LANSING, Mich. (AP) — The Michigan Department of Natural Resources has barred two energy companies under criminal indictment from participating in oil and gas lease auctions.
DNR Director Keith Creagh says Chesapeake Energy Corp. and Encana Corp. can't participate in auctions until Michigan charges against them are resolved. The state also won't execute Encana's pending lease and will refund the company's money.
ConocoPhillips, which has been streamlining to focus on profitable core operations, says it has upped its reserves in the Eagle Ford shale by 40 percent to 2.5 billion barrels, The Wall Street Journal reports.
Tachyus, a startup aimed at providing improved data analysis from the field for the oil and gas industry using sensors and mobile applications, is announcing it has raised $6 million from a group of backers, The New York Times reports.
BISMARCK, N.D. (AP) — North Dakota's oil industry is backing new rules intended to crack down on the illegal dumping of radioactive oil filter socks, the tubular nets that strain liquids during the oil production process.
"Our members have committed to protecting our resources," said Kari Cutting, vice president of the North Dakota Petroleum Council, which represents more than 500 companies working in the state's oil patch. "The industry wants to see an end to illegal dumping, too."
The Washington Post, in re-examining Canadian oil sands leases, has clarified that Koch Industries has the biggest U.S. presence in the region, but that two Canadian firms may have slightly larger territory.
Norway's Statoil is looking to new technology to cut its carbon dioxide emissions from processing Canadian oil sands, with a goal of reducing them by 20 percent in a six-year-period, Bloomberg reports.
NEW ORLEANS (AP) — Lawyers for a south Louisiana flood control board say they'll change their contingency fee contract in a suit accusing 97 oil and gas companies of contributing to coastal erosion if the companies will pay them as part of a settlement.
The lawsuit, which Gov. Bobby Jindal opposes, seeks to hold the industry accountable for damage done by dredging for pipelines and canals and other activity in fragile coastal wetlands.
Bureau of Safety and Environmental Enforcement Director Brian Salerno on Tuesday said the Interior Department is getting ready to unveil its new offshore Arctic oil and gas drilling safety rule.
In a blog post, Salerno said BSEE has been working with the Interior Department's offshore leasing arm, the Bureau of Ocean Energy Management, to develop the new Arctic Drilling Rule. The department had hoped to make the proposal public by the end of 2013, but pushed back its release in part because of the government shutdown last October.
HARRISBURG, Pa. (AP) — The energy industry wants a Pennsylvania court to let it play a formal role in sorting out the loose ends after a landmark court decision on a new state law designed to modernize oil and gas drilling regulations.
A Wednesday hearing is scheduled in Commonwealth Court over the request to intervene by the Pennsylvania Independent Oil and Gas Association, the Marcellus Shale Coalition and the American Petroleum Institute.
A senior official with the American Council for Capital Formation, which is funding “Unlock Crude Exports,” a new push to repeal the ban on shipping U.S. crude overseas, says doing so would allow the country to take full advantage of its energy boom, FuelFix reports.
The Environmental Protection Agency’s proposed rule to limit air pollution from refineries could have the opposite effect because it would force installation of new flaring systems instead of continuing the trend of reducing flaring, according to comments the American Petroleum Institute filed on the regulation, The Hill reports.
Oil was sliding again early Thursday after the Federal Reserve wound up its asset-purchase program and the Energy Information Administration reported the highest level of U.S. production since the 1980s. West Texas Intermediate crude for December delivery fell 81 cents to $81.39 a barrel in electronic trading on the Nymex, while in London Brent lost 86 cents to $86.26, Bloomberg reports.
Sen. Mary Landrieu, D-La., made a pointed reference to her influence as chair of the Senate Energy and Natural Resources Committee while Republican candidate Rob Maness emphasized his support for increased oil and gas drilling, during the final debate of the campaign before the state’s Nov. 4 “jungle primary,” The Times-Picayune reports.
Republican Senate candidate Scott Brown visited the Seabrook nuclear plant Wednesday, and later in a statement accused incumbent Sen. Jeanne Shaheen, D-N.H., of failing to support nuclear power, but she responded by saying nuclear energy is an important part of the fight against climate change, The Associated Press reports.
Osaka Gas Co. and Chubu Electric Power Co., which have contracted to buy gas from the proposed Freeport LNG terminal, will also supply $1.2 billion toward construction of the first unit, while $3.85 billion will come from Japanese banks, FuelFix reports.
Plaintiffs in a class action lawsuit against Exxon Mobil over a 2013 oil spill in Arkansas filed a motion in court this week demanding that the company make public documents about the maintenance and repair of the Pegasus pipeline, The Associated Press reports.
A spokesperson for the European Commission says a marathon negotiating session Wednesday failed to generate an agreement in the gas dispute between Russia and Ukraine, and talks are continuing Thursday, Reuters reports.
Iran may still be wrestling with finding a way to cut a deal with the West over its nuclear program, to ease biting sanctions, but falling oil prices have added even more pressure to the situation, The New York Times reports.