Feds give Texas project license to broadly export LNG
The Obama administration on Friday gave Freeport LNG approval to broadly export domestically harvested natural gas, marking only the second time a U.S. company has won such a license. The export license ensures that the Texas-based project will be able to liquefy natural gas produced by BP to Japan, Taiwan and other countries that do not have free-trade agreements with the United States. More »
Texas House OKs utility-backed bill affecting rate cases
At issue is money that transmission companies collect from customers in advance to cover federal taxes on company profits. More »
Apache CEO compensation target reduced
The target bonus for Chief Executive Officer Steve Farris was reduced to 150 percent of base salary from 200 percent, the Houston-based company said in a regulatory filing Friday. More »
Tesoro’s purchase of BP Carson refinery on track
Tesoro Corp. is on track to become California’s largest refiner, with the company saying Friday that the Federal Trade Commission cleared the way for its planned acquisition of BP’s refinery in Carson, Calif. More »
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Oil rises above $96 on encouraging economic news
Even with three straight days of gains, oil finished the week down 2 cents.
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Texas joins other Gulf states in suing BP for environmental damage due to 2010 oil spill
Texas on Friday joined other Gulf states suing BP for environmental damage caused by the 2010 Gulf of Mexico oil spill. More »
Judge delays trial for ex-BP engineer charged in Gulf oil spill case
A federal judge Friday ordered a delay of nearly six months in the trial of a former BP engineer charged with obstruction of justice in connection stemming from his actions after the 2010 Gulf of Mexico oil spill. More »
Feds predict Texas will get hot, Texans will run ACs.
The Federal Energy Regulatory Commission says Texas may squeeze its electric generation reserve margins as temperatures rise this summer. More »
Reliability, regulation among top concerns for utilities
Utilities still spend most of their money on reliability investments, but environmental projects, energy efficiency and even computer security are edging up on the list. More »
Transocean shareholders oust chairman,but reject Icahn dividend proposal
Transocean shareholders Friday rejected billionaire investor Carl Icahn’s proposal for a $4-a-share dividend, a spokesman says. More »
Kinder Morgan bulks up its natural gas liquids expertise
Kinder Morgan Energy Partners has appointed Don Lindley as the new president of its Natural Gas Liquids Business Development division, the company announced Friday. More »
Feds’ fracturing rule signifies Obama’s approach to natural gas
You wouldn’t know it from the oil industry’s angry reaction, but the Obama administration’s latest plan to tighten standards for drilling on public lands gives more ground to the private sector at the expense of environmentalists who pushed for tougher protections. Analysts said that’s a fresh sign that the Obama administration supports shale gas development and the payoff that comes from increased domestic energy production. More »
April 26, 2013
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