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Tight profit margins boost internal efficiency at natural gas companies

Erratic natural gas prices and fierce competition are forcing companies to work more efficiently and to innovate.  More »

Most voters oppose raising energy taxes, industry poll shows

Most registered voters oppose raising energy taxes now and believe higher taxes on oil and natural gas companies would hike costs for consumers, according to a poll unveiled Tuesday.  More »

Ecuador judge says he exaggerated bribery claims to Chevron

A former Ecuadorean judge who testified he and a colleague received bribes from plaintiffs who won a $19 billion pollution judgment against Chevron Corp. told a U.S. court he initially exaggerated those claims.  More »

Handouts are not Helping Hands

The Center for American Progress (CAP) and similar liberal organizations contend that government must help change the US energy mix.  Although past efforts over the past 40 years make clear that as former Treasury Secretary Larry Summers told President Obama, “the government is a crappy venture capitalist.”  The verdict is in: industrial policy doesn’t work! […]  More »

Energy companies can help stop prairie chicken listing

If the federal government lists the lesser prairie chicken as threatened, it could get in the way of oil and gas drilling in West Texas.  More »

Texas politicians buttress Houston’s bid for energy ‘Olympics’

Texas politicians have united to bolster Houston’s bid to host a massive energy conference known as the Olympics of the oil and gas industry, on the eve of a decisive vote over where the 2017 summit will take place.  More »

Anadarko-chartered ship leaves port, official says

Venezuela agreed to release the vessel and its crew.  More »

W&T Offshore buying $100M in Gulf of Mexico properties

The deal includes a 15% working interest in the Medusa field, which is at deep-water Mississippi Canyon blocks 538 and 582; a 10% membership interest in Medusa Spar; and various interests in 12 non-operated Gulf of Mexico fields.  More »

Technip executive to succeed retiring McDermott CEO

David Dickson will join McDermott from Technip, succeeding Stephen Johnson as president and CEO.  More »

Valero ready to sell off rest of CST Brands stake

San Antonio-based CST Brands said it will offer 13,112,564 shares of common stock — Valero’s stake — “as soon as practicable,” according to a document it filed with the Securities and Exchange Commission.  More »

Environmental groups fighting Exxon expansion at Baytown

Exxon Mobil regional spokesman Russ Roberts said the TCEQ’s decision to issue a draft permit shows that the proposal meets the commission’s various standards.  More »

Plains GP Holdings unchanged in stock trading debut

Plains GP, which trades under the symbol PAGP, closed at $22 in New York. The company sold 128 million shares for $22 each, according to a company statement yesterday, after offering them for as much as $25 apiece.  More »

Oil inventories climbed 5.94 million barrels last week, API says

Oil supplies rose 5.94 million barrels last week, the American Petroleum Institute said.  More »

Age of Gas To Bring Greater Flexibility, Resilience, GE White Paper shows

Denser networks for natural gas will contribute to greater flexibility and improved economics, according to a new white paper released by GE. The paper, called the Age of Gas, argues that the expanding network of natural gas infrastructure expected from the gas boom, will enhance deliverability, leading to greater supply resiliency and less price volatility. […]  More »

Supreme Court takes limited review of consolidated greenhouse gas cases

Well today I was surprised that the Supreme Court granted certiorari to one of the questions from the consolidated, complex, greenhouse gas cases decided by the DC Circuit Court of Appeals.  In that case, the DC Circuit upheld the EPA’s endangerment finding for greenhouse gases, held that plaintiffs didn’t have standing to challenge another part […]  More »