Houston Chronicle Energy News

Reporting from the daily edition.
John Hess, chairman and CEOr of Hess Corp., speaks at the CERAWeek Energy Conference on global energy in Houston. (F. Carter Smith/Bloomberg News)

Hess planning IPO for midstream MLP

Several Hess midstream assets in North Dakota and Minnesota will be part of the offering.  More »
(AP file photo/John Moore)

Saudi Aramco a “force to be reckoned with” in chemical industry

Seven years after the state-owned oil company of the world’s leading crude producing country began its march into petrochemicals, Saudi Aramco now stands to become a key player in global chemicals production, according to a new study by Houston-based energy analysts IHS.  More »
(AP Photo/Luis Cruz Hernandez)

Wyoming wind farm plan hinges on huge Utah caverns

The caverns in central Utah would serve as a kind of massive battery on a scale never before seen, helping to overcome the fact that – even in Wyoming – wind doesn’t blow all the time.  More »
In this Sept. 5, 2014 photo, a soldier patrols from the top of a moving vehicle as residents walk in the street in Ciudad Mier, Tamaulipas state, Mexico. Mexico has sent its soldiers, marines and federal police to bring Tamaulipas state under control, as it prepares to develop rich shale fields along the Gulf Coast, and attract foreign investors.  (AP Photo/Eduardo Verdugo)

Mexican cartels steal billions from oil industry

Figures released by PeMex last week show the gangs are becoming more prolific and sophisticated; this year, illegal taps are up more than one-third from the same time in 2013.  More »
(Photo: Fotolia)

Crude advances after inventories drop to 8-month low

Oil for November delivery gained $1.24 to end at $92.80 a barrel.  More »
Workers stand behind the top of a pump for the hydraulic fracturing process in the Marcellus Shale layer to release natural gas at a site in Claysville, Pa. . (AP Photo/Keith Srakocic, File)

GE to give Penn State $10 million for gas drilling center

The Marcellus Shale in Pennsylvania is the most productive natural gas field in the country and has led to an energy boom in the state.  More »
After five years waiting for U.S. approval the need for Keystone isn’t as urgent for companies such as Suncor Energy Inc.  (Brent Lewin/Bloomberg)

Suncor looks east to find buyers for Western Canada crude

Suncor Energy Inc., the largest Canadian oil company by market capitalization, loaded its first tanker of heavy crude out of Canada’s eastern coast this week  More »
Ex-billionaire Eike Batista (Jonathan Alcorn/Bloomberg)

Brazilian oil tycoon Batista charged with market manipulation

Eike Batista stepped down as chairman of MPX Energia, part of his conglomerate EBX group, in 2013 after its IPO was called off.  More »
(Courtesy of LyondellBasell)

LyondellBasell may expand Channelview plant

The international chemical giant, operated out of Houston, announced Wednesday that it is evaluating an expansion project to potentially boost the Channelview plant’s ethylene capacity by 550 million pounds per year.  More »
U.S. Interior Secretary Sally Jewell.  (Andrew Harrer/Bloomberg)

U.S., California release roadmap for solar projects

“We have amazingly special places here,” U.S. Interior Secretary Sally Jewell said.  More »
Yellow oil barrels

Oil rises on Chinese manufacturing numbers

Crude for November delivery rose 69 cents to $91.56 a barrel on the New York Mercantile Exchange.  More »
Jose Valdez welds a tank at Kerrville-based Fox Tank Co., which which builds steel oil field tanks. (William Luther/San Antonio Express-News)

Shale boom buoys businesses far removed from oilfields

The boom has been most generous to companies working in states with the most oil and gas activity, but the economic boost has also trickled down to steel-makers and machine tool manufacturers based in regions with no production, the report said.  More »
(AP Photo/Nati Harnik, File)

Buckeye Partners opening Port of Albany terminal to Canadian oil sands shipments

The Houston-based MLP said the rebuilt terminal will open this spring and would be ready for rail shipments of tar sands oil by the third quarter of 2014.  More »
(AP Photo/Hasan Jamali, File)

OPEC yet to decide on supply cuts as crude prices extend retreat

OPEC has yet to decide to cut its production target, the United Arab Emirates’ energy minister said, as crude prices extend a slide since June amid a boom in U.S. shale oil and signs of slower demand growth in China.  More »
A lineman at the Houston Ship Channel. LNG company NextDecade is hoping to build an export facility in nearby Galveston to take advantage of the shipping lane. Photo by Lou Vest.

Galveston port sets aside 185 acres for proposed LNG plant

Trustees signed an “option to lease” agreement for the property with a subsidiary of Woodlands-based NextDecade, a privately owned company focused planning to build a $6 billion liquefaction plant on the small island north of Galveston, said Port Director Michael Mierzwa said.  More »