Poised

Houston’s ConocoPhillips, which is poised to become the largest pure-play independent in North America once it spins off its refining unit, said Ryan M. Lance will assume the chairman and CEO role when current chief Jim Mulva retires in 2012. Mulva, who has run the company since it merged with refining giant Phillips Petroleum Co. in 2002, plans to step down once the repositioning, announced in July, is complete (see NGI, July 18). Lance currently is senior vice president, exploration and production, international. Greg C. Garland was elected by the board to chair and become CEO of the new downstream company. Garland is currently senior vice president, exploration and production, Americas for ConocoPhillips.

The Senate Appropriations Commission Thursday was poised to vote out along partisan lines a spending bill that provides the Commodity Futures Trading Commission (CFTC) with an 18% hike in funding for fiscal 2012 to implement reforms under the Dodd-Frank Wall Street Reform Act.

The United States is poised for an “energy renaissance” that would give it independence from foreign energy supplies and create thousands of jobs, but it won’t happen without federal policies that expand domestic access to resources and give companies more regulatory clarity, Chevron Corp. CEO John Watson said last week.

The United States is poised for an “energy renaissance” that would give it independence from foreign energy supplies and create thousands of jobs, but it won’t happen without federal policies that expand domestic access to resources and give companies more regulatory clarity, Chevron Corp. CEO John Watson said Wednesday.

Royal Dutch Shell plc and Ukraine’s state-owned oil company Naftogaz Ukrainy appear poised to clinch a deal to develop and explore shale gas in the eastern European country, with Shell initially investing about $800 million for exploration and production (E&P), according to a top Ukrainian official.

The Pittsburgh region is poised to enjoy freedom from foreign energy and a new era of self-sufficiency, thanks to development of the Marcellus Shale, according to a recent report.

An official with the Pennsylvania Fish and Boat Commission (PFBC) said a recent media report that the commission was poised to rake in millions of dollars from a five-year deal to sell lake water for use in hydraulic fracturing (fracking) was exaggerated.

An official with the Pennsylvania Fish and Boat Commission (PFBC) said a recent media report that the commission was poised to rake in millions of dollars from a five-year deal to sell lake water for use in hydraulic fracturing (fracking) was exaggerated.

The House Appropriations Committee Tuesday was poised to vote out a $27.5 spending bill that makes deep cuts in funding for the Interior Department and Environmental Protection Agency (EPA) for fiscal year (FY) 2012.