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Litigation trends

Oil & Gas Journal's "General Interest" section includes stories about economics, government, health, safety, and the environment, companies, and personnel moves and promotions. Among these news stories are occasional pieces about lawsuits and legal challenges from environmental and other groups-and the fallout that comes from years of legal wrangling.

Apache to reorganize into three regions

Houston independent Apache Corp. reported plans to restructure the company into three "super regions" following a series of acquisitions and divestitures over the last 5 years.

A crazy ethanol idea

Catching up on its annual requirements for biofuels, the US Environmental Protection Agency offered a reminder for why the country has a Renewable Fuel Standard (RFS). 

Apache closes on sale of Australian subsidiary

Houston independent Apache Corp. has completed the previously disclosed sale of its Australian subsidiary Apache Energy Ltd. to a consortium of private equity funds managed by Macquarie Corporate Holdings Ltd. and Brookfield Asset Management Inc.

Indonesia to ask OPEC to reactivate its membership

Indonesia plans to ask the Organization of Petroleum Exporting Countries to reactivate its membership when the cartel holds its regular ministerial meeting June 5 in Vienna, said Indonesian Energy Minister Sudirman Said. The southeast Asian producer withdrew from OPEC in 2009.

MARKET WATCH: NYMEX oil prices drop the day before OPEC maintains quota

Oil prices fell on the New York and London markets on June 4 but were moving back up again June 5 in early trading after the Organization of Petroleum Exporting Countries agreed to maintain its 30 million b/d production quota, which most market participants had expected.

ANGA says industry using latest technology to protect water

Industry is committed to making continuous improvements and using the latest technology to recycle water and use nonpotable water, Marty Durbin, president and chief executive officer of America’s Natural Gas Alliance, said in response to a government agency’s draft about water and hydraulic fracturing.  

APA Group finalizes Queensland pipeline acquisition

Australian gas infrastructure entity APA Group has completed its purchase of BG Group’s 543-km pipeline network linking BG Group’s Surat-Bowen basin coal seam gas fields with the recently commissioned LNG plant on Curtis Island near Gladstone in Queensland.

Gazprom Neft completes first winter sea shipments of oil from Yamal Peninsula

JSC Gazprom Neft reported completion of its first winter shipments of oil from Novoportovskoye field in Russia’s Yamal Peninsula.

EPA draft assessment finds no widespread harm to drinking water from fracturing

The US Environmental Protection Agency released a draft assessment June 4 of a study in which it concluded hydraulic fracturing activities have not led to widespread, systemic impacts on drinking water resources, although the agency said potential water vulnerabilities exist.

NGSA: Downward pressure expected on gas prices this summer

Despite expectations for record-setting summer demand, pressure on this summer’s natural gas prices is likely to be downward compared with summer 2014, the Natural Gas Supply Association said in its 15th annual Summer Outlook assessment of the natural gas market. NGSA said it expects production to set records and be more than enough to meet demand.

PHMSA finds 82% WT loss at Santa Barbara rupture site

Plains All American Pipeline LP’s (PAA) 24-in. OD Coastal Line 901 crude pipeline had suffered 82% WT loss at the site of the May 19 rupture in Santa Barbara, Calif., according to an amended corrective action order issued June 3 by the US Pipeline and Hazardous Materials Safety Administration (PHMSA).

MARKET WATCH: NYMEX oil prices slump on high crude inventory, OPEC meeting

US light, sweet crude oil prices dropped more than $1/bbl on the New York market June 3 to settle below $60/bbl pending a highly anticipated June 5 meeting of the Organization of Petroleum Exporting Countries.

Senate panel divided on bills to modify EPA’s proposed ozone rules

US Senate Environment and Public Works Committee members divided along party lines over the US Environmental Protection Agency’s proposed National Ambient Air Quality Standards covering ground-level ozone, and a trio of Republican bills that would delay or modify their implementation.

E&Y: US firms’ capex, revenues, reserves up again in 2014, but cuts loom

US oil and gas companies reported increases across the board in capital expenditures, revenues, and reserves in 2014 as oil prices nearly halved during the second half, according to an annual oil and gas reserves study conducted by Ernst & Young unveiled in Houston on June 3.

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