Industry Brief

Under a five-year memorandum of understanding (MOU), Sandia National Laboratories and SRI International have partnered to explore, test and evaluate a range of hydrogen and natural gas fuel systems and components for transportation. The MOU is the first agreement in Sandia’s new Center for Infrastructure Research and Innovation (CIRI), an alternative fuel research facility whose goal is to accelerate hydrogen and natural gas infrastructure technologies. The collaboration also will capitalize on research at Sandia’s Combustion Research Facility (CRF). CIRI will be located at Sandia’s Livermore Valley Open Campus, adjacent to the CRF.

June 5, 2013

ExxonMobil, Qatar Petroleum Sign MOU on North American Unconventionals

ExxonMobil Corp. and Qatar Petroleum International (QPI) on Monday signed a memorandum of understanding (MOU) to jointly evaluate unconventional natural gas and associated liquids resources in North America, as well as global opportunities for liquefied natural gas (LNG).

April 16, 2013
‘Nothing’ Off the Table to Lift Value, Says Devon CEO

‘Nothing’ Off the Table to Lift Value, Says Devon CEO

Devon Energy Corp.’s North American onshore oil production jumped year/year 20% in 2012 as it continued to makeover its natural gas-weighted portfolio to higher margin liquids and oil targets, but more still needs to be done to squeeze the value of its portfolio, CEO John Richels said Wednesday. Oil appears to be the answer, and dry natural gas development still is off the table.

February 22, 2013

Governor: NatGas Can Drive Michigan Economy

Natural gas figures prominently in Michigan Gov. Rick Snyder’s 19-page energy and environment message to Michiganders and their lawmakers, which was released last week. It includes many ideas for natural gas, oil, power generation and energy efficiency, but before much can happen, guidance from the federal government is needed, he said.

December 3, 2012

Pittsburgh City Councilman Introduces Drilling Proposals

A member of the Pittsburgh City Council has introduced four proposed amendments to the city’s zoning code that would allow 40-acre minimum “mineral extraction districts” for Marcellus Shale drilling.

September 26, 2012

ZaZa Energy, Hess End Eagle Ford and France JV

ZaZa Energy Corp. and Hess Corp. have ended a joint venture (JV) agreement they made in 2010 for activities in the Eagle Ford Shale in South Texas and the Paris Basin in France. ZaZa is taking over the Eagle Ford activities while Hess will hold the exploration licenses in France.

June 13, 2012

Clearing of Swaps Should Be Based on Liquidity Over Full Term

The Commodity Futures Trading Commission (CFTC) should look at the full term of a swap and evaluate the liquidity of the transaction based on that term to determine whether it should be subject to mandatory clearing, a coalition of 10 energy and agriculture groups said.

September 19, 2011

Williams Evaluating ‘All Options’ in Southern Union Bid

Williams CEO Alan Armstrong said last week the company continues to “evaluate all options” in an attempt to merge with Southern Union Co. but questions about whether it will attempt to trump Energy Transfer Equity LP’s latest bid went unanswered.

August 15, 2011

Williams Still Evaluating ‘All Options’ in Southern Union Bid

Williams CEO Alan Armstrong said Tuesday the company continues to “evaluate all options” in an attempt to merge with Southern Union Co., but he declined to offer additional details.

August 10, 2011

Devon Expands Unconventional Drilling Plans

Devon Energy Corp. will drill more wells in North America’s onshore this year than it originally planned, with an eye on discovering another emerging play, company executives said Tuesday.

June 30, 2011
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