A lengthy review of outgoing Chesapeake Energy Corp. CEO Aubrey McClendon’s controversial financing transactions “did not reveal any improper benefit” to him “or increased cost to the company as a result of the overlap in financial relationships,” the board of directors announced Wednesday.
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Fracking Supporters, Opponents Testify in New York
A trio of New York legislators opposed to high-volume hydraulic fracturing (HVHF) held court over a lengthy public hearing Thursday on rules that would govern the practice, but officials with the Department of Environmental Conservation (DEC) were not in attendance.
Colorado Governor: Blanket ‘No Fracking’ Policy Makes No Sense
Colorado Gov. John Hickenlooper said Wednesday the state hopes to avoid a lengthy court battle with the City of Longmont over newly enacted natural gas and oil drilling regulations, which challenge the state’s authority to regulate energy operations.
Ohio Senate Approves New Fracking Rules
The Ohio Senate approved new rules governing hydraulic fracturing (fracking) on Tuesday, part of a lengthy energy bill that makes changes throughout the Ohio Revised Code.
More Gas Demand ‘Not That Far Off,’ Says Investment Bank
Natural gas will play a central role as more than just a “bridge fuel” in a lengthy transition to renewable energy, said Calgary-based AltaCorp. Capital Inc. in a new report. In fact, “we believe it will become the largest source of energy on the planet,” wrote the investment banking firm’s John Mawdsley.
More Gas Demand ‘Not That Far Off,’ Says Investment Bank
Natural gas will play a central role as more than just a “bridge fuel” in a lengthy transition to renewable energy, said Calgary-based AltaCorp. Capital Inc. in a new report. In fact, “we believe it will become the largest source of energy on the planet,” wrote the investment banking firm’s John Mawdsley.
Governor: Virginia to Become ‘Offshore Energy Leader’
Despite what he sees as excessive federal government regulation and unnecessarily lengthy permitting processes, Virginia Gov. Bob McDonnell still believes his state will become “the energy capital of the East Coast” and an offshore energy leader.
Governor: Virginia to Become ‘Offshore Energy Leader’
Despite what he sees as excessive federal government regulation and unnecessarily lengthy permitting processes, Virginia Gov. Bob McDonnell still believes his state will become “the energy capital of the East Coast” and an offshore energy leader.
BP: No Single Factor Caused Gulf Tragedy
No single factor caused the Macondo well tragedy in the deepwater Gulf of Mexico (GOM), BP plc said in a lengthy internal report last week. “Rather, a sequence of failures involving a number of different parties led to the explosion and fire which killed 11 people and caused widespread pollution” in the GOM this year.
Prices Mostly Soft as Negative Fundamentals Continue
Prices continued to fall at most points Friday as temperature forecasts remained relatively moderate for most areas in late August, a lengthy streak of futures weakness continued and there was still no threat to offshore production from Atlantic tropical activity.