Posts Tagged ‘fuel’

Chevron U.S.A.’s base oil facility begins production

PASCAGOULA — Chevron Corporation (NYSE:CVX) subsidiary Chevron U.S.A. Inc. has begun commercial production of premium base oils from a newly constructed manufacturing facility at the company’s Pascagoula refinery. Base oils produced at Pascagoula will add to capacity from the company’s refinery in Richmond, California, and a joint venture facility in Yeosu, Korea, approximately doubling Chevron’s […] [...]

KiOR shutting down production at Columbus plant

COLUMBUS — KiOR has halted production at its Columbus plant in December to make improvements and has no plans to resume production during the first quarter of 2014. The company operates a plant in Columbus and plans to open a larger one in Natchez. The legislature approved $75 million in interest-free loans to Kior in […] [...]

Callon issues statement on Lone Star board candidates

NATCHEZ — Callon Petroleum Company (NYSE: CPE) has confirmed that Lone Star Value Management has filed notice to nominate two candidates to stand for election to Callon’s board of directors at the 2014 Annual Meeting. Callon issued the following statement: “Callon’s board of directors and management team are fully committed to creating value for all […] [...]

Ergon buys Bunge North America’s interest in joint venture

JACKSON — Ergon Inc.’s wholly owned subsidiary, Ergon Ethanol Inc., has acquired Bunge North America Inc.’s interest in and now owns 100 percent of Ergon BioFuels, LLC located in Vicksburg. Financial terms were not disclosed. Effective Dec. 31, 2013, Bunge-Ergon Vicksburg, LLC changed its name to Ergon BioFuels, LLC. Ergon BioFuels began as a joint […] [...]

Texas company buys Tuscaloosa Marine Shale leases

SOUTHWEST MISSISSIPPI — Comstock Resources is leasing 53,000 acres in Louisiana and Mississippi to look for oil. The company, based in Frisco, Texas, is paying $54.5 million for the leases. They cover parts of the Tuscaloosa Marine Shale formation in Mississippi’s Wilkinson and Amite counties and Louisiana’s East Feliciana and St. Helena parishes. Comstock says […] [...]

Mississippi Power asks for rate hike to meet fuel costs

GULFPORT — Mississippi Power Co. says it needs to charge more in 2014 for fuel as part of its yearly rate evaluation. The unit of Atlanta-based Southern Co., in a filing with the Mississippi Public Service Commission, says it wants to raise rates by 3.35 percent. For residential customers, bills would go up 2.66 percent […] [...]

KiOR secures funding to increase biofuels production

COLUMBUS — A Texas-based company has secured funding to proceed with plans to double the production capacity at its biofuels production facility in Columbus. KiOR Inc., based in Pasadena, announced yesterday in a news release it has received $100 million in committed equity financing from Khosla Ventures, an investment company based in California, and Microsoft […] [...]

After drilling issues, Goodrich pumping oil in Tuscaloosa Marine Shale

WILKINSON COUNTY — Goodrich Petroleum Corporation of Houston, Texas, has completed its CMR-Foster Creek 20-7H-1 well in the Tuscaloosa Marine Shale in Wilkinson County. According to the company, the well was successfully drilled with a 6,200 foot lateral and fracture stimulated with 23 stages but encountered completion issues while drilling out the frac plugs with […] [...]

Oil spill trial begins look into how much oil leaked into Gulf

NEW ORLEANS — The focus of a trial over BP’s 2010 oil spill in the Gulf of Mexico has shifted to the multibillion-dollar question of how much crude gushed from BP’s blown-out well. Lawyers for BP and the federal government began Monday presenting U.S. District Judge Carl Barbier with conflicting scientific theories to explain their […] [...]

Judge suspends some oil spill settlement payments

NEW ORLEANS — A federal judge has ordered the administrator of a multibillion-dollar settlement over BP’s 2010 Gulf oil spill to immediately suspend making settlement offers and payments to some businesses that claim the company’s 2010 oil spill cost them money. U.S. District Carl Barbier issued Thursday’s order a day after an appeals court reversed […] [...]

Next Page »

Recent Posts

Polls

How ready is your business for health care reform?

View Results

The MBJ poll should not be considered a scientific one. Results reflect only the opinion of those who participate.

Loading ... Loading ...

Recent Comments