Against

In an attempt to leverage the state’s two biggest industries, North Dakota is considering construction of a world-scale, $1.5 billion nitrogen fertilizer plant. The plant could make use of some of the state’s natural gas now being flared in the face of low prices to fuel the facility, while the North Dakota Corn Growers Association (CGA) would use the plant to make anhydrous ammonia.

Sen. Tom Harkin (D-IA) Tuesday questioned the effectiveness of self-regulatory watchdog groups, such as the National Futures Association (NFA), as the “first line of defense” against market abuse following the disclosure that Iowa-based Peregrine Financial Group (PFG) and its founder Russell Wasendorf Sr. allegedly defrauded customers of more than $200 million.

A competitive market for compressed natural gas (CNG) — chiefly as a new rival against oil products — has opened for business across most of Nova Scotia. And it’s Eastern Canada’s chief oil refiner, Irving Oil, that will be delivering the trucked gas to coastal fish processors, hospitals, universities and other large commercial users as early as next year.

Effective immediately, a competitive market for compressed natural gas (CNG) — chiefly as a new rival against oil products — is open for business across most of Nova Scotia. And it’s Eastern Canada’s chief oil refiner, Irving Oil, that will be delivering the trucked gas to coastal fish processors, hospitals, universities and other large commercial users as early as next year.

Private hedge fund operator Third Point LLC, which is run by activist investor Daniel Loeb, listed Chesapeake Energy Corp. as one of the fund’s largest new holdings in a June exposure report to investors, according to several market followers.

The Environmental Protection Agency (EPA) has defended itself against claims made in an industry report that it has overestimated methane emissions from natural gas well activities by more than 50%.

Chesapeake Energy Corp. shareholders are being urged by the manager of a group of New York City pension funds to vote against the only two board members up for reelection this year for failing to monitor financial activities of CEO Aubrey McClendon.

Chesapeake Energy Corp. shareholders were urged in a letter sent Thursday by the New York City comptroller to vote against the only two board members up for reelection in June. Meanwhile, the board on Friday adopted a compensation arrangement for outside directors that reduces compensation by 20% and eliminates personal travel on aircraft in which the company has a stake.

Interior’s Office of Natural Resources Revenues (ONRR) Monday said it was assessing a $1.9 million civil penalty against Houston-based Cabot Oil & Gas Corp. for knowingly and willfully maintaining false, inaccurate or misleading information on ONRR’s database.