Matt Flavin, president of Denver-based Concord Energy Holdings LLC, is today's Thirty Under 40 honoree. Matt spearheaded an operator partnership program with operating oil and gas companies to move physical energy commodities.
Los Angeles Mayor Eric Garcetti said Feb. 11 the city is abandoning a plan to spend billions of dollars rebuilding three natural gas power plants along the coast.
Egypt expects investments of at least $750 million to $800 million in the first stage of exploration in the 12 concessions, Petroleum Minister Tarek El Molla said during a press conference.
Sustained lower oil prices may lead to Permian consolidation, the return of tough times to other shale plays and U.S. E&Ps helping rebalance global inventories.