EnergyWatch

News from the Houston Chronicle energy team
(StockMonkeys.com)

U.S. Imposes duties on steel pipe imports from South Korea

he U.S. Commerce Department set duties from 9.89 percent to 15.75 percent on Korean pipe, which is used in oil drilling, according to a fact sheet released today by the agency. Last year, pipe worth $818 million was exported to the U.S. from South Korea.  More »
The LNG vessel Dukhan sits moored at the Enagas SA gas storage facility at the port of Barcelona. (Xabier Mikel Laburu/Bloomberg)

Houston LNG startup to sell to Exelon Corp.

A Houston-based startup aiming to export U.S. liquefied natural gas is planning to sell itself to power generator Exelon Corp., the firm’s founder confirmed Friday.  More »
Dallas Cormier, San Diego Gas & Electric Project Manager for Electric Distribution Engineering, holds the unmanned aerial system the company hopes to use for surveys (SDG&E)

Sempra subsidiary is first utility to get FAA drone license

A San Diego utility company say it’s the first utility in the country to get permission from the Federal Aviation Administration to fly a drone.  More »
Steve Ghormley from Freedom CNG and Railroad Commissioner David Porter fuel up a truck at the new CNG fueling station serving Houston Distributing Company near the company's facility on High Life Drive Thursday March 27, 2014.(Dave Rossman photo)

Lawmakers weigh in on debate about natural gas labels

Policymakers are trying to figure out how to measure consumer natural gas fuels.  More »
Iraqi Kurdish forces take position near Taza Khormato as they fight jihadist militants from the Islamic State of Iraq and the Levant (ISIL) positioned five kilometers away in Bashir, 20 kms south of Kirkuk, on June 23, 2014.
(AFP PHOTO/KARIM SAHIBKARIM SAHIB/AFP/Getty Images)

Iraqi Kurds take over 2 northern oil fields

Kurdish security forces took over two major oil fields outside the disputed northern city of Kirkuk before dawn Friday and said they would use some of the production for domestic purposes, escalating a dispute the central government of Prime Minister Nouri al-Maliki.  More »
Halliburton workers are shown at a natural gas drilling site near Ponder, Texas. (Donna McWilliam/AP)

Halliburton bolsters China’s fracking through partnership

Halliburton, the oil field services company with the largest hydraulic fracturing fleet, is exporting the key technology behind the U.S. shale boom to China.  More »
The Chinese flag blows in the wind as hundreds of people walk along the Bund boardwalk by the Huangpu river in Shanghai, China. (Paula Bronstein/MCT)

Oil demand up fastest since 2010 on China, IEA says

Global oil demand will rise at the fastest pace in five years in 2015 as China leads gains in emerging economies, the International Energy Agency said.  More »
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 »