(Associated Press)

Wind power growth faces sharp decline without federal aid, report says

While critics oppose the continuation of what they call “wind welfare,” Texas leads the nation in wind power, which makes up about 14 percent of the Texas grid’s generation capacity.
Environmentalists want California Gov. Jerry Brown. (AP file photo/Nick Ut)

California’s climate fight comes down to late negotiations

The Democratic governor has to break through a logjam in his own party in the final week of the legislative session.
(Photographer: Eddie Seal, Bloomberg)

Magnum Hunter shares could be de-listed, NYSE says

A punishing summer oil slump sent Magnum Hunter Resources Corp.’s shares below $1 apiece last month as it reported its crude and natural gas revenues in the second quarter came in sharply lower than last year, when oil was trading around $100 a barrel.
A multibillion-dollar expansion of  Dow Chemical Co's Freeport complex is one of many Gulf Coast petrochemical projects driven partly by low-priced U.S. natural gas.  (Dow Chemical Co. photo)

Taiwanese company proposes $9.4 billion chemical project in Louisiana

Formosa Chairman Bao-Lang Chen and Louisiana Gov. Bobby Jindal jointly announced the feasibility study for the project that would produce ethylene.
A Noble Energy rig off the south coast of Cyprus in the Mediterranean Sea. (AP Photo/Cyprus Press and Information Office, File)

Noble Energy: Egyptian find won’t derail plans to sell Israeli gas

In a statement Thursday, Noble’s CEO said there’s enough demand that no single discovery is large enough to satisfy the region’s needs.
A spinoff of National Oilwell Varco announced plans to buy a company that supplies the energy industry with pipes, valves and fittings.

EV Energy to buy gas-rich land for $259 million

The Houston oil producer has agreed to purchase land near its own in the Appalachian Basin in Ohio and Pennsylvania, the San Juan Basin in New Mexico, the Austin Chalk in South Texas other fields in Michigan.

Global economic worries keep crude in check

As opposed to the usual free-form structure, let’s do some painting by numbers to color in the backdrop for today’s market currents. Henceforth, five observations ahoy: 1) There is an interesting piece out this morning addressing the dichotomy seen within US shale producers, as some chose to hedge fairly aggressively in Q2, while some chose […]
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Liquefied natural gas export terminals including Cheniere Energy's $18 billion Sabine Pass facility nearing completion  in Cameron Parish, Louisiana,  should boost demand for U.S. natural gas. (Cheniere Energy photo)(Cheniere Energy)

Gas exports from Iran, Egypt seen threatening U.S. ambitions

Projects from North America to East Africa and Australia may be impacted as Iran progresses with its “supergiant” South Pars gas field and after Eni SA’s discovery of massive resources offshore Egypt.

Commentary: Focus for oil is on inventory, jobs data

Once again, the API has put the cat among the pigeons ahead of the weekly EIA inventory report. Prices had already spent yesterday getting stomped on all day, before the API released its report, revealing a surprise 7.6 million barrel build versus the expectation for a minor 0.8 mb draw. This was the largest build […]
Original byline: Jim Blecha/

GE’s Lufkin Industries closing plant, making layoffs

This is the third major job reduction by GE’s Lufkin Industries this year and the second and its Foundry plant, which is effectively being closed through this mass layoff, the company said in a letter to the Texas Workforce Commission.