Houston Chronicle Energy News

Reporting from the daily edition.
Sen. Lisa Murkowski, R-Alaska, speaks during the opening panel discussion of IHS Energy CERAWEEK on Monday, April 20, 2015, in Houston. ( Brett Coomer / Houston Chronicle )

Murkowski pushes to lift oil export ban as part of Iran nuclear bill

Sen. Lisa Murkowski, R-Alaska, is pushing a plan to lift the crude export ban in her latest bid to tie the oil export debate to the Iran nuclear deal.  More »
An LNG tanker. Photographer: Tomohiro Ohsumi/Bloomberg

EIA: The U.S. will be a net natural gas exporter by 2040, even with the most conservative projection

The U.S. could be exporting anywhere between 0.2 trillion cubic feet and 10.3 trillion cubic of liquefied natural gas by 2040, according to the latest government projection.  More »
Iris Smith, right to left, Michael Smith, Sig Cornelius, Charles Reimer, Hiroshi Ozaki, Yuji Kakimi, and Dennis Bonnen breaking ground at the Freeport LNG Liquefaction Project groundbreaking ceremony. (For the Chronicle/Gary Fountain, November 10, 2014)

Massive Freeport LNG project chugs forward with $12.5 billion in its back pocket

Freeport LNG has secured the final piece of financing for its $12.5 billion liquefied natural gas export terminal, placing the company on track to begin producing within three years.  More »
Patrick Pouyanné, CEO of French oil company Total, speaks at the IHS Energy CERAWeek in Houston. (Billy Smith II / Houston Chronicle)

Total’s profit fell 20 percent in first quarter, despite surging production

CEO Patrick Pouyanne said Total is “demonstrating its resilience and profiting from its integrated model” in the face of a 50 percent drop in the average Brent crude oil price over the last year.  More »
(Jim Wilson/The New York Times)

Florida House passes legislation banning fracking bans

Democrats opposed the bill, saying fracking should be banned in Florida because of the potential to contaminate groundwater.  More »
(Michael Stravato/The New York Times)

International LNG import terminals head offshore, EIA says

The floating regasification facilities can be developed more quickly than onshore facilities of comparable size and can be moved around to serve other areas once larger projects are in place.  More »
(Matthew Lloyd/Bloomberg)

BP says oil spill bill over $2 billion would be “severe”

Any fine above $2 billion against BP for the Deepwater Horizon disaster would be “extraordinary and severe,” double the highest-ever U.S. water-pollution fine and potentially crippling its American oil business, BP said in court documents.  More »
Arthur Perales III works on a gear reducer at the Weatherford rod-pump manufacturing plant Thursday, June 26, 2014, in Katy. (Brett Coomer/Houston Chronicle)

Texas manufacturing slips again as oil and gas orders disappear

The production index, a key measure of the manufacturing conditions, remained in negative territory for the second month in a row, with 3 out of 10 executives reporting seeing production fall between March and April, according to responses to the Federal Reserve Bank of Dallas’s monthly survey.  More »
(AP file photo/Paul Sakuma)

Gasoline prices jump 11 cents as crude rises

Rebounding crude prices have caused gasoline prices to tick up again, but fuel still remains at its cheapest seasonal level in six years.  More »
A Japanese drumming ensemble welcomes guests as Mitsubishi Heavy Industries Compressor International Corp. opens a new plant in Pearland.

Maker of chemical plant components opens Pearland plant

Mitsubishi Heavy Industries Compressor International Corp. officially opened its $75 million manufacturing plant in Pearland, where it plans to put the finishing touches on compressors and steam turbines supplied to customers in the petrochemical sector.  More »
Raad Alkadiri, Managing Director, Energy Insight, IHS, delivers remarks during "The Future of Geopolitics: Turmoil and Transition" panel on the last day of CERA Week at Hilton Americas-Houston on March 7, 2014, in Houston. (Mayra Beltran/Houston Chronicle)

CERAWeek: MIT professors talk technology

What does a clogged ketchup bottle have to do with oil and gas? More than you might think, said a panel of experts from the Massachusetts Institute of Technology.  More »
A Cabot Oil & Gas Corp. natural gas drilling rig operates in the Marcellus Shale in Pennsylvania. (Cabot Oil)

Cabot’s profits slip 62 percent amid lower oil prices

The Houston-based company said it offset plunging prices by ramping up output in the first quarter.  More »

CERAWeek: Middle East demographics mean big changes for region

HOUSTON — The Middle Eastern dynamic will shift in the next decades as an overwhelmingly young population ages, a panel of international experts told IHS Energy CERAWeek attendees on Friday. The Middle East is already a troubled region. A number of civil wars have destabilized several countries such as Iraq and Syria, and a recent […]  More »
A Linn Energy relief driller loads drill rods onto a rig in Indiana, Pa. (AP file photo/Andrew Rush)

Linn Energy to close Denver office, shed 55 jobs

Linn Energy says it will shutter its Denver office and eliminate 55 positions located there in the latest example of the global crude collapse has forced oil companies to cut back.  More »
(Houston Chronicle: Eric Kayne)

LyondellBasell profits climb 23 percent

LyondellBasell saw first-quarter profits climb 23 percent as it continued to enjoy access to cheap natural gas despite falling crude prices that have dragged down the prices the company fetches for its refined products and chemicals.  More »
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