2016 July-August Mark A. Stansberry 

Natural Gas: The Grand Energy Transition?

As of this writing, the price of natural gas was almost up six percent to a six-month high, and it was reported that Western Colorado has 40 times more natural gas than earlier projected. According the Energy Information Administration (EIA), natural gas prices are expected to rise over the next two years. Over the past few years, natural gas has… Read More
2016 July-August Alex Mills 

EPA Continues Rigorous Regulation of Oil Industry

The Environmental Protection Agency’s (EPA) new methane emissions regulations have drawn criticism from the oil and gas industry and a growing number of members of Congress. EPA finalized the regulations on May 12, and industry quickly responded that the massive regulations will be burdensome financially and that it will take many man-hours to come into compliance with the information demanded.… Read More
2016 July-August 

FMC and Technip Expect Smooth Merger

Another two companies within the oil and gas sphere have revealed their plans to merge. FMC Technologies Inc. and Technip SA, based in Houston and Paris, respectively, officially announced their intentions to merge on May 19. In the hopes of reducing costs and increasing profitability, the companies will combine to bring together their specialized skills. FMC has a focus on… Read More
2016 July-August Louisiana 

Association Opposes Plan to Tax Oil

The Louisiana Oil and Gas Association (LOGA) has said it is not pleased with the Obama Administration’s new plan to charge oil companies a fee that would fund the 21st Century Clean Transportation System. Obama’s new budget plan, unveiled earlier in the year, is intended to reduce greenhouse gas emissions and develop a sustainable transportation system. LOGA said it is… Read More
#OilmanNEWS 2016 July-August Louisiana 

Louisiana Blames O&G Industry for Coastal Erosion

New Orleans Mayor Mitch Landrieu wants the oil and gas industry to pay for nearly a century’s worth of damage to Louisiana’s coastline. The situation concerning the deteriorating coastline and wetlands in Louisiana is dire. The U.S. Geological Survey observed that from 1985 to 2010 nearly 17 square miles of wetlands were lost per year. Landrieu recognized the important benefits… Read More
#OilmanNEWS 2016 July-August Oklahoma 

Devon Energy Bids Farewell to Co-Founder

Devon Energy Corp., a production and exploration company based in Oklahoma City, Okla., recently selected a new chairman for the board of directors. John Richels, who held the position of CEO from 2010 to July 2015, accepted the position at a shareholder’s meeting on June 8. Richels stepped down from the CEO position in 2015 when he was replaced by… Read More
#OilmanNEWS 2016 July-August Texas 

Offshore Conference Attendance Drop Indicative of Oil Slump

The OTC (Offshore Technology Conference) located in Houston, Texas, has experienced its own form of repercussions from the ongoing downturn. One of the most popular networking conferences in the world, the OTC gives buyers the opportunity to meet suppliers, and many new business partnerships are created there. Consequently, when the general oil economy suffers, the OTC, and conferences of the… Read More
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