Chron energy items: 1.21.08

Some of the energy items in the Chron over the last few days:
Energy helping to revive Beaumont-Port Arthur: (w/video) In 1901, a prolific oil field called Spindletop transformed the Beaumont-Port Arthur area from a quiet rural outpost to a booming hub of oil production. Today, large-scale energy sector projects are pumping new life into the region.
Fuel cited in Continental’s fare boost: Continental Airlines on Friday bumped up fares by as much as $20 round-trip on some routes, effectively doubling an increase from several weeks ago. Although the increase was labeled a fuel surcharge, passengers only will see that the ticket prices are higher.
Gloomy outlook for oil disputed: A leading oil industry consulting firm is challenging theories that the world is running out of oil, arguing the production decline rate of the world’s oil fields is far lower than commonly believed.
Pipeline giant Spectra forecasts 2008 profit rise: Bloomberg News — Spectra Energy Corp., the second- largest U.S. pipeline company by market value, said it sees earnings rising this year as new pipelines and storage facilities enter service.
Schlumberger profits don’t satisfy Wall Street: Schlumberger reported a net profit of $1.38 billion, or $1.12 per share, compared to a year-earlier profit of $1.13 billion, or 92 cents per share. Revenue rose to $6.25 billion from $5.35 billion a year earlier.
Total receives fine in France’s worst oil spill: AP — A court on Wednesday convicted Total in France’s worst oil spill and ordered the petroleum giant and three other defendants to pay $285 million in compensation, the first time a French court has awarded damages for harming the environment.

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