EnergyWatch

News from the Houston Chronicle energy team
Power lines and pump jacks dot the horizon in the Permian Basin just west of Midland, Texas. The basin extends into New Mexico. (San Antonio Express-News)

Exxon deals boost holdings, focus on US plays

Exxon Mobil made two deals aimed at boosting its output from U.S. oil plays, including one that will pad its holdings in the red hot Permian Basin region of West Texas, the company said Monday.  More »
Mahfouz Elbony, vice chairman for Agreement and Exploration of the Egyptian Natural Gas Holding Company, speaks to a Houston audience at a World Affairs Council luncheon in February 2014. (Emily Pickrell/Houston Chronicle)

Egyptian oil ministers looking for investors for upcoming bid round

Egyptian oil and gas officials touted the promise of an upcoming bid round in a visit to Houston Monday afternoon, saying that the promise of the Nile Basin, Mediterranean Sea and Red Seas could contain billions of barrels of oil.  More »
(Image: Fotolia)

Pipeline trial kicks off as if nasty divorce case

The billion-dollar legal battle among three oil and gas giants – Energy Transfer Partners, Enterprise Products and Enbridge – that went to trial last week sounds like a bitter divorce case, complete with accusations of a lovers’ triangle.  More »
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

BP digs in as last leg of Gulf oil spill trial approaches

The legal clash over the 2010 Gulf of Mexico oil spill is entering a key chapter that could give BP an idea of just how large a hole the disaster will burn in its wallet.  More »
(Image: Fotolia)

Gas no longer escaping from rig off La. coast

The operator and federal regulators say the flow of natural gas, water and sand has been stopped at a drilling rig off Louisiana’s coast.  More »
The Bushehr nuclear power plant, outside the southern city of Bushehr.. (AP Photo/Vahid Salemi, file)

Schlumberger wraps up business in Iran after loss, US probe

Schlumberger finished shutting down its Iranian business in the second quarter last year after losing $69 million and facing a U.S. probe into its activities in several sanctioned countries, regulatory filings show.  More »
Protesters of the proposed Keystone XL oil pipeline at a rally in Washington, D.C., Nov. 6, 2011. (Puneet Kollipara / the Houston Chronicle)

Keystone report reignites battle over pipeline’s impact

Keystone XL’s political proponents and environmental foes released a wave of responses to the long-awaited federal environmental review that dropped Friday afternoon.  More »
(fotolia)

Report: Lower power reserve margin would be more economic for Texas

Texas should keep a 10.2 percent to 14.1 percent cushion of electric generation capacity, according to a report Friday that will inform and probably intensify a politically charged debate over the future of the state power market.  More »
An LNG vessel enters the Golden Pass Terminal (Guiseppe Barranco/Beaumont Enterprise)

Dramatic shifts underway in Americas energy trade

The rapid growth of U.S. oil and gas production is dramatically changing trade patterns in the region, and next year’s expansion of the Panama Canal likely will prompt even more dramatic shifts, according to a new report from the U.S. Energy Information Administration.  More »
(Photo: Loozrboy/Flickr)

Southcross begins work on $125M pipeline in Eagle Ford

Southcross Energy Partners has started to build a 94-mile pipeline in a natural gas-rich region in the Eagle Ford Shale, a $125 million project expected to begin piping gas later this year.  More »
(Image: Fotolia)

Crews lose control of gas rig off Louisiana coast

Officials say no injuries or pollution have been reported and efforts are underway to stop the flow of gas.  More »
A Canadian Pacific Railway Ltd. train transporting oil leaves Hardisty, Alberta, Canada. (Brett Gundlock/Bloomberg)

Exxon to move Canadian crude by rail amid pipeline shortage

With limited pipeline options to ship oil sands crude out of Canada, Exxon Mobil Corp. plans to move up to 100,000 barrels per day of Canadian oil using a new rail terminal that should be running by 2015, an executive said Thursday.  More »