Houston Chronicle Energy News

Reporting from the daily edition.

Regulators OK Formosa chemical expansion in Point Comfort

Federal and state regulators have cleared the way for Formosa Plastics Corp. to begin construction on a $2 billion expansion of its petrochemical complex in Point Comfort.  More »
Like other new plants under construction in Australia, Chevron's Gorgon LNG project has been plagued by cost overruns and delays, raising questions about the country's future abilities to expand its liquefied gas capacity. (Photo: Chevron)

Cost overruns, delays may hinder future Australian LNG projects

New liquefied natural gas plants under construction in Australia have been plagued by widely reported cost overruns and delays, raising questions about whether the country will be able to continue to expand its liquefied gas capacity after 2018, according to a new report.  More »
Coal is piled near methanol tanks in Xinxiang, Henan province, China. (Doug Kanter/Bloomberg)

Growing Chinese appetite ignites U.S. methanol renaissance

The North American methanol market has accelerated rapidly in recent years as the Chinese throw their money behind new projects to expand North America’s capacity to produce methanol.  More »
(Image: Fotolia)

GDP report helps send crude price up

U.S. gross domestic product grew at a 4.2 percent annualized rate last quarter.  More »

Noble announces Gulf of Mexico discoveries

Noble Energy has found oil and gas at two wells drilled deep in the Gulf of Mexico, the company reported Thursday.  More »
Yellow oil barrels

Gasoline futures fall before Labor Day

West Texas Intermediate crude settled little changed.  More »
Kurdistan needs oil revenue to mobilize its peshmerga fighters in the battle against the Islamic State. (PHOTO: AHMAD AL-RUBAYE/AFP/Getty Images)

Tanker ruling comes at critical time for Kurdistan under siege by militants

A federal judge’s ruling that technically clears the way for a contested tanker of crude to be offloaded in the United States comes at a critical time for Kurdistan, which urgently needs a large infusion of cash to defend itself against Islamist militants.  More »

Crude climbs on strong economic reports

Oil for October delivery increased 51 cents to $93.86 a barrel.  More »
The United Kalavryta, shown here in the Gulf in late July, has not communicated its position since late Monday. (Courtesy: U.S. Coast Guard)

Judge lifts order for seizure of disputed oil from tanker

A judge has lifted an order for marshals to seize disputed crude if it’s brought to U.S. waters from a tanker anchored off Galveston, but it’s unlikely the crude will reach port anytime soon.  More »
Yellow oil barrels

Crude falls on prospects for rising supplies

Oil for October delivery declined 30 cents to close at $93.35 a barrel.  More »
LyondellBasell announced plans to build a new chemical plant on the Gulf Coast. Its Channelview complex makes propylene oxide, styrene monomer and other derivatives.(Courtesy of LyondellBasell)

LyondellBasell plans new chemical plant for Texas Gulf Coast

Houston-based chemical giant LyondellBasell announced plans Monday to build a new chemical plant on the Texas Gulf Coast.  More »
Texas Railroad Commissioner David Porter. (photo courtesy of Texas Railroad Commission)

Feds aren’t protecting pipelines from cartels, Texas regulator says

The feds aren’t doing enough to keep smugglers using pipeline rights-of-way from posing a threat to state inspectors, oil field workers or the pipelines themselves, a state regulator charged Friday.  More »
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