Crude retracing after a rampant rally

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On this final Friday in August, the crude complex is looking lower into the weekend after yesterday’s nutty 10% rally. The rollercoaster ride across financial markets continues apace, with Chinese equities rallying nearly 5% amid further market intervention from Chinese authorities to prop it up up. Overnight we have had a number of economic data […]
(AP photo/Brennan Linsley)

Encana sends Louisiana shale assets to private venture in $850 million deal

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Encana Corp. said Tuesday it will sell $850 million of Louisiana shale play acreage to a partnership between a closely held Woodlands oil and gas driller and a private equity firm.
Carl Icahn, billionaire investor and chairman of Icahn Enterprises Holdings LP, center, walks outside of the Nasdaq MarketSite with Robert Greifeld, chief executive officer and president of Nasdaq OMX Group Inc., in New York, U.S., on Tuesday, March 27, 2012. (Scott Eells/Bloomberg)

Cheniere Energy names two Icahn allies to board of directors

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The appointments give Icahn a foothold on the company’s eleven-member board of directors, following his investment company’s purchase of 19.4 million shares or an 8.2 percent stake in Cheniere in August.
(AP Photo/Mike Groll)

Hundreds march to protest proposed natural gas pipeline

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Those against PennEast’s proposal said during the mile-long march they’re concerned the pipeline would badly damage the landscape and natural resources in the region, and lower property values.
LyondellBasell CEO Bob Patel poses for a portrait at the LyondellBasell Channelview Chemical Company plant Friday, Aug. 21, 2015, in Channelview. 
 ( James Nielsen / Houston Chronicle )

LyondellBasell looking at Texas sites for new chemical plant

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Speaking at the company’s sprawling Channelview complex where LyondellBasell will start up 250 million pounds of new ethylene capacity near the end of September, Patel said an announcement likely will come later this year on adding more production of polyethylene, which is the most common type of plastic.
(David Paul Morris/Bloomberg)

Report: Massachusetts riddled with natural gas leaks

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Some leaks are decades old.
The EPA heard radically different views as it opened public hearings in Denver on its proposal to slash allowable methane emissions from oil and gas production. (Lucas Schifres/Bloomberg)

Low natural gas prices this summer set to linger into winter

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The result of increased production has been a stalemate between demand and supply in 2015 — natural gas prices today are about 5 percent lower than they were on Jan. 1.
Attendees gather on the floor of the George R. Brown Convention Center on Aug. 19, 2015, for the summer North American Prospect Expo, or NAPE. (Stephen Elliot of MudProductions.com, via NAPE)

At NAPE, some see natural gas drillers as next buyers of battered oil fields

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At the George R. Brown Convention Center on Wednesday, wildcatters gathered to negotiate deals for oil and gas properties in Texas and elsewhere during the industry’s largest oil lease swap-meet, the summer NAPE.
(Eric Kayne/Houston Chronicle)

LyondellBasell sells its Argentina business

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The Petroken Petroquimica Ensenada business that LyondellBasell is unloading is one of the largest polypropylene producers in Argentina with a 180-kiloton plant in the country.
Fortresss-Hand-Truck-Wash

Fortress Environmental expands in the Eagle Ford while oil prices are low

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Fortress just opened its first “one-stop shop,” $12 million facility for saltwater disposal from hydraulic fracturing off of Interstate 10 between Houston and San Antonio.