Chron Energy Items: 02.07.08

A few of the energy related stories in the Houston Chronicle or on
Exxon Mobil lengthens its reach: Oil giant breaks its own record with well that stretches more than 7 miles off Sakhalin’s shores.
Investigators to update findings from latest BP blast: Investigators for the U.S. Chemical Safety and Hazard Investigation Board are expected to announce today that they are conducting a detailed investigation of why a man died last month in an accident at BP’s Texas City refinery, according to a source familiar with the investigation.
UK panel urges stronger push toward wave energy: Bloomberg News — A U.K. advisory panel urged officials from utilities, government and academia to collaborate more closely on wave-energy research to speed the use of new technology that may provide a fifth of the country’s electricity.
Apache Fourth-Quarter Profit Rises After Oil Climbs to Record: Bloomberg — Apache Corp., the largest U.S. investor in Egypt, said fourth-quarter net income doubled on record oil prices and increased production.
National Oilwell Varco net income up 57 percent: Bloomberg News — National Oilwell Varco, the biggest U.S. maker of oilfield equipment, said fourth-quarter profit jumped 57 percent after record crude prices spurred orders for drilling rigs and parts.
Devon Energy more than doubles net income: Bloomberg News — Devon Energy, the biggest independent oil and natural-gas producer in the U.S., said fourth-quarter profit more than doubled to a record on higher prices and production.
Pipeline giant Spectra credits expansion for profit rise: Bloomberg News — Spectra Energy, the second- biggest U.S. pipeline company by market value, posted a 14 percent gain in fourth-quarter profit after expanding its capacity to transport and store natural gas.