Archive for the ‘ENERGY – Market Sector’ Category

Court agrees to review ruling in Katrina-related climate-change case

MISSISSIPPI GULF COAST — A federal appeals court has agreed to review a three-judge panel’s ruling that a group of Mississippi coastal landowners can sue energy and chemical companies on allegations that linked greenhouse gas emissions to Hurricane Katrina. The lawsuit alleges that greenhouse gas emissions from energy and chemical companies contributed to global warming, [...] [...]

Judge rejects BP’s request to block oil spill payouts

NEW ORLEANS — A federal judge has rejected BP’s request to block what could be billions of dollars in settlement payouts to businesses who claim the company’s 2010 oil spill in the Gulf of Mexico cost them money. Before a hearing today, U.S. District Judge Carl Barbier already had upheld court-appointed claims administrator Patrick Juneau’s [...] [...]

Southern decides against federal loan for Kemper coal plant

by Associated Press Published: April 3,2013

Tags: coal, electricity, energy, federal government, finance, loan, power

KEMPER COUNTY — The Southern Co. has withdrawn plans to seek a federal loan guarantee for the power plant its subsidiary Mississippi Power Co. is building in Kemper County. A spokesman for Atlanta-based Southern says Mississippi Power can borrow money elsewhere at a lower rate than available under the loan from the U.S. Department of [...] [...]

Energy company to expand one pellet plant, build another

LUCEDALE and COPIAH COUNTY— Gulf Coast Renewable Energy is ramping up plans for a wood pellet plant in Lucedale, and plans to build another plant just as big in Copiah County. The Mississippi Press reports that the company says it now plans to double the plant’s capacity to 320,000 metric tons of pellets a year [...] [...]

Refinery makes $1M donation to Audubon Society programs

by Associated Press Published: March 21,2013

Tags: charitable giving, crude oil, donate, donation, donor, ecosystem, ecotourism, energy, environment, fuel, gasoline, petroleum, REFINERY, wildlife

PASCAGOULA — The Chevron Pascagoula Refinery is donating $1 million to the Pascagoula River Audubon Center and another National Audubon Society program, the Mississippi Flyway. The Sun Herald reports the majority of the money will go to support operations and educational programs for a new $2 million center, soon to be built on 10 acres [...] [...]

Gulf oil and gas lease sale pulls in $1.2B in bids

by Associated Press Published: March 21,2013

Tags: auction, bid, crude oil, energy, federal agency, federal government, fuel, gasoline, lease, natural gas, offshore drilling, petroleum, sale

GULF OF MEXICO — A nearly 39 million-acre oil and gas lease sale yesterday for the central Gulf of Mexico drew $1.2 billion in high bids by offshore energy producers. The Bureau of Ocean Energy Management said 52 companies submitted 407 bids on 320 tracts, three to 230 miles off the coasts of Louisiana, Alabama [...] [...]

Salazar to attend federal oil and gas lease sale

by Associated Press Published: March 20,2013

Tags: auction, bid, crude oil, energy, federal agency, federal government, fuel, gasoline, lease, natural gas, offshore drilling, Oil, petroleum, sale

GULF OF MEXICO — U.S. Interior Secretary Ken Salazar will be on hand when federal regulators put more than 38 million acres in the central Gulf of Mexico up for bid to offshore energy producers. The sale in New Orleans will begin at 9 a.m. today in the Superdome and include about 7,299 federally-owned drilling [...] [...]

KiOR makes first shipment, reports loss

COLUMBUS — Texas-based KiOR Inc. has reached a milestone with the first shipments of cellulostic diesel from its biofuels production facility in Lowndes County. KiOR president and CEO Fred Cannon says in a statement that the company will focus on achieving “steady state operations” in Columbus. He says KiOR expects to produce between 3 million [...] [...]

State awards county grant for KiOR site work

NATCHEZ — Adams County has received $3.9 million in grants from the state for work on a levee and new water system on the former Belwood County Club property, the future site of KiOR’s Natchez alternative fuel production facility. The Natchez Democrat reports the county initially had sought to borrow the money to partially finance [...] [...]

Senator backs bill aimed at streamlining natural gas exports

WASHINGTON, D.C. – U.S. Sen. Thad Cochran (R-Miss.) is co-sponsoring legislation to broaden natural gas exports to U.S. allies in order to advance American national security interests. The Expedited LNG for American Allies Act of 2013 (S.192) would require the secretary of energy to allow approve exports of natural gas, including liquefied natural gas (LNG), [...] [...]

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