EnergyWatch

News from the Houston Chronicle energy team
(AP Photo/Paul Sancya, File)

Enbridge shuts oil pipeline to U.S. after spill in Canada

The 796,000 barrel-a-day pipe carries heavy, medium and light sour crude from Edmonton, Alberta, to Superior, Wisconsin.  More »
(AP Photo/Matthew Brown, File)

Cheap oil jamming rails means higher U.S. power bills

While the U.S. has the world’s biggest coal reserves, utilities are forecast by the government to end the year with the lowest stockpiles since 2005.  More »
(Ken Childress)

Crude resumes slide on concern supply outpacing demand

Trading volatility for both Brent and West Texas Intermediate increased to a four-year high.  More »
A Marathon Oil drilling rig works in the Bakken Shale of North Dakota. (Houston Chronicle)

Marathon Oil will cut more than $1B from 2015 budget

Marathon Oil Corp. will spend about 20 percent less looking for and producing oil next year, the company said on Thursday.  More »
A Gunnison Sage Grouse. (AP Photo/Colorado Parks and Wildlife, Dave Showalter)

Congress blocks sage grouse protections, but work goes on

President Barack Obama signed a $1.1 trillion spending bill late Tuesday with a provision that barred money from being spent on rules to protect the chicken-sized bird and three related types of grouse.  More »
(AP Photo/Richard Drew, File)

Crude oil futures rebound with stocks as selloff pauses

Brent, the benchmark for half the world’s oil, advanced from a five-year low. West Texas Intermediate shrugged off an increase in supplies at Cushing, the delivery point for Nymex futures.  More »
In this March 29, 2013  photo, workers tend to a well head during a hydraulic fracturing operation at a gas well  in Colorado. (AP photo/Brennan Linsley)

Colorado drillers warn of closures with fines

An attorney for the Colorado Oil and Gas Association industry group told regulators penalties should be waived for minor infractions.  More »
New York Gov. Andrew Cuomo, left, in April 2011. (Doug Benz/The New York Times)

New York health department says ‘no’ to fracking

Dr. Howard Zucker unveiled his findings as part of Gov. Andrew Cuomo’s cabinet meeting early Wednesday afternoon.  More »
2024 Games Washington

U.S. talking oil exports just when world needs it least

As members of Congress promise more hearings on repealing the restrictions on oil exports, the world is awash in the stuff.  More »
(AP Photo/Richard Drew)

Oil climbs from 5-year low; oil drop seen as excessive

Brent, the benchmark for half the world’s oil, gained as much as 1.2 percent after closing at the lowest level since May 2009 yesterday.  More »
(Eddie Seal/Bloomberg)

More than 500 rigs may shut down as oil slides, analysts say

Rigs could begin to see less work starting early next year, following a 40 percent drop in the number of new U.S. drilling permits issued from October to November.  More »
(AP Photo/Nabil al-Jurani, File)

Militant fighting, price plunge threaten Iraq’s oil production goal

Iraq is supposed to add more new oil production by the end of this decade than any other OPEC member.  More »
(AP Photo/The Shreveport Times, Douglas Collier)

Out-of-control gas well keeping 25 families out of homes

The Monroe County well had been temporarily plugged while work was being done elsewhere onsite.  More »
(AP Photo / Alexander Zemlianichenko)

Oil trades near 5-year low as Russia echoes OPEC output policy

Oil has slumped about 45 percent this year as a surge in shale drilling lifted U.S. output to the fastest pace in three decades amid slower growth in world demand.  More »
In a cell phone photo taken by protesters and provided to news media by the Calhoun County Sheriff Department, Chris Wahmhoff stands near the pipeline he crawled into Monday morning, June 24, 2013 near Marshall, Mich. Wahmhoff emerged from the pipe about 5 p.m., after 10 hours.  Protesters seek to halt Enbridge Inc.'s building of a new line, saying it endangers public health. (AP Photo/Calhoun County Sheriff Department via The Enquirer)

Protestor who spent 10 hours in oil pipeline found guilty

Christopher Wahmhoff told a Calhoun County judge Tuesday that if he “was getting put away for 50 years it would be worth it.”  More »
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