Yearly Archives: 2008

Energy traders make do with existing space

There was a time when trading floors were a given part of most major energy real estate deals in Houston. Think of the massive, open-air trading floor Enron was building in its new office tower at the corner of Smith and Bell (actually four 53,000-square-foot trading floors). Not so anymore, according to an article at […]  More »

Chron Energy Items: 03.11.08

A few of the energy related stories in the Houston Chronicle or on : • Oil pushes past $107; gasoline nearing records: Associated Press – Gasoline prices were poised today to set a new record at the pump nationally, having surged to within half a cent of their record high of $3.227 a gallon. […]  More »

Alaska gas line: Exxon says it will own a part

The planned natural gas pipeline will likely parallel the Trans Alaska oil Pipeline. (AP Photo/Al Grillo) Exxon Mobil said it “plans to be a co-owner” of a natural gas pipeline off Alaska’s North Slope if it is built by Canadian pipeline giant TransCanada. In public comments the company submitted as part of the State of […]  More »

Chron Energy Items: 03.10.08

A few of the energy related stories in the Houston Chronicle or on today and over the weekend: • Texas poised to become regional hub for ethanol: Texas may be a latecomer to the ethanol business, but it is about to announce its arrival in a big way. • OSHA uncovers slew of refinery […]  More »

Texas 'tickled the dragon's tail' 20 years ago Saturday

The South Texas power plant today. Tomorrow (Saturday, March 8) will mark a unique milestone for the Texas power industry — the twenty year anniversary of the first sustained reaction of a nuclear power reactor in the state. At 5:08 a.m. on March 8, 1988 Unit 1 at the South Texas Project near Bay City […]  More »

Chron Energy Items: 03.07.08

A few of the energy related stories in today’s Houston Chronicle or on (yeah, it’s a little slow today): • Texas gasoline prices reach record highs: Associated Press – Retail gasoline prices reached record heights in Texas this week, according to the weekly AAA Texas gasoline price survey released today. • Chevron to test […]  More »

KBR uses shell companies to skirt U.S. taxes

(Melissa Phillip/Chronicle) The Boston Globe ran a story today about how Houston-based KBR uses shell companies based in the Cayman Islands to avoid paying millions of dollars in U.S. Medicare and Social Security taxes (free registration required). “More than 21,000 people working for KBR in Iraq – including about 10,500 Americans – are listed as […]  More »

ERCOT: Thank goodness for Mexico's electricity!

As expected, the Public Utility Commission is looking into the close call the Texas power grid had on Feb. 26. That was when an unexpected drop in wind power and a number of failures with conventional power plants brought the state close to rolling black-outs. PUC spokesman Terry Hadley said a report will likely be […]  More »

Chron Energy Items: 03.06.08

A few of the energy related stories in today’s Houston Chronicle or on • Finds in Gulf slump: New oil and natural gas discoveries in the Gulf of Mexico hit a 10-year low last year, but that doesn’t mean the region is running dry, analysts with research firm Wood Mackenzie said Wednesday. • Qatar […]  More »

Exxon: Kings of 'crack'

Exxon Mobil’s annual analyst meeting this morning in New York has been somewhat predictable given the huge year the Irving-based oil giant had in 2007. The company said it will increase projected spending for 2008 from about $21 billion to $25 billion and will keep up the $25 billion per year rate for the next […]  More »

Chron Energy Items: 03.05.08

A few of the energy related stories in today’s Houston Chronicle or on • Exxon Mobil will put $125 billion in big projects, CEO says: Exxon Mobil will invest more than $125 billion over the next five years on major projects and will spend about $25 billion in 2008, up from about $21 billion […]  More »

Who's tougher: Gov. Palin or Chavez?

Bloomberg News compares the get-tough-with-Big-Oil approaches of Venezuela’s Hugo Chavez with those of Alaska Gov. Sarah Palin: Alaska’s Gov. Palin. Venezuela’s Hugo Chavez (AP Photo) “Alaska Governor Sarah Palin, a former beauty pageant winner, is succeeding where Venezuela President Hugo Chavez, a former paratrooper and military coup leader, so far has failed. Palin threatened to […]  More »

Chron Energy Items: 03.04.08

A few of the energy related stories in today’s Houston Chronicle or on • Houston driller: Officials may have made illegal payments to foreign governments: Pride International says it has uncovered evidence that from 2001 through 2005 company officials made payments to government officials of several countries, including Mexico, Venezuela and Saudi Arabia, to […]  More »

How's it blowin' in your 'hood?

Seattle-based 3Tier has launched a web site that lets you determine how suitable your area (in the U.S. only, so far) is for wind or solar power. You can enter a street address or latitude and longitude and get a color-coded map showing the energy potential for your location. From the web site: “FirstLook is […]  More »

Southern Union's MLP reversal

Exactly a year ago natural gas pipeline and storage firm Southern Union Co. avoided an ugly proxy fight by promising, among other things, to look into forming a master limited partnership. MLPs, a corporate tax-exempt business structure that has been all the rage for pipeline companies in the last few years (think Kinder-Morgan, El Paso […]  More »
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