House Science Committee Energy and Environment Subcommittee hearing, "Tapping America's Energy Potential Through Research and Development." Witnesses include DOE National Energy Technology Laboratory Director Anthony Cugini, Texas A&M petroleum engineering professor Daniel Hill, Idaho National Laboratory director Michael Hagood.
WASHINGTON (AP) — A federal agency needs illusionist David Copperfield to help escape from criticism over now-canceled plans to hire a speaker to train agency leaders using "magic tools."
The National Oceanic and Atmospheric Administration is in hot water because on May 1 it posted a notice seeking a magician motivational speaker for a June leadership conference in suburban Maryland. The agency said presentations should include "physical energizers, magic tricks, puzzles, brain teasers, word games, humor and teambuilding exercises." It asked for the performer to create "a unique model of translating magic and principals of the psychology of magic, magic tools, techniques and experiences into a method of teaching leadership."
The Department of Transportation’s proposed regulation tackling oil train safety may have been dealing mostly with tank car construction, but the DOT’s Pipeline and Hazardous Materials Safety Administration is also reporting on the volatility of Bakken crude, E&E reports.
A 20 percent increase in revenue for Noble Energy in the second quarter on higher shale production wasn’t enough to sustain last year's profits, which fell 49 percent compared to the year-ago period, to $192 million, FuelFix reports, noting the company dropped $187 million on commodity derivatives.
Alberta-based Encana Corp. reported a 31 percent drop in second quarter operating profit despite an increase in its production of oil and natural-gas liquids, but CEO Doug Suttles maintains the company’s results were strong and it would stick to its strategy of shifting away from natural gas, The Wall Street Journal reports.
Repsol’s $524 million adjusted net income in the second quarter was lower than in the period a year ago but beat analysts’ expectations, Bloomberg reported, noting that output from new wells and improved margins for refining helped the company – reported to be shopping for a major acquisition – overcome problems with production in Libya.
International oilfield services company Weatherford announced a second quarter net loss of $145 million on lower revenues, although it says it has nearly completed a plan to cut 6,600 jobs, FuelFix reports.
Utilities like Pacific Gas & Electric and Sempra rank highly in the use of renewable energy and promoting energy efficiency, while Entergy and Dominion Resources are near the bottom of the list of 32 of the nation’s utilities in an analysis compiled by Ceres and Clean Edge, groups which promote sustainable energy, Forbes reports.
There will be a court-supervised bidding process involved in the restructuring of bankrupt Energy Future Holdings, according to a filing with the Securities and Exchange Commission Thursday, in which the prize will likely be the Texas transmission business Oncor, The Wall Street Journal reports.
EU governments are considering new sanctions over the Ukraine crisis to limit Russian access to capital markets, as well as energy technology and weapons, Reuters reports, noting discussions are set to continue Friday with no action expected before next week.
The Washington Post reports on problems in Pueblo, Colo., where Black Hills Power, the utility servicing local residents, moved away from coal-fired generation and Xcel, the utility that built a new coal-fired plant in the area, stopped selling power locally and people were left scrambling to cover soaring bills.