EnergyWatch

News from the Houston Chronicle energy team
Nelson Bunker Hunt (left) chuckles after being found innocent along with his brother Wililam Herbert Hunt (right).  (AP Wire photo)

Hunt’s death revives memory of fortune lost on silver bet

To Nelson Bunker Hunt, the world was full of enemies.  More »
Oxfam activists dressed as corporate lobbyists of fossil fuel companies stage a demonstration ahead of an EU summit in Brussels on October 23, 2014 (AFP PHOTO/EMMANUEL DUNAND/AFP/Getty Images)

Coal-rich Poland ready to block EU climate deal

Poland says that EU’s proposed pace for increasing reliance on renewable energy sources is too fast for Eastern European countries that are trying to grow their economies as they restructure old, energy-dependent industries.  More »
Kurdistan_prepping WRUs

Wireless Seismic facing patent infringement suit

The Sugar Land-based company with investment from energy giants Total and Chesapeake is facing a federal lawsuit alleging that it’s infringing on a rival firm’s patents.  More »
The Transocean-owned Discoverer India drill ship made the oil discovery 180 miles off the coast of Louisiana in 3992 feet of water. (Chevron)

Chevron, BP make oil discovery in Gulf of Mexico

Chevron and BP report an oil discovery in one of the deepest regions the industry has taken on in the Gulf of Mexico.  More »
(AP Photo/Reed Saxon)

Occidental profits fall 24 percent amid deflating crude prices

Occidental Petroluem said domestic oil production costs rose in the third quarter.  More »
The sun rises behind a ship as it enters the North Sea from the river Tyne, near Tynemouth, England, Wednesday, Oct. 15, 2014. (AP Photo/PA, Owen Humphreys)

BP, GDF Suez discover new field in UK North Sea

The UK North Sea is an area that BP CEO Bob Dudley said last month “is now mature,” and that investment opportunities “are smaller and more challenging to develop than in the past.”  More »
Weatherford International CEO, Bernard Duroc-Danner. (Michael Paulsen/Houston Chronicle file photo)

Weatherford posts $77 million in profits, could announce two divestitures this year

Oil field service company Weatherford International could announce at least two major divestiture before the end of the year, including one that may occur “imminently” and perhaps within the next week,.  More »
(Photo: freegreatpicture.com)

Porter Hedges expands energy practice to Oklahoma

Houston’s Porter Hedges opened an office in Oklahoma City and added four energy lawyers in the law firm’s first expansion outside of Texas.  More »
(Ryan Remiorz, The Canadian Press)

US tribes testify against Canada pipeline

Kinder Morgan Canada has proposed a $5.4 billion expansion of its existing Trans Mountain pipeline, which links oil from Alberta’s tar sands to the Vancouver, British Columbia-area.  More »
(AP file photo/Reed Saxon)

Profits from Occidental spinoff fall in third quarter

Occidental Petroleum Corp. said profit from the California oil producer it’s spinning off to shareholders next month fell in the third quarter as crude prices slid and production costs increased.  More »
(Liz Hafalia/The San Francisco Chronicle)

California fracking fight draws big money

Several oil companies have spent millions fighting measures in two California counties that would ban hydraulic fracturing.  More »
(AFP PHOTO / ALEXANDER KLEIN/Getty Images)

Libya says OPEC must cut daily output

OPEC needs to reduce crude output by at least 500,000 barrels a day, Libya’s governor to the group said.  More »
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