EnergyWatch

News from the Houston Chronicle energy team
Dr. Venkat Selvamanickam, director of the Applied Research Hub, talks with  Superconductor Inc. employee Albert Guevara (sitting) at a machine that produces superconductor wire at the University of Houston Energy Park on the Gulf Freeway Thursday  August 30,2012.(Dave Rossman/For the Chronicle)

Inside University of Houston’s new high-tech research center (photos)

The University of Houston has been showing off its high-tech energy research center to political and industry leaders from around the world.  More »
(construct/Flickr)

Panel: Private equity nearly saturated in upstream market

Private equity firms will continue to throw capital at U.S. independent producers despite tell-tale signs that the number of high-quality investment opportunities is shrinking, a panel of private equity investors said Wednesday.  More »
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Grid operator endorses $590M power project for Houston area

The state’s electric grid operator has endorsed $590 million in upgrades designed to improve electric reliability in the Houston area.  More »
A rig works in the Marcellus Shale, the largest U.S. shale-gas basin. (Andrew Harrer/Bloomberg)

Oil companies pay $630M in Pennsylvania drilling fees

Anadarko Petroleum, Chesapeake Energy and others will pay the state of Pennsylvania about $225 million in fees this year for drilling in the gas-rich Marcellus Shale, but critics of state law say they aren’t paying enough.  More »
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Baker Hughes acquires Houston reservoir-software firm

Baker Hughes is planning to buy a Houston-based software company in a deal that would add to its digital tools designed to enhance the performance of oil and gas reservoirs.  More »
(Image: Fotolia)

Private equity firm raises $5B for midstream, power investments

Energy Capital Partners, a private equity firm with a new office in Houston, has raised $5 billion to pump capital into power generation, gas pipeline and energy services companies.  More »
(Ryan Remiorz, The Canadian Press)

Valero can send oil back to Canada

San Antonio’s Valero Energy has received federal permission to send oil from Canada back to a refinery there.  More »
(construct/Flickr)

Private equity funnels millions into oil field technology firm

Private equity firms Energy Ventures and Epi-V will funnel $41.5 million into Norwegian oil field equipment provider DWC.  More »
A boat passes a refinery standing along the Houston Ship Channel.  (Scott Dalton/Bloomberg)

Moody’s: New Chinese plants could hamper global refining earnings

Cheap natural gas and oil supplies will give Gulf Coast refiners an edge in global markets, but over the next two years new plants coming online in China and the Middle East are poised to dampen worldwide demand for refined products like gasoline, according to a report released Monday.  More »
Storage tanks with fracturing material are lined up at a well on a ranch southwest of Ben Bolt, Texas, on Wednesday, Sept. 11, 2013. The well, located near the Jim Wells and Duvall County line, was drilled to a depth of over one mile. (Express-News File Photo)

Water recycling companies getting a foothold in the Eagle Ford

Water — and how it’s sourced — has been an increasingly hot topic in the oil patch. Drilling a well in the Eagle Ford Shale and other so-called “tight” formations requires several million gallons of water.  More »
The Ain Amenas gas field in Algeria, where Islamist militants raided and took hostages Wednesday Jan. 16, 2013. (AP Photo/Kjetil Alsvik, Statoil via NTB scanpix)

Family says BP lied about man’s cause of death in terrorist attack

The family of a Houston man killed in a terror attack on a BP plant in Algeria early last year claims the oil company lied about how the man died and that its Internet access policy contributed to his death.  More »
(Image: Fotolia)

Houston oil and gas producer files for $700M IPO

Memorial Resource Development Corp. filed paperwork late Friday for a $700 million initial public offering to take its oil and gas production business to Wall Street, just as it plans to double down on its core resource in Louisiana.  More »
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