Three Bills Pending in California Address Water Use Reporting; Oil Spills and Rail Transportation

Three bills pending in the California legislature have the potential to significantly impact oil and gas operations in the State. SB 1281 would impose water use limitations and reporting requirements on production operations. Two additional bills, SB 1319 and AB 2678, address oil spill response and oversight, and rail transportation. If passed, these bills would impose new restrictions on California oil and gas operations.
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Cold Winter Temperatures Give Rise to a Hot M&A Market for the Canadian Oil and Gas Sector

It was the biggest deal of 2012: Chinese state-owned firm CNOOC Limited’s takeover of Calgary oil and gas producer Nexen Inc. Although there were a total of 260 deals closed over the course of the year, it was CNOOC Limited’s CDN$14.95 billion transaction and another megadeal — PETRONAS’ CDN$5.5 billion acquisition of Progress Energy — that helped lift 2012 transaction values to approximately CDN$49.5 billion.
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Oil and Gas: Mid-Year Job Trend Report

As 2013 is viewed (quantifiably) as a drastic reduction in M&A activity down to $205 billion from $349 billion in 2012, it did have an interesting effect on positions related both to the deal market as well as operating market in job growth for 2014. Many experts came into 2014 predicting that we will not necessarily reach the marks set in 2012, we will see an increase over 2013. Mid-year data suggests that we are on that path.
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The Time is Right to Build a Stronger Workforce

New strategy needed to develop operations employees
In recent years, the energy industry has focused significant attention and resources on developing the next generation of scientists and engineers. The ongoing effort to support science, technology, engineering and math study and career choices– appears to be paying off.
But is the energy industry falling behind in developing another component of its workforce, one that is arguably just as important?
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