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).
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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.
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.
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.
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.
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.
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
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.
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.
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.