Monthly Archive for November, 2009
Job cuts in the E&P and services sector of the energy business are discouraging, but this past year hasn’t just been job reductions, according to the December issue of the Greater Houston Partnership’s monthly economic outlook report. Employment in the 10-county Houston-Sugar Land-Baytown Metropolitan Statistical Area fell 3 percent, or by 78,200 jobs, from October […]
John N. Ehrman, the former CEO of Houston-based Rocky Mountain Energy Corp., has been sentenced to six months in federal prison for making a false filing with the Securities and Exchange Commission, according to the Department of Justice. Ehrman was indicted in 2007 for lying to the SEC about the number of shares the company […]
Norwegian oil firm Statoil is opening its first office in Alaska as it gets ready to work on the exploration leases it won last year in the Chukchi Sea. Sure, it’s just one person, but it’s another sign that 2010 could see real seismic and drilling activity in Alaska’s northern waters.
A breakdown of market share in Texas residential and businesses. (Reliant Energy data) Texas’ electric retailers usually don’t share details on how many customers they have, but a slide from a presentation at NRG Energy’s recent analyst conference provides an interesting snap-shot: TXU Energy has always had more residential customers than Reliant, starting off the […]
Plenty of readers complain to us about having to pay a new monthly fee to CenterPoint for a new digital electric meter they neither asked for nor may see for several years. But in England everyone will be getting digital gas and electric meters in the coming years at a cost ranging from $14.8 billion […]
Exxon Mobil and BP may be getting into a bit of a dust-up over Jubillee, says the Times of London: Exxon agreed in early October to pay $4 billion (£2.4 billion) for a quarter stake in the Jubilee field off the coast of Ghana. The sale agreement, struck with Kosmos Energy, the US firm, was […]
Chron Energy Newslinks | 11.30.09 | New York's love/hate relationship with drilling. 'Climategate' beats 'Global warming' on Google.
• Gas drilling feared in NY City but welcomed by some in rural New York. • Penny-pinching Norwegians pay for Chesapeake CEO’s $75m bonus • U.S. not using all the ethanol refiners were mandated to blend. • California truckers face tough deadline demand come Jan. 1. • U.S. coal producers to cut production citing glut. […]
What is Obama to Brothers Chavez and Ahmadinejad? Hugo Chavez of Venezuela received on Tuesday, November 24, in Caracas, the Iranian President Mahmoud Ahmadinejad. At a state reception with full military honors and pomp, Chavez used three words to characterize Ahmadinejad, each with pause for applause: “Leader. Brother. Comrade.” It is one thing for the […]
(BurningImage:Flickr) U.S. energy stockpiles continue to rise, the fall has been a bit warmer than normal and with the economy faltering, fuel use is down. Seems like gasoline prices should be lower as you hit the road for the holiday weekend, right? Sorry, not so. AAA says the national average price for a gallon of […]
LNG gurus Waterborne Energy noted last week it looked like the Freeport LNG facility about an hour south of Houston was set to re-export a shipment back overseas. Now it looks like they’ll make it a double. “Waterborne believes that Citibank has recently struck a deal with ConocoPhillips for the re-export of one 3 bcf […]