EnergyWatch

News from the Houston Chronicle energy team
Adam Sieminski

Five things to know about the U.S. energy landscape

Adam Sieminski, head of the U.S. Energy Information Administration, spoke at 2014 Deloitte Energy Conference in Houston about long-term trends facing the energy sector. Here are five takeaways from his presentation.  More »
Halliburton Chairman and CEO Dave Lesar, joined by members of the Halliburton Executive Team ring the Opening bell at the New York Stock Exchange on November 18, 2014 in New York City. (Photo by Ben Hider/NYSE)

Halliburton’s Lesar on the trail to sell $35B megadeal to investors

Halliburton CEO Dave Lesar hopped on a plane to New York on Monday, rang the bell at the New York Stock Exchange on Tuesday, and over the next two days will have no less than 16 meetings with shareholders to sell the oil-field service industry’s biggest-ever acquisition.  More »
(Andrey Rudakov/Bloomberg)

Shell Nigeria denies it lied to Dutch court

The multinational company, half owned by Nigeria’s government and with significant Dutch shareholding, says sabotage, not negligence, caused spills in 2004 along the Trans-Niger pipeline that destroyed several hectares of mangrove forests and the livelihoods of residents of Goi village.  More »
Oil field workers' jobs probably are less at risk than corporate functions under the proposed Halliburton-Baker Hughes merger (Donna McWilliam/AP)

Workers wonder if they’ll survive oil field merger

Workers are anxious about their jobs after Monday’s announcement that Halliburton is buying oil field services rival Baker Hughes.  More »
Iraq's Minister of oil and President of the Conference Abdul-Kareem Luaibi Bahedh talks with Secretary General of OPEC Abdalla Salem El-Badri of Libya, from left. (AP Photo/Ronald Zak)

Goldman says OPEC in dilemma as output cut seen helping U.S.

While the slide in prices into a bear market increases the chances of a reduction, trimming output by more than 500,000 barrels a day would mean further cuts are needed starting 2016 as higher prices prompt more U.S. drilling.  More »
Michael O'Mara

Halliburton-Baker Hughes deal would rank among top 20 energy deals of last 20 years

Data shows that the 20 biggest oil and gas deals of the last century have all been announced since 1998.  More »
(AP Photo/The Star Tribune, Elizabeth Flores, File)

Dayton: Pipelines part of solution to rail backlog

Heavy rail traffic originating from North Dakota’s oil fields has long been blamed for the shipping delays that have affected farmers and coal and propane suppliers throughout the Midwest.  More »
(AP Photo/Rockford Register Star, Brent Lewis)

Natural gas well positioned for coming winter, industry group says

America’s Natural Gas Alliance, an industry group that represents producers, said that a large investment in infrastructure and a rapid buildup in inventories has made more natural gas available this winter than last, despite 2014’s cold winter that left storage of the fuel at decade-long lows.  More »
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Executives mum about what the Halliburton-Baker Hughes deal means for jobs

Officials at Halliburton and Baker Hughes have remained tight-lipped about what today’s transaction means for jobs at the two oilfield services companies.  More »
Halliburton CEO Dave Lesar (Melissa Phillip/Chronicle)

Halliburton CFO: Already identified buyers for businesses it may sell

Executives said the company has plans to capture $2 billion by improving operations and reorganizing personnel, mostly in North America.  More »
Iran's Minister of Petroleum Bijan Namdar Zangeneh (AP Photo/Hans Punz)

Oil slide prompts Iran’s oil minister to visit UAE

OPEC producers have stepped up their diplomatic visits before the group’s meeting in Vienna, potentially seeking a consensus on how to react to oil prices at a four-year low.  More »
BPsign

BP asks judge to cap spill penalties at $12 billion

BP wants a federal judge to cap its potential oil-spill pollution fines at a maximum of $12.3 billion, a move that would cut away nearly a third of the penalties U.S. prosecutors are seeking for the Deepwater Horizon disaster.  More »
Workers from Halliburton at a hydraulic fracturing site. (Photo: Johnny Hanson/Houston Chronicle file photo)

Halliburton to buy Baker Hughes for $34.6 billion

Halliburton will buy Baker Hughes for $34.6 billion in a cash and stock transaction that marks one of the biggest oil-field services combinations ever.  More »
Oil field workers' jobs probably are less at risk than corporate functions under the proposed Halliburton-Baker Hughes merger (Donna McWilliam/AP)

In letters, Baker Hughes sends message to any potential buyer

Correspondence between the heads of two oil field service giants, unleashed Friday in a bundle of public disclosures, has provided a window into the haggling that could bring together two fierce rivals in what could be the second-biggest energy deal of this year.  More »
(Photo: Gerald Herbert/AP)

U.S. drillers shift oil rigs to tap most reliable fields

The oil-rig count has fallen from a peak of 1,609 on Oct. 10 as companies slow drilling in response to a 26 percent slide in crude prices over the past four months.  More »
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