Forecast: Rising electric demand to tighten Texas power reserve
A new report projects that demand for electric power in Texas will exceed generation capacity during peak periods by 2022–a slight improvement from an earlier projection of “negative reserve margin” by 2020. More »
Cushing-to-Gulf Coast pipeline reversal completed
Owners of the Seaway project said the pipeline will begin carrying up to 150,000 barrels of crude per day to the Gulf Coast refining market this weekend. More »
Excelerate Energy plans natural gas export vessel for Gulf Coast
The Woodlands-based Excelerate Energy says it is developing the nation’s first floating liquefaction facility, to locate in Port Lavaca. More »
Technology can unlock new fields, curb fears of peak oil
Technology advancements in oil and gas production will allow the industry to remain the world’s dominant energy supplier for decades and curb fears that fossil fuels are rapidly running out, a Chevron vice president said today. More »
Survey: Shale driving optimism in oil and gas industry
A survey of energy executives by audit and advisory firm KPMG found most respondents see the U.S. reaching energy independence by 2050. More »
Anadarko expands massive Mozambique discovery
Anadarko’s Golfinho exploration well hit more than 193 net feet of natural gas pay offshore Mozambique, the company announced Tuesday. More »
Anadarko’s new CEO pledges to stay the course
Former investment banker Al Walker on Tuesday takes the helm of Anadarko, one of the world’s largest independent oil and gas producers, succeeding a chief executive credited with building one of the industry’s most attractive exploration portfolios. More »
Survey: Energy execs cautious about acquisitions
Just 31 percent of surveyed oil and gas executives expect to pursue acquisitions over the next 12 months, down from 48 percent in October, according to an Ernst & Young report. More »
Report: Carbon capture not growing fast enough to reduce CO2 pollution
Analysis by the Worldwatch Institute found that global spending on carbon capture and storage technology has stagnated, at $23.5 billion. More »
CBO: Increasing domestic oil doesn’t help energy security much
A report released by the Congressional Budget Office Wednesday concludes that policies reducing oil consumption energy security more than growing domestic production. More »
Newly independent ConocoPhillips will expand in North America, CEO says
In the first shareholders meeting since ConocoPhillips split from its refineries, CEO Ryan Lance said the company will expand in Texas regions with a high content of natural gas liquids. More »
Deep water draws more GE dollars to Houston
Manufacturing behemoth General Electric is ramping up investment in the energy sector and expanding its Houston footprint, with an eye on the global deep-water drilling boom. More »
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