EnergyWatch

News from the Houston Chronicle energy team
An aerial view of the Cameron LNG terminal in Hackberry, La. Sempra Energy is the majority owner of Cameron LNG. (Photo: Cameron LNG)

Companies take a big step toward LNG export plant in Louisiana

Sempra Energy, GDF Suez and other investors have made a final decision to move forward with a liquefied natural gas export plant in Hackberry, La.  More »
Pemex's Yuum K'ak' Naab floating production, storage and offloading vessel works in Mexico's Bay of Campeche. (Susana Gonzalez/Bloomberg)

Mexican lawmakers approve overhaul ending Pemex monopoly

The Mexican Congress has passed legislation aimed at ending state-owned Pemex’s 75-year state monopoly on the energy industry.  More »
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EOG touts its latest Permian play

EOG Resources Inc. executives said Wednesday they’re optimistic about the prospects for the Second Bone Spring Sand, its latest target for drilling, which sits beneath the Leonard Shale in southeast New Mexico.  More »
(AP Photo/Pat Sullivan)

New pipeline to move stranded oil from Eaglebine

An Oklahoma firm is planning a pipeline to carry crude docked at the ancient meeting place of shale and sandstone formations in East Texas to Houston’s oil refining hub.  More »
A Chesapeake Energy storage tank near Dilley, Texas. (Pat Sullivan/AP)

Chesapeake profits down on natural gas glut

Second-quarter net income plunged by more than half compared to a year earlier even as the company cut spending and raised production.  More »
An old Houston power plant could get new energy turning natural gas into oil. (Billy Smith II/Houston Chronicle)

Old power plant site may provide energy again.

An old Houston Lighting & Power generating plant just outside South Loop 610 could get new life turning natural gas into crude oil.  More »
(Johnny Hanson / Houston Chronicle )

Venezuela says Citgo assets worth more than $10 billion

PDVSA is seeking to sell Citgo assets, the U.S. unit said in a July 29 bond prospectus document.  More »
eogLogoPrint

EOG reports rise in production and profit

Second-quarter profit for EOG Resources rose 7 percent, while crude and condensate production increased by a third year-over-year.  More »
(AP Photo/LM Otero)

Pattern Development acquires Texas wind farm development

Pattern Energy Group LP announced Tuesday it had acquired a planned 200 megawatt wind project southwest of Dallas that will sell more than half the power it produces to Wal-Mart.  More »
Cobalt International Energy used the Petroserv SSV Catarina Rig to drill the Lontra #1 discovery well off the coast of Angola.  (Cobalt International Energy)

Cobalt falls after SEC Angola case moves forward

The company said it’s cooperating with the SEC and believes its activities in Angola have complied with all laws.  More »
AP Photo/U.S. Fish and Wildlife Service, Gary Kramer,File)

Grouse measures defer drilling in much of Wyoming

The total area of federal oil and gas leases deferred in Wyoming to protect the greater sage grouse — ahead of next year’s expected decision on whether the bird is a threatened or endangered species — substantially exceeds the combined size of Yellowstone and Grand Teton national parks, U.S. Bureau of Land Management figures show.  More »
Marathon Oil's corporate headquarters in Houston.  (AP file photo/Pat Sullivan)

Marathon Oil earnings up on U.S. oil output

Rising shale oil production pushed Marathon Oil Corp.’s profits up 27 percent in the second quarter as the firm worked to improve its hydraulic fracturing in North America.  More »