EnergyWatch

News from the Houston Chronicle energy team
Electricity is produced from the Bonneville Dam on the Columbia River. (AP Photo/Rick Bowmer, File)

Hydroelectric dominance is water under the bridge

Hydroelectric power will fall below other forms of renewable generation in the United States electricity mix for the first time in 2014, according to a government projection.  More »
Interior Secretary Sally Jewell speaks during a Senate Energy and Natural Resources Committee hearing in March.  (Andrew Harrer/Bloomberg)

3 West Coast governors oppose offshore drilling

The Interior Department is developing an updated plan for its Outer Shelf Oil and Gas Leasing Program, and the governors formally stated their opposition to the inclusion of any oil or gas lease sales off the coast as part of any new plan.  More »
(AP Photo/Kevork Djansezian, file)

Occidental profit rises as cost-cutting continues

Occidental Petroleum Corp., the global oil producer that is pursuing a breakup to boost returns, said second-quarter profit rose as it continues to try to reduce costs.  More »
G. Steven Farris, chairman and chief executive officer of Apache Corp. ( Cody Duty / Houston Chronicle )

Apache profits down 50 percent, announces plans to sell stake in two LNG projects

Apache Corp., the Houston-based exploration and production company, saw its profits fall 50 percent in the second quarter following a year in which it shed many of its assets.  More »
Refineries fill the landscape along the Houston Ship Channel (Carlos Javier Sanchez/ Special to the Chronicle)

Exxon reports higher earnings, lower production

Exxon Mobil Corp., the world’s largest energy company, fell after reporting worldwide oil and natural gas production declined to the lowest level in almost five years.  More »
Royal Dutch Shell offices in London. (Laura Goldberg/Houston Chronicle)

Shell beats estimates, takes gas writedown

Royal Dutch Shell, Europe’s biggest oil company, beat analyst second-quarter earnings estimates while pushing ahead with a restructuring program that saw it write off about $1.9 billion in U.S. gas assets.  More »
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Opponents of a proposed natural gas pipeline protest on Boston Common across from the Statehouse in Boston, Wednesday, July 30, 2014. Energy company Kinder Morgan has proposed the $3.75 billion extension of its northeast pipeline through Massachusetts and says will provide clean-burning natural gas to the northeast. (AP Photo/Charles Krupa)

Boston protesters rally against Kinder Morgan gas pipeline

The protest, attended by hundreds of supporters, was the culmination of a month-long “rolling rally” that marched through towns likely impacted by Kinder Morgan’s proposed 250-mile long pipeline expansion in Berkshire, Worcester and Franklin counties.  More »
pemexlogo

Pemex to buy U.S. natural gas via a Swiss trading house

A subsidiary of Petroleos Mexicanos will form a joint venture with Geneva-based Mercuria Energy Group Ltd. to handle the gas and will aim to be one of the five largest participants in the North American natural gas market.  More »
Exxon

Exxon Mobil restarts Pegasus pipeline in Texas

Exxon Mobil has restarted a section of its Pegasus pipeline in Texas more than a year after a crude oil spill in central Arkansas forced the company to shut down the entire line, a spokesman said.  More »
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Tesoro reports slight drop in earnings

The company’s net income fell to $224 million, or $1.70 a share, compared with $227 million, or $1.64 a share, for the second quarter of 2013.  More »
(Image: Fotolia)

Feds: BP can’t dismiss lawsuits by blaming drilling moratorium

The Justice Department has joined a fight against BP’s efforts at dismissing lawsuits by deep-water drillers and oil-field service firms alleging damages from the 2010 Gulf of Mexico oil spill.  More »
New York Gov. Andrew Cuomo. (AP Photo/Richard Drew)

Winemakers want NY to deny gas storage permit

Opponents of Houston-based Crestwood Midstream’s project said at a news conference in Albany that it would endanger drinking water, the local economy and the region’s wine and tourism industry.  More »
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