Monthly Archive for September, 2009
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 […]
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 […]
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 […]
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. […]
• 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 […]
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, […]
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 […]
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.
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 […]
• 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 […]