Houston Chronicle Energy News

Reporting from the daily edition.
Duke Energy employees work on power lines in Charlotte, N.C.  AP Photo/Chuck Burton, File)

Duke Energy to settle lawsuit over CEO ouster

Bill Johnson’s ouster was “the most blatant example of corporate deceit that I have witnessed during a long career on Wall Street,” John Mullin III, the former lead director of Progress Energy, said at the time.  More »
(Daniel Acker/Bloomberg)

EIA: Eagle Ford production will slow in April

Oil production from the six largest shale plays in the U.S. will hit 5.6 million barrels per day in April, an increase of less than 300 barrels per day over March.  More »
Chevron CEO John S. Watson in Houston in April 2014. (Mayra Beltran/Houston Chronicle)

Chevron to sell $15 billion of assets, cut spending amid price slump

Chevron said it would put about $15 billion of assets up for sale through 2017 — up from a previous $10 billion target — and cut capital spending incrementally to roughly $30 billion in 2017.  More »
Dave Washington, left, Bobbie Thompson, and Kevin Hyde, United Steel Workers Local 13-227 members, employed by LyondellBasell Industries Houston, hold a strike claiming unfair labor practices at the oil refinery plant Monday, Feb. 2, 2015, in Pasadena, Texas. (Gary Coronado/Houston Chronicle)

Fitch: Prolonged refinery strike could affect gasoline supplies

Though the ongoing United Steelworkers strike hasn’t had much impact on the market for refined products yet, it could if the strike continues for much longer, according to a new report by Fitch Ratings.  More »
(Cody Duty/Houston Chronicle)

Union, Shell negotiators meet Monday

No details were released about the progress of the talks on Monday.  More »
apache corp. irion wolfcamp barnhart

Protesters target Apache over Argentine drilling

Apache called the claims “without merit.”  More »
(oilfieldservicesgrandeprairie.com)

Oil tool suppliers cut another 360 jobs in Texas

Baker Hughes led the pack, cutting 191 jobs last month at separate facilities in Kilgore and Snyder, Texas, according to the Texas Workforce Commission. That’s part of the firm’s plan to ax 7,000 jobs in the first quarter.  More »
Jeremy Rediger, a propane delivery driver for Michlig Energy, makes a delivery to a residence outside Annawan, Illinois, U.S., on Thursday, Nov. 20, 2014. Photographer: Daniel Acker/Bloomberg

Low natural gas prices aren’t reaching consumers

The benchmark futures price for natural gas, set at Louisiana’s Henry Hub, has fallen from more than $4 at the end of last year to under $3 currently.  More »
(Jason Alden/Bloomberg)

BP discovers second big natural gas reservoir in Egypt

The British oil giant’s new gas discovery contains more than 5 trillion cubic feet of natural gas equivalent.  More »
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NYMEX group launches new contract aimed at crude hoarders

Producers and middlemen have stashed away record amounts of crude since prices began falling last summer, seeking to save today’s cheap crude for sale at a higher price later on.  More »
A drilling rig in the Utica Shale. (Chesapeake)

Oil rig count falls by 64

The number of rigs searching or drilling for oil fell by 64 to 922, according oil service company Baker Hughes’ weekly count.  More »
A striking United Steelworker Union member picketing outside the the Shell Deer Park Refinery Sunday, Feb. 1, 2015, the fist day of the strike.
( James Nielsen / Houston Chronicle )

Steelworkers strike: More labor board charges filed

Late last month, LyondellBasell also filed an unfair labor practice charge with the NLRB, accusing the Steelworkers union of harassing members who have returned to their jobs.  More »
(Cody Duty / Houston Chronicle)

USW, Shell met Wednesday and will meet again Monday

The next meeting is scheduled for Monday in Houston, according to the union, which added that it is prepared to continue negotiations continuously to get a new labor agreement.  More »
(Melissa Phillip/Houston Chronicle )

Houston’s richest man got richer despite crashing oil prices

Forbes released its list of the richest people in the world Monday, and several of Houston’s billionaires saw their fortunes rise.  More »
Photographer: Daniel Acker/Bloomberg

Magellan Midstream and Plains All American plan crude line from Colorado

Plains and Magellan indicated that the new line would be supported by binding commitments from producers Noble Energy and Anadarko Petroleum Corp.  More »