EnergyWatch

News from the Houston Chronicle energy team
Yellow oil barrels

OPEC decision creates “new world of oil”

The oil industry and consumers are watching crude markets after OPEC decided not to cut supplies.  More »
Memers of theOrganization of the Petroleum States meet Thursday at OPEC headquarters in Vienna. AFP PHOTO/SAMUEL KUBANISAMUEL KUBANI/AFP/Getty Images

Crude drops as OPEC stays course

Crude oil prices fell $5 a barrel Thursday as OPEC ministers meeting in Vienna decided not to cut production.  More »
Martin Houston Parallax Energy

Former BG exec hopes to win big with small LNG

Former BG Group chief operating officer Martin Houston is now in start up mode, serving as founder and chairman of Parallax Energy, a new Houston-based company focused on developing mid-scale liquefied natural gas export facilities.  More »
Kinder Morgan Inc.'s 180 terminals include this one in Pasadena. (Photo: Kinder Morgan Inc.)

It’s official: Kinder Morgan’s all one company

Kinder Morgan Inc. has completed acquisition of three related companies.  More »
A worker climbs to the drilling cabin on a Nabors rig. (Nathan Lindstrom/For the Houston Chronicle)

C&J Energy starts 30-day search for alternative buyers

C&J Energy Services has hired Morgan Stanley investment bankers to launch its court-ordered effort to solicit offers to potential buyers of the company, the Houston oil field service firm said Wednesday.  More »
(Matthew Lloyd/Bloomberg)

Deepwater Horizon damages paid with almost no error, audit shows

The Deepwater Horizon claims office that BP has painted as the source of hundreds of millions in unjust and fictitious payments actually has dispersed damage awards with a 99.5 percent accuracy rate, according to an audit released in court papers Tuesday.  More »
Environmental activists gather outside the White House as they continue a civil disobedience campaign against the proposed Keystone XL pipeline that would carry oil from Canada to the Gulf Coast. (AP Photo/J. Scott Applewhite)

TransCanada drops PR firm that recommended controversial tactics

Edelman plan calls for the company to pressure its opponents by “distracting them from their mission and causing them to redirect their resources,”  More »
AUSTRIA-OPEC-COMMODITIES-ENERGY-OIL

What OPEC’s Thanksgiving meeting means for U.S. producers

The group will decide Thursday whether to maintain its current production quota of 30 million barrels of oil per day or reduce that figure in an effort to boost crude oil prices.  More »
opec

OPEC timeline: War, terror punctuate annual Vienna meetings

The Organization of Petroleum Exporting Countries has had a tumultuous 54-year history.  More »
(AFP PHOTO / ALEXANDER KLEINALEXANDER KLEIN/AFP/GettyImages)

10 things to know about OPEC’s big meeting on Thursday

The cartel’s meeting on Thursday could be one of the most consequential in years for the oil and gas industry and global politics.  More »
(AP file photo/Bob Edme)

Thanksgiving gas prices lowest since 2009

AAA projects that plummeting gas prices could mean many more Americans on the road this Thanksgiving.  More »
FLARING DAY 1 KMH 2

Oil boom triggering cowboy shortage across Canada

There’s been a lot of attention paid to how Canada’s oil boom has helped make gasoline cheaper. What many people may not realize is that the boom is also driving up the prices they pay for burgers and steaks.  More »
(Nabors photo)

C&J Energy ordered to pause merger with Nabors unit

The judge ruled that during a 30-day suspension of the deal, C&J Energy’s board must shop the deal to other buyers in order to get the best price possible.  More »
Former Chesapeake CEO Aubrey McClendon (Gary Fountain/Houston Chronicle)

American Energy snaps up more West Texas oil land for $440M

The deal, expected to close next month, would double Aubrey McClendon’s stake in West Texas.  More »
(AP Photo/Steve Ruark)

Northeast natural gas prices still well above average despite warmer winter

The EIA says lower production and lack of pipeline capacity are to blame.  More »
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