David Wood, the CEO and president of Murphy Oil Corp, unexpectedly resigned on Wednesday. The oil and gas company's former general counsel has assumed the position of CEO, The Wall Street Journal reports.
WASHINGTON (AP) — President Barack Obama will order Thursday changing or eliminating a handful of regulations — from uniform street sign requirements to outdated hospital reporting rules — that his administration says could have cost the economy $6 billion over five years, part of a regulatory overhaul that will require agencies to periodically scrub their rule books in search of unnecessary mandates.
Gas stations are among the beneficiaries of the changes, as the EPA will repeal a requirement that gas stations in some states install vapor controls at the pumps.
Obama will sign the election-year executive order later Thursday that will force federal agencies to scrutinize old rules to determine which ones are justified and to issue regular reports on their progress.
With gas prices escalating and consumption of gas at the pump at an 11-year low, the nation's 110,000 independent gas station owners are feeling the pain, and say it's increasingly difficult to make a profit, especially with credit-card processing fees, The Wall Street Journal reports.
Comments from Saudi oil minister Ali al-Naimi that OPEC would not cut production “whatever the price is,” triggered a fresh slide Monday. U.S. benchmark crude dropped 3.3 percent, or $1.87, to $55.26 a barrel on the Nymex, while in London Brent fell 2 percent to $60.11, Reuters reports.
Energy Secretary Ernest Moniz should not support legislation introduced by Sen. John Hoeven, R-N.D., to speed up approvals of LNG exports, a coalition of 114 environmental groups said in a letter Monday, The Hill reports.
For illegal waste disposal and causing a landslide that diverted streams, shale gas driller Vantage Energy Appalachia LLC has been ordered to pay a penalty of $999,900 by the Pennsylvania Department of Environmental Protection, the Pittsburgh Post-Gazette reports.
Arizona Corporation Commissioners didn’t approve, but didn’t object to plans for Arizona Public Service Co. to spend $28.5 million to put free solar on the roofs of 1,500 customers in order to test west-facing solar panels and voltage regulators, The Arizona Republic reports.
With continued mild weather and the fear of frigid cold receding, natural gas prices slumped 31 cents to the lowest level in nearly two years, at $3.144 per million British thermal units, FuelFix reports.
In Wyoming, Republican state Rep. John Patton is introducing legislation to upend a ban on using Next Generation Science Standards, the teaching of climate change science, seeking to leave the matter up to the state Board of Education to decide, National Journal reports.
The sale of Morgan Stanley’s oil trading and storage business to Russian oil giant Rosneft has been scuppered by failure to win approval from U.S. regulators, the companies announced Monday, The Wall Street Journal reports.
Joe Rodota, whose Forward Observer operation has worked environmental issues for years out in California – most recently in support of legislation banning single-use plastic bags – has had an office in Washington D.C. for the past two years, although he declined to tell E&E about his clients there.
Meteorologist Bob Simpson, who died last week aged 102, pushed for establishment of the National Hurricane Center in Miami, helped develop the Saffir-Simpson scale of hurricane intensity in use today, and also founded a Hawaiian observatory where carbon measurements were refined, among other accomplishments, The Washington Post reports.
Tokyo Electric Power Co., the operator of the ruined Fukushima Dai-ichi nuclear plant, says it has managed to remove fuel rods from the vulnerable No. 4 reactor building, and they are being placed in an undamaged storage pool, The New York Times reports.