Energy Inc: Consol begins new round of layoffs

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July 14, 2015

This week in Pittsburgh energy More layoffs at Consol Energy Inc. plus the latest energy acquisition target is MarkWest Energy Partners, which is a big player in the natural gas field here in southwestern Pennsylvania. Consol begins new round of layoffs The layoffs are the latest in a series of cost-cutting moves. In April, the company laid off about 5 percent of its workforce, a move that affected upwards of 190 people. At the time it cited weak coal and gas prices. Five things to know in energy this week, and a milestone for natural gas (at the expense of coal) Severance tax remains political hot-button issue, delay for tie-up of Baker Hughes and Halliburton, a drilling pad fire in West Virginia and the Keystone XL defended in Ohio. Why Marathon wants to acquire MarkWest Energy Partners, and what it could mean to region Big natural gas processing facilities in the Marcellus and Utica plus a lot of shale-related upside, companies say. MarkWest Energy Partners to be acquired by Marathon Petroleum MLP Deal would create fourth-largest master limited partnership in energy industry. Report: Toshiba may sell down Westinghouse stake According to Reuters, Toshiba, which is in the midst of an accounting scandal and may need to write down past earnings, is looking at selling assets, including some of Westinghouse. Keystone Clearwater Solutions sale officially done New owner is American Water Works Co. Inc. TOP HEADLINES Rex Energy names new COO Rex Energy moving ahead with plans to sink dry Utica well

ENERGY BUSINESS PULSE SURVEY: Do you think Pennsylvania's natural gas production will overtake Texas? PITTSBURGH BUSINESS EVENTS Pittsburgh Business Events   NATIONAL ENERGY NEWS San Antonio Business Journal Valero looking to overseas markets to grow ethanol business Triangle Business Journal Wanted by the feds: More solar panels on commercial rooftops South Florida Business Journal Solar firm Conergy to move headquarters to Miami-Dade San Antonio Business Journal Valero to buy back $2.5 billion of stock Albuquerque Business First New Mexico consumer energy costs among cheapest in U.S. Dayton Business Journal MarkWest/Marathon's $15.8 billion deal: It's not about the money Denver Business Journal Colorado's SourceGas bought by South Dakota's Black Hills Houston Business Journal RigNet to cut jobs in cost-restructuring plan

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