Regulatory Archives - Page 82 of 84 -

Occidental Petroleum Pursuing Sale of Assets to Right-Size Company

October 21, 2013

Occidental Petroleum Corporation (ticker: OXY) is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is one of the largest U.S. oil and gas companies, based on equity market capitalization. On October 18, 2013, Occidental Petroleum announced initial actions, per its strategic review, to streamline and

Europe Unwilling to Accept Fracture Stimulation Despite Being Mired in Energy Crisis

October 18, 2013

Means of energy acquisition in Europe is a common topic, but the popularity of the subject has increased in recent years due to the United States shale boom. Fracture stimulation operations has spurred tremendous energy growth in the U.S. backed by glowing reports claiming the country will surpass Russia as the top oil producer, become a net gas exporter by

California Invests in Hydrogen as Fracing Laws Cloud State’s Energy Future

October 14, 2013

On September 28, 2013, the state of California approved a bill that will spend $20 million per year on hydrogen fuel stations until 2024. The measure, labeled Assembly Bill 8 (AB8), will commence until 100 fuel stations are constructed. Only 227 hydrogen-fueled vehicles are currently in the state, and the bill funding will come from California residents through “smog abatement”

Natural Gas: Beats Coal and Nuclear on Economic and Environmental Levels

October 7, 2013

Oil production alone has risen 34% since 2005, and the US continues to be the world’s chief producer of natural gas. Despite the surge in hydrocarbon resources, the coal industry is suffering. The vast natural gas supply unlocked by hydraulic fracturing and horizontal drilling has pushed prices below $4.00 per MMbtu. The low price of natural gas has made it

Mexico’s Oil Industry Reform Could Open Doors for International Investors; A Potential Game Changer for Long-term Country Stability?

September 25, 2013

America’s oil business is booming, thanks to breakthrough techniques and heightened E&P. To the south, Mexico is struggling, and its shortage of fuel is becoming a concern. The head of Mexico’s oil production is state-owned Petróleos Mexicanos, or Pemex. Mexico has become a major non-OPEC oil producer, exporting $40 billion in crude oil per year to the United States. Pemex

California Fracing Bill Could Slow Monterey Shale Production

September 13, 2013

On September 11, 2013, the California Assembly passed a law attempting to regulate fracing in the state’s Monterey shale. The bill, listed as Senate Bill 4 (SB 4), will go into effect on January 1, 2015. SB 4 will require companies to apply for a fracing permit, disclose what chemicals and well stimulation fluids they were using, and notify local

Japan and India Create LNG Buyer’s Group in Hopes of Luring Additional Imports

September 10, 2013

The governments of Japan and India announced on September 9, 2013, a joint buyer’s group agreement to increase the importation of liquefied natural gas (LNG) in an attempt to offset their rising energy prices. According to Mari Iwata’s report in The Wall Street Journal, the countries plan to ask fellow importers, such as South Korea and Singapore, to join the

Nuclear Is NOT a Future Power Technology Solution

August 29, 2013

Entergy Corporation (NYSE: ETR) announced plans on August 27, 2013, to close and decommission its Vermont Yankee Nuclear Power Station in Vernon, Vermont. The station is expected to cease power production after its current fuel cycle and move to safe shutdown in the fourth quarter of 2014. The station will remain under the oversight of the Nuclear Regulatory Commission throughout

Dawson Geophysical Reports Fiscal Third Quarter And Nine Month 2013 Results

August 6, 2013

Company Reports an Increase in Third Quarter Net Income And EBITDA over Comparative 2012 Quarter Dawson Geophysical Company (DWSN) today reported revenues of $75,647,000 for the third quarter-ended June 30, 2013, compared to revenues of $68,348,000 for the same quarter in fiscal 2012. Net income increased to $4,063,000, or $0.50 per share attributable to common stock, in the third quarter of

Colorado Environmental Regulation Changes On the Horizon?

July 9, 2013

A change to the way oil and gas pollution is regulated is the next big step for the Colorado Department of Public Health and Environment. CDPHE is moving forward to adopt EPA’s air pollution rules. In 2012, EPA set new standards in accordance with cost effective ways of reducing emissions. The Denver Post reported that the need for an overhaul

When Will the Keystone Pipeline Become a Necessity?

July 9, 2013

In an industry report released July 8, 2013, Raymond James & Associates asked the question: ‘When will the Keystone XL Pipeline become a necessity?’ According to analysts, Marshall Adkins & Cory Garcia, additional pipeline capacity out of Western Canada will be eventually needed if Canadian oil sands growth continues as projected. “While Keystone isn’t needed today or arguably even in

Countries Unanimously Agree on Gas-pricing System at Second Gas Summit of Gas Exporting Countries Forum

July 3, 2013

Russian leader, Vladimir Putin, has been dipping his toes in to a lot of pools lately. Between his position on possibly allowing Edward Snowden to seek asylum in Russia and his hosting of the second Gas Summit of the Gas Exporting Countries Forum (GECF) in Moscow July 1, 2013 – it’s amazing that he’s keeping the snow separated from the

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