First Solar restructuring leads to loss of $449M
A shakeout that is rattling the solar panel industry has sent First Solar, once among the industry’s biggest and strongest companies, to a big quarterly loss. More »
As Japan shuts down nuclear power, emissions rise
The Fukushima crisis is eroding years of Japanese efforts to reduce greenhouse gas emissions blamed for global warming, as power plants running on oil and natural gas fill the electricity gap left by now-shuttered nuclear reactors. More »
BP system to cap wells able to get there by air
Sitting at a construction yard along Houston’s Ship Channel is a 35-foot-tall, 100-ton hunk of steel that its owners hope never to use. More »
BP Gulf spill judge orders Jan. 14 trial on U.S. claims
The judge presiding over the BP Plc litigation tied to the 2010 Gulf of Mexico oil spill set a Jan. 14 trial date to determine fault for the sinking of the Deepwater Horizon drilling rig and resulting undersea leak. More »
Valero CEO says gas prices likely have peaked
The Eagle Ford shale formation will put out 500,000 barrels of crude oil a day by the end of the year, Valero Energy Corp. (VLO) Chief Executive Officer Bill Klesse said after the company’s annual meeting in San Antonio. More »
McClendon used Wachovia in personal sale after Chesapeake
Chesapeake Energy Corp. (CHK) Chief Executive Officer Aubrey McClendon agreed to sell $88 million of his personal oil and gas interests to investment vehicles created by Wachovia Corp. three weeks after his company used the bank in a similar $600 million deal, a court filing shows. More »
Fracking fluids may migrate to aquifers, researcher says
Chemically treated drilling fluid can migrate through thousands of feet of rock and endanger water supplies, said a hydrologist whose research calls into question the safety of hydraulic fracturing for natural gas. More »
Steffy: Energy industry thin skinned
The Offshore Technology Conference is like a big choir with a rotating roster of preachers. Few sour notes are heard. More »
OTC wraps up after drawing largest crowd in 30 years
Offshore Technology Conference attendees came, they displayed, and at 2 p.m. Thursday afternoon, they packed up and went home. More »
OTC event gives high schoolers a look at the industry
The group of 25 or so high school students stopped to examine a model of a jack-up rig at the Cameron booth at the Offshore Technology Conference. More »
OTC Guide to Houston’s restaurants and entertainment
Looking for ways to spend your free time during the OTC? Here are guides to some of Houston’s best restaurants, bars, clubs and sites, plus trails for running, which you’ll need to do to work off all those margaritas. More »
Guest Column: The regulatory cloud over the offshore service industry
Regulation has come to the offshore service industry, yet virtually all of the visitors and exhibiting companies at the OTC remain unware of this dramatic change to their industry. More »
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