EnergyWatch

News from the Houston Chronicle energy team
Former Treasury Secretary Timothy Geithner became president of Warburg Pincus in November.  (AP Photo/J. Scott Applewhite. File)

PE firm Warburg Pincus raises $4B for energy investments

A private equity shop that lured the former U.S. Treasury Department chief to the firm last year has collected $4 billion for its first energy fund to pour cash into U.S. oil explorers and other companies.  More »
Site preparation has already begun for construction of Chevron Phillips Chemical’s new ethane cracker at its Baytown facility. (Chevron Phillips Chemical)

Sasol approves plan for $8.1 billion ethane cracker near Lake Charles

The project is driven by the abundance of low-cost ethane and natural gas in the U.S., which has prompted many chemical makers to beef up their U.S. facilities.  More »
Huntsman posted higher third-quarter earnings despite an unplanned outage at its Port Neches plant. ( Brett Coomer / Chronicle )

Huntsman posts higher earnings despite Texas plant outage

The company attributed the increase to growing demand for key products, including textile dyes and chemicals and a specific kind of polyurethanes.  More »
(Ken Childress)

Carrizo snaps up Eagle Ford acreage for $250M

The debt-funded deal closed late last week, but Carrizo said it is scheduled pay the bulk of the purchase price by February.  More »
FRANCE-ECONOMY-ENERGY-OIL-FUEL-GAS-AUTO-FILES

U.S. gasoline falls to lowest since 2010, Lundberg says

Oil has fallen by 24 percent from this year’s peak in June.  More »
(Olivier Douliery/Abaca Press/MCT)

Keystone foes energized as price pinches oil sands allure

TransCanada Corp. proposed the pipeline in September 2008 when oil was more than $100 a barrel.  More »
(AP Photo/ Louis Lanzano)

Oil speculators bet wrong as rebound proves fleeting

After rising as analysts speculated prices had reached a floor, WTI sank again after stockpiles climbed nationally.  More »
ALCS Citgo Sign

Citgo not for sale, Venezuela says

Venezuela has ruled out selling its U.S.-based refining subsidiary Citgo Petroleum Corp, Finance minister Rodolfo Marco Torres told Caracas-based El Universal newspaper in an interview published Sunday.  More »
Oil prices have fallen 20 percent this year (Patrick T. Fallon/Bloomberg)

A lot’s changed since 1980s, but lower oil prices still cause unease

Oil prices have fallen this year, and that’s causing people in the oil capital to remember a much deeper slump 30 years ago.  More »
(StockMonkeys.com/Flickr)

Blackfeet urge government to cancel energy leases

Blackfoot tribal leaders from Canada and Montana are calling on the U.S. government to cancel oil and gas leases on sacred land near Glacier National Park, as a lawsuit works its way through the federal courts.  More »
In this file photo taken Feb. 26, 2010, Dave Tryon uses a rail to pull himself up a snowy hill as he makes a heating oil delivery, in Newtown, Pa. (AP Photo/Mel Evans)

Energy traders’ obsession with winter begin

In a week, another season will start, one that will move markets and dent wallets: the U.S. heating season.  More »
(AP Photo/The Bakersfield Californian, Casey Christie)

Berkshire Hathaway railroad adds surcharge on older oil tank cars

The railroad operator the first major U.S. operator using fees to encourage shippers to scrap the puncture-prone older cars.  More »
Express Energy Services CEO Darron Anderson is pictured in front of the Spire Rig #1, a drilling rig at the Express University facility in Houston.

Apollo buys Houston oil field firm

Apollo Global Management is diving deeper into U.S. shale oil and gas with the purchase of one of the largest private companies in Houston.  More »
A drilling rig in the Utica Shale. (Chesapeake)

Chesapeake files SEC papers to get IPO filing fee back

A unit of Chesapeake Energy on Friday filed regulatory papers to cancel its $862.6 million public offering — because it had already made its Wall Street debut under another name.  More »
U.S. District Judge Carl Barbier ruled Sept. 4 that BP acted recklessly and bears most of the responsibility for the 2010 oil spill. The ruling exposes BP to about $18 million in civil fines under the Clean Water Act. (AP Photo/Gerald Herbert, File)

Key testimony in BP oil spill ruling wasn’t excluded, DOJ says

That evidence played prominently in the judge’s finding that BP, owner of the Macondo well, was grossly negligent, a ruling that raises the stakes for the oil major  More »