October 2015

Largest study yet on effects of fracking find no evidence of water well contamination

News

Fracking researchers covered 7,400 square kms over 3 years, taking 64 samples from drinking water wells on residential properties In the largest study of its kind, a Yale University-led investigation found no evidence fracking is responsible for contamination of drinking water well near the Marcellus Shale in NE Pennsylvania. The deep hydraulic fracturing of shale horizons, underground storage tanks, well […]

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WPX Energy promotes Clay Gaspar to Chief Operating Officer

Energy Financial

Gaspar has master’s degree in petroleum/geosciences engineering from University of Texas – WPX Energy TULSA, Okla. – WPX Energy has promoted Clay M. Gaspar to Senior Vice President and Chief Operating Officer, effective Nov. 2. Gaspar joined WPX in October 2014 as Senior Vice President of Operations and Resource Development. Under Gaspar’s leadership, WPX has significantly

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Duke Energy to acquire Piedmont Natural Gas for $4.9 billion in cash

Energy Financial

Piedmont shareholders receive $60 cash for each share of common stock, 40% premium over Oct. 23 closing price Duke Energy, the largest US electrical utility, announced Monday it is acquiring Piedmont Natural Gas for approximately $4.9 billion in cash. The boards of directors of both companies have unanimously approved the deal. “We look forward to welcoming Piedmont’s employees

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Chinese company buying Texas oil fields for $1.3 billion

Energy Financial

Chinese investment approved by US government A Chinese investment holding company said it has signed a letter of intent to purchase oil fields in Texas for 8.3 billion yuan ($1.3 billion) through a limited liability partnership. In a disclosure to the Shanghai Stock Exchange, Yantai Xinchao Industry Co. Ltd. said the oil fields in Howard and Borden counties

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Time for innovators like Bill Gates to dominate clean energy debate

Markham on Energy

Bill Gates and his emphasis on innovation – not environmentalists – should take centre stage in American energy debate Yesterday I wrote about MIT’s climate change plan that engages fossil fuel companies to find science and technology solutions. Today the subject is Bill Gates and his plan to invest billions of his own money in

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Exxon Mobil refutes environmentalist claims it lied about climate change research

Uncategorized

Exxon Mobil says it has active research program into lower-carbon emission technologies, carbon capture and storage, advanced engines Exxon Mobil is counter attacking after months of allegations by environmental activists that it knew about climate change impacts as early as the 1980s and covered up the information. The company released a statement say that media and environmental activists’

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New MIT climate change plan a model for American universities

Markham on Energy

MIT focus on engagement with industry a clear alternative to environmental movement’s focus on conflict MIT says it is joining the fight against climate change, but rather than divesting from fossil fuel companies, MIT plans to engage with them to mitigate the “risk of catastrophic outcomes.” Eco-activist Bill McKibben and 350.org have been leading a campaign to have

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