Thursday, November 28, 2024

Trump Says War on Energy will Cost U.S. Economy $5 Trillion

From the Pittsburgh Business Times Republican presidential candidate Donald Trump promised to lift regulations and boost the coal, natural gas and steel industries during a speech Thursday in downtown Pittsburgh. Trump appeared at the end of the two-day Shale Insight Conference, sponsored by the Marcellus Shale Coalition as well as the West Virginia Oil and Natural Gas Association and the Ohio Oil and Gas Association, and held

Big Law Firms to Merge in Western Canada

From the American Lawyer  Two of Canada’s largest provincial law firms announced their intention to merge on Wednesday. The union, the latest in a series of combinations between firms up north, will create one of the largest full-service firms in western Canada. The proposed tie-up between Winnipeg-based Aikins, MacAulay & Thorvaldson and Regina-based MacPherson Leslie & Tyerman (MLT)—the largest firms in Manitoba

Houston’s Gulf Island Fabrication Steers its Offshore Platform Business to Wind Industry

From Bloomberg Gulf Island Fabrication Inc. has for decades built hulking platforms to extract oil and natural gas from the seabed. With the collapse of offshore drilling, the company has turned to helping harvest another energy resource: wind. Gulf Island built all five turbine foundations for the first U.S. offshore wind farm, which is expected to go into service in November.

Maersk Hot to Separate Energy from Shipping Business with Spinoff, Sale

From Reuters The world’s biggest shipping firm, A.P. Moller-Maersk, set a new course on Thursday that will see the $30 billion firm bulk up its transport business while seeking alliances or a separate listing for its energy operations. Low freight rates and oversupply have rocked the container shipping sector, with South Korea’s Hanjin Shipping Co Ltd forced into receivership last

Two Lawmakers Unveil Bipartisan Bill to Reduce Excise Tax on NatGas-Fueled 18-Wheelers

From The Hill A bipartisan pair of lawmakers are seeking to level the playing field when it comes to how alternative fuel trucks are taxed, with the hope of getting more green vehicles on U.S. roads. Rep. Tim Ryan (D-Ohio) and Sen. Bill Cassidy (R-La.) unveiled legislation Wednesday that would partially exclude alternative fuel trucks from the excise tax imposed