News from the Houston Chronicle energy team

Poll shows rebounding support for offshore drilling, despite spill

Support for offshore drilling is rebounding, even as oil from the growing spill in the Gulf of Mexico appears headed toward the Florida Keys, according to a new poll by Rasmussen Reports. The survey of 1,000 likely U.S. voters, conducted May 16-17, found that 64 percent believe offshore drilling should be allowed. Twenty-one percent opposed […]  More »

Marathon selling Minnesota downstream assets

Marathon Oil announced today that is has signed a letter of intent to sell most of its Minnesota downstream assets for more than $800 million to investment groups ACON Investments, NTR Partners and TPG Capital. The assets include the 74,000 barrel per day St. Paul Park refinery and terminal, 166 SuperAmerica convenience stores and SuperMom’s […]  More »

Sale of Common Resources complete

Houston-based shale exploration and production company Common Resources announced today that sale of the company for $805 million has been completed. The sale was done in two transactions. EXCO Resources and BG Group bought Common’s Haynesville assets for about $446 million and Talisman Energy bought Common’s Eagle Ford assets for about $359 million.  More »

UT student rolls through Houston in nat gas vehicle to Boston UT grad student Castlen Kennedy is doing her thesis research on natural gas as a transportation fuel. Part of her research is to drive a Chevy Tahoe, converted to use natural gas, from Austin to Boston. It’s being called the Green American Road Trip and is sponsored by Apache Corp., whose CEO G. Steven […]  More »

Onshore drilling is taking a beating, too.

While the Deepwater Horizon accident has focused attention on the perils of offshore drilling, opponents and those simply concerned about onshore exploration haven’t exactly gone away. Up in Dish, Texas, on Tuesday night officials released an updated state report on results of blood and urine samples taken from residents living near Barnett Shale natural gas […]  More »

Chron Energy Newslinks | 05.19.10 | Spill keeps creeping ashore, New Mexico looks at cap-and-trade.

• Gulf oil spill reaches marshlands, could hit Florida keys. • Scientist says NOAA ignores spill findings, punishes dissents. • Government lax on permitting but more drilling inevitable, says Salazar. • Suit says regulators gutted drilling rules without notice. • BP no stranger to tragedy. • An antheist argument for more offshore drilling. • BP’s […]  More »

Iran's impact on oil markets

Oil markets should focus more on events in Iran, blogger Amy Myers Jaffe writes this week, because the country’s politics could have major negative implications for its oil industry and long term bearing on markets. Recent reports that Iran’s Revolutionary Guard Corps had begun assuming a leadership role in the country’s oil sector were shrugged […]  More »

Map of spill, May 19

Spill MAY19 Web  More »

McKay assures skeptical senators BP will pay claims

Even as lawmakers aggressively pushed to raise the legal limit on what BP could be forced to pay for the growing oil spill in the Gulf of Mexico, a company official tried today to assure senators the oil company would pay claims by affected Gulf Coast communities, residents and businesses. According to a report by […]  More »

Environmentalists question Shell's assertions on Arctic drilling

Shell’s bid to convince federal officials about the safety of planned exploratory wells in the Chukchi and Beaufort seas near Alaska aren’t winning over environmentalists who are urging regulators to deny the final approvals necessary for those projects to go forward. In a letter to Minerals Management Service Director Elizabeth Birnbaum, Royal Dutch Shell’s top […]  More »

Groups sue MMS over improper exemption of spill plans

A pair of environmental groups are suing the Department of the Interior and the Minerals Management Service saying a 2008 filing from the MMS that essentially gutted requirements that Gulf drillers provide detailed oil spill response plans was issued illegally and without proper notice. The suit, filed in federal district court in New Orleans (see […]  More »

Obama: Republicans playing "special interest politics" on spill

President Barack Obama today excoriated Senate Republicans for blocking bids to quickly pass legislation that would raise the cap on economic damages that BP might have to pay for the oil spill spreading across the Gulf of Mexico. “This maneuver threatens to leave taxpayers, rather than the oil companies, on the hook for future disasters […]  More »