EnergyWatch

News from the Houston Chronicle energy team

Agency can look at rig owner’s role in oil spill

A federal appeals court in New Orleans has upheld a federal safety board’s right to investigate the role of Transocean Deepwater Drilling Corp. in the 2010 Gulf of Mexico oil disaster.  More »
Charif Souki, CEO of Cheniere Energy, was 2013's top-paid public company CEO in Houston and the nation. (James Nielsen / Houston Chronicle )

Cheniere Energy shareholders say ‘nay’ on pay

In a non-binding vote, Cheniere Energy shareholders have rejected the company’s 2013 compensation for its top brass, including $142 million in salary and stock grants for CEO Charif Souki.  More »
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Canadian bank takings bid on Apache assets in Alberta

The Bank of Nova Scotia is taking bids for Apache Corp. assets in Alberta, according to marketing materials on its website, in what could signal the latest divestment effort by the Houston-based exploration and production company.  More »
CenterPoint Energy says it must build a new transmission line to meet Houston's future electricity needs.  (AP Photo/Mark Duncan, File)

Proposed transmission line puts corporate powerhouses at odds

The Public Utility Commission of Texas will decide whether CenterPoint Energy can build a new transmission line that two Houston generating companies oppose.  More »
A Libyan flag flutters outside an oil refinery in Zawiya on September 23, 2011.(LEON NEAL/AFP/Getty Images)

Libya halts biggest oilfield amid rebel attacks

The disruption “serves as a reminder that despite recovering export rates and the National Oil Corp.’s reassurances of stable supplies, the country remains in a state of civil war, where anything can happen,” Andrey Kryuchenkov, an analyst at VTB Capital in London, said.  More »
(StockMonkeys.com)

Shell Oil, Motiva to pay $4.5 million in back wages to nearly 2,700 workers

Shell Oil Co. and Motiva Enterprises have agreed to pay nearly $4.5 million in overtime back wages to 2,677 current and former chemical and refinery employees after federal regulators found violations of federal labor law.  More »
(Image: Fotolia)

BP asks Texas Supreme Court for ruling that would cut spill costs

The legal question of the day, submitted by the 5th Circuit Court of Appeals to the justices in Texas, could change the way companies finance risky business operations well beyond the oil industry.  More »
SPECTRA ENERGY LOGO

Spectra Energy announces $3 billion New England project

Spectra Energy Corp. announced a $3 billion expansion to its New England pipeline network, which it said will help meet growing demand for natural gas in the region.  More »
In this Thursday, Sept. 11, 2014 photo, workers lay cables on a new oil rig under construction for China National Offshore Oil Corp. (CNOOC) in a shipyard in Qingdao in east China's Shandong province. The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday, Sept. 16. The discovery by CNOOC was made about a month after its rig withdrew in July from Vietnam's exclusive economic zone to far less-contested waters closer to China. (AP Photo) CHINA OUT

China rig finds gas after Vietnam sea standoff

The discovery by China National Offshore Oil Corp. was made about a month after its rig withdrew in July from Vietnam’s exclusive economic zone to far less-contested waters closer to China.  More »
The Occidental Petroleum headquarters in Los Angeles. (AP file photo/Reed Saxon)

Occidental agrees to $190 million settlement with New Jersey

Occidental Petroleum Corp.’s chemical subsidiary has agreed to pay New Jersey $190 million to resolve liability stemming from damages to the Passaic River, the state’s attorney general announced Monday.  More »
A McDermott International subsea construction vessel installs 65 miles of umbilicals and other subsea structures as it builds up Chevron's Jack and St. Malo project in the Gulf of Mexico. (Photo: McDermott International/Business Wire)

McDermott completes its work on Chevron’s Jack and St. Malo offshore projects

Engineering and construction firm McDermott International announced Monday that it’s completed its portion of work on Chevron’s Jack and St. Malo project in the Gulf of Mexico.  More »

Chevron draining natural gas after worker death

Authorities said that a Chevron Corp. subsidiary was still releasing natural gas Sunday from a pipeline off the Louisiana coast where a Saturday incident killed a maintenance worker.  More »
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