Goals

Oklahoma City-based Waste Management Corp. has passed two major milestones for compressed natural gas (CNG) fleet vehicles and fueling stations, added its 6,000th refuse hauling truck and opening its 100th fueling facility.

North Dakota’s Industrial Commission (IC), which oversees oil/natural gas production, on Thursday extended the deadline for meeting state-mandated captured wellhead gas goals, pushing them to the end of next year rather than January.

Triangle Petroleum Corp. recorded the first profitable quarter in its history, is on track to meet its production goals and is excited about the possibilities from a joint venture (JV) in the Bakken Shale, officials said last week.

Chesapeake Energy Corp. on Monday unveiled a strategy to help fund its spending obligations this year, which may include the outright sale of its Permian Basin portfolio, as well as other asset sales and joint venture (JV) partnerships, that together could reap $10-12 billion.

Shale gas is reviving the domestic chemical industry, has already sparked growth in exports, and going forward it will boost the U.S. economy through new jobs in supplier industries and other manufacturers benefiting from cheap, plentiful energy, according to the National Petroleum Council (NPC).

The recently announced sales of its assets in a joint venture (JV) trading operation helped Sempra Energy to achieve one of its key goals for 2010 — exiting the commodities trading business — and the jettisoning of the money-losing segment, along with $1.8-1.9 billion in proceeds that the San Diego-based company expects from the sale, foreshadow brighter days ahead, according to CEO Donald Felsinger.

The recently announced sales of its assets in a joint venture (JV) trading operation helped Sempra Energy to achieve one of its key goals for 2010 — exiting the commodities trading business — and the jettisoning of the money-losing segment, along with $1.8-1.9 billion in proceeds that the San Diego-based company expects from the sale, foreshadow brighter days ahead, according to CEO Donald Felsinger.

Doubts have been raised by a western U.S. business organization about the Obama administration’s green jobs goals based on the results of a Spanish university economist’s study that contends Spain’s government-subsidized program has destroyed 2.2 jobs for every new green job created. The Western Business Roundtable, an advocacy group, said this should cause the Obama administration to think twice about citing Spain as a “model” for what the United States should do.

Doubts have been raised by a western U.S. business organization about the Obama administration’s green jobs goals based on the results of a Spanish university economist’s study that contends Spain’s government-subsidized program has destroyed 2.2 jobs for every new green job created. The Western Business Roundtable said this should cause the Obama administration to think twice about citing Spain as a “model” for what the United States should do.