Marathon Oil Corp. CEO Charles Cazalot will be required to step down in three years when he turns age 65, but the company has a succession planning process in place, Cazalot said during an earnings conference call. Last December COO David Roberts left the company with less than a week’s notice “to pursue other interests.” Cazalot said Marathon has a “very strong team and the company is in very good hands, and succession planning for the leadership team is a critical priority.” Roberts had been viewed by some as a successor to Cazalot.
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Chesapeake Clinches 10-Year Supply Agreement with Methanex
Chesapeake Energy Corp. has agreed to supply all of the natural gas supplies over a 10-year period required for Methanex Corp.’s 1 million metric ton/year methanol plant, set to begin operations in late 2014 in Geismar, LA.
January 25, 2013
Nebraska Gov. OKs New Keystone XL Pipeline Route
Nebraska Gov. Dave Heineman on Tuesday approved a revised route for the northern portion of TransCanada Corp.’s proposed Keystone XL oil pipeline that would run through his state. He notified both President Barack Obama and Secretary of State Hillary Clinton of his decision in a joint letter.
January 23, 2013
U.S. Oilsands? Uinta Project to Test Possibilities
Is the next U.S. energy boom following shale going to evolve around oilsands? A Canadian producer is testing the viability of the unconventional oil based on its work to date in Utah.
January 18, 2013
Valero Cleared to Move Eagle Ford Crude to Canada
The U.S. Commerce Department has granted Valero Energy Corp. a one-year authorization to ship crude oil from the U.S. Gulf Coast to a company-owned refinery in Quebec, Canada.
December 24, 2012
Range’s Mississippian Program Accelerates on Early Well Results
Range Resources Corp.’s planned five-rig drilling program for 2013 in the Mississippian Lime, which was scheduled to start up early next year, already is under way based on encouraging results from a crop of wells in the Nemaha Ridge area, the company said Thursday.
November 30, 2012
FERC OKs Transco System Expansion to Northeast
FERC on Friday approved Transcontinental Gas Pipe Line’s (Transco) Northeast Supply Link project to provide additional firm transportation service from the Marcellus shale play to meet growing demand for natural gas in Pennsylvania, New Jersey and New York City.
November 6, 2012
CFTC Clarifies Rules for Swap Registration
The Commodity Futures Trading Commission (CFTC) last week clarified its regulations with respect to when a swap dealer will be required to register with the agency under the new Dodd-Frank Wall Street reforms.
September 17, 2012
CFTC Clears Up Confusion Over Swap Registration Deadline
The Commodity Futures Trading Commission (CFTC) Monday clarified its regulations with respect to when a swap dealer will be required to register with the agency under the new Dodd-Frank Wall Street reforms.
September 11, 2012
Anadarko Said Looking for Atlantic Rim Buyer
Anadarko Petroleum Corp. apparently is soliciting bids for all of its operated coalbed methane (CBM) assets in the Atlantic Rim project in Wyoming, according to Warren Resources Inc., which says it has a partnership interest and preferential rights on Anadarko’s share.
August 9, 2012
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