Taken

Harvard Gives FracFocus a Low Grade; Critics Deplore Academic Methods

A critical review of the energy industry’s FracFocus registry by the Harvard Law School’s Environmental Law Program last week was taken to the woodshed for allegedly including false statements and misrepresentations in its review.

April 29, 2013

Intermountain LNG Facility Flush; Utility Customers Benefit

Idaho regulators have taken steps to make sure local MDU Resources Group utility Intermountain Gas Co.’s current projected surplus of liquefied natural gas (LNG) that is sold to nonutility customers includes benefits for the retail regulated gas utility customers.

April 24, 2013

Northeast Plunge Leads Broad Retreat; Futures Slip Again

The cash market overall retreated 28 cents Wednesday, but if multi-dollar swan dives taken by Northeast and other thinly traded points are excluded, the drop comes to a more meaningful 11 cents. Nearly all points sustained sizeable losses. Midcontinent and California locations were down by double digits, but Gulf points also weakened. At the close of futures trading May had fallen 6.9 cents to $3.900 and June was off by 6.9 cents as well to $3.950. May crude oil plunged $2.74 to $94.45 on unsupportive inventory data and weak economic news.

April 4, 2013

Former BP Chief Takes Helm at GTL Developer

Tony Hayward, who resigned as BP plc Group CEO following the turbulence that followed the the Macondo well blowout in the Gulf of Mexico’s deepwater, has taken over as chairman of CompactGTL, which has pioneered a modular gas-to-liquids (GTL) system for flared natural gas.

March 11, 2013

People

Tony Hayward, who resigned as BP plc Group CEO following the turbulence that followed the the Macondo well blowout in the Gulf of Mexico’s deepwater, has taken over as chairman of UK-based CompactGTL, which has pioneered a modular gas-to-liquids (GTL) system for flared natural gas. Hayward has been running Genel Energy plc, an Anglo-Turkish explorer. He also participated in Vallares plc, an energy fund vehicle backed by a group of investors. Royal Dutch Shell plc is the dominant leader in giant global GTL technology; CompactGTL is on the other end of the spectrum. The smaller plants are designed to harness flared gas from oilfields.

March 11, 2013

Newfield Needs to Show Growth, Says Analyst

Shares of Newfield Exploration Co. (NFX) have taken a beating since the company last week provided its outlook for liquids production growth and announced plans to jettison international assets in favor of U.S. plays. It’s a sign that investors have heard enough talk and are ready to see action.

February 25, 2013
Plan In Hand, Newfield Needs to Execute, Analyst Says

Plan In Hand, Newfield Needs to Execute, Analyst Says

Shares of Newfield Exploration Co. (NFX) have taken a beating since the company last week provided its outlook for liquids production growth and announced plans to jettison international assets in favor of U.S. plays. It’s a sign that investors have heard enough talk and are ready to see action.

February 21, 2013

Canadian Drillers Take Another Look at Remote Canol Shale

A winter drilling season with potential to fulfill Canadian northern oil visions has begun, with an adventurous spirit driving bits down into an all but untouched shale deposit known as the Canol.

February 1, 2013

Gas Groups Urge Speaking as One to Fight Fracking Fears

Natural gas groups Wednesday said they were hopeful the Obama administration will provide a more cohesive energy policy during the president’s second term, at the same time urging various industry segments to speak to lawmakers and the public with one voice on hydraulic fracturing (fracking).

January 18, 2013
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