The Securities and Exchange Commission investigation into former Chesapeake CEO Aubrey McClendon has wrapped up with no recommendation made for any action to be taken, the company reported Wednesday, according to Reuters.
A subsidiary of American Energy Partners, the company run by shale pioneer Aubrey McClendon, is renting seven rigs from his former firm Chesapeake Energy to drill for gas in the Utica Shale, Bloomberg reports.
Chesapeake Energy Corp. chairman Archie Dunham is continuing to buy large quantities of the company's shares despite its recent troubles, with the company reporting that he spent $1.4 million buying more last week, The Wall Street Journal reports.
An affiliate of American Energy Partner LP, the energy exploration firm headed by former Chesapeake CEO Aubrey McClendon, has gathered 260,000 net acres of drilling land in the Utica Shale, making the company the leader in the region, NewsOK reports.
If the package of energy measures House Republicans intend to vote on this week -– to increase oil and gas drilling offshore and on federal land as well as insisting on quick approval for the Keystone XL pipeline, among other provisions -– advisors would recommend that President Obama veto the legislation, according to a statement from the Office of Management and Budget, The Hill reports.
Rep. Darrell Issa, R-Calif. and chair of the House Oversight and Government Reform Committee, says it’s “astonishing” and “unacceptable” that a high-level employee at the Environmental Protection Agency is still on the payroll months after being banned from offices after confessing to watching hours of pornography at work every day, E&E reports.
If the Commerce Department were to allow the export of light oil to Mexico as it has opened the door to sending condensates overseas, that would deal another blow to the decades-oil ban on U.S. crude exports, Bloomberg reports.
World oil prices – which had been dragging at two-year lows – should be up higher by the end of 2014, Russian news agency Prime quoted OPEC Secretary General Abdullah al-Badry as saying, Platts reports.
Comments from Secretary General Abdullah Al-Badry that OPEC could cut its production quota next year sent oil prices higher Tuesday. West Texas Intermediate crude for October delivery jumped $1.96, or 2.1 percent, to settle at $94.88 on the Nymex, while in London November Brent was $1.17 higher to $99.05, Bloomberg reports.
The world faces a choice of investment in low-carbon infrastructure or continuing its high-carbon ways that will bring dangerous levels of climate change, according to a broad assessment by the Global Commission on the Economy and Climate, E&E reports.
Democratic Rep. Bruce Braley’s campaign claims the pledge by his Republican opponent state Sen. Joni Ernst to eliminate energy incentives and tax credits would increase the annual energy bills of Iowa residents by $1,200, while the Ernst camp points a finger at Braley’s vote for costly cap-and-trade legislation and his ownership of oil and energy stocks, The Des Moines Register reports.
Improvements to pipelines in New England will cost Spectra Energy Corp. some $3 billion, the company has announced, adding that the work will allow delivery of 1 billion cubic feet of natural gas per day, FuelFix reports.
Apache – keeping to its strategy of selling off non-core assets – is hoping to get more than $450 million for oil and gas properties in the Provost area in east-central Alberta, a person familiar with the matter told The Wall Street Journal.