Chronicle Energy Items: 1.16.08

Some of the items in today’s Houston Chronicle or on
Enron common stockholders learn they’ll receive $6.79 per share: More than six years after filing their lawsuit, Enron investors are learning this week that they will receive an average $6.79 per share, for which they may have paid up to $90.
Third parties can’t be targeted in securities fraud: The Supreme Court dealt a blow Tuesday to Enron Corp. investors suing some of the fallen energy company’s former bankers, ruling that stockholders can’t go after third parties that participate in a securities fraud scheme.
Moneymakers: Bill Cooper thinks an LNG cartel is unlikely: A building boom is under way in the liquefied natural gas industry, as energy companies try to keep pace with rising gas demand by building new facilities capable of handling LNG shipped in from abroad.
Biodiesel plant filing alleges Chevron fraud: Chevron Corp. executives committed fraud when they told owners of a biodiesel plant in Galveston they would “not let you fail,” but then refused to inject more money into the struggling project, partners in the venture alleged in a court filing late Tuesday.
Jury says ex-trader sought to sway natural gas price: A Houston jury found that a former trader intended to manipulate the market price of natural gas but cleared him of knowingly sending publications false price information that would have affected prices.
Fatal BP accident is third since explosion: A 32-year veteran of BP’s Texas City refinery who died Monday became the third worker to suffer fatal injuries there in the nearly three years since an explosion killed 15 workers.
Digest: Schlumberger says it will cut jobs; Rice, UT launch advanced energy consortium.