EnergyWatch

News from the Houston Chronicle energy team
sraeli soldiers kneel during a drill near the Israel and Gaza border, Tuesday. Israeli airstrikes pummeled a wide range of targets in the Gaza Strip on Tuesday as the U.N. chief and the U.S. secretary of state began an intensive effort to end more than two weeks of fighting that has killed hundreds of Palestinians and dozens of Israelis.(AP Photo/Dusan Vranic)

Geopolitical tensions seen keeping oil prices high

U.S. benchmark crude fell 17 cents to $104.42 a barrel.  More »
(Clean Energy Fuels)

Natural gas vote leaves fueling stations without standard

A group of statue regulators failed to agree on a standard for selling liquefied natural gas by its equivalence to a gallon of diesel fuel.  More »
Royalties from oil production on state lands is pushing Texas' Permanent University Fund toward a record $1 billion in annual revenue. (AP Photo/Hasan Jamali)

University Fund gets a boost from Texas oil production

A fund that directs state oil royalties to Texas A&M and the University of Texas is approaching $1 billion in revenue for this year.  More »
(AP Photo/Lynne Sladky)

Chevron’s $1.4 billion base oil facility comes online in Mississippi

Chevron Corp. has begun production of motor oil and industrial equipment lubricants at a $1.4 billion facility in Pascagoula, Miss.  More »
Halliburton workers are shown at a natural gas drilling site near Ponder, Texas. (Donna McWilliam/AP)

North American production bolsters Halliburton profits 21 percent

Halliburton cleared a 21 percent profit boost in the second quarter as demand for oil production equipment climbed in North America and drills kept spinning in the eastern hemisphere, the company said Monday.  More »
(stockyimages)

TETRA’s gas compression arm to make $825M acquisition

A unit of TETRA Technologies said Sunday it will pay $825 million for a West Texas firm that owns one of the largest fleets of natural gas compressors in the nation.  More »
(Image: Fotolia)

Case shows perils of standard language in non-binding deals

A lawsuit over a pipeline dispute could affect how companies draw up documents for preliminary partnership agreements.  More »
(Andrey Rudakov/Bloomberg)

Shell, Exxon Mobil employees aboard downed flight

Employees of Royal Dutch Shell and Exxon Mobil Corp. were aboard the Maylasia Airlines flight that crashed in eastern Ukraine Thursday.  More »
Schlumberger CEO Paal Kibsgaard (credit: Schlumberger)

Schlumberger reports profit drop amid overall sales growth

Schlumberger’s profit fell 24 percent in the second quarter despite a revenue increase.  More »
A woman walks outside the TNK-BP headquarters in Moscow, Russia, Thursday, Oct. 18, 2012. (AP Photo/Mikhail Metzel)

BP likely to be unscratched by Rosneft sanctions, analysts say

Investors wiped out as much as $4.4 billion from BP’s market value Thursday after a new round of U.S. sanctions on Russia was announced, but it’s not clear the sanctions will impact the company at all.  More »
The Baker Hughes research and development building in Tomball, Texas. (Todd Spoth/For the Chronicle)

Baker Hughes earnings up 47 percent

Oilfield service company Baker Hughes’ profits rose 47 percent in the second quarter amid unprecedented demand for its services in North America, the company said Thursday morning.  More »
The Deely power plant (Photo: CSP Energy)

Feds predict slowdown in annual power plant growth

The U.S. Energy Information Administration forecasts the U.S. will build 351 gigawatts of new electric generation capacity — enough to power xxx homes — by 2040.  More »