Last updateFri, 23 Feb 2018 5pm


Guerrilla Tactics at Oil-Lease Auction

Instead of joining his protester friends on the snowy sidewalk outside the Bureau of Land Management office in Salt Lake City, Tim DeChristopher took a seat inside. In a room milling with oil and gas men who knew one another by sight, he was the unknown in a red parka, registering as a bidder in an auction for the rights to drill on 149,000 acres of federal land.

Source: Washington Post

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Progress Signs Contract for Florida Reactors

Progress Energy signed a $7.65 billion contract for two planned nuclear reactors in Florida.

Each reactor will have a generating capacity of 1,100 megawatts, generating about 22 percent more power than the 900-megawatt Shearon Harris nuclear plant in Wake County, NC.

Source: Raleigh News & Observer

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Kuwait Kills $17.4 billion K-Dow Deal

Kuwait's government decided on December 28 to cancel a $17.4 billion joint venture with U.S. petrochemical giant Dow Chemical. The venture, known as K-Dow, was announced with great fanfare in July as the crown jewel of economic development initiatives in Michigan.

Source: Business Facilities

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Utilities Ready Programs for Stimulus Package

A new year and new president could bring new money to the nation in the form of a $800 billion-plus stimulus package that includes a hefty $350 billion earmarked for infrastructure improvements.

Though the stimulus plan is not yet formulated, one thing is clear: When it comes to the infrastructure piece, projects must be "shovel ready," one water company executive noted.

Source: Journal Register News Service (PA)

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BP Gets Texas City Refinery Up to Speed

BP’s Texas City refinery regained its ability to operate at full tilt this week, wrapping up more than three years of post-Hurricane Rita maintenance and upgrades.

“We’ve completed our previously stated objective of restoring the refinery to its full economic capability by the end of 2008,” BP spokesman Scott Dean said Friday.

Source: Houston Chronicle

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