Philly Shipyard ASA entered into a share purchase agreement with both Hanwha Systems and Hanwha Ocean to sell the business. The transaction will result in the company selling all of its business a...
Read More
The Pennsylvania Public Utility Commission (PUC) reported that the state’s tax on natural gas production generated $179.6 million in 2023. Over the past 13 years, it has generated more than $2.7 ...
Read More
A new policy roadmap designed to secure America’s energy leadership was rolled out by the American Petroleum Institute (API) this week. The roadmap includes five actions policymakers can take to...
Read More
The Mountain Valley Pipeline (MVP), owned and operated by Pittsburgh-based Equitrans Midstream Corp., went into operations this week, after receiving all of the necessary regulatory approvals. The...
Read More
Lancaster-based Fulton Bank has acquired the assets of Republic First Bank after the latter became the first bank to fail this year. Last week, the Pennsylvania Department of Banking and Securities (...
Read More
Pittsburgh-based natural gas producer EQT Corp. announced Monday it is acquiring Equitrans Midstream Corp., the developer of the Mountain Valley Pipeline, for about $5.5 billion in stock. EQT said ...
Read More
Alcoa has entered into an agreement on terms and process for the acquisition of Alumina Limited. In this all-stock transaction, Alumina shareholders would receive consideration of 0.02854 Alcoa sha...
Read More
Duquesne Light Company (DLC) selected a winner for its two-year innovation challenge to create a safer and more reliable underground electrical network. The winning solution for DLC’s Monitoring...
Read More
The American Petroleum Institute (API) is calling on policymakers to develop a long-term energy plan that strengthens energy independence, seizes America’s energy advantage, and accelerates innovati...
Read More
The U.S. Small Business Administration (SBA) declared Northampton County in Pennsylvania a disaster after widespread flooding in July. This administrative declaration makes loans available for bus...
Read More
Philadelphia Mayor Jim Kenney recently released the first in a series of progress reports focused on shaping the city’s future. The first progress report examined Philadelphia’s financial heal...
Read More
Muncy Bank and Trust will be merged into the parent company of First Columbia Bank & Trust, the companies announced this week. The shareholders of the respective parent companies, Muncy Bank Financ...
Read More
PNC Bank, based in Pittsburgh, acquired a portfolio of capital commitments facilities from Signature Bridge Bank through an agreement with the Federal Deposit Insurance Corporation (FDIC) as receiver....
Read More
Republic First Bancorp, based in Philadelphia, reached an agreement with the Norcross Braca Group for a multi-million-dollar investment in the bank and changes to the board. Under the terms of the...
Read More
A new economic analysis examines the impact of the natural gas industry on Pennsylvaniaʻs economy, including its billions in contributions to the state’s gross domestic product. The report, comm...
Read More
Pittsburgh-based Strategic Investment Fund Partners (SIF) completed a first close at $34.1 million in a private offering from its existing investors and launched a new strategic focus for the fund. ...
Read More
The Environmental Partnership (EP) issued a report last week on the U.S oil and natural gas industry’s actions to reduce methane emissions, improve detection methods, and share best practices across...
Read More
Equitrans Midstream Corp. has tapped Diana M. Charletta as its new CEO, replacing Thomas Karam, who will step down to become executive chair. Charletta takes on the new role as CEO after serving a...
Read More
NexTier Bank, which serves Western Pennsylvania, is acquiring Mars Bank, based in Mars, Pa., just north of Pittsburgh. The new, combined community bank will have total assets in excess of $2.6 bill...
Read More
The U.S. Federal Trade Commission (FTC) has resolved its review of EQT Corp.'s agreement to acquire Tug Hill's upstream assets and XcL Midstream's gathering and processing assets, both in the Appalach...
Read More