EnergyWatch

News from the Houston Chronicle energy team
In this undated photo, Zach Lamppa poses with an unmanned aircraft in North Dakota. Lamppa hopes to bring drone use to North Dakota's oil fields to monitor pipelines. Currently commercial use of drones is banned by the Federal Aviation Administration but that body has recently granted several exceptions, including oil companies British Petroleum and ConocoPhillips in Alaska. (AP Photo/Energy Intelligence)

Drones could be used on North Dakota oil fields

While the commercial use of drones is largely banned, the Federal Aviation Administration allowed oil giant ConocoPhillips to use unmanned aircraft systems in Alaska’s Prudhoe Bay oil field last year and granted a similar permission to BP there in June.  More »
George Terwilliger of law firm Morgan, Lewis & Bockius

Q&A: Companies take steps to avoid greasing palms in oil search

Energy companies are a particularly vulnerable to investigations under U.S. anti-bribery laws because they often operate in remote countries with histories of corruption, says George Terwilliger, a former deputy U.S. attorney general who now works at a private law firm.  More »
linn energy pump-jack 2

Eagle Ford, Permian drilling production surges

According to the Texas Petro Index, oil production in Texas rose almost 20 million barrels.  More »
NATURAL GAS

Baker Hughes: Oil, gas rig count falling

The number of oil and gas rigs in the U.S. is falling as oil futures fall below $90 a barrel this week.  More »
BP Deepwater Horizon drilling rig

BP swipe at “reckless” ruling hinges on challenge to Halliburton expert

BP’s attempt to unravel a verdict that its recklessness caused the Deepwater Horizon oil spill hinges on its legal and scientific challenge to the testimony of one expert and its bid to cast more blame for the disaster on cement contractor Halliburton.  More »
Yoko Ono appears at a news conference in New York to launch the coalition of artists opposing hydraulic fracturing called Artists Against Fracking.  (AP Photo/Bebeto Matthews, File)

EOG, Anadarko reach deal with New York to disclose financial risks of fracking

The New York Attorney General Eric Schneiderman reached an agreement with Houston based energy producers EOG Resources and Anadarko that will require them to disclose the financial risks associated with hydraulic fracturing, his office announced Friday.  More »
(Photo: freegreatpicture.com)

Linn Energy is selling $2.3 billion in assets

Proceeds from Linn’s sales will be to pay for $2.3 billion worth of assets it bought Devon Energy Corp.  More »
(Education Images/UIG via Getty Images)

Ohio State researchers build rechargeable solar battery

The researchers say the new battery could make solar energy more affordable and open the door for its widespread use as a sustainable power source.  More »
court_gavel

Dune Energy investor challenges buyout deal

A shareholder of Dune Energy is trying to stop a $21.9 million outside bid to buy the small Houston oil producer even as it makes a deal with lenders to avert debt default while it consummates the deal.  More »
U.S. District Judge Carl Barbier ruled Sept. 4 that BP acted recklessly and bears most of the responsibility for the 2010 oil spill. The ruling exposes BP to about $18 million in civil fines under the Clean Water Act. (AP Photo/Gerald Herbert, File)

BP asks court to revise findings or grant new trial

BP wants a a federal judge to change his findings that it was reckless in the days before the 2010 Gulf of Mexico oil spill or grant it a new trial.  More »
Maynard Holt, co-president of investment advisers Tudor, Pickering, Holt & Co.

As unconventionals dominate, buyers and sellers flip

Just a few years ago, the hope for a smaller exploration and production was to get bought up by an industry giant hoping to add assets to its ever-expanding portfolio. Today, that dynamic has been flipped entirely on its head.  More »
Emilio Lozoya Austin, chief executive officer of Petroleos Mexicanos (Pemex), pauses during a session on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Friday, Jan. 24, 2014. (Chris Ratcliffe/Bloomberg)

Exxon, Pemex sign cooperation agreement

The companies agreed to analyze exploration, drilling and refining opportunities.  More »
Yellow oil barrels

Crude prices fall as Saudi Arabia cuts prices

Oil for November delivery declined 43 cents, or 0.5 percent, to close at $90.73 a barrel.  More »
(Matthew Lloyd/Bloomberg)

U.S., U.K. securities suits against BP move forward

BP failed to persuade a Texas federal judge to dismiss several lawsuits brought by U.S. and U.K. institutional investors who claim the London oil company misled them about the impact of the Deepwater Horizon oil spill.  More »
Noble Energy will drill exploration wells off the coast of the Falkland Islands, the company announced Wednesday.

Noble Energy plans Falkland Islands exploration wells

Noble Energy will resume exploration drilling in the Falkland Islands next year, the company announced Wednesday, following evaluation of seismic imaging over its 10 million acres off the cost of the islands east of Argentina.  More »
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