Houston Chronicle Energy News

Reporting from the daily edition.
Oil Barrels

Brent crude declines as U.S. hits militants in Iraq

However, West Texas Intermediate rose 31 cents to $97.65 a barrel on the New York Mercantile Exchange.  More »
(Image: Fotolia)

Houston drilling services company launches $110 million IPO

Houston-based drilling services company Independence Contract Drilling Inc. launched its initial public offering this week, seeking $100 million.  More »
Yellow oil barrels

Action in Iraq sends crude prices upward

Oil for September delivery gained 42 cents to settle at $97.34 a barrel on the New York Mercantile Exchange.  More »
The drilling rig Aker Barents in the Barents Sea.  (AP  Photo/Harald Pettersen / Statoil via Scanpix Norway, FILE)

Norway’s Statoil comes up dry at Arctic wells

Statoil said this year’s exploration campaign ended without any commercial discoveries.  More »
Cheniere Energy already is expanding this LNG plant in Louisiana, but federal agencies are in conflict over plans for a Texas facility. (Cheniere Energy)

Feds vs. feds: EPA questions energy agency’s environmental review

The Environmental Protection Agency says another federal agency hasn’t fully addressed how a proposed liquefied natural gas export plant in Corpus Christi might affect air, water and wildlife in the region.  More »
Chevron hired an investment banker to gauge buyer interest in its Hawaiian operations.
(AP Photo/Lynne Sladky)

Report faults Chevron in deadly gas well fire

The Pennsylvania Department of Environmental Protection said that a contract worker with no oil field experience worked on the well, contrary to company policy,  More »
Yellow oil barrels

Gasoline futures rise, crude oil keeps declining

Refineries slowed their operations, pushing gasoline inventories down by the most in four months.  More »
EIA map

New tool maps flood risks at nation’s power plants, refineries

The U.S. Energy Information Administration on Wednesday unveiled a new mapping tool, giving the public its first glimpse into flooding risks at the nation’s power plants, oil refineries, pipelines and other critical energy infrastructure.  More »
The Cushing, Okla., pipeline hub.

Oil falls to 6-month low on refinery outlook

Oil dropped 91 cents, or 0.9 percent, to close at $97.38 a barrel on the New York Mercantile Exchange.  More »
The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

Regulator alleges Houston oil company misled investors

The Securities and Exchange commission on Monday charged independent exploration and production company Houston American Energy Corp. and its CEO with making false claims about the company’s oil reserves.  More »
Yellow oil barrels

Crude rebounds from 6-month low on Middle East tension

Oil for September delivery gained 41 cents to settle at $98.29 a barrel.  More »
LyondellBasell's refinery in Pasadena, purchased Kurdish crude but will no longer do so. (Houston Chronicle: Eric Kayne)

Houston refinery no longer will buy Kurdish crude

Chemical giant LyondellBasell acknowledged past purchases of modest amounts of what it called “Iraqi crudes” to process at its Houston refinery but said future buys have been canceled until the ownership dispute is settled.  More »