Monthly Archives: November 2009

The hires and fires of Houston's energy workforce

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 […]  More »

Ehrman, "securities recidivist," gets 6-month sentence

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 […]  More »

Statoil goes Alaskan

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.  More »

Texas electricity: who's the biggest?

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 […]  More »

Resent that 'smart meter'? Be glad you're not in the U.K.

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 […]  More »

BP waiting for Exxon's Jubilee deal to fall through

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 […]  More »

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. […]  More »

What is Obama to Brothers Chavez and Ahmadinejad?

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 […]  More »

What's up? Holiday travel and gasoline prices

(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 […]  More »

Not one but two U.S. LNG exports pending

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 […]  More »

Anadarko to forgo Alaska gas drilling this winter

The Woodlands-based Anadarko won’t be drilling in the Brooks Range foothills during the winter exploration season in Alaska as it evaluates the prior wells it drilled with partners Petro-Canada and BG. Alaska policymakers and the public have been closely following Anadarko’s exploration program in the Gubik region, according to the Anchorage Daily News, because it’s […]  More »

Chesapeake's gonna play Sun City

Looks like “America’s Natural Gas Leader”, Chesapeake Energy, is aiming to become “Africa’s Natural Gas Leader.” Chesapeake is joining integrated energy firm Sasol and Statoil in applying for onshore petroleum exploration rights in South Africa. Sasol, which is leading the charge, said the proposed exploration effort will be focused on finding shale gas resources in […]  More »

CFTC will go a bit light on trade limits

The Commodity Futures Trading Commission won’t be quite as strict in the position limits it imposes on futures trading due to lobbying by Congress and industry, according to Reuters: When the new rules are announced, likely in December, they “will probably be less strict than originally contemplated so traders will not be driven to markets […]  More »

Why is China really investing in the U.S.?

China’s interest in Gulf of Mexico oil leases and West Texas wind farms may seem a bit worrisome — don’t they already have a pretty good grip on our economy as our chief supplier of consumer goods and trillions of dollars in T-bill reserves? But George Friedman, founder of Stratfor Global Information Services in Austin […]  More »

Chron Energy Newslinks | 11.25.08 | HAL can't escape KBR; the new 'Manhattan Project'

• Fed energy funds pushing huge shift in U.S. science. • Interior secretary blasts oil industry’s ‘poison’ attacks. • Halliburton must remain a defendant in deadly KBR/Iraqi truck convoy suit. • A drop in work from Pemex could hurt Halliburton’s bottom line. • China has a new energy headache: natural gas shortages and price spikes. […]  More »
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