EnergyWatch

News from the Houston Chronicle energy team
In this undated file photo, flags fly over a sign at Murphy Oil Corp., headquarters in El Dorado, Ark. (AP Photo/The El Dorado News-Times, Michael Orrell, File)

Murphy to sell stake in Malaysian business for $2 billion

Arkansas-based Murphy Oil Corp. will sell a 30 percent stake in its Malyasian oil and gas assets for $2 billion to Pertamina, Indonesia’s state-owned oil and gas company, Murphy announced announced Tuesday morning.  More »
GE is going to build four of its latest, most efficient gas turbines, pictured, for Exelon Corp.'s plants in Texas.

GE gets $500M price tag for gas turbines in Texas

General Electric’s new high-efficiency gas turbines, fired at temperatures 200 degrees hotter than an erupting volcano, will see their U.S. debut at two gas power plants near Houston and Dallas.  More »
Chris Faulkner, CEO of Breitling Energy, is a vocal advocate of hydraulic fracturing.( Marie D. De Jesus / Houston Chronicle )

CEO says oil industry cedes its message to opponents

Chris Faulkner of Breitling Energy says the oil and gas industry does a poor job of getting its message to the public, and he’s trying to change that.  More »
Chesapeake Energy Corp. CEO Aubrey McClendon speaks during the opening of a compressed natural gas filling station in Oklahoma City in 2009. (AP Photo, File)

McClendon lures Chesapeake exec for new energy venture

Shale gas wildcatter Aubrey McClendon has lured away a top executive from the company that ousted him last year, as McClendon works to build a new U.S. energy producer.  More »
Doug Suttles, Encana President and CEO

Encana buying Permian-focused Texas company for $5.9 billion

Calgary-based Encana Corp. will buy Fort Worth’s Athlon Energy in a deal worth $7.1 billion that will give the Canadian company’s a sizable footprint in the Permian Basin.  More »
A rig works in the Marcellus Shale. (Andrew Harrer/Bloomberg)

NiSource joins utility trend in forming MLP

NiSource has announced plans to spend about $8 billion to $10 billion over the next five to 10 years to expand and upgrade pipelines serving the Marcellus and Utica shale formations.  More »
(StockMonkeys.com)

West Virginia opens bids on drilling under Ohio River

Noble Energy, Gastar Exploration and Statoil submitted bids with 20 percent royalty rates. State officials plan to pick winners in the next week or two.  More »
Customers fill up vehicles beyond a filler hose as 7,500 gallons of unleaded gasoline are delivered to a Shell station in Peoria, Illinois, U.S., on Friday, Sept. 12, 2014. (Photographer: Daniel Acker/Bloomberg)

Lawmakers fear voters won’t approve of easing export ban

Some Republican congressional leaders and lawmakers from oil states have been reluctant to say much on the topic of easing the federal ban on oil exports.  More »
A Siemens coal gasifier.  (Photo: Siemens)

Lawsuit: Siemens $6.5B price for Dresser-Rand too low

A shareholder of Dresser-Rand Group says in a lawsuit the Houston compressor and turbine maker is worth more than the $6.5 billion that Siemens AG is planning to pay for it.  More »
Romanian leaders in Houston Friday urged U.S. companies to invest in the country's energy sector.

Romanian prime minister in Houston urging U.S. investment

Romania traces its oil industry to the 1850s, but as it production has declined in recent years, it’s urging American investors to pump their money into the country to help it develop shale and deepwater resources.  More »
Aexey Miller, CEO of Russian gas supplier Gazprom leaves a news conference of European Union Commissioner Guenther Oettinger in Berlin, Friday, Sept. 26, 2014. Trilateral gas talks between the European Union, Russia and Ukraine about gas supply from Russia for Europe during the upcoming winter take place in the German capital. (AP Photo/Markus Schreiber)

EU proposes deal to ensure Ukraine gas supplies

The proposed deal, which would expire next spring, is aimed at averting a supply crisis in Ukraine and the EU over the winter but wouldn’t resolve a deeper dispute over what price Kiev should pay for past and future deliveries.  More »
BHP Billiton's Shenzi tension leg platform is positioned about 120 miles off the Lousiana coast, handling production from several deep-water fields (Photo: BHP)

BHP Billiton, Pemex sign agreement to share deepwater knowledge

Australian oil and mining giant BHP Billiton and Pemex, Mexico’s national oil company, have signed a deal to share knowledge of deepwater operations, BHP Billiton announced.  More »
BHP Billiton CEO Andrew Mackenzie speaks at the IHS CERAWeek energy conference in Houston on March 4. (Mayra Beltran/Houston Chronicle)

BHP Billiton to cut petroleum capital spending by $279 million

BHP Billiton, the Australian mining and oil giant, will cut capital spending in its petroleum division by $279 million in 2015, the company announced in its annual report Thursday.  More »
Black Elk Energy's sign is seen on the front of its office in the 11400 block of Katy Freeway. (Cody Duty / Houston Chronicle)

Black Elk execs depart, start new firm

The man who founded and led Black Elk Energy, a Houston firm battered by a fatal 2012 explosion at one of its Gulf of Mexico production platforms, left the company a few weeks ago to try his hand at pumping oil on dry land.  More »
Woodstock music festival poster.

Can we at least agree that it’s not “hydraulick?”

The oil and gas industry in Pennsylvania is embracing the word “fracking,” and spelling it that way, to counter its pejorative use by opponents of hydraulic fracturing.  More »
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