EnergyWatch

News from the Houston Chronicle energy team
(AP Photo/Charles Krupa)

Boston protesters rally against Kinder Morgan gas pipeline

The protest, attended by hundreds of supporters, was the culmination of a month-long “rolling rally” that marched through towns likely impacted by Kinder Morgan’s proposed 250-mile long pipeline expansion in Berkshire, Worcester and Franklin counties.  More »
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Pemex to buy U.S. natural gas via a Swiss trading house

A subsidiary of Petroleos Mexicanos will form a joint venture with Geneva-based Mercuria Energy Group Ltd. to handle the gas and will aim to be one of the five largest participants in the North American natural gas market.  More »
Exxon

Exxon Mobil restarts Pegasus pipeline in Texas

Exxon Mobil has restarted a section of its Pegasus pipeline in Texas more than a year after a crude oil spill in central Arkansas forced the company to shut down the entire line, a spokesman said.  More »
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Tesoro reports slight drop in earnings

The company’s net income fell to $224 million, or $1.70 a share, compared with $227 million, or $1.64 a share, for the second quarter of 2013.  More »
(Image: Fotolia)

Feds: BP can’t dismiss lawsuits by blaming drilling moratorium

The Justice Department has joined a fight against BP’s efforts at dismissing lawsuits by deep-water drillers and oil-field service firms alleging damages from the 2010 Gulf of Mexico oil spill.  More »
New York Gov. Andrew Cuomo. (AP Photo/Richard Drew)

Winemakers want NY to deny gas storage permit

Opponents of Houston-based Crestwood Midstream’s project said at a news conference in Albany that it would endanger drinking water, the local economy and the region’s wine and tourism industry.  More »
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ConocoPhillips closes $1.5 billion sale of upstream Nigerian assets

ConocoPhillips has completed the $1.5 billion sale of its Nigerian upstream business to Lagos, Nigeria-based Oando Energy Resources, the company said Wednesday.  More »
This March 9, 2010 file photo shows a tanker truck passing the Chevron oil refinery in Richmond, Calif.  (AP Photo/Paul Sakuma, File)

Chevron gets approval for $1 Billion Calif. refinery project

Chevron must meet several conditions imposed by the Richmond planning commission while installing a new hydrogen plant at its complex, including limits on sulfur processing and emissions.  More »
TOTAL S. A. CEO Christophe de Margerie speaks at the IHS CERAWeek energy conference in Houston on March 4, 2014. (Mayra Beltran/Houston Chronicle)

Total pledges cost cuts after record-low output hurts profit

Total is counting on new projects to increase its oil production to 2.6 million barrels a day in 2015 and to about 3 million barrels two years later.  More »
The Valero Three Rivers Refinery in Three Rivers, Texas between San Antonio and Corpus Christi refines a lot of oil from the Eagle Ford Shale. (San Antonio Express News/John Davenport)

Valero earnings up on increased volumes

The crude oil that Valero made into fuels averaged 2.7 million barrels a day, an increase of 115,000 barrels a day compared with the second quarter of 2013.  More »
(Sam Hodgson/Bloomberg)

Direct Energy buys residential solar company

Houston-based retail electric provider Direct Energy will buy a residential solar installer for $54 million, the company announced, marking its entrance into the U.S. residential solar market.  More »
(Photo: Flickr, Caston_Corporate)

Private equity, foreign buyers return to U.S. oil and gas deals

U.S. oil and gas deals jumped nearly 40 percent in combined value in the second quarter as a foreign buyers and private equity firms returned to the sales block to snap up oil-soaked shale.  More »