Obama Nominates Giancarlo to CFTC

J. Christopher Giancarlo, executive vice president of the brokerage firm GFI Group Inc., has been nominated by President Obama to fill an opening on the Commodity Futures Trading Commission (CFTC), the White House said.

August 7, 2013

Marcellus Shale Coalition CEO Klaber Resigning

Kathryn Klaber, who has helmed the industry-led Marcellus Shale Coalition (MSC) as CEO for almost four years, is stepping down, she said Friday.

July 29, 2013

Ohio Chemicals Disclosure Rules Scrutinized

The U.S. Environmental Protection Agency (EPA) is probing a chemical emergency at an oil well facility in January, where an inventory of chemicals wasn’t available to first responders as required under federal law.

June 27, 2013

GreenHunter’s Wheeling Plant Could Provide Free Frack Water

GreenHunter Resources Inc.’s planned water treatment, recycling and condensate handling logistics terminal in Wheeling, WV, to serve the Marcellus and Utica shale region could provide drillers with free recycled wastewater for hydraulic fracturing (fracking) operations.

May 29, 2013

New Rail Parks Slated for Eagle Ford Country

National Property Holdings LP plans to develop the Alamo Junction Rail Park and serve the Eagle Ford Shale region’s growing demand for rail-based logistics and warehousing. The project joins another recently announced park targeting oil/gas patch-related industrial development in the region.

May 20, 2013

EOG’s Papa Sees Bakken Growth Rate Slowing, Eagle Ford Surging Ahead

Shares of EOG Resources Inc. rose sharply on Tuesday after the company reported a nearly 53% increase in net income for the first quarter of 2013, gains due in large part to hefty growth in crude oil production from the Eagle Ford Shale.

May 8, 2013

Investor Revolt Sends Oxy Chairman Irani Packing

Occidental Petroleum Corp. (Oxy) Chairman Ray Irani on Friday withdrew as a nominee to serve another term on the board of directors, and he was a no-show for the company’s annual meeting in Santa Monica, CA, Oxy said.

May 6, 2013


Occidental Petroleum Corp. (Oxy) Chairman Ray Irani withdrew as a nominee to serve another term on the board of directors, and he was a no-show for the company’s annual meeting in Santa Monica, CA, on Friday (May 3), Oxy said. Edward Djerejian, a former U.S. diplomat who served as an ambassador to Israel and who is a former assistant secretary of State, is assuming the role of independent chairman. He has been an independent director since 1996. Spencer Abraham, the former secretary of Energy for President George W. Bush, was elected independent vice chairman. Irani, 78, had worked at Oxy since 1978, taking over as chairman and CEO in 1990 after founder Armand Hammer died. Irani, who had planned to retire in 2014, had turned over the CEO post two years ago to Steve Chazen, 66, who had served in the executive suite since 1994. Earlier this year Irani had attempted to oust Chazen, which led to criticism by major shareholders. However, days ago the board said Chazen would remain CEO through 2014 “with full board support.”

May 6, 2013

ExxonMobil Urges Shareholders to Defeat Shale Proposals

Shareholders once again are urging ExxonMobil Corp. to report how its natural gas operations in shale formations impact the environment. The oil major once again is recommending the proposal be defeated.

April 15, 2013

Utility, NatGas Transportation Fight Emerges in SoCal

A range war of sorts has broken out in California between competitive compressed natural gas (CNG) transportation fueling companies and monopoly utilities seeking to serve some of the CNG load to their existing customers.

April 9, 2013
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