Houston Chronicle Energy News

Reporting from the daily edition.
Memers of theOrganization of the Petroleum States meet Thursday at OPEC headquarters in Vienna. AFP PHOTO/SAMUEL KUBANISAMUEL KUBANI/AFP/Getty Images

Crude drops as OPEC stays course

Crude oil prices fell $5 a barrel Thursday as OPEC ministers meeting in Vienna decided not to cut production.  More »
Yellow oil barrels

Oil falls again on eve of OPEC meeting

West Texas Intermediate for January delivery fell 40 cents to close at $73.69 a barrel on the New York Mercantile Exchange.  More »
Tokyo Gas' LNG Plant/Tanker Images

EPA raises environmental concerns about Corpus Christi LNG

The Environmental Protection Agency said it still has concerns about the impacts Corpus Christi LNG will have on minority neighborhoods and greenhouse gas emissions.  More »
A tall steel tower on board the Cidade de Angra Dos Reis flares natural gas extracted from Petrobras’ Tupi field. (Houston Chronicle)

United States’ SEC subpoenas Brazil’s Petrobras

The subpoena is the latest chapter in a saga about the corruption scandal at Petrobras.  More »
An oil well in North Dakota.  AFP PHOTO / Karen BLEIERKAREN BLEIER/AFP/Getty Images

Oil price slump to force spending cuts, Moody’s says

Independent exploration and production companies are less willing to spend as oil prices hover around $75 per barrel, particularly in risky shale plays or regions outside of the the core, sweet spot acreage, according to the analysis released Tuesday by the ratings agency.  More »
The United Kalavryta, shown here in the Gulf in late July, remains anchored about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Tanker dispute lingers as oil policy negotiations begin in Iraq

As Iraq irons out some of its oil policy differences at home with the Kurdistsan Regional Government, the two remain locked in a dispute in U.S. courts over a tanker of crude that arrived nearly four months ago off Galveston’s coast carrying cargo Iraq claims was stolen.  More »
(Image: Fotolia)

Oil rises again on Chinese interest rates

WTI for January delivery advanced 66 cents to settle at $76.51 a barrel on the New York Mercantile Exchange  More »
(Bill Montgomery/Houston Chronicle)

Phillips 66 Partners teams up to move Bakken crude

The joint ventures will support the construction of a pipeline and rail terminal aimed at providing long-term and cheaper options to transport crude from a region that produces 1.2 million barrels per day of oil.  More »
Yellow oil barrels

Oil price has its first gain in four days

WTI for January delivery, the most-actively traded, rose $1.35, or 1.8 percent, to $75.85 a barrel on the New York Mercantile Exchange.  More »
Most of Israel’s gas is contained in two offshore fields in the Mediterranean Sea: Tamar, seen here, and Leviathan.
 (Albatross via Getty Images)

Noble, partners eye $2 billion upgrade to Israel gas field

The disclosures were made in a report Thursday to the Tel Aviv Stock Exchange.  More »
JAPAN-AVIATION-AIRBUS-ASIA

Report: U.S. airlines stagnate on improving fuel efficiency

The domestic airline industry made no net improvements on fuel efficiencies last year, raising questions about its ability to cut carbon emissions.  More »
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Gasoline prices fall ahead of Thanksgiving travel weekend

Despite some predictions otherwise, gasoline prices continue to fall and appear to be headed even lower as Americans prepare to hit the roads next week to see their families for Thanksgiving.  More »
Maria das Graças Silva Foster, CEO of Petrobras

Petrobras to create department to fight corruption

Around two dozen people including a top company executive, were arrested late last week.  More »
The United Kalavryta, shown here in the Gulf in late July, remains anchored about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Iraq wants tanker dispute to stay in U.S.

Iraq wants an international dispute over a tanker of crude floating for three months off Galveston’s coast to remain in U.S. courts because Kurdistan refuses to resolve the matter on Iraqi soil, according to recent court filings.  More »
(Thomas Shea photo)

Petrochemical construction boom fueling demand for Houston workers

More than 120 petrochemical plants worth $80 billion are slated for construction, or scheduled to open, within the coming years, stoking concerns about a shortage of skilled employees to build and operate the plants once they come online.  More »
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