EnergyWatch

News from the Houston Chronicle energy team
The United Kalavryta, shown in the Gulf in late July, about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Vessel weighs anchor as oil dispute hangs in scales of justice

An oil tanker that’s sat off the coast of Galveston since July amid an international legal dispute is finally leaving.  More »
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

BP turns to environmental impact, financial state in oil spill penalty trial

BP will continue to build its case for lower environmental fines Tuesday in the long-running legal fight over how much it should pay for fouling the Gulf of Mexico in 2010.  More »
(AP Photo/Steven Senne)

Thousands without power during snowstorm in Massachusetts

The state Emergency Management Agency says the plant’s emergency diesel generators are supplying power to the safety systems and there is no emergency or danger.  More »
(AP file photo/Patrick Semansky)

Houston man accused of lying about blowout preventer tests

If convicted on two counts of making false statements to federal agencies, he could get up to 10 years in prison and $500,000 in fines.  More »
John Hess, chairman and CEO of Hess Corp. (Photographer: F. Carter Smith/Bloomberg )

Hess cuts capital spending by 16 percent

Hess Corp. will cut its capital spending 16 percent to $4.7 billion, becoming the latest exploration and production company to announce big cuts to its 2015 budget.  More »
women_in_energy

Hurdles remain for women in energy

Women have made strides in the energy industry, but there’s still a lack of women in some engineering and management positions, a panel of female energy sector executives said Monday.  More »
(Jason Alden/Bloomberg)

BP will freeze pay for most of its employees

The announcement came today in an internal message to employees, said BP spokesman Brett Clanton.  More »
A Sikorsky model 76-D helicopter hovers over a runway during a demonstration of the new Sikorsky model 76-D helicopter designed for transporting offshore oil workers at West Houston Airport Friday, Jan. 23, 2015, in Houston. Sikorsky just opened a Houston office to focus on oil & gas support. 
( James Nielsen / Houston Chronicle )

Video: Sikorsky’s new helicopter takes flight

Sikorsky doesn’t expect the drop in crude oil prices to hurt its business, even though the oil industry is a big customer.  More »
(Energy Transfer)

Energy Transfer Partners to buy sister company in $11.2 billion deal

The purchase would bring together two companies both controlled by parent company Energy Transfer Equity, L.P. in a cash-and-stock deal.  More »
(AP Photo/Gerald Herbert, File)

Spill trial: BP makes its case for lower pollution fines

BP’s fourth and final witness, Robert Cox, a practicing physician and toxicologist at the University of Mississippi Medical School, said he found the oil spill and the efforts to clean it up left no significant adverse human health impacts or threats to public health, based on his analysis of exhaustive state and federal data.  More »
(SAMAD/AFP/Getty Images)

Hedge funds bet oil will fall further

U.S. crude supplies rose by 10.1 million barrels to 397.9 million in the week ended Jan. 16 and the country will pump the most oil since 1972 this year.  More »
Caroline Lucas, a Green Party member in the UK Parliament, stands outside the main entrance to the Cuadrilla exploratory drilling site in Balcombe, England, as anti fracking demonstrations continue near the drill site, Sunday Aug. 18, 2013. (AP Photo / Gareth Fuller, PA)

U.K. lawmakers urge fracking moratorium

Hydraulic fracturing in shale for oil and gas should be put on hold in the U.K. because of risks to public health and the environment, a panel of lawmakers said.  More »
(shankool007/Flickr)

Obama to seek wilderness designation for Alaska refuge

President Barack Obama is boosting protection of Alaska’s Arctic National Wildlife Refuge and will ask Congress to designate more than 12 million acres as a wilderness area, including its potentially oil-rich Coastal Plain.  More »
In this Dec. 20, 2007 file photo, workers leave their shift as Cubans prepare to inaugurate the Camilo Cienfuegos refinery ahead the IV Petrocaribe Summit in Cienfuegos, Cuba. Fears that falling oil prices could knock the wheels off the already wobbly economy of oil-dependent Venezuela have sparked apparent interest in alternatives to Petrocaribe, a trade program created by the late President Hugo Chavez that has kept the region dependent on the South American country for energy. All the countries of the region, except Cuba, are expected to participate in closed talks that will involve U.S. Vice President Joe Biden and other U.S. officials as well as representatives of the European Union, the U.N., and multi-lateral financing agencies such as the World Bank and Inter-American Development Bank. (AP Photo/Dado Galdieri, File)

US works to ease Caribbean dependence on Venezuelan oil

A decade-long addiction to oil subsidized by Venezuela may be coming to an end for several Caribbean nations, with a nudge from the United States  More »
Steven Farris, chairman and chief executive officer of Apache Corp. (F. Carter Smith/Bloomberg)

Apache taps new CFO as exiting CEO gets hefty retirement package

Apache abruptly announced longtime CEO G. Steven Farris’ retirement this week.  More »
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