EnergyWatch

News from the Houston Chronicle energy team
(AP file photo/Mark Lennihan)

WTI rebound above $80 holds as Goldman Sachs sees no oil glut

West Texas Intermediate is heading for its biggest one-day gain in a month.  More »
David (left) and Charles Koch.

Oil industry execs among donors to Koch brothers super PAC

The Koch brothers have long kept the donors to their political causes secret, but rules governing a new super PAC they formed require that the backers be made public.  More »
A sign at the entrance to the Schlumberger campus in Sugar Land, Texas (AP Photo/Pat Sullivan, file)

Schlumberger profit jumps 13.6 percent

Schlumberger profits jumped 13.6 percent in the third quarter as sales in North America and in its production segment picked up.  More »
(AP Photo/Mark Stehle)

New York court rejects bid to revive fracking ban case

A motion by bankrupt Norse Energy against the town of Dryden in western New York was denied by the state’s highest court.  More »
Petroleo Brasileiro SA (Petrobras) natural gas storage tanks sit on an island in Guanabara Bay in the state of Rio de Janeiro, Brazil. (Dado Galdieri/Bloomberg)

Petrobras refinery is 60 percent over budget, audit court says

The new refinery will cost $50,000 more per barrel than Petrobras’ previous facility.  More »
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Baker Hughes profit rises 10 percent

Oil field service firm Baker Hughes saw profits rise nearly 10 percent in the third quarter as its sales in North America and Latin America increased.  More »
Chesapeake CEO Robert "Doug" Lawler speaks at the IHS CERAWeek energy conference in Houston on March 4, 2014. (Mayra Beltran/Houston Chronicle)

Southwestern Energy cuts $5.4 billion deal for Chesapeake gas land

Houston’s Southwestern Energy Co. is planning to drop $5.4 billion on gas-rich land in West Virginia and Pennsylvania in one of the biggest recent deals for acreage in a region buffeted by pressure on gas prices.  More »
Cluster of gas signs at filling stations (AP Photo/Amy Sancetta)

Citigroup sees $1.1 trillion stimulus from oil plunge

Crude prices are plunging amid signs that OPEC won’t act to eliminate a surplus as global growth slows.  More »
(AFP PHOTO / ALEXANDER KLEIN/Getty Images)

Falling oil prices shake up global economies

Dropping oil prices are having complex effects on economies around the globe that are only starting to be felt.  More »
(AP file photo/Mary Altaffer)

End to oil collapse in sight for BofA, BNP Paribas

Some of the world’s biggest banks say the collapse in oil is just about over.  More »
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Oil slump means canceled projects as investment declines

With oil approaching a four-year low, producers will be cautious about sanctioning investment, according to some experts.  More »
Patrick Juneau, administrator of the Deepwater Horizon Claims Center. (Houston Chronicle)

Oil spill claims boss rebuts BP’s bid to remove him

The Louisiana lawyer in charge of dispensing BP’s oil spill settlement responded to the company’s request to remove him from the post, saying BP knew when he was appointed that he previously had represented the state in spill claims.  More »