EnergyWatch

News from the Houston Chronicle energy team
APACHE0608

Apache to cut North American spending

Apache will cut its North American spending from $5.4 billion to $4 billion, the company told analysts at a presentation in New York, but it said it will be able to spend that money more efficiently.  More »
(AP Photo/Richard Drew)

Halliburton merger means uncertain future for Baker Hughes fracking disclosures

Baker Hughes disclosure forms to FracFocus no longer include “trade secret” designations, but whether that will continue under Halliburton remains to be seen.  More »
A video monitor wall with the Technip Deep Energy ship at the companies booth during OTC 2013 at Reliant Park Tuesday, May 7, 2013, in Houston. ( James Nielsen / Houston Chronicle )

Technip puts up $1.8B offer for French seismic company

The Paris-based oil and gas equipment supplier said it first approached CGG on Nov. 10, and that it would “like to enter into a constructive dialogue” with the company’s board of directors.  More »
G. Steven Farris, chairman and chief executive officer of Apache Corp. ( Cody Duty / Houston Chronicle )

Apache sells assets in Texas, Oklahoma, Louisiana for $1.4 billion

Apache Corp. has agreed to sell assets in Texas, Oklahoma and Louisiana in two deals worth $1.4 billion, the exploration and production company announced Thursday morning ahead of a presentation to analysts.  More »
Jim Ratcliffe, left, the founder of Ineos (ED Jones/AFP/Getty Images)

Ineos to invest $1B in UK shale gas exploration

The company is applying for more licenses to expand its operations in Scotland and in northern England.  More »
(AP Photo/U.S. Coast Guard)

Unfazed by slump, Austria’s OMV moving forward on development of 1 billion-barrel Arctic field

Tumbling oil prices aren’t deterring OMV AG from its Arctic ambitions.  More »
AUSTRIA-OPEC-COMMODITIES-ENERGY-OIL

Commentary: The shakeout in US shale

My favorite quote by H.L. Mencken is ‘a cynic is a man who, when he smells flowers, looks around for a coffin‘. A bit morose, I know, but this appeals to the contrarian in me. My second favorite is überly-applicable to US shale oil break-evens: ‘For every complex problem there is an answer that is […]  More »
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Grand jury indicts Monahans man for alleged oil theft

If convicted of the three charges, a Monahans man faces up to 20 years in federal prison  More »
Offshore Oil And Gas Operations On The Cromarty Firth Ahead Of The Scottish Referendum

Transocean idles three more rigs, stock falls

Transocean’s fleet of deep-water drilling machines has been under pricing pressure and has faced lower demand amid falling oil prices and a glut in equipment.  More »
(AP Photo/ Louis Lanzano)

Oil falls as investors speculate on OPEC production cut

“There’s an established bearish trend and nothing out there to stand in the way of a further move lower,” Tim Evans, an energy analyst at Citi Futures Perspective.  More »
(AP file photo)

UN: World not close to avoiding dangerous warming

The report looks at the gap between what countries promise to do about carbon pollution and what scientists say needs to be done to prevent temperatures rising another two degrees. The two-degree level is a goal that world leaders set in 2009.  More »
dollar falling graph

Study: Houston economy can withstand low oil prices

The Texas and Houston economies can both handle significant declines in crude oil prices, according to a new report from financial services firm BBVA Compass.  More »
(AP Photo/Nabil al-Jurani, File)

Iraq’s biggest oil plant to reopen after militants ousted

Iraqi troops will expel the militants from areas near a pipeline supplying the refinery 130 miles north of Baghdad.  More »
Growing concern about water use during hydraulic fracturing prompted the Railroad Commission to adopt new rules for water recycling.  Photo: Daniel Acker/Bloomberg

Water outreach should be a priority for drillers, report says

Oil companies don’t have the best reputations in the communities where they drill, and can be seen as threats to local water supplies.  More »
Halliburton Baker Hughes

Timeline: History behind Halliburton, Baker Hughes

Halliburton and Baker Hughes each have long histories tied to the beginnings of the oil industry in Texas and Oklahoma.  More »
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