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Rich Nemec

Richard Nemec began writing for NGI in 1995 and has 30 years experience in the energy industry. He holds BA from the University of Southern California, Los Angeles; and a MA in journalism from Northwestern University, Evanston, IL; and completed MBA courses at Northwestern's Evening Graduate School of Management.

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West Coast Correspondent | Los Angeles, CA

email rich.nemec@naturalgasintel.com

Oxy Looking to Sell ‘Selective’ Midcontinent Assets

Oxy Looking to Sell ‘Selective’ Midcontinent Assets

As part of a strategic review aimed at forming a smaller, more profitable company, Los Angeles-based Occidental Petroleum Corp.’s (Oxy) board of directors on Friday authorized pursuit of selected asset sales, including potentially some overseas and Midcontinent assets, alongwith a portion of a general partner interest in Plains All American Pipeline (PAAP).

October 21, 2013
The ‘Age of Gas’ Is Coming, GE Report Says

The ‘Age of Gas’ Is Coming, GE Report Says

As an outgrowth of the North American shale revolution, natural gas increasingly will capture a bigger piece of global energy demand with a denser network offering greater flexibility and improved economics, according to a white paper released Friday by General Electric Corp. (GE).

October 21, 2013

GE Capital, Clean Energy Form Alliance on Truck Fleets

Newport Beach, CA-based Clean Energy Fuels Corp., one of the nation’s largest providers of natural gas transportation fuels and fueling infrastructure, said Monday it has formed a strategic alliance with the transportation finance unit of General Electric Corp. (GE) aimed at heavy duty trucking fleets.

October 21, 2013

Midcontinent Assets to Be Pared in Oxy Strategic Review

As part of a strategic review aimed at forming a smaller, more profitable company, Los Angeles-based Occidental Petroleum Corp.’s (Oxy) board of directors on Friday authorized pursuit of selected asset sales, including potentially some overseas and Midcontinent assets, along with a portion of a general partner interest in Plains All American Pipeline (PAAP).

October 21, 2013

North Dakota Producers Face Lawsuits for Flaring

Ten lawsuits seeking class action status have been filed by mineral rights owners against North Dakota oil/natural gas operators alleging the loss of millions of dollars in royalties due to large amounts of flared associated gas during the past six years.

October 18, 2013

NRG to Buy Bankrupt Edison Mission in $2.5B Deal

With natural gas-fired and renewable generation assets as an attraction, Princeton, NJ-based NRG Energy Inc. said Friday it has entered a $2.5 billion “planned sponsor agreement” with Edison Mission Energy (EME) and some of its subsidiaries to eventually acquire the Chapter 11-mired independent power generation company. NRG said it hopes to close the acquisition in the first quarter next year.

October 18, 2013

Oregon LNG Projects Chasing Customers, Suppliers

In the midst of many unsettled regulatory permitting issues from the local to federal levels, the two proposed liquefied natural gas (LNG) export projects in Oregon are stepping up the pace of their marketing efforts for both customers and gas suppliers to their envisioned tolling facilities.

October 18, 2013

Alternative Fuels: Focus Shifts to Passenger Cars

General Motors Co. (GM) CEO Dan Akerson said Wednesday that GM plans to introduce next year a bi-fuel natural gas/gasoline version of its Impala passenger car offering a driving range of up to 500 miles.

October 17, 2013

Montana, Wyoming Water Fight Trial Begins

A lawsuit involving coalbed methane (CBM) development that dates back more than a decade will get its day in court beginning Wednesday when a federal trial gets underway in Billings, MT to determine if Wyoming should be held liable for alleged water losses in tributaries of the Yellowstone River.

October 17, 2013

Plains GP Holdings Nets $2.82B in Year’s Biggest IPO

Houston-based Plains All American Pipeline LP’s recently formed general partner, Plains GP Holdings, on Wednesday raised $2.82 billion in the nation’s largest initial public offering (IPO) so far this year. The IPO offered 128 million shares at $22/share, and after the first day of trading the closing price settled at the offered amount.

October 17, 2013