China agrees to halt subsidies to wind power firms
China has agreed to stop subsidizing wind power companies that use home-made parts rather than imports, the U.S. Trade Representative’s office says. (Via Reuters)
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Shell: world’s biggest gas-to-liquids plant to start soon
The oil major expects output at its joint venture gas-to-liquids project in Qatar to start in weeks. The $18-$19 billion plant will produce fuels such as diesel, kerosene and naphtha. (Via Reuters)
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Natural gas use may jump 50% in ‘Golden Age,’ IEA says
Growing demand in China, slowing growth of nuclear power, increased production of gas from unconventional sources including shale, lower gas prices and rising use in transportation could lift demand to 5.1 trillion cubic meters a year by 2035, the International Energy Agency said. More »
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Chron 100 company of the year: Chemical building blocks stack up well for Westlake
An improving market for its olefins, and lower costs to make them, pushed Westlake Chemical Corp. to the top of the Chronicle 100. More »
CenterPoint in power struggle over transmission line plan
An unlikely group of landowners, GOP officeholders and environmentalists have teamed up to fight the company’s five-county power line proposal. CenterPoint says the line is necessary to improve the reliability of Houston’s electric grid. More »
BP aims to salvage Rosneft deal
BP signaled it is beginning preparations to sell part of its stake in its conflict-plagued Russian venture TNK-BP to Rosneft in a bid to save a landmark cooperation deal with the Russian state oil company. (Via W$J) More »
Family accused of stealing millions from energy firm
Harris County prosecutors say a former accountant and several members of her family stole more than $13 million from a Houston oil and gas company over 10 years. More »
Shell targets Marcellus for new ethylene plant
Shell officials say they want to capitalize on the region’s natural gas boom to meet growing demand for plastics and petrochemicals. More »
Feds: 4 in 10 nuke plants don’t run severe-accident drills
U.S. reactors are getting closer scrutiny from regulators following the partial meltdown of the Fukushima Dai-ichi nuclear plant in Japan. While all reactor owners have severe-accident plans in place, Nuclear Regulator Commission inspectors found only 61 percent of the plants periodically include the guidelines in their emergency drills. More »
Oil drops below $100 ahead of OPEC meeting
Benchmark West Texas Intermediate for July delivery lost $1.21 to settle at $99.01 per barrel on the New York Mercantile Exchange. Crude has been within a few dollars of the $100 mark for about a month. More »
Supreme Court says Halliburton lawsuit can go forward *updated*
The high court overturned a lower court ruling against shareholders who want to pursue a class-action lawsuit claiming the oil services company inflated its stock price. More »
Husky halts drilling after malfunction on Newfoundland rig
A blowout preventer that was being moved shifted in its carrier when a lifting cylinder failed on the rig GSF Grand Banks. Twenty-one workers were removed from the rig; there were no injuries or environmental damage. More »
April 26, 2013
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assistant editor, FuelFix
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