Monthly Archives: January 2010

Carbon trading market to keep growing in 2010

Who needs the U.S. to create a CO2 cap-and-trade system? The global greenhouse gas trading market will grow just fine without it in 2010, according to a new report by analyst firm Point Carbon. The market will grow by one-third to €121bn, according to a new report, most if coming from the European Union’s Emissions […]  More »

CFTC fines three firms for improper gas trades

Three Canadian companies have been accused of improper natural gas trades by the U.S. Commodity Futures Trading Commission, which simultaneously settled charges with the firms on the day it announced the charges. According to Investment Executive the charges were against Scotia Capital Inc., “for prearranging trades in the natural gas futures contract on the New […]  More »

Ruling sends NRG, CPS back to the nuke negotiating table

A state court judge ruled CPS Energy can pull out of its 50/50 joint venture to expand the South Texas Project nuclear plant but he encouraged CPS and NRG Energy to get back to negotiating final terms, according to the San Antonio-Express News. The judge warned that even though CPS can keep its equity in […]  More »

Riverway Power redux?

If there are no second acts in American lives should the same hold true for owners of Texas electric companies? In June 2008 Riverway Power was one of several small electric retailer laid low by a combination of factors, including spiking natural gas and wholesale power prices and poor management decisions. The company filed for […]  More »

Anadarko stays put, digs deep

Devon is planning to sell offshore and overseas assets to focus on onshore North American oil and gas. XTO Energy agreed to be acquired by Exxon Mobil Corp. And Chesapeake Energy is doing joint ventures with just about everyone to keep its shale gas adventures going. But The Woodlands-based Anadarko is holding its cards close, […]  More »

Updated Alaskan pipeline price tag possible

The Exxon Mobil/TransCanada natural gas pipeline project off Alaska’s North Slope will hold a media teleconference Friday afternoon to discuss its upcoming open season (where proposed pipelines gauge the market for interest in shipping gas). Nothing earth-shattering is expected out of the call (i.e. the inevitable joining of this project and the BP/ConocoPhillips Denali pipeline […]  More »

Chron Energy Newslinks | 01.20.10 | Shell could cut more jobs, API/DOI slap-fest

• Shell says more job cuts possible in 2010. • Plans for Exxon’s massive North Houston campus revealed. • Crude flowing to Port Arthur refineries again following spill. • Pennsylvania plans more gas drilling rules, more inspectors, but they’re still in flux. • Willbros execs get sentenced to prison time for Nigerian bribery. • Half […]  More »

Ruling on nuclear expansion expected this morning

A state court judge is expected to rule around 10 a.m. today if San Antonio utility CPS Energy can pull out of a joint venture to add two new nuclear reactors to the South Texas Project yet still keep a 50 percent stake in any profits. Our colleagues at the San Antonio Express-News report that […]  More »

What about Haitian oil and gas?

If the Gulf of Mexico off the U.S., Mexican and Venezuelan coasts can be home to prolific oil fields why not the waters around the long-suffering island nation of Haiti? Maybe they are, notes Bloomberg: The Jan. 12 earthquake was on a fault line that passes near potential gas reserves, said Stephen Pierce, a geologist […]  More »

Tokyo Electric interested in Texas nuke project

NRG Energy may be locked in battle with San Antonio utility CPS Energy over the expansion of the South Texas Project nuclear power plant, but it appears there’s another party waiting in the wings: Japanese utility giant Tokyo Electric Power Co. A spokesman for the company says it is mulling an investment in the two-reactor […]  More »

The Davos talks you won't hear

World leaders are busy thinking big thoughts in Davos, Switzerland this week, but social justice pranksters The Yes Men have created an alternative reality online of what they’d like to hear at the meeting. It appears the group has taken interviews and speeches from everyone from The Queen of England to French President Nicolas Sarkozy […]  More »

KBR stays downtown

Houston’s downtown office market appears to have dodged a bullet as KBR said yesterday it will forego plans to build a corporate campus near Katy and stay downtown, reports the Chronicle’s Nancy Sarnoff: “After reviewing both market conditions and KBR’s overarching business plan, it became clear that expanding our downtown presence was not only a […]  More »
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