EnergyWatch

News from the Houston Chronicle energy team
The Stygiomedusa gigantea jellyfish is one of the largest in the world, with tentacles that reach 20 feet long. Scientists didn't know it existed in the Gulf of Mexico until they were caught on camera by an ROV (remotely operated vehicle). (Photo: LSU)

Deep-water drillers discover creatures as well as crude (video)

Massive oil fields aren’t the only discoveries emerging from the drilling resurgence in the Gulf of Mexico.  More »
Transocean's Discoverer Inspiration drills a test well for Chevron in the Gulf of Mexico St. Malo field. (Transocean)

Transocean partnership files for $350M IPO

An ultra-deep-water drillship operator that spun out of Transocean Ltd. is planning to hit public markets for $350 million, the firm said Monday.  More »
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Horizontal drilling fuels latest Oklahoma oil boom

More than 4,600 oil and natural gas wells were completed in Oklahoma last year as part of a domestic boom that is affecting many parts of the nation, according to reports filed with state regulators.  More »
The U.S. Supreme Court building in Washington, D.C. (Photo: dbking/Flickr)

Supreme Court curbs shareholder class-action suits with Halliburton case

A Supreme Court ruling Monday will make it easier for Halliburton to fight a lawsuit brought by investors who allege the company misled them.  More »
(Phillips 66)

Phillips 66 acquires lubricants company

Phillips 66 announced today that it will buy Spectrum Corp., a Memphis-based specialty lubricants company.  More »
Logos sit on turbine units outside the GE Power and Water plant, operated by General Electric Co., in Veresgyhaz, Hungary, on Thursday, May 15, 2014.  (Photographer: Akos Stiller/Bloomberg)

France agrees to buy 20% stake in Alstom

The final obstacle to GE’s $17 billion takeover of Alstom’s power division was overcome Sunday after the French government agreed to terms with the French engineering company’s main shareholder.  More »
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The four candidates in the race are Tom Tancredo, Scott Gessler, Mike Kopp and Bob Beauprez. (AP Photos/Files)

Colorado GOP gubernatorial candidates discuss fracking

The four Republican gubernatorial contenders in Colorado’s Tuesday primary answer questions about what they’d do if elected. Here, they talk about how fracking. Each responded in writing. Answers were edited for space reasons  More »
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Five things to know about how Iraq’s turmoil affects oil markets

Sarah Haggas, an expert on the Middle East region for the energy team at consulting firm IHS, explains what you need to know about how turmoil in Iraq by militant group ISIS is affecting the energy sector.  More »
Workers install equipment at a natural gas plant in the Mont Belvieu, Texas complex, May 1, 2007. (Brett Coomer/Chronicle)

Rumored Targa deal a bust, but firm is ripe for buyout

The rumored $15 billion deal for control of a Houston natural gas pipeline operator never got past the initial talks, Targa Resources said after its shares soared on reports it was closing in on a sale.  More »
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Photos: At sea with Shell and the landmark Mars B project

Shell Oil Company has touted the project, expected to produce more than 100,000 barrels of oil a day at its peak, as one of its most important startups this year.  More »
(dustball/Flickr)

Hacker group claims launch of cyberattacks on global energy companies

A network of hackers called AnonGhost says it has launched a barrage of cyberattacks on international energy companies Friday, in a political strike against the widespread use of U.S. currency in oil trades, especially in Middle Eastern states.  More »
Wind and solar may account for about half of Germany’s generation capacity by 2020, from 37 percent in 2013, according to data from Bryan, Garnier & Co. (Krisztian Bocsi/Bloomberg)

Rice touts advancement in solar cell technique

Researchers at Rice University they’ve discovered a way to simplify the process used to make solar cell components, which could make the technology less expensive to produce.  More »
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