Review

In rebuttal comments filed at the Department of Energy (DOE), producers have called on the department to proceed with review and approval of liquefied natural gas (LNG) export applications expeditiously, saying the nation has more than enough natural gas to meet domestic demand and supply exports.While producers favor exports, large gas users and environmentalists are mostly opposed to them.

Occidental Petroleum Corp.’s (Oxy) board has launched a search for a new CEO as part of the company’s management succession planning process. The board has formed a search committee to review both internal and external candidates to replace current President and CEO Stephen Chazen, 65. No timetable has been set for the completion of the search. As previously announced, Oxy Executive Chairman Ray Irani, who is in his late 70s, will retire at the end of 2014.

Worldwide production of shale oil has the potential to reach 14 million b/d by 2035, about 12% of the world’s total oil supply, prompting a 25-40% decline in oil prices, according to a report issued Thursday by PwC.

The National Oceanic and Atmospheric Administration (NOAA), a division of the Commerce Department, said it plans to conduct a supplemental environmental review of the incidental taking of marine mammals, specifically whales, dolphins, sea lions and seals, by the oil and gas industry incidental to exploration activities in Alaska’s Chukchi and Beaufort Seas.

The National Oceanic and Atmospheric Administration (NOAA), a division of the Commerce Department, announced that it plans to conduct a supplemental environmental review of the incidental taking of marine mammals, specifically whales, dolphins, sea lions and seals, by the oil and gas industry incidental to exploration activities in Alaska’s Chukchi and Beaufort Seas.

The Marcellus and Utica shales aren’t drawing near the attention they have been, according to a review of 4Q2012 mergers and transactions (M&A) in the United States by PwC US.

Dominion said Friday it will proceed with engineering, marketing and regulatory review processes for proposed natural gas liquefaction and export facilities at its Dominion Cove Point liquefied natural gas (LNG) import terminal on the Chesapeake Bay in Lusby, MD, following a favorable court ruling on the project.

Dominion said Friday it will proceed with engineering, marketing and regulatory review processes for proposed natural gas liquefaction and export facilities at its Dominion Cove Point liquefied natural gas (LNG) import terminal on the Chesapeake Bay in Lusby, MD, following a favorable court ruling on the project.

North American exploration and production spending in 2013 will be dominated by Big Oil, international oil companies (IOC) and national oil companies (NOC), according to an annual spending review by Barclays Capital.