2002

Private equity (PE) investments, which more than doubled in the U.S. oil and natural gas sector from 2002 to 2012, are showing no signs of drying up, according to PwC.

The West Virginia Supreme Court of Appeals has ruled that state law doesn’t give landowners the right to seek judicial review of well permits issued by the Department of Environmental Protection (DEP). However, the appeals court urged lawmakers to consider changing the law to give landowners more say.

BP plc has appointed Fergus MacLeod as the new strategy chief. MacLeod, a former Deutsche Bank oil analyst, has been in charge of BP’s investor relations unit since 2002 and he will continue to run that unit. Ian Smale, 51, who has been BP’s head of strategy for the past three years, has retired from BP after 30 years. MacLeod will report directly to CEO Bob Dudley. Because MacLeod formerly was an energy analyst, he is expected to be attuned to shareholder concerns as the oil major attempts to revive investor confidence. Dudley said in July that stabilizing the company was his top priority (see Daily GPI, July 27).

Marketers that reported in both 4Q2009 and 4Q2010 posted an 8% increase in volumes from a year ago. read more

Despite a decline in the survey’s top spot, overall natural gas marketing was up 6.2% year over year. read more

Weak national demand led all but a handful of companies to see natural gas marketing declines during the second quarter as the total volume sold in North America fell 9% — almost 11 Bcf/d — according to NGI’s 2Q2009 Top North American Gas Marketers Ranking. read more

Last year Canada’s natural gas and oil producers suffered their weakest performance since 2002, but the downturn prepared the country’s energy sector for a promising future, according to the Canadian Annual Energy Survey, an annual review of the top producers by PricewaterhouseCoopers (PwC).

Last year Canada’s natural gas and oil producers suffered their weakest performance since 2002, but the downturn prepared the country’s energy sector for a promising future, according to the Canadian Annual Energy Survey, an annual review of the top producers by PricewaterhouseCoopers (PwC).

Source: Quarterly financial reports with the Securities and Exchange Commission, or if necessary, statements signed by company officials and provided to NGI.