Posts Tagged ‘energy’

Shale oil: market correction or longterm direction?

By Jack Weatherly The golden age of hydraulic fracturing began about 10 years ago “as oil and gas producers began to explore the nation’s massive shale formations in earnest,” according to an essay on the American Society of Mechanical Engineers website. Expansion of the technique in subterranean shale formations has pushed the United States toward oil […] [...]

Miss. regulators OK small Entergy rate increase

by Published: December 11,2014

Tags: Business, energy, Entergy, Mississippi, NEWS

JACKSON — The Mississippi Public Service Commission is approving a new rate plan for Entergy, Mississippi’s largest private electrical utility. Commissioners voted unanimously for the plan Thursday. It will take effect with February bills. The plan increases overall rates by $16.2 million a year. A residential customer who uses 1,000 kilowatt hours per month would […] [...]

Pre-trial hearing set for ex-BP exec

NEW ORLEANS — Attorneys for one of the men facing criminal charges in connection with the 2010 Gulf oil spill are hashing out a variety of issues ahead of a March trial. The defendant is former BP executive David Rainey, who has pleaded not guilty to charges that he obstructed a congressional investigation into the […] [...]

USM researchers to study oil, dispersant in Gulf

HATTIESBURG — A research consortia led by the University of Southern Mississippi will use $11 million in funding to study the impact of oil, dispersed oil and dispersant on the Gulf of Mexico’s ecosystem and public health. The funds came from the Gulf of Mexico Research Initiative. The research will be conducted from 2015-17. Eleven […] [...]

Gulf oil rig explosion kills one worker, injures three

GULF OF MEXICO — An explosion occurred on an offshore oil and gas platform in the Gulf of Mexico yesterday, killing one person and injuring three. The Bureau of Safety and Environmental Enforcement said Fieldwood Energy reported the explosion on its Echo Platform just before 3 p.m. about 12 miles off Louisiana’s coast. In a […] [...]

Analyst: KiOR Columbus plant may end up sold as scrap

By Jack weatherly jack.weatherly@msbusiness.com   Finding a buyer for the idled KiOR biofuels plant at Columbus would be a tough sell, according to Pavel Molchanov, an equity analyst who had covered Pasadena, Texas-based KiOR Inc. until it filed for bankruptcy protection on Nov. 9. The state will be fortunate to recoup 10 percent to 15 […] [...]

BP appealing to have oil spill settlement administrator removed

NEW ORLEANS — BP is heading to a federal appeals court in its effort to oust the administrator of damage settlement claims arising from the 2010 Gulf of Mexico oil spill. The company filed notice yesterday that it plans to file with the 5th U.S. Circuit Court of Appeals in New Orleans. BP has long […] [...]

PSC lawyer: Electric co-ops have less money than thought

JACKSON — That $160 million pile of cash that Northern District Public Service Commissioner Brandon Presley said Mississippi electric cooperatives should be giving back to their customers? Almost everyone agrees now that the state’s 25 cooperatives don’t have nearly that much money lying around. Shawn Shurden, a lawyer for the Public Service Commission, told commissioners […] [...]

Tubular Bells project underway in the Gulf of Mexico

GULF OF MEXICO — The Hess Corporation-operated Tubular Bells deepwater project, located in the Gulf of Mexico, has started crude oil and natural gas production, according to Chevron Corporation. The field is located 135 miles (217 km) southeast of New Orleans, in approximately 4,300 feet (1,310 m) of water in the Mississippi Canyon area. The […] [...]

GoMRI chooses USM for Gulf oil spill research

OCEAN SPRINGS — The Gulf of Mexico Research Initiative (GoMRI) has selected 12 research consortia to conduct scientific studies of the impacts of oil, dispersed oil, and dispersant on the Gulf of Mexico ecosystem and public health.  These research investments focus on improving our fundamental understanding of the implications of events such as the Macondo […] [...]

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