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PNR closes sale of Alaska subsidiary

Apr 16, 2014

Pioneer Natural Resources Co. (PNR), Dallas, has completed the sale of its subsidiary Natural Resources Alaska Inc. to Caelus Energy Alaska LLC, Dallas, for $300 million. PNR initially reported a sale price of $550 million.

MARKET WATCH: Crude oil prices fall as talks start on Ukraine

Apr 16, 2014

Prices for light, sweet crude oil fell modestly on the New York market Apr. 15 while gasoline futures reached their highest level since Aug. 29, 2013, pending the release of a weekly US government report on oil and product inventories.

GAO: Scant information exists about NEPA analyses’ costs, benefits

Apr 15, 2014

Little information exists about the costs and benefits of analyses required under the National Environmental Policy Act, the Government Accountability Office said. Federal agencies do not routinely track the costs, and there is no government-wide mechanism to do so, GAO investigators said they learned from officials at the US Environmental Protection Agency, White House Council on Environmental Quality, and other agencies.

Texas Petro Index reaches record-high for February

Apr 15, 2014

The Texas Petro Index (TPI), a composite index based on a comprehensive group of upstream economic indicators released by the Texas Alliance of Energy Producers (TAEP), reached yet another record high, tallying a score of 300.6 in February as a result of rapidly increasing production, higher wellhead prices, and revised statewide employment numbers.

DOE lets ConocoPhillips Alaska resume LNG sales to non-FTA countries

Apr 15, 2014

The US Department of Energy approved a ConocoPhillips Co. subsidiary’s request to resume exports of LNG to countries not having a free-trade agreement with the US from the company’s Kenai facility in Alaska in an Apr. 14 order. ConocoPhillips’s authorization for such LNG exports from the site expired on Mar. 31, it noted.

EPA white papers offer hint of methane, VOC emissions

Apr 15, 2014

The US natural gas industry received a preview of a new regulatory push on Apr. 15 when the Environmental Protection Agency published white papers on emissions of methane and volatile organic compounds (VOCs) in five operational categories.

Noble to appoint new chief executive officer

Apr 15, 2014

Noble Energy Inc. reported that Charles D. Davidson, chairman and chief executive officer, plans to retire and leave the company’s board on May 1.

MARKET WATCH: Brent prices climb on Ukraine, Libya news; NYMEX oil follows

Apr 15, 2014

Ongoing political instability in Ukraine and Libya continued to drive up crude oil futures prices on New York and London markets Apr. 14 to their highest levels in more than a month.


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