Ohio oil production totals increase

It grew 17 percent compared to the last quarter of 2018. Horizontal shale wells in the state produced 6.8 million barrels of oil and 685 billion cubic feet of natural gas during the fourth quarter of last year, the Ohio Department of Natural Resources announced Friday. Oil production grew 17 percent compared to the last

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Our time is now

by Tom Westfall WVONGA Board President The folks who make up West Virginia’s oil and natural gas industry are proud of their work. They’re moving West Virginia ahead, and economic numbers we see each year are a source of pride. We face challenges as commodity prices are decreasing. Prices will remain low for the foreseeable

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NESE, Thought Dead, Rises from the Depths of Loch Jersey

Tom ShepstoneShepstone Management Company, Inc. . … If you NESE was dead and all we’d ever see is a corpse on the New Jersey shore, you were wrong. The project is very much alive and again in front of NJ-DEP. NESE lives. Many thought it was dead and had sunk to the bottom of Raritan

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NextEra Energy to sell equity units

NextEra Energy Inc. announced this week it intends to sell $2.5 billion of equity units in the Florida-based electric utility parent, Kallanish Energy reports. Each equity unit will be issued at $50. Each unit will consist of a contract to purchase NextEra Energy common stock in the future and a 5% undivided beneficial ownership interest in a

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LNG demand will double by 2040: Shell

Worldwide liquefied natural gas demand is expected to double by 2040 to 700 million tonnes, according to third party forecasts, Royal Dutch Shell reports in its Fourth Annual LNG Outlook, Kallanish Energy reports. LNG in 2019 rose a robust 12.5%, to 359 million tonnes, Shell stated. “The global LNG market continued to evolve in 2019,

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Canadian Rail System and Premier Threatened by Pipeline Activists

Daniel B. Markind, Esq.Flaster Greenberg PC The Canadian rail system is in chaos thanks to pipeline activists and boy premier who hasn’t got a clue what to do it seems. Is the U.S. a target as well? People in the United States who wonder how far pipeline protests can go, and how disruptive they can be,

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Natural Gas Exports Set to Soar Thanks to Appalachian Shale

Tom ShepstoneShepstone Management Company, Inc. . … Appalachian shale production has been nothing short of phenomenal and has set the stage for natural gas exports to soar via both LNG ships and pipelines. Yesterday, chatting with a pro-gas friend, we both remarked on the fact the solution to low prices is low prices, just as

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Who’s Really Behind the Canadian Railroad Blockades?

Transportation and shipping have been massively disrupted in Canada due to protests that—in an attempt to halt the construction of a natural gas pipeline—are blocking among other things, railroads. Recently, activists against the Teck Frontier’s Coastal Gaslink Pipeline, a proposed project that would ship British Columbian natural gas to an LNG facility on the Pacific

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Sanders, Ocasio-Cortez bill would outlaw fracking by 2025

A bill introduced last week by Sen. Bernie Sanders (I-Vt.) that Rep. Alexandria Ocasio-Cortez (D-N.Y.) helped craft would ban fracking nationwide by 2025, according to its newly unveiled text. The legislation would immediately prevent federal agencies from issuing federal permits for expanded fracking, new fracking, new pipelines, new natural gas or oil export terminals and other gas and oil infrastructure. A House version

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Low natural gas prices cause wave of impairments

As a result of continued low natural gas prices, oil and gas companies have had to recalculate and reduce the value of their assets to reflect the down market, according to ShaleOhio. Last month, Chevron Corp. recorded a $10 billion impairment last month and more than half of it was attributed to assets in the

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Air Quality Is Improving Every Day, So Breathe A Little Easier, Please!

 ... … … Air quality keeps improving and natural gas is a large contributor, along with technology and the ability to innovate that comes with economic growth. Breathe a Little Easier is part of our ongoing effort to explain the role that energy has played in improving human living standards over the past two centuries. This

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Woodside writing-down Western Canada investments

A partner in the proposed Kitimat LNG project on the British Columbia coast said it will record a $720 million after-tax writedown on its investments in Western Canada, Kallanish Energy learns. Australia-based Woodside Petroleum said the charge against 2019 earnings reflects uncertainty in timing of when it will be able to develop its natural gas fields

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Refinery Sale Suggests Philadelphia May Be More Rotten Than Denmark

Tom ShepstoneShepstone Management Company, Inc. . … The Philadelphia refinery sale proposed by the debtor makes no sense and unsecured creditors are calling out what may be some serious corruption. I wrote about the proposed bankruptcy sale of a Philadelphia refinery the other day noting things seemed awfully fishy. But, now the rot is becoming

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Carbon Emissions Flattening Out Globally, Thanks to Our Fracking

Tom ShepstoneShepstone Management Company, Inc. . … Carbon emissions have failed to grow, despite significant growth in the global economy. Natural gas, that is fracking, here in the U.S. was a huge help. The International Energy Agency is out with a new report demonstrating it is the growth in our natural gas use, brought about

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