EnergyWatch

News from the Houston Chronicle energy team
Calpine Corp.'s Guadalupe Energy Center combined-cycle power plant. (Calpine Corp. photo)

Calpine selling southeastern power plants for $1.6B

Houston power generator Calpine Corp. is selling power plants in the southeastern United States for $1.57 billion, a move is says could help focus its efforts in wholesale power markets in Texas, California and elsewhere, the company said Friday.  More »
A boat passes a refinery standing along the Houston Ship Channel.  (Scott Dalton/Bloomberg)

US exporting a ‘tidal wave’ of gasoline, other fuels

U.S. refiners are sending a “tidal wave” of gasoline, diesel and other refined products onto the world market, taking advantage of the surge in domestic oil development that has helped drive Gulf Coast crude stockpiles to record levels, according to a new report.  More »
Mickal Vogt of Covington, La., uses a stick to place tar balls in a jar that washed up on the shore in Orange Beach, Ala., Saturday, June 12, 2010. Large amounts of the oil battered the Alabama coast, leaving deposits of the slick mess some 4-6 inches thick on the beach in some parts. (AP Photo/Dave Martin)

Coast Guard: Gulf Coast cleanup efforts ‘far from over’

The Coast Guard is crying foul at BP’s statement this week that active cleanup efforts to remove oil along the Gulf Coast shorelines have ended.  More »
baker hughes walking rig

Baker Hughes profits up 23 percent

Oilfield servicer Baker Hughes reported a 22.8 percent increase in profits in the first quarter, citing efficiency gains and growing demand for its technology.  More »
(Eddie Seal/Bloomberg)

Industry opposes push to tighten oil field safety rules

More than a dozen oil companies and trade groups have lined up to oppose plans to broaden the federal government’s oversight of safety practices at wells, saying existing standards are enough to protect workers nationwide.  More »
Kinder Morgan Energy Partners Pasadena terminal. (Photo:Kinder Morgan Energy Partners)

Kinder Morgan reports drop in first-quarter earnings

Kinder Morgan Energy Partners first quarter profits were down 4.7 percent, the company announced Wednesday, but officials were upbeat that growing demand for natural gas would be a boon for the company.  More »
A pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont. (AP Photo/Matthew Brown)

Sustainability key to US energy future, expert says

As global energy demand rises, the United States must do a better job making its oil boom sustainable in places like the Bakken Shale, where fractured wells recover just 4 percent of the underground resource, a Rice University official said Wednesday.  More »
A BP Plc company logo stands illuminated on a sign on the forecourt of a gas station in London. (Matthew Lloyd/Bloomberg)

BP says oil spill cleanup on the Gulf shoreline is complete

BP says it has completed operations to cleanse Gulf of Mexico shorelines of oil that spilled after Deepwater Horizon disaster in 2013.  More »
A BP company logo sits on display on the forecourt of a gas station operated by BP in London. (Chris Ratcliffe/Bloomberg)

BP puts Texas Panhandle assets on market

BP is taking bids on its rights to about 280,000 gross acres of natural gas-rich properties in the Texas Panhandle, a spokesman said late Tuesday.  More »
(Rice University photo)

Texas crude production hits highest level since 1980

An index that measures oil and gas activity in Texas reached a record level last month, bolstered by rising production and wellhead prices.  More »
Charles "Chuck" Davidson, CEO of Noble Energy. (Brett Coomer / Houston Chronicle)

Houston oil company announces next CEO

Noble Energy President David Stover will succeed CEO Charles Davidson.  More »
Rail tanker cars in Corpus Christi, Texas. (Eddie Seal/Bloomberg)

EIA: Natural gas will slash diesel’s dominance as rail fuel

Liquefied natural gas will likely eat into diesel’s market share in fueling freight locomotives over coming decades, largely because U.S. natural gas will remain cheap as domestic production surges, the Energy Information Administration projects.  More »
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