The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance, geology,… Keep reading →
President Barack Obama vetoed legislation that approved construction of the Keystone XL pipeline. After Congress passed the bill earlier this month, Obama made goodon his many promises to veto the bill Tuesday afternoon. The action marked only the third veto of Obama’s presidency, although most predict many more to come. The president has consistently expressed… Keep reading →
The President of one of Canada’s biggest oil and gas producers warned the oil sands industry that they must cut costs or face a “death spiral”. The drop in oil prices is an “opportunity” for every part of the industry to cut costs and eliminate inefficiencies that crept into the system during years of high… Keep reading →
Saudi Aramco is in talks with banks about a $10 billion loan for general business purposes, according to two banking sources, with sources saying the deal could close by the end of the month. “News of the talks comes at a time when Aramco, the world’s biggest oil exporter, is adapting to much lower crude… Keep reading →
“Waters of the United States” or “WOTUS” in the esoteric taxonomy of the Clean Water Act (“CWA”), is a term with which many are becoming increasingly familiar. This deceptively simple phrase is anything but simple in its application…
Soros Fund Management, a hedge fund firm, took new strides in the energy sector, purchasing stakes in Devon Energy and Transocean, a regulatory filing showed Tuesday. “The investments of investorGeorge Soros and his family, bought 385,497 shares of Devon Energy and 149,000 shares of Transocean in the fourth quarter, according to a filing with the… Keep reading →
The energy industry – oil & gas sector in particular – is bracing itself for a massive wave of retirements over the short to medium term, which has been dubbed “The Great Shift Change.” As the industry prepares for this turnover, companies are looking to the next generation of candidates with skills ranging from finance, geology,… Keep reading →
Chesapeake Energy Corp on Tuesday alleged that its founder and former chief executive, Aubrey K. McClendon, stole confidential company data during his tenure prior to launching his new oil and gas empire. “McClendon, 55, “misappropriated highly sensitive trade secrets from Chesapeake” and “subsequently used these trade secrets for the benefit of” a company he founded in 2013, American Energy Partners… Keep reading →
Former Chesapeake Energy Chairman and CEO Aubrey McClendon is back in the news for allegedly stealing corporate secrets on his way out the door in 2013. McClendon is famous for founding Chesapeake and embracing new drilling technology that helped make the company one of the largest US natural gas producers. However, conflicts of interest began… Keep reading →
Shale Gas and Tight Oil are Commercially Produced in Just Four Countries EIA Today in Energy: The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil). The… Keep reading →
