Announced

Brief — Camber Energy

Lucas Energy Inc. has changed its name to Camber Energy Inc. effective Thursday. The previously announced change is intended to more accurately reflect the company’s focus on the Austin Chalk and Eagle Ford Shale. The company will trade on the New York Stock Exchange under the new ticker “CEI.”

January 5, 2017

Shell Layoffs Climb to 12,500 Since Start of 2015

Royal Dutch Shell plc plans to reduce its workforce by 2,200 more people, bringing global layoffs since the start of 2015 to about 12,500, the company confirmed this week.

May 26, 2016

Consol Energy Cutting Jobs in Natural Gas Division

Consol Energy Inc. said it is cutting its Appalachian Basin workforce, confirming layoffs in its gas division and joining several of its peers across the country that have recently announced similar plans aimed at reducing costs amid the commodities downturn.

April 10, 2015

Industry Briefs

Las Vegas, NV-basedNV Energy Inc.’sshareholders on Wednesday “decidedly” approved the power utility’s acquisition by billionaireWarren Buffett-led Berkshire Hathaway’ MidAmerican EnergyHoldings Co., a $5.59 billion deal announced last May (seeDaily GPI,May 31). Speaking at a special stockholders’ meeting called for the vote, NV Energy CEOMichael Yackirasaid the transaction is expected to close in the first quarter next year, assuming that all customary closing conditions are met, including approvals from theFederal Energy Regulatory Commissionand theNevada Public Utilities Commission.

September 26, 2013

Shell Picks Louisiana for GTL Project

Royal Dutch Shell plc has chosen Ascension Parish in Louisiana as the location for a potential multi-billion-dollar natural gas-to-liquids (GTL) facility.

September 25, 2013

Prometheus’ LNG to Fuel Antero Rigs in Marcellus, Utica

Prometheus Energy Group Inc. announced that it had signed a multi-year agreement to supply Antero Resources with enough liquefied natural gas (LNG) to power “a significant portion” of Antero’s natural gas-fueled drilling rigs in the Marcellus and Utica shales.

August 20, 2013

Antero Reports 47% Increase in Proved Reserves

Antero Resources announced Monday that its proved reserves had increased 47%, to 6.3 Tcfe in the first half fo 2013 on natural gas gains mostly from the Marcellus Shale.

July 30, 2013

DOE’s $8B Clean Tech Effort to Aid Fossil Fuels

As part of President Obama’s climate action plan (see NGI, July 1), the Department of Energy (DOE) last Tuesday announced a draft $8 billion loan guarantee solicitation to develop advanced technologies aimed at avoiding and reducing greenhouse gas (GHG) emissions from fossil fuels.

July 8, 2013

DOE $8B Clean Tech Effort Includes Fossil Fuels

As part of President Obama’s climate action plan, the Department of Energy Tuesday announced a draft $8 billion loan guarantee solicitation for the development of advanced technologies aimed at avoiding and reducing greenhouse gas (GHG) emissions from fossil fuels.

July 3, 2013

Obama Cracks Down on Coal, Encourages Fuel-Switching to NatGas

The White House climate action plan, announced in a speech Tuesday, comes down hard on coal-fired power plants, pledges continued support for the development and use of non-polluting renewable energy and promotes “cleaner-burning natural gas” as a bridge to a clean future.

June 26, 2013
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