California solar project wins $2.1B in federal loans
Oakland, Calif., based Solar Trust of America will use the funds to build two solar thermal plants near the desert town of Blythe. The two plants are the first phase of a larger project that could one day be the world’s largest solar array, generating up to 1,000 megawatts of electricity and powering 300,000 homes. More »
Scientists urge more realism in rig emergency drills
Drilling experts, petroleum engineers and other scientists on Monday considered an array of changes to make offshore exploration safer, including putting everyone on rigs through realistic simulations of blowouts and other emergencies.
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Blame Canada: Quebec students take top eco-challenge spot again
Canadian students took first place in Shell’s annual fuel-efficient vehicle competition with a one-person car that got 2,564.8 miles per gallon. Louisiana Tech students took the top spot in a different car class with 647.7 miles per gallon. More »
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Worker dies in fall on inactive Gulf production platform
A worker with Alliance Oilfield Services fell and later died while doing decommissioning work on a shallow-water natural gas platform owned by Houston-based Hilcorp. Energy. More »
Indian tribe sues BP for oil spill damages
The Pointe Au Chien tribe claims its ancestral lands and fishing grounds in southern Louisiana were devastated by the 2010 oil spill in the Gulf of Mexico. The tribe seeks compensation for lost tax revenue and income, decline in property values, spill cleanup costs, restoration of damaged natural resources and punitive damages. More »
Oil prices drop on S&P warning on U.S. debt
Economists are watching for signs that high fuel prices are taking a toll on the economy. Industry surveys suggest that drivers are cutting back on gasoline purchases. The combination of stagnant wages and rising food and energy costs has prompted some economists to lower their growth estimates for the economy in the first quarter by half. More »
Gulf spill fund has approved $3.8B in payouts
A $20 billion fund to pay victims of the oil spill in the Gulf of Mexico has so far approved $3.8 billion in claims, according to a report by the administrator released two days before the anniversary of BP’s Macondo disaster. More »
A year after Macondo: What’s changed, and what hasn’t
The Macondo blowout spurred new regulations and is changing industry practices, but other proposals have stalled. More »
BP exec outlines new plans for offshore safety
The oil giant has made changes designed to prevent a repeat of the lethal blowout at its Macondo well last year, a company executive said Monday. The new steps include requirements for third-party testing of cement used at its wells and a redundant set of pipe-cutting shear rams on emergency devices known as blowout preventers. More »
Halliburton more than doubles 1Q profit on boom in North American business
The oil field services giant soars on a continued boom in shale drilling activity in North America, which proved more than enough to offset a big charge from its war-torn Libyan operations and slower international business. More »
Dems report on range of chemicals in fracking fluids
The report, issued by House Democrats Henry Waxman, Ed Markey and Diana DeGette, doesn’t break new ground, but catalogs the range of chemicals already known to be in use for hydraulic fracturing. More »
Why electricity isn’t like airlines
There’s one key difference in electric deregulation compared with deregulation of airlines, Loren Steffy writes. In those industries, competition drove prices lower. In Texas, electricity markets were deregulated with the goal of benefiting the companies involved. More »
April 26, 2013
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