EnergyWatch

News from the Houston Chronicle energy team
(Photo: Fotolia)

Iraq official says oil exports jump in February

Iraq’s daily oil exports surged to 2.8 million barrels per day in February, some half million barrels more than in the previous month.  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 Chesapeake assets for $360M

Natural gas services contractor Exterran Partners said Friday it plans to buy hundreds of midstream compression units from Chesapeake Energy for $360 million.  More »
Calpine Corp.'s Guadalupe Energy Center combined-cycle power plant. (Calpine Corp. photo)

Calpine buys San Antonio-area power plant for $625 million

Houston-based Calpine Corp. has added a Guadalupe County power plant to its fleet of nearly 100 in the U.S. and Canada.  More »
(Fotolia)

Texas electricity demand growing slower than once thought

Electricity use during the summer peak times is increasingly less quickly than once thought, according to a report released Friday morning by the grid managers for most of Texas.  More »
The "Norman Lady" delivers liquefied natural gas to the Dominion Natural Gas Plant's offshore docking facility in Cove Point, Md., in 2003.  (AP Photo/ Matt Houston)

Federal law blocking cheap Texas fuel from reaching frozen East Coast

As freezing weather drained stockpiles of propane to their lowest seasonal level in two decades on the U.S. East Coast this month, shivering New Englanders couldn’t tap abundant supplies sailing out of Texas. The reason? The Jones Act.  More »
(Clean Energy Fuels)

Researchers: Natural gas vehicles will see rapid rise globally through 2023

The number of light-duty vehicles running on natural gas will more than double over the next decade to 39.8 million traveling on roads worldwide, according to a new report by research firm Navigant.  More »
The Freeport LNG Liquefaction Project expansion (Freeport LNG)

Freeport LNG gets $1.2B in equity from Japanese utilities

Freeport LNG, which plans to build a major natural gas and liquefaction facility, signed an agreement that provides the final piece of equity it needs for the initial phase of its plans.  More »
(StockMonkeys.com)

Plug Power climbs on Wal-Mart fuel-cell forklift order

Plug Power Inc., the supplier of fuel cells for electric forklifts that’s doubled in market value this year, surged the most in two weeks after announcing an order from Wal-Mart Stores Inc.  More »
Pacific Drilling, an ultra deepwater drilling company formed in 2008, owns a fleet of eight drillships, including the Pacific Bora. (Image: Pacific Drilling)

Pacific Drilling to make first shareholder payout

Pacific Drilling announced Wednesday that it would make its first distribution to shareholders of $152 million, saying that five consecutive quarters of solid growth has driven the move.  More »
Foundations and pilings are all that remain of brick buildings and a boardwalk in Atlantic City, N.J., Tuesday, Oct. 30, 2012, after they were destroyed when a powerful storm that started out as Hurricane Sandy made landfall on the East Coast on Monday night. (AP Photo/Seth Wenig)

Study: Offshore wind turbines can weaken hurricanes (video)

Offshore wind turbines could help prevent destruction caused by hurricanes by draining the storms of their deadly winds, according to a new scientific study that highlights a previously unknown benefit of the technology.  More »
Transocean Ltd. President and CEO Steven Newman, testifies during a Senate committee hearing on response efforts to the Gulf Coast oil spill in 2010. (Manuel Balce Ceneta/AP)

Transocean’s fourth-quarter profit drops

The company also announced Wednesday that it awarded contracts worth $1.2 billion for construction of two new ultradeep-water drillships.  More »
TransCanada CEO Russ Girling talks about the future and present of the company's pipeline before an event at Ford Park in Beaumont on Wednesday.  (Guiseppe Barranco/@spotnewsshooter)

Canadian crude now moving through Keystone XL’s southern leg

The Keystone XL southern leg has delivered its first barrels of Canadian oil to the Texas coast, even though the project still lacks its planned northern leg into Canada, TransCanada’s CEO said in an interview.  More »
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