February 14, 2014 |
Occidental Petroleum is ending a nearly century-long run as a storied Los Angeles energy company and moving its headquarters to Houston as part of a corporate overhaul. The nation's fourth-largest oil firm also announced plans Friday to spin off its California assets into a separate publicly traded company based in the Southland. Occidental will continue to employ about 8,000 employees and contractors in the state. The company's split signals the end of an era for Occidental, which was founded in 1920 and led for many years by oil industry legend Armand Hammer.
February 6, 2014 |
California hasn't completely escaped the effects of the polar vortex. Although the Golden State avoided the freezing snowfalls that affected regions farther east, power plants in the Southland are now grappling with low supplies of natural gas brought on by cold weather that won't quit. That has prompted the state's electric power grid operator, known as the California Independent System Operator, to issue a Flex Alert asking for voluntary energy conservation on Thursday until 10 p.m. PHOTOS: Richest and poorest cities in America The operator, which normally issues such alerts during the hot days of summer when air conditioners are on full blast, is working closely with California gas companies to ensure "the reliability of the electric and gas systems in California.
January 27, 2014 |
Clean Energy Fuels Corp., the Seal Beach company that builds and operates natural-gas filling stations for some of the nation's biggest bus and truck fleets, is banking on corporate customers to buy more clean-energy vehicles this year. Executives hope that a growing fleet will boost sales of natural gas and propel Clean Energy to its first annual profit since its 1997 founding by Texas billionaire T. Boone Pickens, the onetime oil baron and corporate raider, and the company's chief executive, Andrew Littlefair.
January 22, 2014 |
BRIDGEWATER, Va. - The headwaters of the Potomac River rise amid the hills and hollows of George Washington National Forest in Virginia. Small creeks dart past oak, white pine and hickory, become streams that nourish farmland and towns, and create a river that courses through two states and the nation's capital. About 4 million people depend on that water. For decades, the U.S. Forest Service identified preserving its purity as the top priority for the national forest. Now, the agency is considering allowing George Washington to become the first national forest to permit high-volume hydraulic fracturing, or fracking.
January 13, 2014 |
Carbon dioxide emissions from the nation's energy sector rose about 2% in 2013 after declining for several years, federal energy officials reported Monday. The reversal came because power plants last year burned more coal to generate electricity, after years in which natural gas accounted for an increasing share of the nation's electricity, according to the U.S. Energy Information Administration, the analytical branch of the Department of Energy. Though the 2013 figures are not final, once all the data are in, analysts expect a roughly 2% increase in carbon emissions over 2012 because of a small rise in coal consumption, the agency said in a report posted online on Monday.
January 2, 2014 |
Texas billionaire T. Boone Pickens thinks his long bet on natural gas is finally paying off. The legendary oilman has long declared it his mission to wean America off its addiction to foreign oil. He co-founded an Orange County company that builds natural gas stations around the country and sank billions into wind turbines. Pickens' gambles have not always paid off. He lost an estimated $150 million of his personal fortune in wind farming, and admits that he was a couple of decades early into natural gas. But he thinks the time has come for natural gas to shake up the energy industry.