Feds give Texas project license to broadly export LNG
The Obama administration on Friday gave Freeport LNG approval to broadly export domestically harvested natural gas, marking only the second time a U.S. company has won such a license. The export license ensures that the Texas-based project will be able to liquefy natural gas produced by BP to Japan, Taiwan and other countries that do not have free-trade agreements with the United States. More »
Recruiters take to OTC exhibit floor to snag top-notch students
Colleges and universities have an easy job at the Offshore Technology Conference, with many company recruiters on-site and ready to pounce on engineering students with good GPAs. More »
U.S. poised to become net energy exporter, Exxon Mobil forecasts
The U.S. could become a net exporter of energy by 2025, said William Colton, Exxon Mobil vice president of corporate strategic planning.The economic benefits of domestic oil and gas production are the equivalent of a $600 billion stimulant package for the U.S. economy, he added. More »
Is U.S. energy independence realistic?
Some say it’s not realistic to suggest that the United States will stop importing oil entirely, because of the nation’s dependence on the broader global economy. More »
What’s the biggest threat to the Gulf of Mexico?
A Texas A&M academic gives a surprising one-word answer to the question, “What’s the biggest threat to the Gulf of Mexico?” Chronicle SciGuy Eric Berger comments. More »
Technology draws bead on hydraulic fracturing
Companies are rushing to stay on the leading edge of developing ceramic proppant, as research shows that the tiny beads provide a better boost for oil flow than conventional sand when used in hydraulic fracturing. More »
Renewables can help feed Africa’s power needs, experts say
Speakers at the Texas Africa Business Summit said Thursday that an insufficient workforce and ill-conceived government projects are impeding development of conventional power infrastructure in Africa. More »
Fracking concerns are legitimate, international energy chief says
While worries about hydraulic fracturing’s environmental impact are legitimate, banning the practice would increase reliance on coal and Middle East imports, said International Energy Agency Executive Director Maria van der Hoeven, while speaking at Rice University Friday. More »
Norwegian venture capital firm finds success in Houston innovations
Energy Ventures, a nine-year-old firm, opened Houston offices in 2007 and is backing local start-ups that want to revolutionize oil field production. More »
Rice competition adds clean energy prize
Rice will give away $100K to entrepreneurs who come up with innovative green businesses. An even bigger prize could await the winners in Washington, D.C. More »
BP official: Other gas deposits at Macondo may have gone unreported
A BP scientist identified a previously unreported deposit of flammable gas that could have played a role in the Gulf of Mexico spill, but BP failed to divulge the finding to government investigators for at least a year, according to interviews and documents obtained by The Associated Press. More »
Rice U. researchers create biofuel from glucose
The researchers’ green process manufactures biofuels and petrochemicals at a rate 10 times faster than other methods, according to Rice University. More »
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