EnergyWatch

News from the Houston Chronicle energy team
(AP Photo/Gerald Herbert, File)

Judge sticks to BP gross negligence ruling

A New Orleans federal judge denied BP’s request for a new trial on a finding that it was grossly negligent in the 2010 Gulf of Mexico oil spill.  More »
Harold and Sue Ann Hamm attends the TIME 100 Gala celebrating TIME'S 100 Most Infuential People In The World at Jazz at Lincoln Center on April 24, 2012 in New York City.  (Photo by Kevin Mazur/WireImage for TIME)

Continental CEO’s ex-wife to appeal $1 billion divorce settlement

Sue Ann Hamm’s settlement was the largest in U.S. history, but could get even bigger.  More »
(James Nielsen/Houston Chronicle)

One Halliburton worker dead, two injured in Colorado accident

Halliburton Co. confirmed that one worker died and two were injured during an accident in Colorado Thursday.  More »
California Attorney General Kamala Harris said the state would join the lawsuit brought by a BP whistleblower. (AP Photo/Rich Pedroncelli)

California accuses BP of inflating gas contract

The state sued BP in San Francisco County Superior Court this week.  More »
Workers from Halliburton at a hydraulic fracturing site. (Photo: Johnny Hanson/Houston Chronicle file photo)

Halliburton, Baker Hughes in talks for mega deal

Two of the world’s biggest oil field service companies are in talks to fuse their businesses together and end decades of rivalry in a deal that may be valued at more than $20 billion.  More »
(AP file photo/Bob Edme)

Gov’t tells US drivers to get used to cheap gas

In a dramatic shift from previous forecasts, the Energy Department predicted Wednesday that the average price of gasoline in the U.S. will be $2.94 a gallon in 2015. That is a 44-cent drop from an outlook issued just a month ago.  More »
NRG_Solar0619

Veteran lobbyist to lead to lead new NRG Home business

NRG Energy has tapped veteran Washington lobbyist Steve McBee to lead its newly-created NRG Home division.  More »
Exchange-Wildcat Wells

Report: Energy jobs have led economic recovery

The increases in oil and gas industry employment has nearly overtaken the number of all the jobs lost in the last decade, according to a new report  More »
(AFP PHOTO / ALEXANDER KLEINALEXANDER KLEIN/AFP/GettyImages)

Brent extends drop below $80 as OPEC seen resisting cuts

Oil sank into a bear market as leading OPEC members resisted calls to cut production and instead reduced export prices to the U.S.  More »
Saudi Arabian Minister of Petroleum and Mineral Resources Ali Ibrahim al-Naimi. (AFP PHOTO)

Saudis reject talk of OPEC market share war as oil slides

Brent crude futures plunged below $80 yesterday for the first time since September 2010 on concern OPEC is in no hurry to halt a four-month slide in prices.  More »
A protester against fracking attends a rally after a House Committee hearing on hydraulic fracturing legislation at the state Capitol in Springfield, Ill. (AP Photo/Seth Perlman, File)

Residents’ lawsuit targets Illinois fracking rules

Among the allegations is that Illinois’ natural resources regulator didn’t consider scientific studies in its first rules notice, denying the public a chance to address the specific information the agency relied upon to draft the rules.  More »
Phillips 66 saw its profits double as crude prices plummeted. (AP Photo/Lisa Poole, File)

Phillips 66 to sell refining stake in Asia for $635M

Phillips 66 is ending its ties to its refining business in Asia with a deal announced Wednesday to sell its 47-percent stake in a Malaysian refinery for $635 million in cash.  More »
Malaysia's landmark Petronas Twin Towers (TEH ENG KOON/AFP/Getty Images)

Production starts at natural gas development in Malaysia

Startups in Malaysia are expected to add about 60,000 barrels of oil equivalent per day to ConocoPhillips production volumes by 2017.  More »
Yellow oil barrels

Threats to global oil supply still exist, IEA says

The U.S. shale boom masks threats to global oil supply including Middle East turmoil, conflict in Ukraine and the difficulty of unconventional oil production beyond North America, the International Energy Agency said.  More »
(file photo) Mike McConnell, former director of the National Security Agency, speaks at the DNI Open Source Conference , Tuesday, July 17, 2007 in Washington. (AP Photo/Kevin Wolf)

Former NSA chief: Congress must pass cyber laws to protect energy, finance

More than half of the 200 or so cyber-attacks reported to the Department of Homeland Security’s industrial control systems emergency response team have targeted energy companies, and and economic espionage cases have more than doubled in the last 18 months.  More »