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.
The Interior Department rule governing drilling on federal lands should contain “the strongest possible safeguards,” according to a letter sent to the Office of Management and Budget by Massachusetts Sen. Ed Markey and 11 of his Democratic colleagues, FuelFix reports.
Agreements reached between President Barack Obama and Prime Minister Narendra Modi during the Indian leader’s visit to the White House include a strategic partnership to improve energy security, clean energy and climate change resilience, The Hill reports.
Ahead of the weekly stockpile report issued Wednesday, oil was trading slightly higher the day after a big plunge. West Texas Intermediate crude for November delivery was up 43 cents to $91.59 in electronic trading on the Nymex, while in London Brent climbed 19 cents to $94.86, Bloomberg reports.
Shares in oilfield equipment maker National Oilwell Varco have dropped some 2.6 percent since the company announced it would buy back $3 billion worth from investors, the repurchase a sign that the firm may be running out of acquisition targets, FuelFix reports.
Seven Western states are starting up an energy imbalance market this week, which offers up electricity to buyers in five-minute increments, giving them a chance to smooth out the impact of more variable renewable energy into the grid, E&E reports.
The retirement of coal plants over the next six years – pushed by tougher federal emissions regulations – should cause an increase of up to 5 billion cubic feet a day in demand for natural gas, according to Standard & Poor’s Ratings Direct, Platts reports.
Claiming in a report that African-Americans bear a greater brunt of the health impacts from the use of coal as an energy source, the NAACP is calling for a more just energy policy in Utah and across the rest of the country, which would encourage developing alternative energy and clean energy, according to the Deseret News.
As technology advances -- with the availability of cheap sensors and a proliferation of software to help collect and analyze the data they gather -- the drive toward more energy efficiency in buildings is getting a big boost, The Wall Street Journal reports.
A special fund launched in Mexico Tuesday will handle income from the country’s oil and gas sector -– which has been newly opened to private investment –- giving some of it to the federal government and directing some to long-term savings, The Wall Street Journal reports.