Energy Companies | Energy Services | Ethane | Industrywide Issues | PTT Global | Range Resources Corp
Range Signs Deal to be Main Ethane Supplier for PTT Ohio Cracker
Earlier this week we brought you a post exploring whether or not PTT Global Chemical will, in the end, actually build a $10 billion ethane cracker plant in Belmont County, Ohio (see Is PTT Going to Build a Cracker in Belmont County, OH…or Not?). Yesterday gave us one more strong signal for the “yes they will build it” column.
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On Tuesday Equitrans Midstream sent the Federal Energy Regulatory Commission (FERC) an official letter (called a filing) politely requesting FERC get off its collective rear end and grant permission to resume construction activities for Mountain Valley Pipeline (MVP) so they can complete certain kinds of work before winter sets in. Equitrans requested an order allowing work to resume no later than…tomorrow!
S&P Global analysts have been looking at natural gas production numbers for Pennsylvania. The most recently available data is from June (numbers are always delayed a few months). S&P found that shale gas production in PA dropped 2% in June from May, to 18.48 Bcf/d. June’s numbers were essentially flat to the same time in 2019.
Analysts at S&P Global are making a bold prediction: It will take a full ten years for the world to recover from the coronavirus and begin growing its demand for natural gas once again. Something about the prediction just seems “off” to us.
Each quarter the Dallas Federal Reserve conducts a survey of 150-200 oil and gas firms located or headquartered in the Eleventh District–Texas, southern New Mexico, and northern Louisiana. The energy company executives surveyed run companies that operate regionally, nationally, and some even internationally. The Dallas Fed released its latest quarterly Energy Survey results yesterday. We have a full copy below.
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 on Sunday! In the video Bieber plays the part of an oilfield worker who gets laid off. It’s poignant. Frankly, it brought tears to our eyes.
MARCELLUS/UTICA REGION: PUC orders Sunoco Pipeline to conduct public education & awareness meeting in Cumberland County; Boilermakers, CNX share stage to back fracking, pipelines and Trump; Energy secretary sees region’s plastics industry as critical; Trump slams Biden on fracking and trade at Pennsylvania rally; OTHER U.S. REGIONS: California should ban oilfield fracturing by 2024 and move to zero-emission vehicles by 2035, says Newsom; Can gas-fired power plants coexist with a net-zero target? Yes, Southern Company insists; NATIONAL: U.S. fracking services won’t recover to pre-pandemic levels until 2025; So, we’re back to “peak oil” again; Natural gas market deficit over winter may exceed 5 Bcf/d this coming cold season; INTERNATIONAL: OPEC+ agreement to reduce production contributes to global oil market rebalancing.