EnergyWatch

News from the Houston Chronicle energy team
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Houston oil field biotechnology firm to go public

Glori Energy wants to combine an influx of public capital and biotechnology to revamp old, nearly infertile U.S. sandstone reservoirs in a bid to free up some 8 billion barrels of stranded oil it has targeted.  More »
(Nabors photo)

Nabors yields to investors on severeance pay limit, chief roles

U.S. land driller Nabors Industries will split the role of chairman and CEO after its current chief Anthony Petrello relinquishes his post, one in a series of moves announced Monday to yield to shareholder demands.  More »
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Beaumont LNG provider to buy Encana natural gas assets

Stabilis Energy, a Beaumont liquefied natural gas distributor that is building plants in South Texas, said Monday it plans to snap up U.S. storage, regasification and mobile fuel units from Canadian oil producer Encana Corp. for an undisclosed price.  More »
Ambassador Kåre Aas says that of places in the United States, "Houston is the main center for Norwegian commercial activities." (Emily Pickrell/Houston Chronicle)

Norwegian ambassador: US energy ‘not an easy fix’ for Ukraine crisis

FuelFix spoke with Norway’s ambassador to the U.S. about growing tension in Ukraine and how it affects European energy security.  More »
Genesis Energy operates this crude oil pipeline in Texas City. (J. Patric Schneider/For the Chronicle)

Genesis Energy president to resign, keep advisory role

Steve Nathanson will resign April 30 as president and COO of Genesis Energy, a Houston midstream partnership, but will retain an advisory role for three years.  More »
A Petrohawk Energy natural gas drilling site in the Eagle Ford Shale is shown in September 2009. (Jake Lacey/Houston Chronicle file photo)

Big Oil comes up short in shale

The same North American oil patches that have lifted Pioneer and other independent oil producers to an unprecedented status in the energy industry haven’t come up gushers for major integrated oil companies like Royal Dutch Shell and BP.  More »
A 20-ton blowout preventer from National Oilwell Varco is delivered to the George Bush Presidential Library and Museum at Texas A&M University in March 2014 as part of the Offshore Drilling exhibit on display through Feb. 1, 2015.A 20-ton blowout preventer from National Oilwell Varco is delivered to the George Bush Presidential Library and Museum at Texas A&M University in March 2014 as part of the Offshore Drilling exhibit on display through Feb. 1, 2015. (George Bush Presidential Library and Museum)

George Bush Library launches offshore drilling exhibit (photos)

The George Bush Presidential Library has launched an exhibit that tells the story of offshore drilling, highlighting technological innovations in the industry and the former president’s work as a Texas oilman.  More »
Exxon Mobil Corp. chairman and chief executive Rex W. Tillerson speaks to reporters during a news conference. (AP file photo/LM Otero)

Executive pay drops as shareholder pressure rises on oil giants

Several of the largest U.S. energy companies cut into top-shelf executive pay last year as activist investors pushed them to shrink their oil empires and steer more capital to shareholder pockets.  More »
(Paul Thomas/Bloomberg)

Houston solar power lags far behind other Texas cities

A new study from a Texas-based environmentalist group finds that Houston is lagging behind other cities in its use of solar power.  More »
A crewman directs a pipe for the southern leg of TransCanada's Keystone XL project in Wood County, Texas. The northern leg has not yet received approval from the Obama administration. (Cody Duty / Houston Chronicle)

Democratic senators press Obama on deadline for Keystone decision

Eleven senators sent a letter to the White House Thursday calling for President Obama to set a May 31 deadline for the long-awaited decision on the Keystone XL pipeline.  More »
An offshore oil platform and wells are silhouetted by the setting sun in the Gulf of Mexico off the coast of Louisiana, U.S. (Derick E. Hingle/Bloomberg)

Offshore safety problems linger despite new efforts, Coast Guard admiral says

Despite mandatory offshore safety codes, the U.S. Coast Guard continues to find dozens of problems on deep-water drilling rigs and other vessels, even after oil companies have complied with rules for years and have anticipated inspections for months, a federal regulator said Thursday in Houston.  More »
Lane Energy Poland company does test drilling to assess economic viability of shale gas deposits in Lebien, Poland in 2011. (AP Photo/Andrzej.J. Gojke)

Researcher: 2014 slated to be most active year for global shale drilling

This year is slated to be the most active year for international drilling yet, even as investors show less interest in risky ventures, a Wood Mackenzie researcher said this week.  More »
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