EnergyWatch

News from the Houston Chronicle energy team
03

Bizarre sea creature caught on Gulf rig camera (video)

Scientists believe they have identified the strange creature spotted on footage from an underwater oil rig camera in the Gulf of Mexico.  More »
Tugboats pull an LNG tanker to Cheniere Energy's Sabine Pass terminal in 2008. (Nick De La Torre / Houston Chronicle)

Cheniere: Revoking high executive payout would be detrimental to company

Cheniere Energy and its executives asked a Delaware court late Monday to throw out a shareholder lawsuit that challenged $1.7 billion in stock awards, including most of CEO Charif Souki’s pay last year.  More »
Kurt Mix (center) arrives at the Hale Boggs Federal Building in New Orleans, Tuesday, Dec. 3, 2013.  (AP Photo/Jonathan Bachman)

Feds want time to decide on retrial for former BP engineer

Prosecutors said Tuesday that deciding whether to appeal Duval’s order will take time and will require involvement of top Justice Department officials.  More »
A pump jack pulls crude oil from the Bakken region of the Northern Plains near Bainville, Mont. (AP Photo/Matthew Brown)

North Dakota oil production surpasses 1 million barrels per day

North Dakota’s oil production surpassed 1 million barrels per day in April for the first time in history, according to preliminary state data released Tuesday.  More »
(Matthew Lloyd/Bloomberg)

BP wins first Defense deal since feds lifted contract ban

BP has secured its first contract with the government’s military arm since the Obama Administration lifted the debarment from federal contracts in March.  More »
(construct/Flickr)

Private equity firm adds $2.5B to energy infrastructure funding

First Reserve has closed on a $2.5 billion fund to back energy infrastructure, more than doubling the capital it had gathered to inject into pipeline, storage and liquefied natural gas projects.  More »
(Image: Fotolia)

IEA: Unconventional oil revolution to spread beyond North America by 2019

The surge in oil and production from unconventional sources will likely spread beyond North America by the end of the decade, according to a study published Tuesday by the International Energy Agency.  More »
Drill pipe sections lie stored near an oil derrick operated by Salym Petroleum in Salym, Russia. Through its existing oilfields, Russia is the world’s largest producer of crude, with daily output of 10 million barrels a day last year, according to the EIA. (Andrey Rudakov/Bloomberg)

Russia needs US tech to unlock $8.2 trillion oil trove

Russia will require Western companies to provide the modern drilling and production gear — and techniques such as hydraulic fracturing — that are essential to unlocking its $8.2 trillion worth of barrels still underground.  More »
(Photo: freegreatpicture.com)

Noble Energy acquires interest in BP Gulf of Mexico leases

Noble Energy Inc. acquired 50 percent of BP’s interest in 17 Gulf of Mexico leases, it announced Monday.  More »
A beachgoer in June 2010 enjoys a morning walk in Pensacola, Fla., as crews work to clean up oil from the Deepwater Horizon spill. Some workers allege they were sickened by chemicals used to clean up the spill. Photo: Billy Smith II / Houston Chronicle

Texas company’s lawsuit accuses BP of breaking spill cleanup contract

Fluor Corp. is taking BP to court over millions in workers’ compensation claims it alleges the London oil company hasn’t repaid for three years, violating a contract that covered Fluor’s litigation costs for cleanup efforts after the Deepwater Horizon disaster.  More »
Cheniere Energy plans is adding LNG export capacity to the existing Sabine Pass import terminal in Louisiana. (Cheniere Energy Inc./Bloomberg)

Cheniere may not have an easy road on compensation lawsuit

Cheniere Energy may face a tough fight al battle over $1.6 billion in compensation investors claim in a lawsuit should be returned.  More »
From left: Louisiana Gov. Bobby Jindal, Texas Gov. Rick Perry, North Dakota Gov. Jack Dalrymple, and Wyoming Gov. Matt Mead speak during the Republican Governors Association media conference held at the Petroleum Club in Houston on Monday. (Melissa Phillip / Houston Chronicle)

Republican governor: Legal action likely against EPA’s ‘dangerous overreach’

Litigation is “on the table” in the Republican fight against the Environmental Protection Agency’s newly proposed rules to dramatically cut states’ carbon emissions by 2030, Louisiana Gov. Bobby Jindal said Monday.  More »