Facebook Texas data centre in Fort Worth FORT WORTH, Texas – Facebook is building a massive data centre in Texas to provide more computing capacity for the online social network’s 1.4 billion users to share tidbits of their lives with friends and family. The first phase of the $500 million project in Fort Worth, Texas will span […]
Facebook Texas data centre to use wind power to run servers Read More »
Crude oil export ban costs jobs, investment in Texas, other energy-producing states The American crude oil export ban is damaging the Texas economy and should be lifted immediately, Railroad Commission Chairman David Porter testified before the U.S. Agriculture Committee Wednesday. Porter emphasized how lifting the ban on crude oil exports would spur new American energy production, foster
Lift American crude oil export ban now – Porter to Ag Committee Read More »
EIA forecasts American net exports of petroleum products to continue rising American refineries are exporting 4.1 million barrels a day of petroleum products in the first quarter of 2015, an increase of 0.5 million b/d over exports the same time last year, according to the US Energy Information Administration. Over the past decade, domestic refinery output of
American petroleum exports rise rapidly over past 10 years Read More »
Houston-based Linn Energy starts week with three bold deals Struggling Linn Energy announced a flurry of deals Monday that included selling Permian Basin assets for $281 million and securing $1.5 billion in new financing the company hopes will re-ignite growth. Linn Energy stock value has dropped from $32 per unit last July down to less than $9 Tuesday as
Linn Energy sells Permian assets, inks $1B deal to fund growth Read More »
Alberta oilpatch weathering low commodity prices CALGARY – With oil prices drifting closer to US$50, energy executives in downtown Calgary are trying to stay positive. Apart from the crude drop and stock hit, “everything’s working pretty well” at Cenovus Energy (TSX:CVE) these days, deadpanned Harbir Chhina, the firm’s executive vice-president of oilsands. MEG Energy (TSX:MEG) vice-president John Rogers echoed
Alberta oilpatch making the best of it as crude drops toward US$50 a barrel Read More »
Taylor Energy may have to do more to mitigate impacts BATON ROUGE, La. – A federal judge has refused to dismiss a lawsuit that environmental groups filed against a New Orleans-based company responsible for a decade-old oil leak in the Gulf of Mexico. U.S. District Judge Susie Morgan ruled Tuesday that a trial is necessary to determine
Judge refuses to dismiss lawsuit against Taylor Energy, responsible for Gulf oil leak Read More »
Industry will account for almost one-third of American natural gas demand Natural gas for power generation and LNG exports may dominate water cooler discussions in the energy sector, but analysts with consultancy Black & Veatch say industrial demand shouldn’t be ignored. Michael Dickson and Denny Yeung, writing in the July issue of Energy Strategies Report, say the
American industrial demand for natural gas rising Read More »
Texas economic freedom reduces poverty – DeVore Demographers estimate that in less than 30 years America will be “majority-minority,” with the white, non-Hispanic population dipping to under 50 percent. The future has already arrived in California, Hawaii, New Mexico, and Texas. Of those four states, California and Texas have demographic profiles most closely matching our nation’s demographic future. Which
Texas or California: Which is America’s future? Read More »
Mountaintop removal sometimes includes “valley fill” – dumping overburden in a stream Mountaintop removal coal mining is a controversial practice, one that has declined 62 per cent over the past six years, according to the US Energy Information Administration. Total U.S. coal production decreased about 15 per cent from 2008 to 2014. Surface production decreased
Mountaintop removal coal mining drops by 62% from 2008-14 Read More »
Gathering/processing a new operation for Legacy Reserves Midland-based Legacy Reserves is finally venturing into East Texas after purchasing natural gas properties, gathering/ processing assets for $440 million. Legacy Reserves (Nasdaq:LGCY) made the announcement Monday, saying it has entered into separate agreements with affiliates of Anadarko Petroleum and Western Gas Partners, LP as part of the deal. “This acquisition represents
Legacy Reserves buys East TX natural gas properties, assets for $440M Read More »
