Longer

Canadian environmental assessments and public hearings will no longer be required by the National Energy Board (NEB) for long-term natural gas, byproducts and oil export and import licenses. The NEB announced the time-saving change as a step to carry out regulatory reform legislation enacted as of June 29 by the year-old Conservative majority government following prolonged, heated debate in Parliament this spring.

Canadian environmental assessments and public hearings will no longer be required by the National Energy Board (NEB) for long-term natural gas, byproducts and oil export and import licenses. The NEB announced the time-saving change as a step to carry out regulatory reform legislation enacted as of June 29 by the year-old Conservative majority government following prolonged, heated debate in Parliament this spring.

Global Infrastructure Partners (GIP) has completed its first multi-asset transaction with Chesapeake Energy Corp. to acquire the profitable midstream businesses, closing Monday on the $2 billion acquisition of Chesapeake Midstream Partners LP (CHKM).

Chesapeake Energy Corp.’s Aubrey McClendon, who has served as chairman and CEO since he co-founded the company in 1989, will no longer be running the board of directors after Friday (June 22). Questions remain about how the incoming nonexecutive chairman may change the company’s direction — and how McClendon conforms in his more tightly defined role.

Chesapeake Energy Corp.’s Aubrey McClendon, who has served as chairman and CEO since he co-founded the company in 1989, will no longer be running the board of directors after Friday (June 22). Questions remain about how the incoming nonexecutive chairman may change the company’s direction — and how McClendon conforms in his more tightly defined role.

An overarching focus for the West should be “responsible energy development” that sets goals for providing reliable, affordable and cleaner energy longer term, Utah Gov. Gary Herbert said Tuesday after being elected to the chairmanship of the Western Governors’ Association (WGA) at its annual meeting in Cle Elum, WA. Colorado Gov. John Hickenlooper was elected WGA vice president.

Currently growing inventories of ethane and propane are due to different factors and won’t continue forever, Enterprise Products Partners LP COO Jim Teague said Wednesday. Longer-term, the company remains bullish on the natural gas liquids (NGL) demand story in the U.S. Gulf Coast and beyond.

Beginning May 1, ConocoPhillips no longer will be among the ranks of the Big Oil integrated producers. Once Phillips 66, the refining and marketing arm, spins off, the Houston-based company will become the leading pure-play explorer in North America — a position it’s ready to handle, incoming CEO Ryan Lance said last week.

Beginning May 1, ConocoPhillips no longer will be among the ranks of the Big Oil integrated producers. Once Phillips 66, the refining and marketing arm, spins off, the Houston-based company will become the leading pure-play explorer in North America — a position it’s ready to handle, incoming CEO Ryan Lance said Monday.