EnergyWatch

News from the Houston Chronicle energy team
The head office of Statoil in Stavanger, Norway.  (AP Photo / Kent Skibstad, NTB scanpix, File)

Statoil, West Virginia agree on deal for drilling under Ohio River

The Intelligencer and Wheeling News-Register reports that Norway-based Statoil plans to drill on about 474 acres of state-owned land under the river in Marshall and Wetzel counties.  More »
(AP Photo/Reed Saxon, file)

Americans drove more than 3 trillion miles last year

The 33 percent slide at U.S. pumps, combined with an improving job market, touched off a national spending spree on sport utility vehicles, vacations and Christmas presents.  More »
(AP Photo/Hasan Jamali)

Asia readies for Iran oil bargains on potential nuclear deal

As world leaders seek an accord on Iran’s nuclear program, at least six Asian refiners including are anticipating more supply from the Middle East producer if sanctions are lifted.  More »
(Jim Wilson/The New York Times)

Fracking moratorium bill fends off amendments, heads to vote

On Monday, the Protect Our Health and Communities Act dodged attempts by House Republicans to change the legislation and make it easier for fracking to start in western Maryland.  More »
Anadarko Petroleum Corporation CEO Al Walker, gives a speech after his company won top ranked large employer during the Houston Chronicle's Top Workplaces Awards Gala, Thursday, Nov. 8, 2012, in Houston. (Nick de la Torre/Houston Chronicle)

Anadarko paid executives $127,252 for club memberships in 2014

Anadarko Petroleum Corp., an oil and gas exploration and production company, paid its five named executives $127,252 in fees for club memberships in 2014, a benefit provided by only two of the 12 peers it uses to benchmark compensation.  More »
(Ken Childress)

Commentary: Oil’s perfect storm

The precipitous drop in global oil prices that began last October has not only overturned business plans and fiscal assumptions. It also has upset a host of cherished geopolitical assumptions.  More »
(RJ Sangosti/The Denver Post via Getty Images)

Scientists launch study of emissions over fracking sites

Scientists from the Cooperative Institute for Research in Environmental Sciences at the University of Colorado and the National Oceanic and Atmospheric Administration plan 15 research flights out of Colorado and Texas between now and May.  More »
Rigs stacked at a business 20 miles west of Farm-To-Market Road 1788 photographed Tuesday, Feb. 24, 2015. (AP Photo/Reporter-Telegram, James Durbin)

U.S. drillers scrambling to thwart OPEC threat

Companies are leaning on new techniques and technology to get more oil out of every well they drill, and furiously cutting costs in an effort to keep U.S. oil competitive with much lower-cost oil flowing out of the Middle East, Russia and elsewhere.  More »
In this Thursday, Feb. 26 photo, a ribbon tied to a stake on Kernan family property marks the proposed path of the Constitution Pipeline in Harpersfield, N.Y. The developer of a 124-mile-long pipeline to bring Marcellus Shale gas from Pennsylvania to New York City and New England is using both carrot and stick to achieve its goals. (AP Photo/Mike Groll)

Northeast gas pipeline progresses, to some landowner dismay

Of 651 landowners in New York and Pennsylvania affected by the $700 million pipeline project, 125 refused to sign right of way agreements.  More »
(Getty)

Norway on bubble watch as anxiety over oil plunge recedes

Threats from Norway’s hot housing market have trumped anxiety that forced Governor Oeystein Olsen, 63, to deliver a surprise rate cut in December, when oil sank to about $63.  More »
(Jim Gehrz/Minneapolis Star Tribune/MCT)

Texas landmen left out of work as oil patch boom times go bust

Land managers, or landmen as they’re known, are part of a once dying oil patch profession resurrected when production soared.  More »
Sales of equipment like these subsea trees displayed at its Houston headquarters helped FMC Technologies post a 46 percent third-quarter profit rise.  (Melissa Phillip/Chronicle)

FMC, Technip forming new firm to streamline subsea operations

Subsea equipment maker FMC Technologies and engineering firm Technip are forming a new company together, one they say will be able to help oil companies reach their first barrels of offshore crude faster, for cheaper.  More »
PHILIPPE HUGUEN/AFP/GettyImages

Oil markets, strong production lead US gas prices lower

Los Angeles had the most expensive gas among cities surveyed in the Lower 48 states at $3.29. Charleston, South Carolina, had the cheapest at $2.11.  More »
(Photo by Eddie Seal for Bloomberg News)

Return to $100 oil seen unlikely by Saudis amid shale surge

Brent oil, the global benchmark, declined almost 50 percent in the past year as Saudi Arabia and others in the Organization of Petroleum Exporting Countries committed to maintain output amid a global surplus.  More »
Photographer: Ty Wright/Bloomberg

Oil field services company cuts 200 of 250 employees in Arkansas

M&M Environmental Group CEO Sam McFadin told the Arkansas Democrat-Gazette that employees were told of the layoffs Friday and that remaining employees will be offered transfers to company offices in Oklahoma.  More »
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