American Energy Partners LP, the firm created by Aubrey McClendon, said it would continue its work despite its founder’s death in a car crash Wednesday.
“While all of the employees at AELP are deeply saddened by this tragic event, we are firm in our conviction that Aubrey would want us to persevere and continue his extraordinary legacy of innovation and creativity," the Oklahoma City-based company said in a statement on its website Thursday.
Energy magnate T.Boone Pickens has paid tribute to the former boss of Chesapeake who died on a one-car crash a day after he was charged with conspiring to rig bids for oil leases.
Iran’s return to global oil markets after sanctions were lifted isn’t living up to the country’s grand ambitions, or at least not yet.
Six weeks after the historic nuclear deal that allowed Iran to resume oil sales around the world, the OPEC member is shipping barely a third of the extra 500,000 barrels a day it had vowed to unleash within weeks of sanctions being lifted. The country faces hurdles at every step, whether reviving output from aging oil wells or overcoming lingering banking constraints that have forced it to sell crude in barter arrangements, according to BNP Paribas SA.
National Grid could be stripped of its role managing the UK’s electricity supply under Government plans reportedly being considered to hand energy watchdog Ofgem sweeping new powers.
Sudden and unexpected changes in policy have “spooked” investors and could push up the costs to households of building much needed new energy projects, MPs have warned.
The Green Investment Bank is to be sold off by the Government in a bid to drive more private money into green energy projects.
The Government will fire the starting pistol on the sale on March 3 when it invites private investors to express an interest.
Industry body Oil & Gas UK has signed an MOU (Memorandum of Understanding) with the EEEGR (East of England Energy Group) looking to develop a closer relationship to help the promote the interests of members.
Tens of thousands of Nigerian fishermen and farmers are suing multinational oil giant Shell in two new lawsuits in a British court alleging decades of uncleaned oil spills have destroyed their lives.
The ETI (Energy Technologies Institute) has launched a new project which will study the impact of removing brine from undersea stores which could be used to store carbon dioxide.
The project will be carried out by Heriot-Watt University with £200,000 worth of funding.
