Houston Chronicle Energy News

Reporting from the daily edition.
Yellow oil barrels

Crude falls after Fed ends asset-purchase program

Oil for December delivery dropped $1.08 to settle at $81.12 a barrel on the New York Mercantile Exchange.  More »
Marathon Oil gas pump (AP Photo/Michael Conroy)

Marathon Petroleum warns against lifting crude export ban as profits triple

Marathon Petroleum Corp. saw its profits triple on the widening price spread between crude and refined products and a record quarter for its convenience store segment.  More »
The Freeport LNG plant on April 9, 2014 at Quintana, TX.(Thomas B. Shea/for the Houston Chronicle)

Freeport LNG announces financing for part of project

Freeport LNG has secured financing for the first of three liquefaction trains proposed for an export terminal in Quintana, Texas, the company announced Wednesday.  More »
Phillips 66 saw its profits double as crude prices plummeted. (AP Photo/Lisa Poole, File)

Phillips 66 profits double on crude price plummet

Plummeting crude prices worldwide doubled Phillips 66′s profits in the third quarter, providing the company with a cheaper feedstock to run its refineries.  More »
Yellow oil barrels

Oil futures rise with consumer confidence report

Oil for December delivery rose 42 cents, or 0.5 percent, to settle at $81.42 a barrel on the New York Mercantile Exchange.  More »
French energy giant Total CEO, Christophe de Margerie addressing reporters during a 2011 press conference in Paris, France. (AP Photo/Christophe Ena, File)

President, French elite honor late Total CEO

Total Chief Executive Christophe de Margerie’s cherubic demeanor made him known and appreciated by many French.  More »
albert chao

Westlake Chemical plans $330 million ethylene expansion

Construction will generate about 1,000 jobs at its peak, the company said.  More »
A worker walks through Lyondell Chemical's complex  in Channelview, Texas. (AP fiel photo/David J. Phillip)

LyondellBasell profits climb 48 percent

The international chemical giant continued to capitalize on cheap raw materials cost while taking advantage of a tight U.S. market for ethylene.  More »
Tillerson1024

Exxon Mobil CEO: Not moving headquarters to Houston

ExxonMobil’s CEO on Thursday dashed Houston’s hopes that the multinational oil and gas giant would relocate its headquarters to Houston, saying he plans to continue to honor the company’s foundational principals to keep separate its executive suites from its operations.  More »
A multibillion-dollar expansion of  Dow Chemical Co's Freeport complex is one of many Gulf Coast petrochemical projects driven partly by low-priced U.S. natural gas.  (Dow Chemical Co. photo)

To solve worker shortage, Dow offers apprenticeships

Dow Chemical expects to hire 60 apprentices, who will receive two to four years of training and on-the-job experience to prepare them for work as chemical process operators, instrumentation and equipment technicians and analyzer technicians.  More »
The Freeport LNG plant on April 9, 2014 at Quintana, TX.(Thomas B. Shea/for the Houston Chronicle)

Freeport LNG widens ship channel

The Port Freeport ship channel will be widened from 400 feet to 600 feet as part of a plan proposed eight years ago when the Freeport facility was envisioned as an import terminal capable of regasifying LNG offloaded from tankers.  More »
Iraqi police officers protecting oil installations secure an oil pipeline from the Rumailah refinery, north of Basra, Iraq. Northern oil fields imperiled by the militants' advance have been shut down, and companies have begun evacuating workers elsewhere in the country. (AP Photo/Nabil al-Jurani, File)

Islamic State fuels terrorist operations with oil production

Oil production has provided the extremist Sunni group with a significant source of revenue, even though the Islamic State produces only a fraction of the oil capacity from the territory it controls and likely sells its oil at a deeply discounted price on the black market.  More »
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