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Prices, politics give Ohio oil, gas producers reason for optimism

The Columbus Dispatch

The best thing about 2017 is that it is not 2016, according to Ohio oil and gas producers.

Commodity prices remain low but are up from last year, and there are encouraging signs in the marketplace. This was the sentiment as industry leaders gathered for the Ohio Oil and Gas Association’s winter conference on Thursday.

“There is a more optimistic mood now because we just came through a real trough and hopefully we’re going to see some moderate, continued increases,” said Mark Jordan, president of Knox Energy, an oil and gas producer based in Pataskala.

Also, this is a crowd that likes what President Donald Trump has to say about eliminating regulations.

“This new administration has given a little pep to everyone’s step,” said Shawn Bennett, the association’s executive vice president.

The oil and gas industry has been a key driver of the state’s economy, with an energy boom at the beginning of this decade…

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PTT Global Delays Decision on Belmont Cracker Plant

The Business Journal

YOUNGSTOWN, Ohio – PTTGC America, the Thailand-based petrochemicals giant considering building a $5.7 billion ethane cracker plant in Belmont County, today announced it would postpone its decision on whether to move forward with the project.

The final investment decision is planned toward the end of this year instead of its initial target of March, Toasaporn Boonyapipat, president and CEO of PTTGC America, said in a statement.

“We now anticipate reaching a final investment decision in late 2017, which is several months later than what we anticipated,” he said in a press released issued Tuesday afternoon.

Boonyapipat said that the project requires additional attention related to the initial designs that were submitted to the company by two engineering, procurement and construction contractors. “We recognized the need for further discussions with each of them so that we will be in a stronger position to make our decision on the engineering design and economic feasibility of…

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