EnergyWatch

News from the Houston Chronicle energy team
(AP Photo)

Barclays cuts oil-price forecasts on world supply surplus

Barclays Plc cut its oil-price forecasts for the second time this month, citing expectations that OPEC won’t cut supplies sufficiently to remove a global surplus.  More »
AnteroLogo

Antero Resources’ midstream IPO looks for $788 million

Antero Resources Corp. launched its master limited partnership with a Monday initial public offering, as the company looks to become the latest producer to show its midstream assets to investors  More »
The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

Layne Christensen to pay SEC $5.13M over bribery allegations

The Securities and Exchange Commission alleged the Woodlands-based company had spent nearly $800,000 to pay off foreign government officials in Mali, Guinea and the Democratic Republic of the Congo.  More »
(Scott Dalton/Bloomberg)

South Dakota Keystone re-approval draws skepticism

The pipeline has stirred grassroots opposition from the start. Opponents say it would hurt efforts to curb global warming, threaten groundwater and residents’ property rights.  More »
The Scream, by Edvard Munch.

Goldman Sachs: Expect U.S. crude to fall to $70 next year

The decline is due to oil production growing at a faster pace than demand, leading to global oil market that’s oversupplied.  More »
Former Treasury Secretary Timothy Geithner became president of Warburg Pincus in November.  (AP Photo/J. Scott Applewhite. File)

PE firm Warburg Pincus raises $4B for energy investments

A private equity shop that lured the former U.S. Treasury Department chief to the firm last year has collected $4 billion for its first energy fund to pour cash into U.S. oil explorers and other companies.  More »
Site preparation has already begun for construction of Chevron Phillips Chemical’s new ethane cracker at its Baytown facility. (Chevron Phillips Chemical)

Sasol approves plan for $8.1 billion ethane cracker near Lake Charles

The project is driven by the abundance of low-cost ethane and natural gas in the U.S., which has prompted many chemical makers to beef up their U.S. facilities.  More »
Huntsman posted higher third-quarter earnings despite an unplanned outage at its Port Neches plant. ( Brett Coomer / Chronicle )

Huntsman posts higher earnings despite Texas plant outage

The company attributed the increase to growing demand for key products, including textile dyes and chemicals and a specific kind of polyurethanes.  More »
(Ken Childress)

Carrizo snaps up Eagle Ford acreage for $250M

The debt-funded deal closed late last week, but Carrizo said it is scheduled pay the bulk of the purchase price by February.  More »
FRANCE-ECONOMY-ENERGY-OIL-FUEL-GAS-AUTO-FILES

U.S. gasoline falls to lowest since 2010, Lundberg says

Oil has fallen by 24 percent from this year’s peak in June.  More »
(Olivier Douliery/Abaca Press/MCT)

Keystone foes energized as price pinches oil sands allure

TransCanada Corp. proposed the pipeline in September 2008 when oil was more than $100 a barrel.  More »
(AP Photo/ Louis Lanzano)

Oil speculators bet wrong as rebound proves fleeting

After rising as analysts speculated prices had reached a floor, WTI sank again after stockpiles climbed nationally.  More »
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