Posts filtered on Tag
While Texas currently has very little solar power generation, there are several projects currently in development.
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.
As the hedges roll off, credit tightens and the realization that high prices are far off settles in, many companies will need to offer assets for sale and stronger ones will find good deals.
Crude oil prices continued an upward trend Tuesday but fell once again by Wednesday afternoon, when West Texas Intermediate was down $4.61 and trading at $48.44 per barrel.
Oil companies don’t have the best reputations in the communities where they drill, and can be seen as threats to local water supplies.
Adam Sieminski, head of the U.S. Energy Information Administration, spoke at 2014 Deloitte Energy Conference in Houston about long-term trends facing the energy sector. Here are five takeaways from his presentation.
Unlike the first wave of investment, which gave the biggest boost to smaller independent oil companies that got an early start in shale plays, the manufacturing resurgence will involve a diverse set of players, including chemical giants like Dow Chemical and LyondellBasell, which are planning to expand their capacity along the Gulf Coast, and midstream companies hoping to export LNG, according to a report by the Deloitte Center for Energy Solutions
Over the next five or six years, surging shale-oil production in the United States could cut deep into the Organization of Petroleum Exporting Countries’ influence over global oil prices, a new report says.
Experts on Houston’s energy economy say the oil and gas industry is facing a slowdown that will affect job growth, mirroring the tempered outlook energy executives showed in a recent survey.
New projects have been the focus of major energy companies during the shale boom, with producers buying up large swaths of acreage, but upstream companies won’t be looking to continue that spending spree in 2014, according to an analysis from Deloitte.