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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Articles from Rich Nemec
North Dakota officials on Thursday approved more extensive proposed pipeline regulations and reporting requirements for the oil and natural gas industry, including provisions aimed at cutting the amount of wellhead gas flaring.
Sempra Energy’s Southern California Gas Co. (SoCalGas) has won approval from California regulators to implement a retail rate for providing compressed natural gas (CNG) for customers using it in transportation or other applications.
A former hedge fund billionaire and environmental activist is attempting to stir new life into a so-far failed state legislative and ballot initiative effort to impose a severance tax on oil and natural gas production in California, the only fossil fuel-producing state without some sort of production tax.
Los Angeles-based Occidental Petroleum Corp. (Oxy) said it is paying a $14 million lump sum to former chairman and CEO Ray Irani as part of a $26 million settlement following his ouster earlier this year from chairing the Oxy board. After a 30-year stint at the mid-major oil/natural gas company, Irani, 78, was pushed out of his chairman role in May (see Daily GPI,May 6). Occidental said in a regulatory filing that Irani will get lifetime security and financial planning services estimated at up to $1.3 million annually. The former executive was paid an average of $90 million annually in total compensation during the past 11 years, according to a calculation by the Los Angeles Times. Initial comments from Wall Street analysts characterized the exit package for the former executive as excessive.
California regulators on Thursday applied both the carrot and the stick to Pacific Gas and Electric Co.’s (PG&E) natural gas pipeline operations.
Reflecting reports of decreasing well completion costs in North Dakota’s Williston Basin, major Bakken Shale producer Kodiak Oil and Gas Corp. said Wednesday it expects its production to increase by 45% to near 44,000 b/d in 2014, despite decreasing its capital expenditures below the billion-dollar level of recent years.
A group of 21 scientists, engineers and other technical experts last week wrote California Gov. Jerry Brown in support of shale oil and natural gas development and the use of hydraulic fracturing (fracking).
A state district court judge in Larimer County, CO, said Wednesday that he will make a decision in the next 30 days following oral arguments in a court case challenging a sixth Colorado city’s attempt to hold a referendum on a moratorium on oil/natural gas drilling, including hydraulic fracturing, within city limits.
While there is no consensus on the causes or the best way to deal with the problem of methane emissions, state officials said Wednesday that recent major pipeline failures have put much more emphasis on accelerated programs to beef up gas pipeline safety.