larger version) The Risberg Line, a 60-mile pipeline from Crawford County, PA to Erie County, PA, and from there across the border into Ashtabula County, OH, began construction in February (see Construction Begins on “Massive” PA to OH Risberg Pipeline). As the project nears completion, Ashtabula is already seeing the
Read More...The shale industry alone drove 10 percent of the growth in the U.S. economy’s gross domestic product from 2010 to 2015, according to a new study by the Federal Reserve Bank of Dallas showing how oil and natural gas deliver wins for the larger economy. During the same years, crude oil production jumped from 5.5
Read More...CNX Resources has just laid off (i.e. fired) roughly 50 employees company-wide, most of them at company headquarters in Canonsburg. But not all. We heard from an MDN trust source who said at least nine workers got their walking papers in West Virginia. Given the company employs about 500 people, 50 fired represents 10% of
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