Carolyn Davis

Murphy Oil Corp. is selling off $2 billion worth of stakes in Malaysia oil and gas stakes to increase capital spending in the Eagle Ford Shale, among other things.

ExxonMobil Corp. on Wednesday issued its first report outlining how it assesses and manages risks associated with developing unconventional resources, including through hydraulic fracturing (fracking). Baker Hughes Inc. also has adopted its policy to disclose drilling risks.

IHS Vice Chairman Daniel Yergin has been awarded the first James R. Schlesinger Medal for Energy Security by Secretary of Energy Ernest Moniz, which honors an “individual’s distinguished contributions to advancing our understanding of the threats, opportunities and energy policy choices impacting the domestic and international energy security interests of the United States through analysis, policy or practice.” The medal is to be presented annually to individuals outside the Department of Energy (DOE) to complement the existing Schlesinger Award for outstanding performance of a DOE employee in advancing contributions of national importance. Moniz said that Yergin “has made unique contributions to the energy sector debate. His singular influence over the discussion of energy — and public understanding of the history and future trends of energy is unmatched.” Yergin won a Pulitzer Prize for The Prize: The Epic Quest for Oil, Money and Power, which has been translated into 19 languages. Prior to founding Cambridge Energy Research Associates, which was acquired by IHS in 2004, he taught at the Harvard Business School and the Harvard Kennedy School of government.

Robust growth in hydraulic fracturing (fracking) sand demand is driving the North American proppant market, according to the latest ProppantIQ report.

Enterprise Products Partners LP on Wednesday agreed to buy stakes in affiliates of global marine terminal giant Oiltanking GmbH to enhance its crude and petroleum products storage operations on the Texas Gulf Coast.

John K. Reinhart, 45, has been named COO for two American Energy Partners LP (AELP) affiliates, American Energy-Utica LLC and American Energy-Marcellus LLC. Reinhart most recently was Chesapeake Energy Corp.’s senior vice president, operations and technical services. Reinhart had worked for former Chesapeake CEO Aubrey McClendon, who founded privately held AELP in April 2013. He was vice president of operations for Chesapeake’s eastern division from 2009-2013. He also had worked for Schlumberger Ltd. for 11 years. Reinhart received a bachelor’s degree from West Virginia University in 1994.

Enterprise Products Partners LP is planning to construct a cryogenic natural gas processing plant and associated midstream infrastructure in Eddy County, NM to serve growing production in the Permian Basin’s Delaware sub-basin.

FERC late Monday authorized Dominion Cove Point LNG LP to construct a liquefied natural gas (LNG) export facility in Calvert County, MD and related facilities in Virginia, the first East Coast LNG project to receive the green light. The proposal, mitigated with 79 conditions, is in the public interest, federal authorities said.

Oil and natural gas systems represented the second largest source of greenhouse gas (GHG) emissions in the United States last year, but methane emissions actually fell 1% because of an increase in natural gas drilling, according to the U.S. Environmental Protection Agency (EPA).