EnergyWatch

News from the Houston Chronicle energy team
Source: Louisiana Offshore Oil Port LLC via Bloomberg

Shale shifting flows at America’s biggest oil port

With domestic production at a 28-year high, LOOP’s managers are thinking the previously unthinkable: They want to reverse the flows and send North American oil out as well as take foreign oil in.  More »
The Occidental Petroleum building in the Westwood district of Los Angeles Thursday, Aug. 11, 2005.  (AP Photo/Reed Saxon)

Oxy names leadership team for California spinoff

Occidental Petroleum Corp. today named two of its executives who will run California Resources Corp., a spinoff company that will focus on oil and gas exploration and production in California.  More »
(AP Photo/Paul Sakuma, File) Sales of premium and mid-grade gasoline have yet to resume at all 500 Greater Houston stations.

Chevron investigates bad gasoline in Houston pumps

Chevron continues to investigate how a bad batch of gasoline ended up in Houston-area pumps, sparking consumer complaints and forcing the company to suspend sales of premium and mid-grade gasoline at 500 local stations for several days.  More »
(StockMonkeys.com)

Houston pay tops nation on oil, gas strength

Houston outpaced every city in the nation in annual wage growth during the second quarter, thanks largely to a generous bump in oil and gas-industry pay, according to PayScale.  More »
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 increases capital budget, approves more buybacks

Refining and midstream giant Phillips 66 announced that it would increase its 2014 capital budget by $1.2 billion this year in order to fund its liquefied petroleum gas project as well as a recent acquisition.  More »
(fotolia)

New “peaking” power units coming to Texas

East Texas-based Navasota Energy plans to build natural-gas fired “peaking” units in Guadalupe and Wilson counties capable of quickly sending power to the Texas grid at times of heavy demand.  More »
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FILE - In this Feb. 28, 2013 file photo, Illinois Department of Natural Resources Director Marc Miller is seen at the state Capitol in Springfield, Ill.  (AP Photo/Seth Perlman, File)

Illinois has hired few workers to oversee fracturing

More than a year after a compromise paved the way for high-volume oil and gas extraction in Illinois, the agency in charge of overseeing the practice has hired just four of 53 new employees it says it needs as it continues working to complete rules drillers must follow.  More »
Tanker cars full of U.S.-produced oil are helping supply East Coast refineries. (AP Photo/Nati Harnik, File)

Rail terminal could bring more Canadian oil to Gulf

The oil industry isn’t waiting on the Keystone Pipeline to build a link between Canadian heavy crude and the Gulf Coast.  More »
Permian Basin oil production growth is concentrated in six formations. (U.S. Energy Information Administration)

Rallying Permian beats anew as heart of Texas oil

The Permian Basin, which helped define the Texas oil business for 50 years then hit the skids, is back big-time, and a new government report makes the point.  More »
A natural gas drilling site in the Barnett Shale. (AP file photo/Donna McWilliam)

Private equity firms merge energy assets to create Barnett operator

Two private equity firms will combine their energy assets to form a new oil and gas operator that will have a big presence in the Barnett Shale.  More »
(AP file photo/Paul Sakuma)

GE in Texas wind farm deal

General Electric’s Energy Financial Services unit and E.ON Climate and Renewables North America are forming an investment partnership to own and operate a Texas wind farm.  More »
Texas regulators will study whether operators of wind generation plants like this one in West Texas should pick up some of the tab for transmitting their power to populated areas. . (Carolyn Mary Bauman /Fort Worth Star-Telegram)

Should wind power blow free through Texas power lines?

The state’s electricity regulator is looking into who should pay for transmission lines that mostly carry wind-generated power.  More »