EnergyWatch

News from the Houston Chronicle energy team
TOTAL S. A. CEO Christophe de Margerie speaks at the IHS CERAWeek energy conference in Houston on March 4, 2014. (Mayra Beltran/Houston Chronicle)

Total announces plans to sell $10 billion in assets by 2017

French energy giant Total SA will sell $10 billion of assets from 2015 to 2017, the company announced at an event for analysts Monday, as part of a broader strategy designed to promote financial discipline within the company.  More »
Joe Kaeser, chief executive officer of Siemens AG. (Krisztian Bocsi/Bloomberg)

Siemens CEO: Dresser-Rand deal provides connection to oil epicenter

Siemens AG’s $7.6 billion deal to buy Houston’s Dresser-Rand Group is about more than collecting gas turbines and super-sonic engines: It’s about getting access to Houston, the epicenter of executive power in U.S. oil and gas, the German conglomerate’s chief executive said Monday.  More »
John Hofmeister headed Shell Oil from 2005 to 2008.(AP Photo/Nick Wass, file)

Former Shell Co. head says we should use less gasoline

John Hofmeister, former CEO of Shell Oil Co., described his vision for reducing our use of gasoline in transportation fuel.  More »
Joe Kaeser, CEO of Siemens, speaks during the IHS CERAWeek conference at Hilton Americas - Houston Wednesday, March 5, 2014, in Houston. ( Melissa Phillip / Houston Chronicle )

Siemens cuts multibillion dollar deal for Dresser-Rand

Investors in Dresser-Rand will get $83 a share on the deal. The company’s share price on Friday closed up $6.88 to $79.91 on the New York Stock Exchange. In a recent regulatory filing, Dresser-Rand said it had about $1.15 billion in debt. That would make the cash purchase price worth nearly $6.5 billion.  More »
A pro-Russian activist holds a Russian flag as he stands near a statue of Lenin during a rally in the eastern Ukrainian city of Donetsk on March 22, 2014. (AFP PHOTO/Alexander/Getty Images)

Russian oligarch owns big stakes in Dresser-Rand, potential Swiss buyer

Dresser-Rand Group and its potential Swiss industrial buyer have at least one thing in common: An ultra-rich Russian metallurgy and energy tycoon with ties to Moscow.  More »
(stockyimages)

Dresser-Rand talking to possible buyers

Dresser-Rand Group is in merger talks with at least one foreign industrial company, a potential suitor has confirmed, as talk that the Houston oil field equipment maker may sell pump its stock price.  More »
The chairman and chief executive officer

Exxon to halt Russian drilling in face of U.S. sanctions

The U.S. Treasury Department has given Exxon Mobil Corp. and other contractors a license to wind down operations in the Russian Arctic as the Irving-based company prepares to comply with U.S. sanctions banning joint-venture oil exploration in the area.  More »
Scotland's voters arrive at polling places in Edinburgh, Thursday, Sept. 18, 2014. Polls opened across Scotland in a referendum that will decide whether the country leaves its 307-year-old union with England and becomes an independent state. (AP Photo/David Cheskin)

Drillers can return to fight oil slump after Scotland’s ‘No’

After the failure of a referendum on Scottish independence, Shell and BP say they’ll continue working to combat an energy slump in the United Kingdom.  More »
Staff of Wild Well Control stand in front of the company's new 120-ton capping stack in Singapore. The device can be deployed worldwide in order to help plug out--of-control offshore wells. (Photo: Wild Well Control)

Wild Well unveils newest 120-ton capping stack

Houston-based Wild Well Control has stationed a capping stack in Singapore as part of its global system for responding to underwater well blowuts.  More »
University of Houston engineering students met with more than 100 employers Thursday.

For engineering students, first impressions count

As more than 100 companies — mostly in the energy sector — descended on the University of Houston Hilton for fall recruitment Thursday, Vita Como, senior director of the school’s engineering career center, has an important message: engineers are in demand, but first impressions count.  More »
The Deepwater Horizon oil rig burns after an explosion in the Gulf of Mexico in 2010. (AP Photo/Gerald Herbert, File)

Agency can look at rig owner’s role in oil spill

A federal appeals court in New Orleans has upheld a federal safety board’s right to investigate the role of Transocean Deepwater Drilling Corp. in the 2010 Gulf of Mexico oil disaster.  More »
Charif Souki, CEO of Cheniere Energy, was 2013's top-paid public company CEO in Houston and the nation. (James Nielsen / Houston Chronicle )

Cheniere Energy shareholders say ‘nay’ on pay

In a non-binding vote, Cheniere Energy shareholders have rejected the company’s 2013 compensation for its top brass, including $142 million in salary and stock grants for CEO Charif Souki.  More »
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