Chesapeake Rebuilds on US Shale Patch with $2.6 billion Gas Deal

Chesapeake Energy, the fracking pioneer that was the highest-profile casualty of the 2020 oil crash, is expanding in America’s biggest shale patch again, less than a year after its emergence from bankruptcy.

The Oklahoma-based producer said it would spend $2.6bn in cash and equity to buy Chief Oil & Gas, founded by Dallas billionaire Trevor Rees-Jones, and its partner Tug Hill in north-eastern Pennsylvania’s section of the prolific Marcellus shale field.

Rail Freight Efficiency and Safety to be Improved by a Digital Solution offered by Partnering of Hitachi Rail with Intermodal Telematics

Hitachi’s group company Hitachi Rail and Netherlands-based independent solution provider Intermodal Telematics (IMT) have agreed an exclusive long-term partnership that will improve Rail Freight Efficiency and Safety
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