The East Texas Electric Cooperative, the Trinity River Authority and other participants broke ground Wednesday on the new hydroelectric power plant at Lake Livingston. (ETEC)

Construction kicks off for hydroelectric plant near Houston

on
The East Texas Electric Cooperative, or ETEC, broke ground Wednesday on the new 24-megawatt power plant will power about 12,000 eastern Texas homes and generate about $1 million annually for the city of Houston for the right to use city facilities at the lake.
Aubrey McClendon, owner of American Energy Partners (F. Carter Smith/Bloomberg )

American Energy Partners units seek bond deals amid oil slump

on
The slump in oil prices has prompted the units to cut spending budgets and lower production estimates, significantly increasing their debt levels relative to earnings, according to Standard & Poor’s. They’re seeking financing deals after S&P warned earlier this month that their liquidity could deteriorate significantly next year.
(Dado Galdieri/Bloomberg)

Petrobras abandons deepwater prospect in Brazil’s biggest oil field

on
The decision to return the area underscores how exploration in the deepwater region where Petrobras has had its most success finding and producing oil still carries risks. Output at pre-salt fields has surged to more than 800,000 barrels a day, about a third of Brazil’s total output, since extraction started in 2010.
Vanguard Natural Resources

Low oil and gas prices spur Vanguard’s two big acquisitions

on
Low oil and gas prices contributed to Vanguard Natural Resource’s decision to make two significant acquisitions in less than 40 days, the Houston company’ chief financial officer said Tuesday morning.
Caption


In this Saturday, May 23, 2015 photo released by the U.S. Coast Guard, two cleanup crew members work to remove oil from the sand along a portion of soiled coastline. (Chief Petty Officer David Mosley/U.S. Coast Guard via AP)

Company hopes to remove ruptured oil pipeline by Tuesday

on
The company now says the estimate of the worst-case volume of oil released is up to 101,000 gallons — about 4,200 gallons less than previously believed.

Commentary: ISIS victories and oil

on
Right now, oil prices seem under pressure from any number of forces: Saudi market share strategies, Iran’s quiet sales from floating stocks, historically high U.S. and Chinese inventory levels, and a very large backlog of uncompleted tight oil wells in the United States. But over the longer term, the situation on the ground with the […]
Categories: General
In this Friday, May 22, 2015 photo provided by Reese Semanko, a woman identified as Chiara Rose has suspended herself in a climbing harness from the anchor chain of the Royal Dutch Shell support ship Arctic Challenger in the harbor at Bellingham, Wash.(Reese Semanko via AP)

Updated: 2 people chained to Shell ship north of Seattle

on
Two people have chained themselves to a support ship that is part of Royal Dutch Shell’s exploratory oil drilling plans and currently moored in Washington state.
This May 22, 2015 photo from the U.S. Coast Guard shows two members of the Coast Guard’s Strike Team surveying the site of the pipeline break in the hills above Refugio Beach north of Goleta, Calif. (Chief Petty Officer David Mosley/U.S. Coast Guard via AP)

Pipeline operator defends its shutdown procedure

on
The original owner of the pipeline skirted the Santa Barbara County requirement by successfully arguing in court in the late 1980s that it should be subject to federal oversight because the pipeline is part of an interstate network, said Kevin Drude, deputy director of the county’s Energy and Minerals Division. Auto shut-off valves are not required by federal regulators.
Caption


This photo provided by the U.S. Coast Guard shows a fire on the Breton Island platform on Friday, May 22, 2015 off the coast of Louisiana.  (U.S. Coast Guard via AP)

Fire on coastal Louisiana oil platform extinguished

on
The Coast Guard reported that a light sheen of oil near the site appeared to be dissipating and moving away from the Breton National Wildlife Refuge on the nearby barrier islands.
Downtown Houston (Bobby L. Warren/Wikimedia Commons)

Houston gains in energy efficiency while other Texas cities lag, according to scorecard

on
Just because the Petro Metro is awash with more oil and natural gas than it has been in decades doesn’t mean the city can’t save a few bucks on its energy bill.