The Obama administration released its fiscal year 2017 budget request Tuesday, drawing harsh criticism from oil and gas groups, which accused the president of advancing anti-fossil fuel policies at the expense of consumers.
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Articles from President
People — Matthew Cabell; John McGinnis; John Pustulka; Carl Carlotti, David Bauer, Anna Marie Cellino, NFG
National Fuel Gas Co.’s (NFG) exploration and production subsidiary, Seneca Resources Corp., said President Matthew D. Cabell will retire on May 1. Cabell joined Seneca in 2006 with 26 years of experience working in the energy industry. John P. McGinnis, who currently serves as Seneca’s chief operating officer, has been appointed the company’s new president. McGinnis joined the company as senior vice president in 2007. Other executive management changes, which will take effect Feb. 1, include the appointment of John R. Pustulka as chief operating officer of NFG and David Bauer as president of subsidiary National Fuel Gas Supply Corp. Bauer would continue to serve as treasurer and principal financial officer of NFG. Carl M. Carlotti also has been named president of National Fuel Gas Distribution Corp. He replaces Anna Marie Cellino, who retires Feb. 1. Carlotti joined the utility in 1985 and has been senior vice president since 2007.
Obama Praises Renewables, But Not Shale Development, in Final State of the Union
In his final State of the Union address Tuesday, President Obama touted America’s success in developing renewables like wind and solar but, unlike previous speeches, omitted any reference to the role of natural gas or unconventional drilling in securing the nation’s energy future.
People — EQT, ExxonMobil
Steven T. Schlotterbeck has been named president of EQT Corp. As part of a corporate realignment, Schlotterbeck will also retain his responsibilities as president of exploration and production. As president, though, EQT said he will assume responsibility for human resources; environment; health; and safety and external affairs. Schlotterbeck joined EQT in 2000, serving in various engineering and management positions until 2008 when he was promoted to serve as president of exploration and production.
People — Occidental Petroleum
Occidental Petroleum Corp. (Oxy) named 35-year company veteran Vicki Hollub president and COO and added her to the board of directors. Earlier this year, the board signaled that Hollub eventually would replace CEO Steve Chazen after his retirement, which is expected at next year’s shareholders’ meeting. Hollub had been senior executive vice president at Oxy and president of Oxy Oil and Gas.
Crude Oil Export Bill Passes House, But Support Not Enough to Override Veto
A bill that would lift a ban on most domestically produced crude oil exports cleared the House of Representatives by a 261-159 vote on Friday, enough to ensure the measure moves on to the Senate but well short of the two-thirds needed to override a promised veto by President Obama.
Newly Formed Evolution Midstream Secures $300M Equity Commitment
Denver’s Evolution Midstream LLC, launched in July to provide integrated solutions across the onshore, has secured $300 million from a Texas private equity firm and management.
Temperature Updates Turn Warmer; July Called 7 Cents Higher
July natural gas is set to open 7 cents higher Monday morning at $2.66 as weather forecasts call for greater cooling requirements in eastern and Midwest population centers. Overnight oil markets fell.
Temperature Updates Turn Warmer; July Called 7 Cents Higher
July natural gas is set to open 7 cents higher Monday morning at $2.66 as weather forecasts call for greater cooling requirements in eastern and Midwest population centers. Overnight oil markets fell.
House Sends Keystone XL Bill to White House, Setting Up Likely Veto
In the latest move of what has become a chess match between the Republican-controlled Congress and the White House, the U.S. House of Representatives voted 270-152 on a bill to construct the controversial Keystone XL oil pipeline.