Monthly Archives: September 2009

Nuke plant foes get four more reasons to intervene

Opponents of the expansion of the South Texas Project nuclear power plant near Bay City have four more reasons to intervene in the project, a federal panel has ruled. The Atomic Safety and Licensing Board Panel ruled that the company planning to build two more reactors at the project failed to adequately analyze the environmental […]  More »

Feds freeze Texas investment funds, claiming fraud

The Commodity Futures Trading Commission has frozen the assets of two Texas investment funds it says are part of an $8 million foreign currency fraud. Assets of M25 Investments, M37 Investments, Scott P. Kear, Sr., Jeffrey L. Lyon, all of Waxahachie, and David G. Seaman of Arlington were frozen by the order and a receiver […]  More »

Senate climate change bill draws laurels and darts *Updates*

A bit later than originally expected, the Senate has put forth their own version of the climate change bill. It’s a bit tougher than the House version (which just squeaked by that chamber in the spring) with higher emissions reductions by 2020 but also has measures to help avoid price spikes that would be particularly […]  More »

Chron Energy Newslinks | 09.30.09 | Senate climate bill is a tough one, solar economics still not hot.

• Senate climate change bill tougher than the House version, so there will be plenty of opposition from within. • The forecast for city of Houston solar: expensive. And environmentalists aren’t so thrilled with U.S. plan for solar thermal. • Former Dynegy, Horizon Wind exec takes over at Port of Houston. • Archives show U.K. […]  More »

Chron Energy Newslinks | 09.28.09 | Climate bill drifts, GE bulks up.

• Climate change bill drifting off the Senate agenda. • GE Energy bulking up in Texas. • Texas competitive electric market (finally) making offers lower than city/regulated utilities. • India to launch energy-efficiency trading. • Flywheels put a different spin on electrical efficiency. • Fire breaks out at Tesoro refinery in Los Angeles. • Saudi […]  More »

Another guilty plea in Mexican oil smuggling case

Another executive pleaded guilty in a Houston court today in the case of stolen Mexican oil being sold in Texas, according to our colleagues at the San Antonio Express News: Arnoldo Maldonado of Y Oil and Gas was released on unsecured bond pending sentencing after entering the plea to conspiracy to knowingly receive petroleum condensate, […]  More »

Houston energy execs behind new CO2 groups *update*

Corbin Robertson Jr., chief executive of and leading shareholder of Houston’s Natural Resource Partners has teamed with H. Leighton Steward, a former exec at Burlington Resources to launch a new group to fight climate change legislation, according to this Washington Post article: “The new groups join an increasingly fractious debate over climate legislation that has […]  More »

Another FMC purchase

Earlier this week we noted FMC was buying California-based Direct Drive. Today FMC says it will acquire Stavanger, Norway-based Multi Phase Meters AS for $30 million cash and two earn-out payments (6.6 times 2012 and 2013 EBITDA). MPM makes multiphase meters that can be used in extreme conditions common in oil and gas production projects.  More »

FERC's Spitzer: Texas well suited for plug-in hybrids

Mark Spitzer, a member of the Federal Energy Regulatory Commission, told a group of Houston electricity execs that Texas is in a good position to support the widespread use of plug-in hybrid electric cars. The key factors: excess wind power and growing use of “smart grid” technology. The state has ample wind power potential, so […]  More »

Chron Energy Newslinks | 09.25.09 | G8 gets an upgrade, war declared on plush toilet paper.

• The G20 is the new G8. • Beaumont sues Entergy for ‘unethical, fraudulent’ billing. • Ecuador will forego Amazon oil drilling, for a price. • Oil brings Equitorial Guinea’s first consulate to Houston. • Chesapeake to sell half its Barnett shale pipelines and form midstream JV. • Natural gas fund shifts strategy, moves to […]  More »

Alaskans bank on annual oil royalty dividend

Winter may be looming in Alaska but it’s also the time of year that residents in our 49th state find out how much they’ll get in their annual oil royalty checks. This year it’s $1,305: The amount — announced Wednesday by Gov. Sean Parnell — is nowhere near the size of last year’s bounty from […]  More »

$15 million for 'digital rock' firm Ingrain

Houston-based “digital rock physics” company Ingrain has secured a third round of funding totaling $15 million to advance the deployment of its digital rock physics labs (take the virtual tour here!) Two of the investors, Energy Ventures and KLP (Norway’s largest life insurance company), have put money in Ingrain in the past, with TPH Partners […]  More »

Chron Energy Newslinks | 09.24.09 | BP still not safe, Houston goes solar.

• OSHA says BP Texas City not meeting safety goals. • Houston, NRG plan 10MW solar plant. • Renewable power making its way to utility scale for grid reliability/demand response, says study. • Finding oil to get more expensive still. • Oxy’s earlier find in California could renew interest in exploration onshore. • Bill seeks […]  More »

New Pressure to Pass Climate Change Legislation

That tremble you felt yesterday was the world digesting the 2nd Circuit’s decision in Connecticut et al. v. American Electric Power Council.  After sitting on the case for 4 years, the court finally held that Connecticut and 8 other states could proceed to sue the 25 largest coal fired power generators in the country for […]  More »

Chron Energy Newslinks | 09.23.09 | Exxon considers shale?

• $1 billion+ in stimulus funds gives renewable energy biz a boost. Put another way, Iberdrola wins big, again. • Plug-in hybrid maker Fisker gets $529 million from feds. • Renewable vs. conventional energy capacity: the illustrated version. • “Big Oil” (Exxon) considers shale gas. • Pa. lawmaker warns gas drilling threatens forests. • Houston’s […]  More »
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