Revamp

SandRidge Energy Inc. was able to come to terms with a hedge fund that sought to revamp the company’s leadership, but some shareholders apparently think the changes don’t go far enough.

Chesapeake Energy Corp.’s share price had fallen more than 4% in afternoon trading Tuesday following news a day earlier to revamp corporate governance and rein in spending and compensation. Among other things, CEO Aubrey McClendon won’t receive a bonus for 2012 and some of his perquisites have been cut.

The shale natural gas market in North America is helping to revamp the U.S. chemicals industry and may benefit a variety of other manufacturing sectors through lower costs for raw materials and energy, according to a report issued last week by PwC US.

The shale natural gas market in North America is helping to revamp the U.S. chemicals industry and may benefit a variety of other manufacturing sectors through lower costs for raw materials and energy, according to a report issued on Tuesday by PwC US.

Weakness in the equity markets has forced Williams to revamp a plan that will create two stand-alone publicly traded companies from its exploration and production (E&P) business and natural gas pipeline unit, the Tulsa -based company said Tuesday.

With its reputation in tatters and costs continuing to escalate, BP plc last week launched a radical revamp, moving aside its CEO and shaking up its operations with plans to sell close to $30 billion worth of its worldwide assets.

Chesapeake Energy Corp. on Monday announced a revamp of its natural gas operations in a plan to raise up to $5 billion to repay up to $3.5 billion of senior debt and to increase its investment in liquids-rich plays by up to $1.5 billion.

The Commodity Futures Trading Commission (CFTC) plans to hold a series of hearings this month and in August to seek input from the public on how the agency should use all of its existing authorities to protect the integrity of the futures markets, said Chairman Gary Gensler. The first hearing will focus on whether federal speculative limits should be set by the CFTC on all commodities of finite supply, particularly energy commodities such as crude oil, natural gas, heating oil and gasoline.

Democrats on the House Committee on Natural Resources are circulating a discussion draft bill that would almost entirely revamp the way the Department of Interior (DOI) operates, as well as raise onshore royalties for oil and gas by 50%, cut onshore lease terms from 10 years to five, raise minimum onshore bonus rates, eliminate all royalty-in-kind programs and set up planning for the leasing of federal lands on a state-by-state basis.