Posts Tagged ‘fuel’

Aldermen weigh whether to allow fracking in city limits

CALEDONIA — With the decision of the Caledonia Board of Alderman to allow fracking within the town’s city limits, what has been a national issue is now a local one. The questions emerge: Is it safe? If so, what would fracking mean to the small town? There is no consensus on either question. Hydraulic fracturing [...] [...]

Officials approve fracking on town-owned property

by Associated Press Published: January 4,2013

Tags: crude, energy, frack, fuel, gasoline, government, Oil, petroleum, town

CALEDONIA — Caledonia officials will allow an oil company to a fracking process to drill on town-owned land. The Commercial Dispatch reports the town signed an agreement with Fletcher Petroleum Corp. of Fairhope, Ala. The town received $100 for a three-year lease on a three-quarter-acre parcel. Hydraulic fracturing involves drilling horizontally instead of straight down, [...] [...]

Entergy raising rates; cites storm, fuel costs, acquisitions

JACKSON — Entergy Mississippi customers will see a rate increase of about 5 percent in early 2013, according to the utility. The typical residential customer using 1,000 kWh will pay $95.63 in January and $99.71 in February. For comparison, in February 2012, the typical customer paid $95.08 per 1,000 kWh of electricity. “Electricity rates are [...] [...]

Source of persistent oil sheen in Gulf remains a mystery

GULF OF MEXICO — Underwater inspections at the site of BP’s Deepwater Horizon rig disaster have failed to identify the source of a persistent sheen on the surface of the Gulf of Mexico, officials said yesterday. The Coast Guard and BP both said the recent inspections confirmed that the company’s Macondo well, which blew out [...] [...]

British company to build $80M-plus pellet plant

GLOSTER — A British power generator will build a pair of mills in southwestern Mississippi and northeastern Louisiana to make wood pellets to burn for electricity in the United Kingdom. A unit of Drax Group, PLC will spend more than $200 million to build mills in Gloster and near Bastrop, La., each capable of yearly [...] [...]

Company wants tax breaks to redevelop LeTourneau site

VICKSBURG — A company that proposes to redevelop the former LeTourneau Technologies site says it needs a tax exemption on up to $41 million in equipment and buildings. A representative for Cameron International Corp., the Houston-based oil services company that bought the LeTourneau yard in 2011, told Warren County supervisors Monday the company plans to [...] [...]

Researchers exploring micro-algae as alternative fuel

HANCOCK COUNTY — Researchers at the University of Southern Mississippi are participating in an international research project aimed at turning marine micro-algae into fuel. “All the oil we are pumping out of the ground, what was it? Most people think dinosaurs.  No. It was all marine micro algae,” said Dr. Donald Redalje, professor in the [...] [...]

T.L. Wallace wins infrastructure project at KiOR site

NATCHEZ — Adams County supervisors have approved a $522,673 to relocate a sewer line on the former Belwood County Club property, the future site of KiOR’s Natchez alternative fuel production facility. The Natchez Democrat reports the contract went to T.L. Wallace Construction. Board Attorney Scott Slover said the bid was approximately $180,000 below the county’s [...] [...]

New York-based fund buys salt dome complex

by MBJ Staff Published: December 5,2012

Tags: acquisition, buy, energy, fuel, fund, gas storage, infrastructure, merger, natural gas, pipeline, power, purchase, sale, salt cavern, sell, storage

SMITH COUNTY — Macquarie Infrastructure Partners II (MIP II), a North American infrastructure fund headquartered in New York, completed the acquisition of Leaf River Energy Center LLC from NGS Energy, LP. Terms of the transaction were not disclosed. Leaf River is an underground salt cavern facility located in Smith County. The Leaf River complex currently [...] [...]

Callon Petroleum sells interest in oil field

by Associated Press Published: November 29,2012

Tags: acquisition, energy, fuel, gasoline, interest, merger, natural gas, Oil, petroleum, purchase, sale, sell, share

NATCHEZ — Callon Petroleum Co. says it will sell its share of an oil field to Royal Dutch Shell, PLC for $42 million. The Mississippi company will sell its 11.25 percent interest in the Habanero field to Shell Offshore, planning to close the deal before year end. The field, in 2,000 feet of water about [...] [...]

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