EnergyWatch

News from the Houston Chronicle energy team
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Vancouver council weighs resolution against oil terminal

Tesoro Corp. and Savage Companies are proposing a terminal at the Port of Vancouver that could handle as much as 380,000 barrels of crude per day.  More »
(photo: Victor Monsour)

In Exxon reptile win, scales of justice tip on gator genealogy

Exxon Mobil Corp. isn’t responsible for alligators overrunning a rural dump site it owns in Mississippi, the state supreme court ruled, because the global oil explorer can’t control wild animals.  More »
baker hughes walking rig

Energy rigs in U.S. climb to tie highest count since 2012

Rigs targeting oil and natural gas in the U.S. increased this week, tying a 20-month high, as energy producers used a record number of horizontally drilling ones to reach deposits in shale formations in the middle of the country.  More »
Petroleos Mexicanos oil platforms in the Cantarell oil field in the Gulf of Mexico.  (Photo: Pemex/Bloomberg)

Pemex reserve replacement fell dramatically in 2013, filing shows

Pemex replaced only two thirds of the oil it produced last year with new reserves, according to regulatory filings.  More »
Cleanup crews work in Lac-Megantic, Quebec after a runaway oil train derailment and explosion on July 9, 2013. (AP Photo/The Canadian Press, Ryan Remiorz)

Railroad wants to send oil into town where 47 died

John Giles, president and CEO of Central Maine and Quebec Railway, said he hopes to have an agreement with officials in Lac Megantic, Quebec, within 10 days that would allow the railroad to ship non-hazardous goods, restoring the vital link between the railroad’s operations to the east and west of the community.  More »
(StockMonkeys.com/Flickr)

Energy Future sued by lenders’ trustee for $665 million

nergy Future isn’t entitled to a “windfall” from failing to pay the premium owed for early redemption of debt, CSC Trust Co. of Delaware, which represents most holders of a unit’s $3.5 billion in 10 percent senior secured notes, said in the lawsuit  More »
A Chesapeake Energy drilling rig (Photo: Chesapeake Energy)

Chesapeake to garner $4 billion from sales, spin off

Chesapeake Energy is planning to collect $4 billion this year after it hawks assets in Texas, Pennsylvania and Oklahoma and spins off its U.S. fleet of walking rigs, the company said Friday.  More »
Turbines at Pattern Energy's Gulf Wind project in Kenedy County, Texas are silhouetted by a sunset. (Pattern Energy)

Texas renewable energy production up 12 percent

Renewable energy production rose 12 percent last year, according to the state’s grid operator.  More »
The Riyadh, Saudi Arabia, skyline with the Kingdom Tower in the background, photographed on Feb. 9, 2011  (AP Photo/Hassan Ammar)

Saudi gas reserves up as Aramco taps new shale deposits

Saudi Arabia’s natural gas reserves rose last year as it explored for the fuel in the Red Sea and tapped shale gas to free more crude oil for export, according to the kingdom’s state-run oil company.  More »
Power lines and pump jacks dot the horizon in the Permian Basin just west of Midland, Texas.

Oil rises on renewed Ukraine tensions

The gains came in the wake of a warning from Russian President Vladimir Putin that his country wouldn’t deliver gas to Ukraine unless it receives payment in advance, part of a dispute over an unpaid energy bill.  More »
(PVCG/Flickr)

Mexico’s energy reform could take a bite out of US shale-gas sellers, EIA chief says

A top U.S. energy official said Thursday he’d like to get together with Mexican authorities and pour over natural gas production forecasts to understand how much Mexico’s energy reform may set back U.S. shale-gas sellers.  More »
Yellow oil barrels

Oil below $102 on weak U.S. economic data

Oil slipped after the Federal Reserve said Thursday that U.S. industrial production dropped in April.  More »