EnergyWatch

News from the Houston Chronicle energy team
(Paul O'Driscoll/Bloomberg News)

Shell calls on Big Oil peers to speak up on climate change

While Shell, along with BP Plc, have led the oil industry in acknowledging climate change as a risk, the producers have avoided forums such as the annual United Nations climate talks.  More »
( Brett Coomer / Houston Chronicle )

Texas solar jobs increasing

The number of Texans working in the solar industry increased last year by more than 2,800, a sign that the industry is making headwinds in the Lone Star State.  More »
A row of pump jacks operate in Apache Canada’s Provost field, located in the southeast part of Alberta (Apache Corp.)

Apache reports $4.8 billion loss

Exploration and production company Apache Corp. reported a $4.8 billion loss in the fourth quarter and said it would slow its production activity in the face of falling oil prices.  More »
(AP Photo/Dado Galdieri, File)

Global oil layoffs exceed 100,000

While much of the focus on layoffs has centered on the U.S., where the shale fields that created the glut have seen the steepest cutbacks, workers in oil-related businesses across the globe are suffering, too  More »
Williams Cos. Chairman and CEO Alan Armstrong (NAPE)

Williams CEO: Politics, not prices, slowing natural gas pipeline development

Alan Armstrong said the decline in prices hasn’t changed the need for pipelines  More »
(Ryan Holeywell)

C&J Energy profits triple but CEO sees tough year ahead

The growth, C&J CEO Josh Comstock said in a written statement, came despite falling oil prices. But that could change in the first quarter.  More »
Jack Gerard, CEO of the American Petroleum Institute, speaks at a Houston Chronicle editorial board meeting June 18, 2013.

U.S. should lift export ban despite possible impact on crude prices, API chief says

It’s not clear whether proposed changes to 40-year-old oil export ban will make much progress this year, whether by the Obama Administration or the Republican-controlled Congress.  More »
(AFP/Getty Images)

Oil ship explosion in Brazil kills three, union says

The Unified Oilworkers Federation said in a statement on its website that the blast was caused by a gas leak in the engine room of the vessel.  More »
(AP Photo/U.S. Geological Survey, S.A. Sonsthagen)

Oil drilling banned in Arctic area that attracts walrus

“This administration has effectively declared war on Alaska,” U.S. Sen. Lisa Murkowski said.  More »
Photographer: Jay LaPrete/Bloomberg News

U.S. crude inventories continue to soar

U.S. commercial crude oil inventories are now at their highest level for this time of year in at least 80 years, the U.S. Energy Information Administration said in a weekly update Wednesday.  More »
(Photo by Eddie Seal for Bloomberg News)

EIA: U.S. crude oil production will approach record level in 2016

In the face of slower crude oil demand growth, many analysts say oil prices won’t start to rise significantly until U.S. producers slow down their production.  More »
(Johnny Hanson/Houston Chronicle)

FMC Technologies to cut about 2,000 jobs

The Houston-based equipment maker is just the latest to cut back on jobs after a collapse in crude oil prices.  More »
Iranian President Hassan Rouhani pauses before delivering the country's draft budget to the parliament speaker at the parliament in Tehran, Iran, Sunday, Dec. 7, 2014. (AP Photo/Vahid Salemi)

Iran nuclear deal must end all sanctions, Rouhani tells rally

Rouhani said on Wednesday that since taking office in 2013 his government had been able to escape a “dead end” in its relations with the outside world  More »
(Alexander Klein/AFP via Getty Images)

OPEC producers cut oil prices to Asia in battle for market share

The cuts come after Saudi Arabia, the largest crude exporter, reduced pricing to Asia last week to the lowest in at least 14 years.  More »
(Carolyn Mary Bauman /Fort Worth Star-Telegram)

Wind company paying first dividend since 2003 in industry rebound

After slashing 3,000 jobs since 2011 and closing a third of its factories to survive a plunge in turbine prices, Vestas today reported its first full-year profit since 2010.  More »