With West Virginia’s Marcellus Shale industry still in its infancy and state regulators saying they need additional staff and funding to adapt to the burgeoning drilling business, more than a dozen candidates are seeking to be elected later this year to a 14-month term as governor of the Mountain State.
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BP Chief’s Comments a ‘Disservice’ to Industry, Says Tillerson
ExxonMobil Corp.’s top gun on Wednesday took a shot at BP plc CEO Bob Dudley’s assertion that the Macondo well blowout in the Gulf of Mexico last April resulted from industry-wide safety lapses.
BP Chief’s Comments a ‘Disservice’ to Industry, Says Tillerson
ExxonMobil Corp.’s top gun on Wednesday took a shot at BP plc CEO Bob Dudley’s assertion that the Macondo well blowout in the Gulf of Mexico last April resulted from industry-wide safety lapses.
Martens Confirmed as New York DEC Commissioner
Joseph Martens was confirmed as commissioner of the New York Department of Environmental Conservation (DEC) on Tuesday.
Low Prices Just Too Tempting; April Scores Double-Digit Gain
April natural gas futures rose Monday as end-users took advantage of sub-$4 pricing and discounted forecasts calling for milder if not unseasonably warm temperatures. At the close April had gained 11.8 cents to $3.927 and May rose 9.7 cents to $3.984. April crude oil added $1.02 to $105.44/bbl.
PG&E Takes $283M Hit From Pipeline Rupture
While still posting in excess of $1 billion in profits for all of last year, San Francisco-based PG&E Corp. reported Thursday that it took $283 million, or 43 cents/share, in charges for its utility’s fatal San Bruno transmission pipeline rupture last September.
Traders See $4 In Sight; February Founders at Expiration
The February natural gas futures contract took a nasty fall on expiration Thursday. Traders noted that a 174 Bcf withdrawal reported by the Energy Information Administration included a 10 Bcf adjustment, thus tempering the amount of gas actually used.
Barnett Water Well Contamination Hearing Under Way in Austin
Witnesses for Range Resources Corp. took the stand Wednesday during the first day of a hearing at the Railroad Commission of Texas (RRC) in Austin, TX, to defend the company against allegations by the Environmental Protection Agency (EPA) that its drilling activities in the Barnett Shale caused the contamination of private water wells in the area. However, EPA representatives were not in attendance.
Local Board Reverses Course on Oregon LNG Pipeline
One of two problematic liquefied natural gas (LNG) terminal proposals in Oregon took a step backward when a newly constituted local county elected board voted 4-1 to rescind approval for a pipeline that would connect Oregon LNG’s proposed terminal along the Columbia River at Warrenton, OR, with the metropolitan Portland area.
Alaska High Court to Hear Disputed Senate Case
Republican candidate Joe Miller took his challenge of the outcome of Alaska’s disputed U.S. Senate race to the state Supreme Court Friday. He is asking the state’s highest court to overturn a decision by a Superior Court judge that was favorable to write-in candidate and incumbent Sen. Lisa Murkowski (R-AK).