Monthly Archives: January 2008

Goodbye-FutureGen brawl getting ugly

The Department of Energy’s decision to change how it’s involved in the FutureGen “clean coal” power plant project has really ticked off industry and Illinois politicians. Gov. Rod Blagojevich called the move “politics at its worse.” “On November 30th, 2007, the Department of Energy sent a letter reaffirming that the project was moving forward as […]  More »

Deloitte on 2008 energy: more nukes and efficiency

It will be more of the same for oil and natural gas prices in 2008, say the big brains of Deloitte & Touche, but uncertainty over how regulators will treat climate change could push the electric power business in new directions. Power lines leaving the South Texas Project nuclear power plant near Bay City. Photo […]  More »

Chron Energy Items: 01.31.08

Energy related stories from today’s Houston Chronicle or on • BP blast survivors line up to speak: Several victims of the deadly 2005 blast at BP’s Texas City refinery aim to share their views with a federal judge who is considering approval of the company’s proposed plea deal to resolve a criminal probe into […]  More »

Whatever happened to "no new refineries since 1970s"?

An oft-repeated mantra from industry is that the U.S. has not built a new oil refinery since the 1970s. Technically that’s true, but it ignores the fact that we had an too much refinery capacity through the 1980s (when many were shut down) and that capacity creeps up as much as two or three percent […]  More »

Chron energy items: 1.30.08

A few of the energy business related items in the Houston Chronicle or on • Behind closed doors: Judges set rare hearing for Iraq contractor cases: In an unusual closed session, a federal appeals court will hear arguments Wednesday in three cases alleging KBR knowingly sent civilian contractors along a dangerous route in Iraq, […]  More »

DOE saying 'goodbye' to FutureGen?

Maybe Texas should consider itself lucky it didn’t win the competiton for the FutureGen project last month. From the Associated Press: The U.S. Department of Energy, frustrated by ballooning costs for an ambitious plan to build a virtually emissions-free power plant, told federal lawmakers Tuesday it plans to pull its support for the $1.8 billion […]  More »

Alaska's North Slope: rising or falling?

The Department of Energy’s Office of Fossil Energy issued a new report today on oil and gas potential on Alaska’s North Slope asking: A Promising Future or an Area in Decline? One only needs to realize how long the report is — 479 pages — to realize the DOE’s answer is A: Promising Future. A […]  More »

Chron energy items: 01.29.08

Some of the energy items in today Houston Chronicle or on • This time, the energy issue is an ‘also ran’: Oil prices may have touched $100 a barrel. And motorists can expect to pay $3.50 a gallon at the gas pump this spring. But energy issues were not uppermost in President Bush’s mind […]  More »

ConocoPhillips to Gov. Palin: "an apparent misunderstanding of the economic realities"

ConocoPhillips has responded to Alaska Gov. Sarah Palin’s rejection of their plans for a natural gas pipeline from the North Slope and is calling for a meeting with legislators to move the plan forward. Earlier this month Palin told the Houston company its proposal is too much like the deal former Gov. Murkowski reached with […]  More »

Chron energy items: 01.28.08

A few of the recent energy related stories in the Houston Chronicle or on • Atomic waste in limbo: AP — Thousands of canisters of highly radioactive waste from the world’s most nuclear-energized nation lie silent and deadly beneath this jutting tip of Normandy. • Weatherford profit rose 22 percent: Bloomberg News – Weatherford […]  More »

Guess what? Texas energy biz grew in last year

Texas’ oil and gas production economy grew by 8.1 percent in 2007, according to Karr Ingham, an economist and author of the Texas Petro Index. OK, so this is really a replica of Spindletop spraying water. Total production value for oil and gas in Texas in 2007 was nearly $65 billion, according to the TPI, […]  More »

Chron Energy Items: 1.25.08

A few of the energy related items in the Houston Chronicle or on • Houston’s Allis-Chalmers Energy to acquire Bronco Drilling: Allis-Chalmers Energy, a provider of services and equipment to oil and gas exploration companies, has agreed to acquire Bronco Drilling in a cash and stock deal worth $438 million, the companies said today. […]  More »

Texas retail electric switching down Y2Y, but …

More Texans choose. The number of Texans switching electric retail providers was down 13 percent in 2007 (or at least through Nov.) but overall more Texans are taking part in deregulated markets, according to a recent update from the Electric Reliability Council of Texas. About 669,000 Texans had switched through the end of November, versus […]  More »

Chron Energy Items: 1.24.08

A few of the energy related items in the Houston Chronicle or on • Oil prices swell ConocoPhillips’ quarterly profit: Oil prices hovering at or above $90 a barrel for the last three months of 2007 gave ConocoPhillips’ quarterly profit a 37 percent boost, which exceeded Wall Street expectations, likely kicking off a series […]  More »

Chron Energy Items 1.23.08

A few of the energy related items in the Houston Chronicle or on • Oil prices point to hefty profits: Oil at $100 a barrel came and went in a flash. But crude prices that hovered at or above $90 through most of the last three months of 2007 are expected to mean pumped-up […]  More »
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