Occidental Petroleum (NYSE: OXY) on July 17th announced the leadership team for its new California Resources Corporation (CRC) subsidiary. Todd A. Stevens will be President and Chief Executive Officer, and William E. Albrecht will be Executive Chairman of the Board. … Continue reading
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The final deadline for DOGGR to implement permanent regulations on fracking under SB 4 has been extended by six months, to July 1, 2015. The change was incorporated in a little-noticed “trailer bill” amending the state budget, passed and signed … Continue reading
Chevron Corporation (NYSE: CVX) reported on July 10th in an interim update that earnings for the second quarter 2014 are expected to be higher than first quarter 2014. The San Ramon-based company said this is a result of gains on … Continue reading
Chevron Corporation (NYSE: CVX) announced on June 13 that its subsidiary, Chevron Global Energy Inc., has sold its 25 percent non-operated interest in a producing oil concession in southern Chad and the related export pipeline interests to the Republic of … Continue reading
A new compressed natural gas (CNG) fueling station, built by Trillium CNG, is now operating at the Roche Oil, Inc. truck fueling station in Tulare. The new Trillium CNG station is expected to be the primary fueling location for Northwest … Continue reading
Senate Bill 1132, which would have imposed a moratorium on hydraulic fracturing of oil and gas wells, failed May 28th in an 18-16 vote, three short of the 21 votes needed for approval. Four Democrats voted against it, and three … Continue reading