Facing

California Regulators Face More Scrutiny on Pipe Safety

California regulators are facing increased scrutiny on their response to stepping up natural gas pipeline safety oversight following a 2010 explosion in San Bruno on a Pacific Gas and Electric Co. (PG&E) line.

July 29, 2013

Anadarko Exec Possibly Misled Investors, Says Judge

Anadarko Petroleum Corp., a one-quarter partner in BP plc’s ill-fated Macondo well, is facing a lawsuit that claims a top executive misled investors about the well’s impact, a Houston district judge has ruled.

July 22, 2013

Number of Unfracked Wells Grows in North Dakota

With logistics for moving hydraulic fracturing (fracking) equipment snarled by mostly foul weather through May, North Dakota is facing a growing backlog of unfracked wells, according to Lynn Helms, the state’s director of the Department of Mineral Resources (DMR).

July 17, 2013

California GHG Trading Program Showing New Life

Despite facing legal challenges to conduct emissions auctions, California’s cap-and-trade program to auction greenhouse gas (GHG) emissions raised nearly $280 million earlier this month, selling out its entire carbon allowance allotments of 14.5 million.

May 30, 2013

NOV: North America Demand Weak for Pressure Pumping

National Oilwell Varco Inc. (NOV) COO Clay Williams said Friday the company is facing “headwinds” in North America on weaker-than-expected demand for pressure pumping and equipment.

April 29, 2013
NOV: Weak Demand for Pressure Pumping in North America

NOV: Weak Demand for Pressure Pumping in North America

National Oilwell Varco Inc. (NOV) COO Clay Williams said Friday the company is facing “headwinds” in North America on weaker-than-expected demand for pressure pumping and equipment.

April 29, 2013

BP CEO: Talk of Peak Oil Ends, Challenges Remain

The global energy business is for the optimistic, those unafraid of facing challenges and taking risks, and it will forever be so, BP plc Group CEO Bob Dudley said last week before a crowd at IHS CERAWeek 2013 in Houston.

March 11, 2013

Joint Venture Responds to Water Demand for Fracking Operations

A joint venture (JV) of Battelle and Winner Global LLC expects to begin building its first unit in April to respond to a potential water shortage facing oil and natural gas companies that are engaged in hydraulic fracturing (fracking) activities in the Utica and Marcellus shales in Ohio and Pennsylvania.

March 8, 2013

BP CEO: Talk of Peak Oil Ends, Challenges Remain

The global energy business is for the optimistic, those unafraid of facing challenges and taking risks, and it will forever be so, BP plc Group CEO Bob Dudley said Wednesday before a crowd at IHS CERAWeek 2013 in Houston.

March 7, 2013
Hess Actions ‘Dramatically Short,’ Says Shareholder

Hess Actions ‘Dramatically Short,’ Says Shareholder

Hess Corp., which is facing a shareholder revolt for a perceived lack of focus and crony-heavy board, on Monday said it would become a pure-play exploration and production (E&P) company. The plan involves fully exiting the downstream business, selling Bakken Shale midstream, and bringing aboard six new independent directors.

March 5, 2013
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