Monthly Archives: February 2010

Petro Express and "The Venezuelan Connection."

The e-mail read like something sent by your quasi-Internet-literate uncle with a hearing aid and conspiracy theory streak: IN ORLANDO LAST WEEK, AT A CITGO STATION, REGULAR GAS WAS PRICED AT $2.82 PER GALLON, AND NO CUSTOMERS… HOWEVER, ACROSS THE STREET FUEL WAS SELLING FOR$2.85 PER GALLON AND ALL PUMPS THERE HAD CARS WAITING TO […]  More »

Petrobras project on track in Gulf of Mexico

Despite global economic headwinds last year, Petrobras remains on track to begin producing oil at its Cascade and Chinook fields in the deep water Gulf of Mexico by mid 2010, Cesar Palagi, a top U.S.-based official with Brazil’s state-owned oil company said Friday. Under a first phase of the project, Petrobras will bring online two […]  More »

Shell, IBM team up to improve oil and nat gas recovery

The average non-technical person doesn’t know the difference between a geologist and a geophysicist, nevermind a reservoir engineer, and may think it doesn’t really matter. But if you’re trying to find oil some 5 miles underground using the equivalent of a drinking straw, it turns out it matters a whole lot. That’s why Shell and […]  More »

Houston natural gas bills to rise

Houstonian’s monthly natural gas bills will go up by an average of about $2.51 to help cover the rising costs of operating the system that serves about 1 million homes and businesses. CenterPoint Energy, the company that operates the area’s electricity and natural gas distribution systems, asked for a larger increase last year — about […]  More »

Houston Energy Capital

Welcome to e-City Beat. My intent of this blog is to give you some insights into the Houston energy scene, to talk about the bigger strategic energy issues, and to share some key energy thoughts on unfolding trends. What better way to start than having a conversation on Houston as the Energy Capital of the […]  More »

What Texas, North Sea tell us about world oil supply

A few years ago as oil prices spikes “Peak Oilers” were having their day, explaining that surging demand from China and India was exposing the dwindling state of the world’s oil supplies. The recession-induced drop in demand and a string of new discoveries in challenging locations, had some predicting an age of endless oil: Many […]  More »

Chron Energy Newslinks | 02.26.10 | KBR gets private, explaining 'hide the decline'

• KBR looks to the private sector for work. • Pickens bullish on natural gas legislation. • Sen. Udall talks gas with Cramer. • Turning shale gas success into an oil story. • Exxon/XTO not about the shale, just the reserves. • 48,000 acres of Alaskan state waters get bids in oil lease. • RIP […]  More »

Alaska gasline may not be all milk and honey

Without oil tax revenue, Alaska’s state government wouldn’t have much money to spend. With no statewide sales tax or income tax, about 90 percent of the state’s funds come from royalty payments and taxes related to oil and natural gas production. It’s regularly a sore spot with the oil producers, including this year as the […]  More »

T. Boone Pickens: Nat gas is key to ending dependence on foreign oil

One ingredient of Texas oilman T. Boone Pickens’ plan to help wean America off its dependence on foreign oil is natural gas. Specifically, Pickens, who unveiled his Pickens Plan in 2008, says it would make a significant dent in the amount of oil the U.S. has to import if all large trucks and fleet vehicles, […]  More »

Apache's Farris says natural gas has future in U.S.

G. Steven Farris, Chairman and CEO of oil and gas producer Apache Corporation, was at the Westin Galleria Hotel today to speak at the Texas Independent Producers and Royalty Owners Association conference. The tune of the conference is that natural gas is the solution to reducing emissions and dependence on foreign oil, so most of […]  More »

U.S. ranks low in benzene standards for gasoline

Unlike in our medal count at the winter Olympics, when it comes to the amount of benzene we allow in fuel for our cars, the U.S. is way behind Western Europe, Canada, Australia and several Asian and South American countries. We placed 73rd — in between Tunisa and Bosnia-Herzegovina– in the International Fuel Quality Center’s […]  More »

Conoco, Origin make $4 billion Australian LNG deal with BG Group

ConocoPhillips and Australia’s Origin Energy plan to launch a deal with the UK’s BG Group to sell seed gas to BG’s LNG project off the coast of the northern state of Queensland, Origin announced yesterday. The deal, which The Australian puts at $4 billion, would have Origin and Conoco supplying gas to BG’s project for […]  More »

Senators decry plan for 'punitive' energy taxes

Oil and gas industry leaders have widely lambasted the Obama administration’s proposal to get rid of a swath of tax incentives that they say are critical to keeping marginal wells viable and offsetting the high capital costs of drilling. Now, lawmakers on Capitol Hill are getting into the act, too — with a near-daily drumbeat […]  More »

Atlas seeks partner for Marcellus Shale play

Houston’s Atlas Energy is looking for a JV partner for its Marcellus operations, Reuters said, citing unnamed sources familiar with the search. Atlas’s position is 266,000 acres in the booming natural gas shale play in southwestern Pennsylvania. Geologists say Marcellus, which sprawls over Pennsylvania, New York and several other states, could hold enough nat gas […]  More »

Krugman on the Oil Bubble Controversy

Prominent economist Paul Krugman dismissed the idea on Monday that oil markets experienced a bubble in 2008 as a curious misconception of the political “right.” Dr. Krugman’s quick, six sentence dismissal of the oil bubble school of thought follows on from his longer, incorrect op ed in the midst of the 2008 bubble that a […]  More »
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