(Daniel Acker/Bloomberg)

Nabors posts $296 million loss amid weakening oil field activity

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Nabors Industries posted a $296 million loss in the third quarter amid a slowdown in the oil patch that has dried up demand for its services in the United States and abroad.
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U.S. Electricity Output Rose 6.2% From A Year Earlier

Texas will rival California in growth of greener, distributed power

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The Pew Charitable Trust’s “Distributed Generation: Cleaner, Cheaper, Stronger” highlights the growth of wind and solar power, but also makes the case for lesser-known power sources like combined heat and power and waste heat to power. California and Texas are primed to lead the way, according to the report.
A wind farm in West Texas, outside of Roby. (Photo courtesy Rational Middle Media)

Dallas jumps Houston as top green power government

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The EPA on Monday said the City of Dallas is now the largest local government user of green power in the nation, taking the top spot away from the City of Houston, which still ranks second above the District of Columbia, Montgomery County in Maryland, and the City of Austin — giving Texas municipal governments three of the top five spots nationally.
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Kinder Morgan details mystery financing tool with $1.6 billion offering

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The offering will fill a hole in Kinder Morgan’s budget left after executives said they’d stop raising capital through sales of common stock.
(Daniel Acker/Bloomberg)

Pair of Houston-area reps push for more pipeline inspectors

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WASHINGTON — Texas lawmakers are trying to kickstart government hiring of more federal inspectors to watch over the 2.6 million miles of pipelines that carry oil and other fuels across the United States. The legislators, including Houston’s Gene Green, a Democrat, and Republican Pete Olson of Sugar Land, are pushing legislation that would give the […]
(Ty Wright/Bloomberg)

Texas gasoline prices continue to plummet below $2 a gallon

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The national average for gasoline is a bit higher at $2.19 a gallon, but that amount still dropped by six cents in the last week.
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Chinese investment company to buy Texas oil fields for $1.3B

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In a disclosure to the Shanghai Stock Exchange, Yantai Xinchao Industry Co. said the oil fields in Howard and Borden counties would be bought from Tall City Exploration and Plymouth Petroleum, two Nevada-based companies.
Alaska Gov. Bill Walker (AP Photo/Mark Thiessen, File)

Gas reserves tax from Alaska special session agenda

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The decision came after Gov. Bill Walker received written assurances from BP and ConocoPhillips Alaska that they would be willing to commit to make their gas available to a gas project if they are not participating.
LyondellBasell CEO Bob Patel left, and plant manager Todd Monette right, walk through the Olefins Plant of LyondellBasell Chemical Company during a tour Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

Low oil prices cut into LyondellBasell income

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While North American profit margins are not as strong as they were last year, the petrochemical boom along the Gulf Coast is still moving forward.
A wind farm in West Texas, outside of Roby. (Photo courtesy Rational Middle Media)

Texas hits new wind power milestone on Thursday

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At 12:38 a.m. Thursday, the grid that manages nearly 90 percent of Texas’ electricity load hit 12,237.6 megawatts of wind generation — nearly 37 percent of the grid’s load at the time — besting the previous record 11,467 megawatts from wind set on Sept. 13, according to the Electricity Reliability Council of Texas that manages the grid. A megawatt powers about 500 typical Texas residences during periods of normal demand.