Westlake Chemical CEO Albert Chao has highlighted production rates in Kentucky. (Houston Chronicle)

Westlake Chemical earnings up 10 percent, despite weakening market

Sharply lower oil prices for last year are cutting into advantages for U.S. chemical plants.
Photographer: Andrew Harrer/Bloomberg

TransCanada asks State Department to suspend long-running review of Keystone XL

The pause, requested in a letter from the Calgary-based company to the State Department, adds new uncertainty to the controversy over the proposed pipeline.
An ERCOT worker mans a desk in the Texas electric grid manager's Austin control room. (ERCOT/Tom Reel)

ERCOT projects Texas grid to withstand upcoming winter conditions

The Electric Reliability Council of Texas is projecting to have more power capacity in reserve than originally anticipated thanks to more wind power coming online.
In this March 20, 2015 file photo, Cabot Oil & Gas Corp.'s external affairs director, George Stark, speaks during a breakfast hosted by the Greater Hazleton Chamber of Commerce in Hazleton, Pa., discussing regional effects of natural gas drilling. Tens of thousands of miles of pipeline are proposed for Pennsylvania during the next 10 years, according to state officials, and while the last decade of oil and gas development primarily took place in the state's shale regions, the next phase will tunnel through the midstate. (Ellen F. O'Connell/Standard-Speaker via AP, File)

Pipelines planned for midstate Pennsylvania

After 10 years of drilling, shale operators have more natural resources than the infrastructure to deliver it. There’s now more supply than demand, and pipeline builders are seizing the opportunity and submitting plans for an underground network to move through Pennsylvania.

Breathless in Paris: The Apocalyptics Annual Meeting

According to a just released UN report, emission reduction pledges by 146 parties to the upcoming Paris Climate meeting will only limit the rise in projected temperature by 2100 to 2.7 degrees C. Christiana Figueres, executive secretary of the U.N. Framework Convention on Climate Change said this is “by no means enough but a lot […]
Categories: featured, General, p2
(Daniel Acker/Bloomberg)

Natural gas pipeline builder announces route changes

In a filing Friday with federal regulators, Dominion Energy said the changes would reduce the potential impacts on salamander habitats in the Monongahela National Forest in West Virginia and the George Washington National Forest in Virginia.
(Lisa Poole / AP2009)

Phillips 66 posts big gain in earnings

Refining profits alone jumped 80 percent thanks to cheap feedstock from low oil prices and stronger margins.

Fluor energy construction firm sees $70 as the new $100 oil

Fluor posted relatively flat net income of $176 million from continuing operations for the third quarter that was down 3 percent from last year, but revenues were down much more and the energy engineering and construction company reduced its earnings guidance going forward.
Alan Armstrong, CEO of the Williams Companies, speaks at   the North American Prospect Expo, a gathering of oil property buyers and sellers, on Feb. 11, 2015 at the George R. Brown Convention Center in Houston. (Staff/Houston Chronicle)

Williams Partners says shut-in production won’t hurt investor payouts

The Tulsa-based company, which is slated to merge with Dallas’ Energy Transfer Partners in a looming megamerger, said that its earnings before interest, taxes, depreciation, and amortization grew to $1.1 billion compared to $907 million in the same period of 2014.

Vincent Lee, of TransCanada Corp., center, appears before the House Finance Committee on Wednesday, Oct. 28, 2015, in Juneau, Alaska. The Alaska Legislature is considering a buyout of TransCanada from a major liquefied natural gas project that the state is pursuing. (AP Photo/Becky Bohrer)

TransCanada official expresses support for gas project

— TransCanada Corp. believes in the Alaska liquefied natural gas project, but it also agrees with Gov. Bill Walker’s recommendation that the state buy out the company’s interest in it, a TransCanada official said Wednesday.