Jude Hislop

High distillate fuel oil inventories in Central Atlantic weighing on spot price

News

Distillate inventories in Europe, Asia have reached highest level in several years, depressing global prices  Stocks of distillate fuel oil in the Central Atlantic, which encompasses the New York Harbor region, have risen nearly every week since April, reaching 36.9 million barrels as of October 30. This level is 9 million barrels above the five-year […]

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Clayton Williams Energy loses $9.4 million in Q3 2015, may be for sale

Energy Financial

Clayton Williams Energy cash flow for 9-month period in 2015 was $55 million, compared to $211.7 million during same period in 2014 The oil and gas downturn has hit Midland, Texas-based Clayton Williams Energy, Inc. particularly hard, judging by third quarter financial statements, which the company released Thursday. Clayton Williams Energy reported a net loss

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Fluor completes tallest lift on Chevron Gulf Coast petrochemicals project

News

Over past 3 months Fluor has executed nine mega-lifts at site, erecting major pieces of equipment for plant’s operations IRVING, Texas – Fluor Corporation announced that it has completed the tallest lift on its U.S. Gulf Coast Petrochemicals Project for Chevron Phillips Chemical Company LP. Fluor, in a joint venture with JGC, is performing the engineering, procurement and construction

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Pioneer Natural Resources enjoys strong Q3, expanding in Permian Basin

Energy Financial

Midland, Texas-based Pioneer Natural Resources continues with Eagle Ford, Spraberry/Wolfcamp drilling DALLAS, TX – Pioneer Natural Resources Company bucked the trend and delivered strong third quarter financial results thanks to better than expected growth in production. Pioneer Natural Resources reported third quarter net income attributable to common stockholders of $646 million, or $4.27 per diluted share.

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Texas keeps breaking wind generation records as capacity grows rapidly

News

More than 4,000 MW installed in Texas during 16 months from June 2014 through Sept. 2015 A combination of new wind generation capacity, strong wind conditions, and unseasonably warm temperatures have helped Texas break wind power generation record, according to the US Energy Information Administration. The latest all-time instantaneous peak of 12,238 megawatts (MW) reached on

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Bayou City Energy partners with TXON-SCZ to buy North Texas assets

Energy Financial

Bayou City Energy supports experienced teams with fresh capital to develop legacy oil fields HOUSTON, TX – Bayou City Energy Management, LLC, announced it has joined with TXON-SCZ, LLC to acquire producing oil fields in North Texas, primarily within the historic KMA Field of Wichita County, Texas. TXON-SCZ was formed in 2015 through the contribution of

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ERCOT reports plenty of electricity generation for Texas winter, spring

News

With 79,000-plus MW available, ERCOT anticipates sufficient electricity for anticipated peak demand of 57,400 MW AUSTIN, TX — The Electric Reliability Council of Texas (ERCOT), grid operator for most of Texas, expects the region will have sufficient electricity generation to meet expected peak demands this winter. ERCOT today released its final Seasonal Assessment of Resource Adequacy (SARA) for the

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Seven ways ban-fracking activists try to scare you with false information

News

 “At the end of the day there isn’t really anything new coming out of the fracktivist camp. Instead, they recycle the same tired playbook of assertions.”  Anti-fracking activists’ long effort to scare the public with false information is perhaps best illustrated by a recent flyer advertising a rally organized by Appalachia Resist in Ohio, in which

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Despite recent closures, U.S. nuclear capacity scheduled to increase by 2020

News

Nuclear reactors typically larger than natural gas/coal-fired units; average nuclear unit capacity just under 1,000 MW Despite the scheduled closure of more than 2,000 megawatts (MW) of nuclear generating capacity by 2019, scheduled additions of more than 5,000 MW of capacity between 2016 and 2020 could result in a net increase in total American nuclear

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