EnergyWatch

News from the Houston Chronicle energy team
(Photo: Gerald Herbert/AP)

U.S. drillers shift oil rigs to tap most reliable fields

The oil-rig count has fallen from a peak of 1,609 on Oct. 10 as companies slow drilling in response to a 26 percent slide in crude prices over the past four months.  More »
oil and gas by rail

Keystone left behind as Canadian oil pours into U.S.

The expansion shows Canadians are finding alternative entry points into the U.S. while the Keystone saga drags on.  More »
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Halliburton goes hostile in attempt to buy Baker Hughes

Merger talks between oil field services giants Halliburton and Baker Hughes took a hostile turn Friday, as the larger Halliburton made an 11th-hour move to replace the board of its smaller rival and takeover target.  More »
A Baker Hughes Inc. drilling bit is displayed at the Hart Energy DUG Eagle Ford Shale conference in San Antonio, Texas, U.S., on Wednesday, Sept. 18, 2013.  (Eddie Seal/Bloomberg)

Analysts say merger news could spark bidding war for Baker Hughes

News that Baker Hughes is in talks to sell itself to its rival Halliburton could spark a bidding war among several oil-field players including GE and Schlumberger.  More »
(Karen BLEIER/FILESKAREN BLEIER/AFP/Getty Images)

Microsoft passes Exxon as 2nd most valuable co.

Exxon’s shares have been falling recently, along with the price of oil.  More »
(Tom Reel/San Antonio Express-News)

Eagle Ford trial settled

More than half of the trust’s beneficiaries had sued JPMorgan for more than $415 million in damages, alleging that the nation’s largest bank had cut sweetheart deals with some of its commercial clients for the mineral rights.  More »
In this Wednesday, Jan. 8, 2014,  file photo, homes are covered in snow and ice in Chicago (AP Photo/Kiichiro Sato, File)

EIA: Natural gas storage inventories rebounding

Natural gas inventories rose by 40 billion cubic feet last week, extending a long run of higher-than-average storage injections, the U.S. Energy Information said today in a weekly report.  More »
(AP Photo/Log Cabin Democrat, Courtney Spradlin)

Exxon Mobil denies making spill papers secret

Plaintiffs in the case are asking a federal judge to force Exxon Mobil to prove that the information in hundreds of thousands of maintenance and repair documents on the pipeline need to be kept secret.  More »
(Johnny Hanson /Houston Chronicle file photo)

Public Utility Commission ruling allows transmission line to move forward

Houston-based CenterPoint Energy had argued the 130-mile line was critical to ensuring the long-term access to reliable electricity in the Houston region.  More »
William Transier (Endeavor)

Endeavour International boss to relinquish CEO post

Endeavour International, a Houston oil explorer that has filed for bankruptcy protection, says its top boss William Transier will relinquish his role as CEO and president next month.  More »
Vladimir Putin, Russia's president. (Andrey Rudakov/Bloomberg)

Putin says Russia preparing for “catastrophic” oil slump

Russia is struggling under the weight of a plummeting ruble and sanctions imposed over the conflict in Ukraine.  More »
Abdalla El-Badri, general secretary of the Organization of Petroleum Exporting Countries (OPEC), speaks during the Oil & Money 2013. (Chris Ratcliffe/Bloomberg)

Brent rises amid speculation OPEC will react to oil price

Oil has collapsed into a bear market as leading members of the Organization of Petroleum Exporting Countries resisted calls to cut production and U.S. shale boom lifted output to the highest level in three decades.  More »
A Gunnison Sage Grouse. (AP Photo/Colorado Parks and Wildlife, Dave Showalter)

Endangered animals, environmental groups among industry’s biggest foes in 2014

The sage-grouse was just one of several unique species in the way of oil and gas development in protected areas this year.  More »
(AP Photo/Gerald Herbert, File)

Judge sticks to BP gross negligence ruling

A New Orleans federal judge denied BP’s request for a new trial on a finding that it was grossly negligent in the 2010 Gulf of Mexico oil spill.  More »
Harold and Sue Ann Hamm attends the TIME 100 Gala celebrating TIME'S 100 Most Infuential People In The World at Jazz at Lincoln Center on April 24, 2012 in New York City.  (Photo by Kevin Mazur/WireImage for TIME)

Continental CEO’s ex-wife to appeal $1 billion divorce settlement

Sue Ann Hamm’s settlement was the largest in U.S. history, but could get even bigger.  More »