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Kirsten Korosec has been a print and online journalist for more than 10 years covering education, politics and business.- more about Kirsten Korosec »
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- SandRidge Taps Unconventional Nat Gas Plays with Crusader Buy
- SandRidge Energy's deal to buy bankrupt Crusader Energy Group for $230 million will give the independent oil and gas company access to a number of unconventional gas plays and boost its positionin the Anadarko basin of Western Oklahoma and Permian basin in West Texas. The Oklahoma City,...
- Blog posts 2009-09-23
- Valero to Shutter Some Refinery Operations, Cut Hundreds of Jobs
- Valero Energy has continued its let's-hunker-down-til-the-smoke-clears cost-cutting strategy with plans to cut back operations at a Delaware facility and extend its Aruba refinery shutdown. The reduced operations will mean at least 250 workers -- both contract and Valero employees -- will lose their jobs at the Delaware facility. More than...
- Blog posts 2009-09-08
- Judge Steps Down From Chevron Pollution Case
- The Ecuadorean judge presiding over a $27 billion environmental contamination lawsuit against Chevron has withdrawn from the case just days after the oil company claimed secretly recorded videotapes show him discussing the verdict. Judge Juan Nuñez was videotaped during two meetings with American businessman Wayne Hansen and Ecuadorean Diego Borja,...
- Blog posts 2009-09-04
- BP's Giant Oil Discovery Proves Gulf of Mexico is Drillworthy
- Giant oil discoveries -- like BP's deepwater Tiber find in the Gulf of Mexico -- have a talent for triggering an analytical romp into its potential, what it means for the company, the industry and the world. The pessimists and optimists -- all calling themselves realists -- chime in and the opportunists look for...
- Blog posts 2009-09-03
- Spies Like Us: Will Secret Videotapes Derail the Chevron Pollution Case?
- The latest plot twist in the $27 billion pollution lawsuit against oil giant Chevron offers up at least one lesson: small spy-like bugging devices can be purchased from Skymall, the in-flight magazine tucked in the seatback pockets of many airlines. The 16-year legal battle has all the trappings of...
- Blog posts 2009-09-02
- U.S. Ethanol Industry Wants Oil to Have Its Very Own "Born In" Label
- If given a choice, would Americans turn away from a gasoline pump filled with fuel born in Saudi Arabia in lieu of a more homegrown option? The U.S. ethanol industry thinks so. Growth Energy, a pro-ethanol industry group, has launched the aptly titled Label My Fuel initiative and its aim is...
- Blog posts 2009-09-01
- U.S. Strategic Petroleum Reserves a Weapon Against Price Spikes and Speculators
- Here's an interesting bent on the role of energy speculators and last summer's skyrocketing oil prices: using government-controlled strategic petroleum reserves to limit the power of speculators. According to a paper released Thursday by Rice University's James A. Baker Institute for Public Policy, (reported by Dow Jones via Rigzone and...
- Blog posts 2009-08-28
- Nat-Gas Vehicles, LNG Projects Get a Little Stimulus Money Lovin' From DOE's Clean Cities Initiative
- The case for natural gas just keeps on picking up steam this summer, even if there are lingering concerns of volatility. The latest boost comes in the form of the Department of Energy's Clean Cities Grants project, which will provide $300 million in stimulus funds to speed up the transition to alternative...
- Blog posts 2009-08-27
- Waste-to-Fuels Startup Terrabon Hauls in Waste Management Investment
- Terrabon has landed another investment partner -- this time, it's Waste Management-- in its pursuit of commercially viable green gasoline, a renewable fuel made from the organic waste found in your local landfill. BNET wrote about Houston, Texas-based Terrabon back in April, when Valero Energy, the largest U.S....
- Blog posts 2009-08-26
- Latest Clunkers Program Provides Path to a Greener Fridge, Appliance Sales Boost
- Can federal stimulus dollars deliver a one-two punch of ratcheting up energy efficiency in U.S. households and provide an economic shot-in-the-arm to country's appliance industry? It seemed to work for the auto industry. So why not apply the basic concept of cash for clunkers to your old fridge and dishwasher? ...
- Blog posts 2009-08-26
- Plight of the U.S. Refiner: Climate Bill, Stagnant Demand and Weak Margins
- The latest doomsday report about proposed climate change legislation centers on the plight of U.S. refiners, essentially predicting the ultimate downfall of the industry as costs become too high and production shifts overseas. U.S. refiners and their bottom lines have already been punished by a recession that has...
- Blog posts 2009-08-25
- Russia Exploits OPEC Cuts, Tops Saudi Arabia in Oil Exports
- Russia's continued exploitation of OPEC's oil production cuts gives credo to the old Heinz slogan "the best things come to those who wait." Not too long ago, rhetoric from Russia gave the impression it was aligned with the Organization of Petroleum Exporting Countries in a mission to control oil...
- Blog posts 2009-09-08
- Escape Route: Brazilian Oil Field Will Limit Repsol's Exposure to Argentina
- The Guara field in Brazil's Santos Basin may not be the panacea to Repsol YPF's"Argentina" problem. Still, the Guara field's better-than-expected oil estimates promise to provide a powerful boost to the Spanish company's reserves and ultimately limit its exposure to Argentina. Repsol's Argentine arm YPF has faltered in recent years as...
- Blog posts 2009-09-09
- Chevron Lands Gorgon LNG Export Deal Worth $60B with Japan, South Korea
- Chevron has signed agreements with Japan and South Korea for $60 billion worth of liquefied natural gas from its massive Gorgon project just weeks from making its final investment decision. The San Ramon, Calif.-based company will supply nearly 3 million tons per annum of LNG to Osaka Gas, Toyko Gas and...
- Blog posts 2009-09-09
- Rhetoric Roundup: Obama Calls For All Nations to Fight Climate Change, China's Hu Defines Responsibility
- President Obama's speech at the United Nations summit on climate change spent considerable time on the concept of responsibility. Namely, that all countries -- rich and poor, developed and emerging -- are responsible and must share the burden of climate change. It's an interesting shift by a president,...
- Blog posts 2009-09-22
- Google (with Al Gore's Help) Takes Users On Guided Climate Change Tour
- Google launched today a series of guided tours developed to give users a bird's eye view of the potential impact climate change could have on the world. The search engine giant -- embracing the seeing is believing mantra -- uses its virtual globetrotting program Google Earth and...
- Blog posts 2009-09-22
- Week in Oil & Gas: Discovery Hot Spots, Nat Gas' $80M Advocacy Campaign and One Big LNG Project
- It wouldn't be a worthwhile week in the oil and gas industry without a few discoveries. And my, there were some goodies. The hot spots this week were in the ultra deep waters offshore Brazil, Sierra Leone, Venezuela and Uganda. And Spanish energy company Repsol YPF found...
- Blog posts 2009-09-18
- Chevron, Exxon, Shell Sidestep Long-Term CO2 Storage Liability in Gorgon Deal
- Chevron is no stranger to liability. The super major energy company faces a $27 billion lawsuit over allegations of environmental pollution in Ecuador's Amazon. Exxon Mobil and Royal Dutch Shell also have grappled with a number of costly lawsuits over the years. It's safe to...
- Blog posts 2009-09-17
- Betting Against Climate Change Legislation and the Most Important Week Ever
- While global investors -- and their $14 trillion -- pen their support for climate change legislation, there are still plenty of folks out there betting against the bill. American Petroleum Institute President Jack Gerard is one of those ready to toss his chips into the pot. Valero...
- Blog posts 2009-09-17
- Repsol 'Totally Redeems' Itself With 15th Discovery This Year
- Remember that winter of discontent when Repsol YPF downgraded its proved reserves by 25 percent? The Spanish company's recent spate of oil and natural gas discoveries have helped erase those bad memories. If Repsol manages to keep this up, we might just forget about its Argentina problem too. The...
- Blog posts 2009-09-17
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