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
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
North Dakota Official: Bakken ‘Changed World Markets’
In anticipating 1 million b/d of North Dakota crude oil production in the next few months, the state’s chief oil/natural gas overseer said Tuesday that the Bakken Shale has changed world energy dynamics to the point that North America soon may be a net exporter of oil.
October 17, 2013
Can Oregon Support Two LNG Export Terminals?
British Columbia has multiple liquefied natural gas (LNG) export facilities being proposed for Canada’s west coast, and supporters believe that several might make the cut, but the two proposed export projects on the drawing board in Oregon are drawing questions, with some wondering if even one can become reality.
October 16, 2013
U.S. Pipelines Spurn Latest Pemex RFP
The two North American pipelines with substantial stakes in Mexico have passed up the latest bidding solicitation by Petroleos Mexicanos (Pemex), which has been looking for potential builders for a $1.8 billion natural gas pipeline, considered the biggest now ongoing in the country.
October 16, 2013