Creation

A demonstration project by the Department of Energy (DOE) and Houston-based Pinnacle Technologies has led to the creation of an advanced mapping system for hydraulic fracturing that may help optimize production from unconventional gas reserves.

A demonstration project by the Department of Energy (DOE) and Houston-based Pinnacle Technologies has led to the creation of an advanced mapping system for hydraulic fracturing that may help optimize production from unconventional gas reserves.

California could see the creation of 16,000 jobs and consumer savings on gas and power bills of about $1.85 billion by 2020 if Congress passes a national renewable energy standard. The jobs and savings would add to benefits realized from existing state goals, according to the Massachusetts-based Union of Concerned Scientists (UCS), which released a report earlier in July.

California could see the creation of 16,000 jobs and consumer savings on gas and power bills of about $1.85 billion by 2020 if Congress passes a national renewable energy standard. The jobs and savings would add to benefits realized from existing state goals, according to the Massachusetts-based Union of Concerned Scientists (UCS).

Russia’s newspaper Kommersant reported Monday that some of the world’s largest natural gas exporters have reached a final agreement on the creation of a cartel-like group for gas.

In the wake of a major nonutility sale and the creation of a utility-connected charitable foundation, Bellevue, WA-based Puget Energy Thursday reported sharply increased second quarter profits of $53.5 million, or 46 cents/diluted share, compared with $13.9 million, or 14 cents/diluted share, for the second quarter in 2005. Utility earnings at Puget Sound Energy (PSE) shot up by $17.9 million for the second quarter — $30.1 million, compared with $12.2 million in the same period last year.

El Paso Corp. has completed the “creation of a fit-for-purpose organization” that resulted in job losses for about 40% of its corporate officers, 21% of its directors and 9% of the rest of the organization, not including field operations or field services businesses.

El Paso Corp. announced that it had “completed the creation of a fit-for-purpose organization” last week that resulted in a 40% reduction in corporate officers, 21% of its directors and 9% of the rest of the organization, not including field operations or field services businesses.

California’s movie actor-turned-governor, Arnold Schwarzenegger, late Tuesday targeted energy for job creation, market restructuring and government streamlining as part of his state-of-the-state address to the legislature in Sacramento, kicking off a year in which the state faces unprecedented budget deficits. Schwarzenegger emphasized the need to cut and consolidate government, including oversight of the energy sector.