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Obama will order Thursday changing or eliminating a handful of regulations — from uniform street sign requirements to outdated hospital reporting rules — that his administration says could have cost the economy $6 billion over five years, part of a regulatory overhaul that will require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.
Launching personal attacks on environmental activists and celebrity supporters should be part of the oil and gas industry strategy if it wants to fight for expanded drilling, according to advice from consultant Richard Berman as he drums up support for his "Big Green Radicals" PR campaign, The New York Times reports.
The re-election contest for Rep. Fred Upton, R-Mich. and chair of the House Energy and Commerce Committee, is attracting last-minute money -- including some from the American Future Fund for an ad extolling his support for the Keystone XL pipeline -- as polling indicates his race against Democrat Paul Clements is a tight one, The Hill reports.
In an effort to maintain Democratic control of the Senate, environmental groups are supporting some backers of the Keystone XL pipeline –- like Michelle Nunn in Georgia and Sen. Kay Hagan in North Carolina -– as well as fracking supporter Sen. Mark Udall in Colorado, The Wall Street Journal reports.
Word that OPEC has boosted its crude output to a 14-month high sent oil prices plunging again early Friday. West Texas Intermediate crude for December delivery dropped 1 percent, or 81 cents, to $80.31 a barrel in electronic trading on the Nymex, while in London Brent was down 93 cents to $85.31, Bloomberg reports.
A tentative settlement Cheniere Energy has reached with shareholders over lawsuits would block executives from receiving shares authorized in February 2013 but not paid out, according to a filing with the Securities and Exchange Commission, FuelFix reports.
Robert MacLean –- now a solar power consultant after he was fired by the Department of Homeland Security for leaking information about the air marshal program -– says many federal employees, including those in the Environmental Protection Agency and the Departments of Energy and Interior, could be affected by the outcome of his lawsuit now before the U.S. Supreme Court, E&E reports.
The capacity market and infrastructure improvements will be the topics of discussion at a conference between New York officials and representatives of the Federal Energy Regulatory Commission Nov. 5, Reuters reports.