EnergyWatch

News from the Houston Chronicle energy team
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |12.27.10|

Statoil struts, ATP eyes Israel, same old result for Khodo. (Photo: David Ohmer/Flickr)  More »
gas drilling penn

EOG and Newfield scrap deal in Marcellus shale

The Houston oil and gas firms “mutally agreed” to terminate deal in which Newfield would have paid $405 million for 50,000 acres in Bradford County, Pennsylvania.  More »
(Victor Dubreuil)

Oil tops $90 for first time in more than two years

Benchmark crude closed at $90.48 a barrel, as traders responded to lower stockpiles and upbeat economic reports. (Painting: Victor Dubreuil, c. 1897)  More »

KBR pays $292 million for unit of Elgin National Industries

Under the deal, KBR agreed to pay $280 million, plus working capital of $12 million, for a company it says will expand its services across several commodity markets.  More »
Nigeria_map

Halliburton to pay $35 million to settle Nigeria charges

Under the deal, all charges and lawsuits against KBR, Halliburton and company officials will be dropped, and Nigerian officials have agreed not to pursue any further claims or charges related to allegations of bribery tied to a natural gas project in the African nation.  More »
Dana Rohrabacher

WikiLeaks: Congressman touts friend’s biofuels biz in Honduras

U.S. Rep. Dana Rohrabacher of California “enthusiastically promoted” a San Diego biofuels firm considering plans to set up operations in the country, State Department documents show. (AP Photo/Gerald Herbert)  More »
GASOLINE PRICES $3

‘Fuel apocalypse’ to come: Gas could top $3.75 by spring, analyst says

Prices will begin to rise early next year amid a surge of money moving into oil futures early next year, bringing the “second fuel price apocalypse of the 21st century,” oil analyst Tom Kloza writes. (AP Photo/David Zalubowski)  More »
Dick Cheney

Nigeria drops charges against Halliburton, Cheney

Halliburton confirms bribery charges were dropped, but a spokesman for former U.S. Sec. of State James Baker denies press reports saying a settlement deal was brokered with the help of the famed Houston diplomat and former President George H.W. Bush.  More »
The mobile offshore drilling unit Development Driller III at the Deepwater Horizon site on May 7, 2010. (U.S. Coast Guard file photo)

Judge tells Transocean to turn over rig safety data

Joint Coast Guard/Bureau of Ocean Energy Management panel will get safety documents on all Transocean Gulf of Mexico drilling rigs. (U.S. Coast Guard photo by Petty Officer 3rd Class Patrick Kelley)  More »
Valero Port Arthur refinery

Refining outlook: Slightly less bleak than a year ago

Refiners, though they closed several plants during the downturn, still need to eliminate 1 million to 2 million barrels of processing capacity in order to achieve long-term profitability, Deloitte says.  More »
court_gavel

Former Lyondell worker pleads not guilty in trading scheme

Jon Barnes, a former Marine Chartering Manager at the refiner, entered a not guilty plea to allegations he took part in a kickback operation that cost his company up to $80 million.  More »
(Photo: David Paul Ohmer/Flickr)

FuelFix Newslinks |12.17.10|

Chevron’s really Big Foot. Hugo’s looooves China. Will Ghana escape the curse? (Photo: David Ohmer/Flickr)  More »