EnergyWatch

News from the Houston Chronicle energy team
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Pemex has mixed success in first phase of energy overhaul

Mexico’s state-owned Pemex will retain rights to more than 80 percent of the country’s proven and probable oil reserves, but most areas of possible reserves will be open to private exploration.  More »
Enrique Pena Nieto

Mexico enacts gas, oil opening

Mexican President Enrique Pena Nieto has signed into law the rules governing a historic opening of the state-run oil, gas and electricity industries to foreign and private companies.  More »
Ships dock at the Kinder Morgan's BOSTCO storage terminals at the Houston Ship Channel on Monday, May 19, 2014, in La Porte. ( J. Patric Schneider / For the Chronicle )

Kinder: Time to move on from MLP that built empire

Kinder Morgan shares surged Monday as the firm’s co-founder, Richard Kinder, explained on a conference call his reasoning behind the deal.  More »
A drilling rig working for Houston-based Vaalco Energy approaches  the Ebouri platform, offshore Gabon. (Vaalco Energy)

Marathon, Noble announce exploration contracts in offshore Gabon

Houston-based oil and gas independents Marathon Oil and Noble Energy announced separate deals with the government of Gabon to explore in deep water off the coast of the West African nation.  More »
Work crews work at the Kinder Morgan's BOSTCO storage terminals at the Houston Ship Channel on Monday, May 19, 2014, in La Porte. ( J. Patric Schneider / For the Chronicle )

Kinder Morgan to unite a house divided in $44 billion deal

Kinder Morgan Inc. will acquire three publicly traded subsidiaries in a $44 billion deal combining the components of the giant Houston-based pipeline empire.  More »
A pro-Keystone XL ad from the American Petroleum Institute.

Study: Keystone carbon pollution more than figured

The much-debated Keystone XL pipeline could produce four times more global warming pollution than the State Department calculated earlier this year, a new study concludes.  More »
LLOG Exploration Co.'s "Delta House" floating production system will eventually connect to a pair of oil fields named after characters from the 1978 comedy "Animal House." (LLOG).

Gulf oil field names follow quirky, creative system

As drilling activity has increased in the Gulf of Mexico over the decades, geologists have had to push the envelope and develop even more distinct labels for their finds  More »
President Vladimir Putin. (AP Photo/RIA-Novosti, Alexei Druzhinin, Presidential Press Service)

Russia starts drilling its northernmost oil well

The Russian-American project comes despite deteriorating relations between Washington and Moscow over the crisis in Ukraine, in which each side has hit the other with sanctions.  More »
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One killed in Pemex refinery fire

At least four accidents have occurred at the Ciudad Madero refinery this year, including a fire at a storage tank on July 22 that injured nine Pemex workers.  More »
Houston-based Magnum Resources Corp. announced it plans to relocate to the Dallas area. (Flickr/dph1110)

Magnum Hunter to move from Houston to Dallas

HOUSTON — Magnum Hunter Resources Corp., the Houston-based exploration and production company, will move its corporate headquarters to Dallas around the end of the year, the company announced this week. The company also said it will consolidate its accounting office based in Grapevine, a suburb of Dallas, into its new corporate headquarters. Chairman and CEO Gary […]  More »
Vladimir Putin, Russia's president. (Andrey Rudakov/Bloomberg)

Exxon drilling Russian Arctic shows oil sanctions lack bite

After more than two years’ planning Exxon and its partner OAO Rosneft, Russia’s state oil producer, will start drilling the Universitetskaya prospect tomorrow, the Kremlin said in a statement Friday.  More »
Private oil companies soon could partner with Mexico's Pemex on operations like this in the Bay of Campeche. (Susana Gonzalez photo/Bloomberg)

Mexico’s new energy rules could bring profits and problems

Private oil companies will look carefully before they leap into Mexico’s new energy environment.  More »