The world’s largest oilfield services company surpassed Wall Street expectations on third-quarter revenue, but took a huge hit on the bottom line due to pretax charges, Kallanish Energy reports. Schlumberger reported an $11.4 billion loss on $8.54 billion of revenue during the quarter, a loss per share of $8.22 for common stockholders. One year ago,
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. The Guardian Plays Word Games There is no deceit so great as self-deceit. The Guardian, which I wrote
Read More...Daniel B. Markind, Esq.Flaster Greenberg PC PG&E California blackouts, intentional, tell us so much about what is wrong with that state’s energy policies and those planned for us by anti-gas folks. Pacific Gas and Electric provided its customers in northern California with a glimpse of the future last week. Due to extremely dry conditions coupled with the
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) ExxonMobil is looking to do a cracker in Western Pennsylvania or environs and it could be in the same vicinity as Shell’s. Pennsylvania is still rising! Leave it to ace reporter Paul Gough from the Pittsburgh Business Times to unearth some earth-shattering news–that ExxonMobil is actively looking at locations in Beaver
Read More...The share of U.S. total utility-scale power generation from natural gas-fired power plants will rise from 34% in 2018, to 37% in 2019 and 2020, the Energy Information Administration forecasts in its October Short-Term Energy Outlook (STEO). EIA/STEO forecasts the share of U.S. electric generation from coal will average 25% in 2019, and 22% in 2020, down from
Read More...The Henry Hub natural gas spot price averaged $2.56 per million British thermal units (MMBtu) in September, up 34 cents/MMBtu from August, the first monthly price increase since March, the Energy Information Administration reports in the just-released Short-Term Energy Outlook (STEO). EIA/STEO forecasts Henry Hub prices to average $2.43/MMBtu in the fourth quarter of 2019,
Read More...Rick HidukManaging Editor of EndlessMtnLifestyles.com … … Northeastern Pennsylvania students who attended the recent Think About Energy in Hazleton received an eye-opening description of gas industry opportunities. More than 120 guests were packed into the banquet room at the Valley Country Club in Sugarloaf, Luzerne County, on Oct. 2 for the Think About Energy Briefing
Read More...Jim WillisEditor & Publisher, Marcellus Drilling News (MDN) PennEast Pipeline is working its way through the usual morass of enviro lawsuits and the courts are treating it fairly, which is annoying the PovertyKeeper. It’s hard to keep track of the multiple lawsuits filed against every single new natural gas pipeline project in the Marcellus/Utica. But we try!
Read More...The U.S. Supreme Court has agreed to hear Dominion Energy’s Inc.’s case to earn a key permit that would let the company’s proposed Atlantic Coast Pipeline cross under the Appalachian Trail, according to Bloomberg. The Supreme Court has agreed to rule on this permit, following a federal appeals court’s decision to throw out the permit,
Read More...Enterprise Products Partners has announced it has long-term agreements that support additional expansion of the Midland to Echo crude oil pipeline system. The midstreaming giant will build a pipeline that connects the partnership’s 6-million-barrel (Mmbbl) Midland, Texas, storage facility to its Echo Terminal through its Eagle Ford system in South Texas. This line will have
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...Bill desRosiersExternal Affairs Coordinator, Cabot Oil & Gas … … The Shale Gas News, heard every Saturday at 10 AM on 94.3 FM, 1510 AM and Sundays on YesFM, talked about property taxes, National Grid, Wolf’s climate plan and much more last week. The Shale Gas News has grown again; welcome Gem 104 as our FOURTH station!
Read More...The number of rigs working onshore in the Lower 48 U.S. states last week maintained its downward stride, falling for the 14th straight week, and the 24th of the last 26 weeks, Kallanish Energy calculates. For the week ended Oct. 4, 823 rigs were working, down six rigs from the previous week, according to Baker
Read More...Tom ShepstoneShepstone Management Company, Inc. … … Natural Gas NOW readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. As usual, emphasis is added. Disingenuous Daylin Leach Proposes PA Fracking Ban I’ve met Senator Pennsylvania Senator Daylin Leach. Indeed, I have testified
Read More...Pennsylvania Gov. Tom Wolf’s administration is working to bring the state into a regional consortium of states that sets a price and caps on greenhouse gas emissions from power plants, part of the Democrat’s agenda to fight climate change, Kallanish Energy reports. Wolf made a formal announcement Thursday that he’s ordering a start to the
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