Archives for July 2018
Electricity sellers slow to reflect lower costs in published rates
Retail power companies are slow to reflect lower costs for transmission and distribution on their Power to Choose offerings. Source: FuelFix
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Texas approaching electricity use record
Texas’ power use approached a record Monday afternoon as the mercury soared into the high 90s and triple digits across most of the state. Source: FuelFix
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SEC charges Energy XXI founder with fraud
The federal government charged Houston-based Energy XXI founder John Schiller on Monday with fraudulently obtaining more than $10 million in personal loans and perks from corporate vendors and board members in exchange for contracts and...
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U.S. refining capacity flat for first time since 2012
A U.S. energy agency says refining capacity stayed mostly flat between the starts of 2017 and 2018, the first time refineries didn’t add capacity since 2012. Source: FuelFix
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Houston's Tidewater buying GulfMark Offshore
Offshore energy services firm Tidewater Inc. is buying Houston rival GulfMark Offshore in an all-stock deal that combines two struggling companies that emerged from bankruptcy last year. Tidewater, which relocated from New Orleans to Houston...
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