EnergyWatch

News from the Houston Chronicle energy team
(Photo by Andrew Burton/Getty Images)

North Dakota allowed to join Wyoming lawsuit against fracking rules

The Obama administration announced in March that it will require companies that drill on federal lands to disclose the chemicals used in hydraulic fracturing.  More »
Twenty-two horizontal rigs are stacked in West Texas, a portion of the more than 300 rigs that have been sidelined in Texas in recent months. (courtesy of Charles Perry)

U.S. producers idle 31 more oil rigs

The number of U.S. oil rigs fell once again this week, Baker Hughes said Friday, as producers kept cutting drilling in the face of low crude prices.  More »
(AP file photo/John Moore)

Saudi Arabia’s solution to global oil glut: Pump even more crude

The world’s biggest oil exporter now has incentive to maximize output and undermine rival producers by using its reserve capacity.  More »
(Daniel Acker/Bloomberg)

Oil at $65 seen freeing 500,000 barrels from shale fracklog

Producers in oil and gas fields from Texas to Pennsylvania have 4,731 idled wells at their disposal.  More »
(Eddie Seal/Bloomberg)

Weatherford sees bottom of ‘miserable’ North America results

Weatherford will cut its 2015 capital budget to $850 million from $900 million, it said in the earnings report.  More »
(stockyimages)

BP sells UK natural gas midstream assets

BP will raise $486 million selling its stake in a natural-gas transportation system in the U.K. North Sea.  More »
(Dave Schumaker/flickr)

Report: Man-made earthquakes shake over a dozen areas in US

The man-made quakes jolted once stable regions in eight states, including parts of Alabama, Arkansas, Colorado, Kansas, New Mexico, Ohio, Oklahoma and Texas, according to researchers at the U.S. Geological Survey.  More »
Joe Kaeser, CEO of Siemens, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. (Melissa Phillip/Houston Chronicle)

CERAWeek: Siemens CEO Kaeser still up on U.S. oil industry

Even after nine months of plunging crude prices, Siemens CEO Joe Kaeser says he still believes the U.S. oil industry is “pretty cool.”  More »
Former Treasury Secretary Henry Paulson speaks with IHS vice chairman Daniel Yergin and a crowded banquet hall during the weeklong IHS CERAWeek energy conference at the Hilton Americas-Houston in April 2015.

Cyber theft strains U.S.-China relations, ex-Treasury chief says

Former U.S. Treasury Secretary Henry Paulson says Chinese cyber theft of corporate intellectual property has made U.S. relations with China more complicated since he left office six years ago.  More »
Transocean's Discover Seven Seas

Transocean names new CEO

Transocean, owner of the largest fleet of offshore drilling rigs, named Jeremy Thigpen as its newest chief executive officer after Steven Newman stepped down in February.  More »
(AP Photo/Brennan Linsley)

Study links swarm of quakes in Texas to natural gas drilling

In 84 days from November 2013 to January 2014, the area around Azle, Texas, shook with 27 magnitude 2 or greater earthquakes, while scientists at Southern Methodist University and the U.S. Geological Survey monitored the shaking.  More »
Roger Diwan, vice president of financial services for IHS, (right) leads a panel of financial industry professionals during IHS CERAWeek in April 2015.

CERAWeek: Investors gambling on oil making U.S. “center” of oil market

Investors are pouring capital and corporate debt into oil companies because they’re more afraid of missing the upside of an oil-price recovery than making a bad investment – a risky gamble, a private equity fund manager said Tuesday.  More »
Pritesh Patel, director of research for IHS, left, leads a panel of energy experts during IHS CERAWeek in April 2015.

CERAWeek: Oil tool makers say upstream discounts unlikely to climb high

Though the industry expects operational and construction costs for oil-production projects to fall up to 40 percent this year, prices for tools and services probably won’t crumple that much, a panel of energy experts said Tuesday.  More »
(Eddie Seal/Bloomberg)

Colorado sheriff’s office recovers $300,000 worth of drill bits

The Denver Post reports that the Weld County Sherriff’s Office recovered six of seven drill bits reported stolen last week and three more bits that had not been reported missing.  More »
Energy Secretary Ernest Moniz (AP Photo/Pablo Martinez Monsivais)

Energy Department: The U.S. energy grid needs $15 billion in upgrades

Severe weather is the leading cause of power disruptions, costing the U.S. economy from $18 billion to $33 billion a year, and climate change will only make it worse, a White House review on energy infrastructure concludes.  More »
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