EnergyWatch

News from the Houston Chronicle energy team
(Photo: Flickr, Caston_Corporate)

Private equity, foreign buyers return to U.S. oil and gas deals

U.S. oil and gas deals jumped nearly 40 percent in combined value in the second quarter as a foreign buyers and private equity firms returned to the sales block to snap up oil-soaked shale.  More »
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillps 66 earnings down 9.9 percent

Refining and logistics company Phillips 66 saw its second quarter profits fall nearly 10 percent, the company reported Wednesday.  More »
State District Judge Emily Tobolowsky of Dallas.

Enterprise Products ordered to pay $535M in partnership case

A Texas judge ordered Houston’s Enterprise Products Partners to pay $535.8 million to another pipeline operator in a dispute over a partnership to build a crude oil pipeline.  More »
Anadarko Petroleum Corp. logo

Anadarko profits fall on one-time costs; production jumps

Anadarko Petroleum Corp.’s profits dropped 76 percent in the second quarter on $442 million in derivative losses, impairments and other one-time costs even as its oil production climbed higher, the company reported Tuesday.  More »
Doug Lawler, CEO of Chesapeake, is interviewed before participating in a panel during CERA Week at the Hilton Americas on March 4, 2014, in Houston. ( Mayra Beltran / Houston Chronicle )

Chesapeake boosting Wyoming holdings

Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash.  More »
Waste Management announced it will sell its waste-to-energy business for $1.9 billion.

Waste Management to sell waste-to-energy business for $1.9 billion

Waste Management Inc. will sell its waste-to-energy business to a private equity firm for $1.9 billion, the company announced Tuesday.  More »
(Matthew Lloyd/Bloomberg)

BP profits jump on Rosneft stake

BP’s profits jumped 65 percent in the first quarter on a surge in Rosneft earnings, even as its global oil production and refining businesses declined, the company reported Tuesday.  More »
(StockMonkeys.com/Flickr)

Judge orders Kurdish crude seized if unloaded

A federal judge ordered U.S. Marshals to seize any crude offloaded from an oil tanker anchored off the Galveston coast carrying 1 million barrels of Kurdish crude.  More »
Clay Williams is president and CEO of National Oilwell Varco.

NOV profits up 17 percent

Oil gas equipment provider National Oilwell Varco’s profits increased nearly 17 percent in the second quarter, the first full quarter since CEO and president Clay Williams took the reins of the Houston-based company.  More »
In this Sept. 9, 2010 file photo, a massive fire following a pipeline explosion roars through a mostly residential neighborhood in San Bruno, Calif. (AP Photo/Jeff Chiu, File)

City: Emails show ‘cozy’ ties of PG&E, regulator

The 7,000 pages of emails between leaders at PG&E and California Public Utilities Commission President Michael Peevey and his staff were released as the result of a lawsuit filed by the city of San Bruno.  More »
Cheniere Energy already is expanding this LNG plant in Louisiana, but federal agencies are in conflict over plans for a Texas facility. (Cheniere Energy)

Investors go after Cheniere’s defense of stock grants

Cheniere Energy investors say the company can’t use stock exchange rules to justify $1.86 billion in stock grants they claim were never legally approved by shareholders.  More »
The Motiva refinery in Port Arthur, Texas.

Exxon Mobil stays mum on report of Beaumont refinery expansion

Exxon Mobil Corp. isn’t commenting on a news report that it is considering a big expansion of its Beaumont refinery.  More »