EnergyWatch

News from the Houston Chronicle energy team
John Hess, Chairman and CEO of the Hess Corp. (AP file photo/Mark Lennihan)

Hess officials coy about what falling crude prices means for spending

On a week in which many executives have tried to downplay concerns about declining crude oil prices, the message provided one of the clearest pictures yet of how, exactly, the latest slide would affect earnings.  More »
Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko CEO: Lower oil prices could bring more acquisitions

A decline in oil prices may offer up discounts for key acquisitions in Colorado and elsewhere, Anadarko CEO Al Walker said.  More »
Drilling Operations

Hess profits increase 140 percent amid asset sale

Hess Corp.’s third quarter profits increased 140 percent to $1 billion, the New York-based exploration and production company announced, as the company enjoyed the proceeds of a massive asset sale.  More »
Abdalla El-Badri, general secretary of the Organization of Petroleum Exporting Countries (OPEC), speaks during the Oil & Money 2013. (Chris Ratcliffe/Bloomberg)

OPEC head tells oil market to stop panicking about prices

Crude collapsed into a bear market this month as Saudi Arabia and other producers deepened price discounts for their oil.  More »
(SAMAD/AFP/Getty Images)

Calls for $100-a-barrel oil show many betting on rebound

Higher prices will be back soon enough because the current slowdown in demand growth will prove fleeting, many in the market are saying.  More »
Patrick Pouyanne at the Intercontinental Hotel  in Houston. (Sharon Steinmann / Chronicle )

Total’s Pouyanne sticks to cost-cutting as profit falls

Patrick Pouyanne, who was named to succeed de Margerie last week, plans to “hit the road” to visit contacts in the oil industry and in several resource-rich countries  More »
(AP Photo/Lai Seng Sin)

Pirates target oil tankers in Asia route as attacks climb

Gangs of thieves armed with knives and guns are making Southeast Asian waters increasingly dangerous for small tankers carrying fuels such as gasoil or marine diesel.  More »
John B. Hess, chairman and chief executive officer of Hess Corp. (F. Carter Smith/Bloomberg News)

Hess announces plans to proceed with $6 billion Gulf project

The announcement comes at a time when many observers have questioned what sliding oil prices will mean for the future of the oil industry.  More »
permian basin

Anadarko-affiliated partnership to pay $1.5 billion for Permian midstream company

Western Gas Partners, a partnership formed by Anadarko, will pay $1.5 billion cash for Nuevo Midstream, a Houston-based  midstream company focused on gathering, processing and moving oil and gas from the Permian Basin.  More »
(AP Photo/Richard Drew, File)

Commentary: Lower crude prices aren’t all bad for the industry

Lower crude prices bring benefits to the industry.  More »
The Deepwater Millennium drillship  works on an Anadarko Petroleum Corp. project in the Rovuma Basin off the coast of Mozambique. (Anadarko Petroleum Corp.)

Anadarko profits jump on U.S. oil production

Anadarko Petroleum Corp.’s net income surged fivefold in the third quarter.  More »
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site near Burlington, Pa. (AP Photo/Ralph Wilson, File)

Texas panel amends disposal well rules over earthquake concerns

As of Nov. 17, disposal well operators must research U.S. Geological Survey data for a history of earthquakes within 100 square miles of a proposed well site before applying for a permit.  More »
ONEOK

ONEOK buys Chevron NGL pipelines for $800 million

The deal gives the company 2,600 miles of natural gas liquid gathering pipelines from southeast New Mexico to Mont Belvieu.  More »
(Ken Childress)

Noble Energy sees net income double in Q3

Noble Energy said it hit a sales volume record while prices remained high, though the company missed analysts’ expected earnings per share.  More »
(Matthew Lloyd/Bloomberg)

BP CFO: $70 oil would threaten Big Oil projects

The Big Oil industry’s prized projects won’t face major cuts unless oil prices fall below $70 a barrel, BP’s chief financial officer told investors on Tuesday.  More »
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