The Senate approved President Obama’s nomination of Sally Jewell as Interior secretary Wednesday by an 87-11 vote.
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Tony Hayward, who resigned as BP plc Group CEO following the turbulence that followed the the Macondo well blowout in the Gulf of Mexico’s deepwater, has taken over as chairman of UK-based CompactGTL, which has pioneered a modular gas-to-liquids (GTL) system for flared natural gas. Hayward has been running Genel Energy plc, an Anglo-Turkish explorer. He also participated in Vallares plc, an energy fund vehicle backed by a group of investors. Royal Dutch Shell plc is the dominant leader in giant global GTL technology; CompactGTL is on the other end of the spectrum. The smaller plants are designed to harness flared gas from oilfields.
Former BP Chief Takes Helm at GTL Developer
Tony Hayward, who resigned as BP plc Group CEO following the turbulence that followed the the Macondo well blowout in the Gulf of Mexico’s deepwater, has taken over as chairman of CompactGTL, which has pioneered a modular gas-to-liquids (GTL) system for flared natural gas.
Feds Call Shale Activity ‘Robust’; CFOs Are Bullish on Production
The Federal Reserve Board (FRB) said activity in the energy industry was a mixed bag and mentioned shale only once — but in a positive light — in the latest edition of the “Beige Book,” a report published eight times a year with data provided by the 12 Federal Reserve Districts.
Enbridge In Bakken-Focused Rail JV
Enbridge Inc. unit Enbridge Rail (Philadelphia) LLC and Canopy Prospecting Inc. have formed the Eddystone Rail Co. to develop a unit-train facility and related pipeline infrastructure near Philadelphia, PA, to deliver Bakken and other light sweet crude oil to Philadelphia area refineries.
Seneca Resources Shifting Marcellus Rigs to Run on LNG
In a pair of deals announced Thursday, Seneca Resources Corp., the exploration and production unit of National Fuel Gas Co., laid out plans to continue shifting its Marcellus Shale drilling rigs from diesel fuel to liquefied natural gas (LNG).
Pennsylvania Urged by Industry, Locals to Scrutinize Drilling Rules
The Pennsylvania Public Utility Commission (PUC) has received requests from citizens, oil and gas companies and local officials to review the drilling ordinances of three of the five localities in southwestern Pennsylvania that have filed a legal challenge to Act 13, the state’s omnibus Marcellus Shale law.
Chesapeake Expects Gas Prices to Strengthen, Says McClendon
Chesapeake Energy Corp. CEO Aubrey McClendon, who Thursday spoke to analysts publicly for the first time in months beyond the Oklahoma City boardroom, said the company remains on track to sell up to $14 billion of assets by the end of the year, including a package of properties in the Permian Basin. He’s also confident that even as the company continues to turn toward more oily production, natural gas prices will strengthen in the coming months.
Trio Launches $1.2B Utica Shale Pipeline Project
DTE Energy, Enbridge Inc. and Spectra Energy Corp. have agreed to develop the NEXUS Gas Transmission (NGT) system to move growing supplies of Ohio Utica shale gas to markets in the U.S. Midwest, including Ohio, Michigan, and Ontario, Canada.
Marathon Drops Rigs in Eagle Ford, Anadarko Woodford, Bakken
Houston explorer Marathon Oil Corp. is reducing its rig count in the Eagle Ford Shale because of drilling efficiencies and dropped rigs in the Anadarko Woodford and Bakken plays in response to a “continued decline in natural gas liquids (NGL) and natural gas prices,” the company said Wednesday.