Economy

Braskem to Take Over Petrochemical Operations at Marcus Hook

Braskem America on Wednesday agreed to take over some of the petrochemical operations at the old Sunoco Marcus Hook Industrial Complex south of Philadelphia with a $56 million infusion and another $15 million in state support that preserves more than 100 jobs and creates at least 28 more.

July 16, 2012

Comment Period for BLM Fracking Rule to Be Extended

At the request of the oil and natural gas industry, the Obama administration will extend the public comment period on proposed Bureau of Land Management (BLM) rules governing hydraulic fracturing (fracking).

June 25, 2012

Deloitte Survey Sees Era of Energy Frugality Emerging in U.S.

U.S. businesses and consumers are becoming more frugal about their energy consumption, even as the economy slowly begins to recover, according to a new survey from the Deloitte Center for Energy Solutions.

May 22, 2012

Pennsylvania Governor: Shale Development ‘Good For Entire State’

Pennsylvania Gov. Tom Corbett said development of the Marcellus Shale was “good for the entire state” but conceded that several challenges lay ahead, in part because natural gas prices remain less than $3/Mcf.

May 16, 2012

Outlook: Northwest Gas Demand to Grow; Power Gen Driver

Even with a continuing slow recovery in the regional economy, natural gas demand is expected to grow steadily at just under 1% annually during the next 10 years, with gas used for power generation expected to lead the growth, according to the 2012 Gas Outlook released Saturday by the Northwest Gas Association (NWGA).

May 15, 2012

Wyoming Passes Water Project for Pavillion

Wyoming state lawmakers last Friday passed legislation to help bring a permanent solution to potential drinking water problems in the Pavillion, WY, area. This is where two U.S. Environmental Protection Agency (EPA) test wells have sparked concerns among residents and environmental activists who are opposed to hydraulic fracturing (fracking).

March 7, 2012

Harvard Study Finds Low NatGas Prices Cut Coal Use, GHG Emissions

While 2009’s recessionary economy was credited for nationwide reductions in greenhouse gas (GHG) emissions, GHG emissions from power generating facilities were on the decline for another reason: greater reliance on natural gas-fueled plants, according to Harvard University researchers.

March 5, 2012

Researchers: Modest Carbon Tax Would Boost Gas, Cut Emissions

While 2009’s recessionary economy was credited for nationwide reductions in greenhouse gas (GHG) emissions, GHG emissions from power generating facilities were on the decline for another reason: greater reliance on natural gas-fueled plants, according to Harvard University researchers.

February 29, 2012

Midstream Buildout Promises $511B Bonanza, INGAA Study Says

An unprecedented midstream infrastructure building boom offers the potential for tens of thousands of jobs and a $511 billion cumulative boost to the U.S. economy during the next 23 years, according to the Interstate Natural Gas Association of America (INGAA). The infrastructure is necessary to deliver domestic natural gas, liquids and crude oil from domestic shale plays.

February 21, 2012

Midstream Buildout Promises $511B Bonanza, Says INGAA

An unprecedented midstream infrastructure building boom offers the potential for tens of thousands of jobs and a $511 billion cumulative boost to the U.S. economy during the next 23 years, according to the Interstate Natural Gas Association of America (INGAA). The infrastructure is necessary to deliver domestic natural gas, liquids and crude oil from domestic shale plays.

February 20, 2012