EnergyWatch

News from the Houston Chronicle energy team
(AP file photo/John Moore)

Saudi crude exports in January reached highest in 11 months

The growth in January exports coincided with a 7.6 percent slide in the Brent crude price that month, signaling that cheaper oil may be stimulating demand amid a global surplus.  More »
(Photographer: Eddie Seal, Bloomberg)

Report: Oil firms’ rising debts add downward price pressure

Debts owed by energy firms have more than doubled since 2006, the Bank for International Settlements said in a report on Wednesday, following similar comments last month.  More »
At the Motiva Port Arthur refinery on Saturday, Feb. 21, 2015.  (Mike Tobias/The Enterprise)

Striking Motiva workers approve contract

Employees could go back to work as soon as Monday, said Garrett Ozment, a union representative and machinist at the refinery, which is the nation’s largest.  More »
FRACKING WELL 01 JL

Carbo Ceramics cuts jobs, dividend as oil plunges

The Houston firm, which makes ceramic proppant used in hydraulic fracturing, didn’t say how many jobs would be cut.  More »
(AP Photo/Hasan Jamali)

Dragon Oil gets buyout approach from Emirates National Oil

Emirates National has been seeking new oil supplies. Dragon produced an average of 78,790 barrels of oil a day last year with sales of $1.09 billion.  More »
July 16, 2013,  workers at the crash site of the train derailment and fire in Lac-Megantic, Quebec. The July 6, 2013 derailment left 47 people dead.  (AP Photo/Ryan Remiorz, Pool)

Canada safety board says tank car standards needed sooner

A new standard was enacted in Canada after a fiery derailment in July, 2013 in the center of Lac-Megantic, Quebec, killed 47 people, but oil trains meeting the new standard continue to derail and catch fire throughout North America.  More »
North Carolina Gov. Pat McCrory signed the state's new hydraulic fracturing rules into law Monday night. (AP Photo/The Fayetteville Observer, Andrew Craft, File)

Fracking law opens North Carolina to drilling

The set of 120 rules that govern issues including well construction, water testing and buffer zones was developed by the state Mining and Energy Commission over nearly two years and approved in December by a separate state panel.  More »
Photographer: Daniel Acker/Bloomberg

Oil production falling in three big shale plays, EIA says

Crude production at three major U.S. shale oil fields is projected to fall this month for the first time in six years, the U.S. Energy Information Administration said Tuesday.  More »
Iranian President Hassan Rouhani pauses before delivering the country's draft budget to the parliament speaker at the parliament in Tehran, Iran, Sunday, Dec. 7, 2014. (AP Photo/Vahid Salemi)

Iran producing more natural gas from field shared with Qatar

During a ceremony marking inauguration of the expansion project, President Hassan Rouhani claimed the increased gas production proved Western sanctions were ineffective.  More »
(Photo by Eddie Seal for Bloomberg News)

Tourmaline hunts for energy deals as rivals dump assets

Tourmaline is growing as peers shed assets and reduce dividends with U.S. crude hovering below $50 a barrel.  More »
(Kristian Helgesen/Bloomberg)

North Sea oil industry under siege seeks U.K. tax cuts

The picture for North Sea today is grim. Production is less than half its peak in the 1990s, when the U.K. was a leading oil and gas exporter, giving the government billions in taxes to spend.  More »
Striking United Steelworker Union members picketing outside the the Shell Deer Park Refinery Sunday, Feb. 1, 2015, in Deer Park.

( James Nielsen / Houston Chronicle )

Workers in refinery strike still off the job

Local issues must be worked out and a contract ratified at each facility before employees return to work.  More »
(AP file photo/John Moore)

Saudi oil adviser says strengthening demand will lift prices

Prices have stopped falling at about $60 a barrel as expanding demand helps contain the global glut.  More »
(Getty)

Norway has an $18 billion plan to shift away from oil

Western Europe’s biggest crude producer is facing what central bank Governor Oeystein Olsen calls a “period of restructuring” amid plunging oil prices.  More »
Photographer: Jean-Pierre Pingoud/Bloomberg News

Oil slumps to six-year low as U.S. production seen filling tanks

Oil slumped for a fourth week after government data showed U.S. output and stockpiles expanded to the highest levels in more than three decades.  More »