Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 eyeing condensate splitter for Sweeny

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The Houston-based company has applied for a permit from the state’s environmental regulator to build a simplified splitter unit at its Sweeny refinery.
(David Paul Morris/Bloomberg)

Chevron subsidiary granted rights to explore offshore New Zealand

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The license covers more than 6.26 million acres in a frontier basin with water depths from 2,600 to 9,800 feet.
Lamar students demonstrate their robot during the 8th Pipes and Pumps conference at Houston Methodist Research Institute on Monday, Dec. 8, 2014, in Houston. The annual conference highlights crossover technologies between the medical, oil and gas, and space industries. ( Brett Coomer / Houston Chronicle )

At Pumps & Pipes, energy, medicine and space industries come together

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More than 200 people in Houston on Monday to get a sneak peek at the robots, imaging tools and other technological developments – some still in prototype – that have the potential to crack the perennial conundrums affecting all three sectors: How do you see inside the smallest of spaces without being obtrusive? Develop robots that can venture into places where humans can’t go?
Dave Hager will replace John Richels as Devon Energy CEO in 2015. (Devon Energy)

Devon Energy CEO to retire next year

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Devon Energy Corp. CEO John Richels, 63, will retire next year and likely be replaced by chief operating officer David Hager, the company announced.
(AP Photo/Ed Andrieski, File)

Report: Energy efficiency could cost U.S. utilities $48 billion

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Two trends in the power sector — the expansion of distributed generation and advances in energy efficiency — could cost U.S. utilities up to $48 billion annually by 2025, according to a new report.
ConocoPhillips CEO Ryan Lance speaks to reporters after the company's annual meeting in May at the Omni Hotel in West Houston.  (Collin Eaton/Houston Chronicle)

ConocoPhillips cutting capital spending by 20 percent

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The cut reflects lower spending on major projects, several of which are nearing completion.
U.S. Sen. Lisa Murkowski, R-Alaska, at the 2014 IHS CERA Week conference. (Mayra Beltran/Houston Chronicle)

Oil price drop boosts argument for crude exports

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Oil prices have fallen roughly 35 percent since June, with surging U.S. crude production helping boost supply beyond softening demand worldwide.
Gas drilling sites in Arkansas for Southwestern Energy.
(photo: Southwestern Energy)

U.S. has enough shale gas for petrochemical expansions

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Gas prices collapsed two years ago had have remained low since, prompting some drillers to turn their focus to more lucrative regions rich in oil and other liquids.
(Eddie Seal/Bloomberg)

U.S. oil reserves ride production to 38-year high

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U.S. proved reserves of crude oil and condensate increased for a fifth consecutive year in 2013 and hit their highest level since 1975, according to the U.S. Energy Information Administration.
(Eddie Seal/Texas Tribune)

Eagle Ford produces billionth barrel

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More than 70 percent of that production has occurred in the last two years.