Training

The climax of a three-day “Stop the Frack Attack” anti-hydraulic fracturing (fracking) rally in Washington, DC, on Saturday had been advertised by its organizers as an event that would bring “thousands of people from across the U.S. and around the globe” to protest the practice.

A Jefferies & Co. analyst this week cut his 2012 earnings forecasts and price targets by 30-50% for some of the biggest domestic onshore drillers and well service companies because he expects to see slower growth for oil and gas rigs.

The Pittsburgh region is poised to enjoy freedom from foreign energy and a new era of self-sufficiency, thanks to development of the Marcellus Shale, according to a recent report.

State-regulated local natural gas distribution companies would receive 9% of the emission credit allowances for free under an allocation plan proposed by House Energy and Commerce Committee Chairman Henry Waxman (D-CA) and Rep. Edward Markey (D-MA) in their draft legislation to reduce emissions of carbon dioxide (see Daily GPI, April 2).

Mexico’s state-run oil and gas company Petroleos Mexicanos (Pemex) and Calgary-based Nexen Inc. plan to collaborate on research, training and oil and natural gas exploration and production — with an emphasis on offshore deepwater and coalbed methane (CBM) projects.

Mexico’s state-run oil and gas company Petroleos Mexicanos (Pemex) and Calgary-based Nexen Inc. plan to collaborate on research, training and oil and natural gas exploration and production — with an emphasis on offshore deepwater and coalbed methane (CBM) projects.

Responding to an April order requiring them to show how they have cleaned up their price-reporting practices, a number of energy companies last week told FERC they either have cut back their natural gas trading to bare-bones operations or completely pulled out of the business, fired and disciplined rogue traders, and bowed out of price reporting until reforms are enacted.