Failed

Shell Alaska Offshore Operations Blasted

Royal Dutch Shell plc failed to maintain “adequate oversight” of its Alaska offshore contractors, on which it relied for “many critical aspects of its program,” and that led to problems in the inaugural drilling program in the Beaufort and Chukchi seas last summer, the Department of Interior said Thursday.

March 18, 2013

Revenue-Sharing Gains Traction in New Congress

The issue of sharing offshore revenues between coastal states and the federal government, which has failed to gain support in previous Congresses, is expected to have a better chance in the 113th Congress.

February 12, 2013

ExxonMobil, Chevron Output Slips

ExxonMobil Corp., whose international portfolio more often than not has fortified it from the ups and downs of the volatile commodities market, failed to outrun global uncertainty and lower U.S. natural gas prices in the third quarter, with profits off 7% year/year to $9.6 billion, $750 million less than a year ago. Production also declined to its lowest level in three years.

November 5, 2012

ExxonMobil Profits, Output Slip, But Portfolio Additions Continue

ExxonMobil Corp., whose international portfolio more often than not has fortified it from the ups and downs of the volatile commodities market, failed to outrun global uncertainty and lower U.S. natural gas prices in the third quarter, with profits off 7% year/year to $9.6 billion, $750 million less than a year ago. Production also declined to its lowest level in three years.

November 2, 2012

Chamber: U.S. Energy Security Risks Grew Worse in 2011

America’s energy security risk is bad and getting worse under current policy and regulatory framework, according to a report by the U.S. Chamber of Commerce’s Institute for 21st Century Energy.

October 25, 2012
Australia’s Amadeus Acquiring Eagle Ford-Focused Lonestar Resources

Australia’s Amadeus Acquiring Eagle Ford-Focused Lonestar Resources

Australia’s Amadeus Energy Ltd. plans to acquire Fort Worth, TX-based Lonestar Resources Inc. — a player in the Eagle Ford, Bakken and Barnett shales — via the purchase of Lonestar’s holding company, Ecofin Energy Resources Plc of the United Kingdom.

October 23, 2012

California Regulators Sued Over Fracking Risks

Environmental groups on Tuesday filed a lawsuit in California claiming that state regulators had failed to “consider or evaluate” the risks of hydraulic fracturing (fracking) as required by the California Environmental Quality Act (CEQA).

October 18, 2012

Chesapeake Sues Gastar Over Failed Partnership

Chesapeake Energy Corp. filed a lawsuit against former partner Gastar Exploration Ltd., alleging that it is owed $130 million from a failed joint venture in Texas.

October 3, 2012

UGI Pipeline, Compressor Station Subject to Public Hearing

In a bid to succeed in a part of Pennsylvania’s Marcellus Shale where two other companies have failed, officials with a midstream subsidiary of UGI Corp. will attend Tuesday night’s public hearing before the Luzerne County Planning Commission to field questions about the company’s proposal to build a natural gas pipeline and compressor station.

August 7, 2012

ExxonMobil Ends Shale Exploration in Poland

ExxonMobil Corp. has ended its shale natural gas exploration efforts in Poland after two test wells failed to produce “sustained commercial hydrocarbon flow rates,” a spokesman said Monday.

June 19, 2012