Prepares

BP plc Group CEO Bob Dudley on Thursday said 2013 will be a “year of execution,” to build financial reserves, followed by a “year of delivery” as it prepares to deliver a portfolio of 45 major upstream projects to 2020.

As Pennsylvania prepares to put in place a unique mega-law ( H.B. 1950) to regulate and tax its blockbuster baby, the Marcellus Shale, nobody thinks it’s perfect, but most are prepared to live with it and work to improve it (see related story).

As Pennsylvania prepares to put in place a unique mega-law (HB 1950) to regulate and tax its blockbuster baby, the Marcellus Shale, nobody thinks it’s perfect, but most are prepared to live with it and work to improve it.

As it prepares to begin commercial operations later this month, El Paso Corp.’s Ruby Pipeline holds a narrow initial market in the West centered on Northern California. Markets in the Pacific Northwest and Southern California remain virtually untapped, according to sources in those regions.

As Senate Democrats prepares to take up legislation to end the oil and natural gas tax perks, the Senate Finance Committee has called the leading producers to testify Thursday.

The economic downturn could be half over, and when it ends the oil and gas industry is poised to benefit from the upturn — if it prepares now for better days, according to Ernst & Young.

The economic downturn could be half over, and when it ends the oil and gas industry is poised to benefit from the upturn — if it prepares now for better days, according to Ernst & Young.

It’s not easy being green for liquefied natural gas (LNG) project developers along Southern California’s shores as the first West Coast LNG facility prepares to open next quarter in North Baja California, Mexico, and proposals move along in Oregon. Three California offshore proposals have been diverted to examine their individual global climate change impacts, and a fourth onshore site in Long Beach awaits a critical state court hearing March 17 to try to force local officials to restart a final environmental review process that was abruptly stopped a year ago.

Favorable growth opportunities and improved basis differentials are likely to emerge from the Rockies as the western leg of Rockies Express Pipeline LLC (REX-West) prepares to start commercial operations in March, according to Questar CEO Keith Rattie, who spoke glowingly about his company’s links to the new pipeline as a part of a conference call.