Houston Chronicle Energy News

Reporting from the daily edition.
(Offshore Technology Conference)

OTC panel to talk big ideas on fifth day of programming

Organizers described the lineup as more like South by Southwest or X-Games than an industry conference.  More »
Russell Ashford welds a stainless steel exhaust pipe for a turbine engine at Turbine Power Technology Monday, Feb. 25, 2013, in Franklin, La. ( Brett Coomer / Houston Chronicle )

Texas manufacturers are blaming oil prices for March’s production slump

Production tumbled into negative territory in March for the first time in nearly two years, pointing to a contraction in factory activity.  More »
(RJ Sangosti/The Denver Post via Getty Images)

Sabine Oil & Gas working to avoid defaulting on its debt

All told, Sabine had $2.82 billion in debt as of March 15, with $326.8 million in cash on hand.  More »
The Polar Pioneer, a drilling rig contracted by Shell for Chukchi Sea exploration in 2015, is transported across the Pacific on the heavy-lift vessel Blue Marlin. (Photo: Vincenzo Floramo / Greenpeace)

Shell’s Arctic drilling plans on track as Obama administration OKs lease sale

The Bureau of Ocean Energy Management says there’s more than four times as much oil in the Arctic’s Chukchi Sea as it previously estimated.  More »
(Diego Giudice/Bloomberg News)

Methane leaks from city pipes have dropped sharply, study finds

The research suggests that advancements in equipment and better maintenance are helping drive down emissions of the potent heat-trapping gas.  More »
(AP Photo/Gerald Herbert, File)

Exxon Mobil starts production at its new deepwater project in the Gulf

Total production of the project is expected to reach about 300 million cubic feet of gas and 3,000 barrels of liquids per day from two wells.  More »
(Apache Corp.)

Apache has pumped almost 1 million barrels of oil from its Egypt fields since November

Apache has already spent $14 million to install production facilities at two fields in Egypt’s Western Desert.  More »
(AP Photo/Williston Herald, Jerry Burnes, File)

Warburg is pumping $500 million into a start-up oil producer

The transaction is only the latest foray of buyout firms into the oil industry, as firms raise billions to take advantage of bargains in the oil patch.  More »
(AP Photo/Matthew Brown, File)

BNSF adds new safety rules for crude oil trains

Under the changes, BNSF is slowing down crude oil trains to 35 mph in cities with more than 100,000 people.  More »
Michael Creel, CEO of Enterprise Products Partners (For Chronicle 100)

Houston pipeline giant says its CEO is stepping down

Enterprise indicated that the decision to retire had come from its current CEO, but did not elaborate on the reasons for the shift.  More »
A sculpture of oil workers decorates a sidewalk in Caracas, Venezuela, Thursday, Oct. 23, 2014. (AP Photo/Ariana Cubillos)

A Houston oil company’s foiled Venezuelan sale is prompting reorganization talk

The company’s stock was down slightly less than a cent in trading Monday — 0.008 or 1.67 percent — to $0.448.  More »
(Jim Gehrz/Minneapolis Star Tribune/MCT)

U.S. crude production sets record in 2014

The shale boom in 2014 fueled the most dramatic rise in U.S. oil production since the government began keeping records more than a century ago.  More »
Photographer: Eddie Seal/Bloomberg

Oil industry to Obama: Stop excluding Atlantic drilling leases

Oil industry leaders on Monday pressed the Obama administration to reverse course and schedule two auctions of drilling rights in the Atlantic, not just the single sale now penciled in for 2021.  More »
(Getty Images)

Cash-strapped oil firms top Moody’s watch list

In the first quarter, a dozen oil companies including Energy XXI’s operating unit, Midstates Petroleum Co. and Halcón Resources Corp. tumbled into credit-rating territory reserved for the most financially unfit firms, according to Moody’s Investors Service.  More »
(Photographer: Eddie Seal, Bloomberg)

Oil rigs fall by lowest number since December

Total rigs drilling for both oil and natural gas fell by 21 to 1,048, with gas rigs down 9 to 233, and miscellaneous rigs unchanged at 2.  More »
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