EnergyWatch

News from the Houston Chronicle energy team
James Hyerczyk / Flickr

Encana quarterly profit falls 80% on Canadian dollar decline

Encana Corp., Canada’s biggest natural-gas producer, said third-quarter profit declined 80 percent as the decline in the Canadian dollar resulted in currency losses.  More »
Electric DeLorean (Handout photo)

What’s that, McFly? The DeLorean goes electric

The iconic 80s sportscar coveted by Back to the Future fans comes closer to flux capacitor power this month, with DeLorean’s announcement that it’s rolling out a new all-electric model.  More »
OPEN WIDE: Ramp worker Dude Muirhead unloads a Cathay Pacific Cargo aircraft Wednesday at Bush Intercontinental Airport. Air cargo shipments through Houston rose 6.3 percent in the first eight months of 2011 compared with last year. (Mayra Beltran, Houston Chronicle)

Oil equipment helps Houston air cargo soar

Oil prices drive international cargo boom at Bush Intercontinental Airport.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |10.20.11|

The other El Paso deal. Keystone XL change won’t stick. A solar trade war?  More »
A Kinder Morgan Energy Parterns oil terminal along the Houston Ship Channel (Photo: Kinder Morgan)

Kinder Morgan reports lower net income, higher distributions

Oil and natural gas pipeline and storage giant Kinder Morgan Energy Partners said Wednesday its net profit was down 32 percent in the third quarter, but cash distributions to unit holders were up near 5 percent.  More »
The Travis Tower, or 1300 Main, in downtown Houston was purchased by Dallas-based Energy Transfer Partners in August 2011. (Image: Boxer Property)

Energy Transfer buys downtown Houston office building

A Dallas-based pipeline and midstream business has purchased a 21-story downtown Houston office building.  More »
Enterprise Products Mont Belvieu complex (Dave Rossman/For the Houston Chronicle)

Shale boom leads Enterprise to add NGL capacity

Enterprise Products Partners launched a new natural gas liquids fractionator and plans a sixth at Mont Belvieu complex, responding to growing demand for ethane from Gulf Coast petrochemical companies.  More »
(Photo: Ryan Hyde/Flickr)

Green gains in importance to manufacturers, survey says

Almost two-thirds of manufacturers say energy conservation and other green practices are important to their businesses, according to a trade association survey.  More »
(Associated Press)

Energy ministers: Demand, pollution to skyrocket

Energy demand will skyrocket in the coming decades and much of it will be met with fossil fuels, increasing risks of pollution and global warming, a group of energy ministers warned Wednesday.  More »
A sign at the entrance to the Schlumberger campus in Sugar Land, Texas (AP Photo/Pat Sullivan, file)

Schlumberger gets Carrizo Field production contract from Pemex

Schlumberger, the world’s largest oilfield-services provider, won the right to drill an oil field offered by Petroleos Mexicanos in the first round of performance contracts after the original winner was dropped.  More »
Patterson-UTI Energy driller Troy Stewart works on a gas drilling rig at El Paso Corp.'s Holly Field drilling site Tuesday, Oct. 6, 2009, in Grand Cane. (James Nielsen/Houston Chronicle)

The other El Paso deal… selling off the E&P

Kinder Morgan officials said they won’t go forward with plans to spin-off El Paso Corp.’s exploration and production business, opting to sell it off instead.  More »
(AP Photo/Keith Srakocic)

Driller OK to halt water to Pennsylvania town

ALLENTOWN, Pa. — Pennsylvania environmental regulators announced Wednesday they have given permission to a natural-gas driller to stop delivering replacement water to residents whose drinking water wells were tainted with methane. Cabot Oil & Gas Corp. has been delivering water to homes in the northeast village of Dimock since January of 2009. The Houston-based energy […]  More »
Oil workers at the West Qurna Phase 2 field in the Basra region of Iraq in 2010.  (AP file photo/Nabil al-Jourani)

Iraq to pass energy law, respect all contracts, advisers say

Iraq to Pass Energy Law, Respect All Contracts, Advisers Say (  More »
A drilling rig aims for oil in the Bakken Shale near Watford City, N.D. (AP Photo/James MacPherson)

Bakken turns Oasis into target as fracking costs slide

Buyers looking to extract the best deals from Bakken shale oil may turn to Oasis Petroleum Inc. and Whiting Petroleum Corp. as the cost to find and produce a barrel of crude soars.  More »
capitol building

Kinder/El Paso deal gives nod to gas despite political uncertainty

Kinder Morgan/El Paso deal doubles down on natural gas despite the legislative headwinds in Congress.  More »