EnergyWatch

News from the Houston Chronicle energy team
Dave Washington, left, Bobbie Thompson, and Kevin Hyde, United Steel Workers Local 13-227 members, employed by LyondellBasell Industries Houston, hold a strike claiming unfair labor practices at the oil refinery plant Monday, Feb. 2, 2015, in Pasadena, Texas. (Gary Coronado/Houston Chronicle)

Some contractors (unionized) not so bad, Steelworkers say

The leaders of the United Steelworkers union and the North America’s Building Trades Unions issued a joint statement Wednesday to clarify the scope of contractor responsibilities at the nation’s refineries and chemical plants.  More »
Photographer: Andrew Harrer/Bloomberg

Yellen says oil price means inflation will fall before it rises

The Fed chair reiterated that she expects the drag on inflation “will be transitory.”  More »
(Photo by Joe Raedle/Getty Images)

EIA: U.S. crude inventories grow again

The inventory report included a number of figures that have worried analysts in the past.  More »
Members of national guard patrol a supermarket in Caracas, on February 3, 2015. President Nicolas Maduro, whose country faces severe economic crisis and shortages, ordered a Venezuelan chain be taken over Tuesday and its proprietors detained for inciting "a food war against the people."AFP   PHOTO/JUAN BARRETO        (Photo credit should read JUAN BARRETO/AFP/Getty Images)

Tissue paper-for-Venezuelan oil swap offered by Trinidad

Venezuela, plagued with shortages of basic goods, was offered a reprieve by the Prime Minister of neighboring Trinidad and Tobago: exchange oil for tissue paper. Prime Minister Kamla Persad-Bissessar suggested an oil-for-tissue swap in a news conference Tuesday following a meeting in Port of Spain with Venezuelan President Nicolas Maduro. She said the deal would […]  More »
(AP Photo)

Dynegy scraps California sales

On Tuesday, the company reported a net loss of $104 million in the fourth quarter of 2014. It had a $91 million loss during the same period a year ago.  More »
(AP file photo/John Moore)

Oil demand seen rising by Saudi’s al-Naimi as markets calm

Brent crude futures, a benchmark for more than half of the world’s oil, gained 3.6 percent this year, after plunging 48 percent in 2014.  More »
(AP file photo/George Osodi)

Nigeria suffers ‘substantial’ revenue loss as oil prices fall

The continent’s largest economy has been hit by the halving in Brent crude prices since the middle of last year as the West African nation prepares for presidential elections next month.  More »
(AP Photo/Dado Galdieri, File)

Oil boom’s end threatens pain for much of Latin America

Upheaval is taking place across much of Latin America, where oil prices have fallen by nearly half since September, threatening to pull the rug out from under a decade-long economic boom.  More »
An aerial view of the Cameron LNG terminal in Hackberry, La. Sempra Energy is the majority owner of Cameron LNG. (Photo: Cameron LNG)

Cameron LNG applies for approval of project expansion

The project is among several proposals to tap into ample supplies of gas from shale rock in the U.S. and an extensive pipeline network to meet demand from Japan, South Korea and other LNG importers.  More »
Robert Phillips, CEO of Crestwood Midstream Partners

Crestwood Equity Partners to cut jobs

The CEO of Crestwood Equity Partners told investors Tuesday the company will ax an undisclosed number of jobs as part of a effort to save $25 million to $30 million in the first half of the year as it deals with the aftereffects of falling oil prices.  More »
Dynegy CEO Robert Flexon is at the company's commercial desk. (Photo/James Nielsen)

Dynegy reports $104 million loss for fourth quarter

Dynegy reported a larger fourth-quarter loss than in 2013, but a lower net loss for the full year.  More »
A worker walks through Lyondell Chemical's complex  in Channelview, Texas. (AP fiel photo/David J. Phillip)

LyondellBasell announces CFO’s departure

Chemical maker LyondellBasell said Tuesday it will part ways with chief financial officer Karyn Ovelmen.  More »
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. BHP Billiton, the world’s biggest mining company. (Ian Waldie/Bloomberg)

BHP Billiton’s profits have fallen by almost half

BHP Billiton, the Australian energy giant with a major presence in Texas, reported that its profits were down 47 percent  More »
Permian Basin Oil Boom 51 jl

Halliburton exec: “Boom town” costs falling amid oil slump

The service costs associated with housing and feeding employees in remote locations like the Permian Basin in West Texas and the Bakken Shale in North Dakota typically skyrocket in boom times, Halliburton President Jeff Miller said.  More »
Oil Boom Shifts The Landscape Of Rural North Dakota

Texas producers paid record amont of state and local taxes last year

The figures come at a time when the energy sector is dramatically slowing its activity in Texas amid falling oil prices, prompting some concern about whether public entities that have grown accustomed to oil money could feel the pinch as production slows.  More »