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Environmental firm Fair Shake aims to help clients of modest means

fair shake

By Kim Lyons / Pittsburgh Post-Gazette A new legal entity billing itself as an “environmental justice incubator” will open its Pittsburgh office this week, amid what executive director Emily Collins says is an immense need. Part of that need reflects land owner issues surrounding the development of the Marcellus Shale, but oil and gas won’t be the only practice areas ...

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Encana CEO surprises with success of whirlwind makeover

doug suttles

By Rebecca Penty for Bloomberg News Doug Suttles’s whirlwind year is paying off. Encana Corp. is up 33 percent since the Texan became chief executive officer in June and his makeover of Canada’s largest gas producer is going faster than planned. Since taking over, the former BP Plc executive announced the sale of $2.3 billion of gas properties, the purchase ...

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The state of Bakken investment

terry spencer

 By Jason Spiess for the Bismarck Tribune In 1951, the state of North Dakota began producing oil when crude was struck on Clarence Iverson’s farm near Tioga. The locals say the small northwestern North Dakota town has never been the same, unless you count their second boom in the ’80s. Or their third boom happening right now. As the cliche ...

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Chesapeake aims to raise more than $4 billion from asset sales in 2014

Chesapeake Energy Corporation

(Reuters) – Chesapeake Energy Corp (CHK.N), the second-largest U.S. natural gas producer, said it expects to raise more than $4 billion this year from asset sales and by spinning off its oilfield services division. Chesapeake said the asset sales and divestitures would cut debt by $3 billion, but reduce 2014 production by 2 percent. The company forecast a 9-12 percent rise in production this ...

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US shale output to rise in June -EIA

pump jack midland

NEW YORK (Reuters) – Oil production across U.S. shale fields will likely rise by 75,000 barrels-per-day in June after rising nearly as much in May, monthly estimates from the Energy Information Administration showed on Monday. The largest increase will be recorded in the south Texas Eagle Ford shale, where output will rise by just over 26,000 bpd to just over 1.4 ...

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US consumer prices rise by most in 10 months

WASHINGTON (AP) — Higher food and gas costs pushed up U.S. consumer prices in April by the most in 10 months, evidence that inflation is ticking up from very low levels. The consumer price index rose 0.3 percent last month after a 0.2 percent gain in March, the Labor Department said Thursday. Over the past 12 months, prices have increased ...

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Citigroup to start trading physical Canadian crude: sources

BY NIA WILLIAMS CALGARY, Alberta (Reuters) – Citigroup Inc <C.N> plans to start trading physical Canadian crude oil, three sources have told Reuters, setting itself up to jockey with banks and traders to fill the vacuum left by other Wall Street giants offloading physical commodity businesses. Three participants in the Canadian crude market, who declined to be named because they ...

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North Dakota April oil output to top 1 mln bpd

pump jacks

May 13 (Reuters) – Oil production from shale plays in North Dakota will likely top 1 million barrels per day (bpd) in April after missing expectations in March due to severe weather conditions, according to a state regulator. The state’s output hit 977,000 bpd in March, after winter weather interrupted well operations, Lynn Helms, director of the state’s Department of ...

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GE oil chief sees more growth despite Alstom deal

By Ernest Scheyder and Lewis Krauskopf NEW YORK (Reuters) – General Electric Co’s <GE.N> $16.9 billion bid for Alstom SA’s <ALSO.PA> power business will do little to slow down GE’s oil and gas division, according to the head of the unit, even though such a transaction could preclude any more big deals by the U.S. conglomerate until after next year. ...

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GE announces partnership with Devon Energy

Devon Energy Corporation GE

OKLAHOMA CITY (AP) – GE Oil & Gas has announced a new technology collaboration agreement with Devon Energy Corporation to accelerate the development and testing of oil and gas products in the field. GE announced Monday it will work with Devon Energy on artificial lift systems used for increasing the flow of liquids from production wells, advanced drilling technologies and water ...

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