EnergyWatch

News from the Houston Chronicle energy team
A woman walks outside the TNK-BP headquarters in Moscow, Russia, Thursday, Oct. 18, 2012. (AP Photo/Mikhail Metzel)

BP likely to be unscratched by Rosneft sanctions, analysts say

Investors wiped out as much as $4.4 billion from BP’s market value Thursday after a new round of U.S. sanctions on Russia was announced, but it’s not clear the sanctions will impact the company at all.  More »
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Baker Hughes earnings up 47 percent

Oilfield service company Baker Hughes’ profits rose 47 percent in the second quarter amid unprecedented demand for its services in North America, the company said Thursday morning.  More »
The Deely power plant (Photo: CSP Energy)

Feds predict slowdown in annual power plant growth

The U.S. Energy Information Administration forecasts the U.S. will build 351 gigawatts of new electric generation capacity — enough to power xxx homes — by 2040.  More »
baker hughes walking rig

Schlumberger, Precision deal aims to increase drilling efficiencies

A Canadian driller is teaming up with Schlumberger to combine its walking rigs with the oil-field giant’s powerful rotary steering systems and other tools in a bid to literally cut corners in drilling shale reservoirs.  More »
Caption


Council member George Campbell, left rear, talks with Mayor Chris Watts as council persons Anita Burgess and Dalton Gregory right, listen to Former Texas Railroad Commission executive director John Tintara, at podium, speak at a public hearing at City Hall, Tuesday, July 15, 2014, in Denton, Texas. (AP Photo/Tony Gutierrez)

Denton residents to vote on fracking ban in November

The Denton City Council voted down a petition 5-2 to ban new hydraulic fracturing after eight hours of testimony, sending the proposal to a public ballot in November  More »
A gas station attendant pumps gas, in Portland, Ore.  (AP Photo/Rick Bowmer, File)

Pump prices are on the move–and you’ll like the direction

Gasoline prices could fall an average of 10 to 20 cents per gallon in the coming weeks, following a decline in oil prices.  More »
Cheniere Energy's terminal on the Louisana side of Sabine Pass, south of Port Arthur. (Cheniere Energy)

Cheniere defends $1.77B in stock awards

Cheniere Energy wants a Delaware court to validate $1.77 billion in restricted stock awards to top brass and employees in the face of a shareholder lawsuit that alleges investors never approved the grants.  More »
Pete Miller, CEO of National Oilwell Varco

Transocean likely to tap former NOV CEO as chairman

Offshore drilling contractor Transocean Ltd. said this week that it will likely tap former National Oilwell Varco CEO Pete Miller to become its next board chairman.  More »
The drillship Noble Globetrotter I drilled the Rydberg well and is currently repositioning to drill the Gettysburg exploratory well. (photo/Noble Corp.)

Shell announces new Gulf of Mexico discovery

Shell Oil Co. today announced an offshore discovery in the Gulf of Mexico it believes contains 100 million barrels of oil equivalent.  More »
NRG Energy's W.A. Parish power plant in Fort Bend County will begin capturing some of its carbon emissions in 2016. (NRG Energy photo)

NRG begins work on coal plant carbon capture project

A coal-fired generating unit at a power plant near Houston will begin capturing some of its carbon dioxide emissions in 2016.  More »
(Image: Fotolia)

Houston electricity retailer launches $63 million IPO

Houston-based electricity and gas retailer Spark Energy launched its initial public offering Monday seeking $57 million to $63 million.  More »
Exterran Partners has agreed to buy hundreds of midstream compressor units, like the one shown here, from Chesapeake Energy for $360 million. (Exterran)

Exterran to buy compressor units from Chesapeake for $135M

Exterran Partners plans to spend $135 million to buy another round of Chesapeake Energy’s midstream compression units, equipment used to push freshly extracted natural gas into pipelines.  More »
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