Since

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BP plc has appointed Fergus MacLeod as the new strategy chief. MacLeod, a former Deutsche Bank oil analyst, has been in charge of BP’s investor relations unit since 2002 and he will continue to run that unit. Ian Smale, 51, who has been BP’s head of strategy for the past three years, has retired from BP after 30 years. MacLeod will report directly to CEO Bob Dudley. Because MacLeod formerly was an energy analyst, he is expected to be attuned to shareholder concerns as the oil major attempts to revive investor confidence. Dudley said in July that stabilizing the company was his top priority (see Daily GPI, July 27).

August 18, 2011

Portland General: Oregon’s Energy Growth Returns

For the first time since the recession hit in 2008, energy growth has been measured in Oregon, according to senior executives at Portland General Electric (PGE), who reported slightly reduced year/year earnings during a second quarter conference call with financial analysts last week. As a result, PGE’s latest plans call for increased natural gas-fired power generation — both peaking and baseload.

August 15, 2011

Portland General Resumes Energy Growth in Oregon

For the first time since the recession hit, energy growth has been measured in Oregon, according to senior executives at Portland General Electric (PGE), who reported slightly reduced year/year earnings during a second quarter conference call with financial analysts. As a result, PGE’s latest plans call for increased natural gas-fired power generation — both peaking and baseload.

August 12, 2011

Eagle Ford Task Force Formed by Texas Regulator

Texas Railroad Commissioner David Porter has assembled an Eagle Ford Task Force charged with establishing best practices for development of the South Texas play based on input from across the industry and affected communities.

July 29, 2011

Energy Jobs Picture Improves as GOM Moratorium Lifted

More than 60,000 jobs have been lost in the Gulf of Mexico (GOM) region since 2008 due to the deepwater oil and natural gas moratorium and sluggish pace of new drilling permits in the area, but 190,000 jobs could be created by 2013 for a total of nearly 430,000 industry-supported jobs nationwide if permitting returns to historic levels and backlogged projects are processed, said a new study by two producer groups.

July 18, 2011

Gulfport Energy Expands Utica Shale Acreage

Gulfport Energy Corp. announced Monday that it has expanded its acreage position in the eastern Ohio portion of the Utica Shale play.

July 13, 2011

Study Sees Strong Gulf Employment If Permitting Picks Up

More than 60,000 jobs have been lost in the Gulf of Mexico region since 2008 due the deepwater oil and natural gas moratorium and sluggish pace of new drilling permits in the area, but 190,000 jobs could be created by 2013 for a total of nearly 430,000 industry-supported jobs nationwide if permitting returns to historic levels and backlogged projects are processed, said a new study by two producer groups

July 12, 2011

EIA: Record U.S. LNG Re-Exports in January

Re-exports of foreign-sourced liquefied natural gas (LNG) reached their highest level in January since the service began in the United States in December 2009, the Energy Information Administration (EIA) said last week.

June 13, 2011

ExxonMobil Acquires More Marcellus Acreage

ExxonMobil Corp., the nation’s largest onshore natural gas producer, has acquired another 317,000 net acres in the Marcellus Shale, which nearly doubles its leasehold in the play.

June 10, 2011

EIA: U.S. LNG Re-Exports Set Record in January

Re-exports of foreign-sourced liquefied natural gas (LNG) reached their highest level in January since the service began in the United States in December 2009, the Energy Information Administration (EIA) said Monday.

June 8, 2011
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