Royal Dutch Shell plc wants to tiptoe back into Alaska’s frigid waters as soon as next summer after taking a pause following a series of blunders and miscalculations.
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CPUC Judge Recommends $6.75M Fine for PG&E
A California regulatory judge has recommended that Pacific Gas and Electric Co. (PG&E) be fined $6.75 million for allegedly misstating facts to the California Public Utilities Commission (CPUC) regarding an incorrectly classified natural gas transmission lateral on the peninsula south of San Francisco.
California Regulators Slammed for Utility Lapses
Using unusually harsh language, the California Senate Subcommittee on Gas and Electric Infrastructure Safety in a staff-generated report strongly criticized the California Public Utilities Commission (CPUC) for allegedly dropping the ball on safety oversight of the state’s major energy utilities.
CFTC Withdraws Court Appeal of Position Limits Rule
The Commodity Futures Trading Commission (CFTC) has voted to withdraw its appeal of a federal court decision that tossed the agency’s controversial final rule aimed at limiting speculative trading in the swaps markets, clearing the way for a new draft.
Range Sees 20-Plus Years of Work in Appalachia
Range Resources Corp. doesn’t really know how many wells it may drill from its million acre-plus holdings in the Appalachian Basin. Simple answer, “it’s a lot of wells” that will grow in number for at least 10 or 20 years, COO Ray Walker told analysts Wednesday.
Report Predicts ‘Sustained Growth’ for NatGas Industry
Sustained by low-cost shale gas resources, the North American natural gas industry has embarked on a period of sustained growth, but it will have to address the challenges of a rapidly evolving U.S. energy market for the economy to fully realize its benefits, according to a report issued Wednesday by Black & Veatch.
PG&E Pipe Penalty Decision Expected 1Q2014
Noting that the company is operating in a politically charged environment, PG&E Corp. CEO Tony Earley predicted Wednesday that pending multi-billion-dollar natural gas pipeline fines and penalty cases should be decided by state regulators in the first quarter of 2014. If proposed penalties exceeding $2 billion are imposed, Pacific Gas and Electric Co. (PG&E) will appeal in either state or federal courts.
Oxy’s California E&P Spin-Off Likely, Says CEO
Occidental Petroleum Corp. (Oxy) CEO Stephen Chazen indicated Tuesday that spinning off the company’s estimated $16 billion oil and natural gas operations in California is a likely offshoot of new strategic plans to sell off some domestic and foreign assets to expand existing U.S. holdings.
Obama Sends Energy Nominations to Senate
President Obama Wednesday sent three energy-related nominations — one for the Department of Interior and two for the Department of Energy (DOE) — to the Senate for consideration, and formally withdrew the nomination of Ron Binz to the Federal Energy Regulatory Commission.
Industry Brief
Three U.S. West Coast states and the province of British Columbia (BC) in Canada agreed to align their policies for reducing greenhouse gas (GHG) emissions and promoting clean energy. The nonbinding Pacific Coast Action Plan on Climate and Energy calls for a “shared vision” among the four Pacific North American states (California, Oregon, Washington) and BC to “create jobs and new economic opportunities” through efforts to reign in GHG emissions.