Fluor energy construction firm sees $70 as the new $100 oil

Fluor posted relatively flat net income of $176 million from continuing operations for the third quarter that was down 3 percent from last year, but revenues were down much more and the energy engineering and construction company reduced its earnings guidance going forward.
CB&I Chairman and CEO Philip K. Asherman, May 23, 2014 in The Woodlands, TX. (Eric Kayne/For the Chronicle)

CB&I sells its nuclear construction business to Toshiba subsidiary

CB&I, which operates out of The Woodlands but is formally domiciled in the Netherlands, reported well more than $2 billion in 2014 revenues from its nuclear business, but conflicts and delays have arisen from major nuclear construction projects in Georgia and South Carolina with Westinghouse as a partner. Outside of projects in China, CB&I has expressed some concerns about the lack of new nuclear projects on the drawing board.
(AP Photo/Oded Balilty, File)

NRDC: U.S. has made “unprecedented” shift to renewables

While natural gas plants are considered more environmentally friendly than their coal counterparts, the report notes natural gas production is linked to the emission of methane — the main component of natural gas — which is a “potent climate change pollutant.”
(Jerry Lara/San Antonio Express News)

Wind, solar causing “upheaval” for utilities, San Antonio power exec says

Utility companies in Texas and beyond must adjust for the future or fade into oblivion, said Cris Eugster, chief generation and strategy officer for San Antonio’s integrated utility company, called CPS Energy.
An Iranian man walks past a mural displaying the Iranian map adorned in the colours of the country's national flag, on June 29, 2015 in Tehran. Despite agreeing the outlines of a nuclear agreement on April 2, the final talks between Iran and six powers led by the United States on turning it into a binding accord have hit difficulties on reaching a deal which would lift sanctions, paving the way for foreign investment to flow back, in exchange for curbs on Iran's nuclear activities. AFP PHOTO/BEHROUZ MEHRIBEHROUZ MEHRI/AFP/Getty Images

UN agency: Iran’s role in nuclear probe meets standards

The chief of the U.N. nuclear agency acknowledged Monday that samples used to determine whether Iran tried to develop a nuclear weapon were collected by the Iranians instead of agency experts, but insisted the probe stands up to strict agency standards.

Commentary: Key turning points in the energy complex

(source: Wikipedia) To be honest, I had not heard of the phrase ‘Jumping The Shark‘ until recently (I’m not talking about surfer Mick Fanning either). It’s not like I didn’t watch ‘Happy Days’ when I was growing up, I just don’t remember that episode. For those unaware, ‘Jumping The Shark‘ is a term used to […]
FILE - In this Sept. 22, 2014 file photo, Energy Secretary Ernest Moniz speaks  during the general conference of the International Atomic Energy Agency, IAEA, at the International Center in Vienna, Austria.  Moniz, the eccentric MIT professor-turned-U.S. Energy secretary, by all accounts played a pivotal role in reaching the historic nuclear accord. Now with his diplomatic legacy on the line, President Barack Obama is turning to Moniz to help sell the deal to a highly skeptical Congress.  (AP Photo/Ronald Zak, File)

Obama’s unlikely Iran deal MVP: Energy Secretary Moniz

Ernest Moniz, the eccentric MIT professor-turned-U.S.-Energy-secretary, by all accounts played a pivotal role in reaching the historic nuclear accord.
FILE - In this Dec. 22, 2014 file photo, an Iranian oil worker rides his bicycle at the Tehran's oil refinery south of the capital Tehran, Iran. Oil prices that slumped steeply earlier this year may take another hit once a historic deal between the West and Iran allows that country to start pouring more crude into a market already brimming with supply. (AP Photo/Vahid Salemi, File)

Eni CEO: Iran could double oil output by 2020

The flood of Iranian oil into a global market that’s already oversupplied will keep crude prices low for the rest of the decade, Eni SpA Chief Executive Officer Paolo Scaroni said on Wednesday.
(AP Photo/Hasan Jamali, File)

Iran oil boost on hold to 2016 as nuclear inspectors go to work

OPEC’s fourth-largest member won’t achieve a crude-export boost of more than 500,000 barrels a day, or about 50 percent, until next year as Iran’s compliance with curbs on its nuclear program is verified, a pair of banks said.
NEWBURG, MD - JUNE 29: Two white ducks walk along the Beach at Aqualand Marina as emissions spew out of a large stack nearby at the coal-fired Morgantown Generating Station on the Potomac River on June 29, 2015 in Newburg, Maryland. Today the U.S. Supreme Court ruled against the Environmental Protection Agency's (EPA) effort to limit certain power plant emissions -- saying the agency "unreasonably" failed to consider the cost of the regulations.  (Photo by Mark Wilson/Getty Images)

Power plant operators say they’ve cut carbon emissions ahead of EPA’s Clean Power Plan

The “Benchmarking Air Emissions” report, which examined the nation’s 100 largest electric power producers, comes in advance of the final proposal of the so-called Clean Power Plan from the the Environmental Protection Agency to reduce greenhouse gas emissions from existing power plants.