Houston Chronicle Energy News

Reporting from the daily edition.

Occidental picks up holdings in Texas

Occidental Petroleum Corp., the largest onshore crude producer in the continental U.S., said Friday that it has agreed to pay $3.2 billion to expand oil and natural gas holdings in Texas and North Dakota as it announced a separate deal to exit Argentin…  More »

Occidental picks up holdings in Texas

Occidental Petroleum Corp., the largest onshore crude producer in the continental U.S., said Friday that it has agreed to pay $3.2 billion to expand oil and natural gas holdings in Texas and North Dakota as it announced a separate deal to exit Argentin…  More »

S. Texas man among seven indicted in BP claims scam

A South Texas man has become the first person indicted by a Houston federal grand jury on accusations of defrauding a trust fund set up to compensate victims of the Deepwater Horizon oil spill disaster in the Gulf of Mexico.Sergio Corona, 36, of Rancho…  More »

U.S. gas pump prices near average $3 a gallon

NEW YORK — The average price of a gallon of gasoline this week continued to march steadily to $3 a gallon. In some parts of the country, it’s above that already. Today the average price of a gallon of regular across the U.S. was almost $2.98, accordi…  More »
(Photo: Vittis M./Flickr)

Cloudy predictions on climate change

One big uncertainty in climate change is whether a warming world will change how clouds regulate temperature. A Texas A&M University scientist has produced some of the first data to address this question, but some are skeptical of his work. (Photo: Vittis M./Flickr)  More »
The existing Keystone oil pipeline is constructed in North Dakota.   (Photo courtesy of TransCanada)

TransCanada forced to check oil pipeline for faulty steel

The company is digging up 10 sections of its new, $5.2 billion Keystone pipeline after government-ordered tests identified possibly defective steel that may have been used in its construction. (Photo: TransCanada)  More »
drowning_in_oil

BP has a deadly history

The following is an excerpt from Drowning in Oil: BP and the Reckless Pursuit of Profit by Houston Chronicle business columnist Loren Steffy and published this month by McGraw-Hill.  More »
electric_Power_pole

Judges propose lower CenterPoint rate hike

Two administrative law judges in Austin suggested that Houston area’s electric power distribution company increase rates by $26 million instead of the $110 million it wants. The state Public Utility Commission plans to consider the issue in January.  More »

Investigator says he can touch a nerve at spill hearing

Lawyers for BP and Transocean, who have spent much of the past eight months in conflict over blame for the deadly Deepwater Horizon accident, found themselves briefly on the same side Thursday as they objected to persistent questioning from a Coast Gua…  More »

Texas gas prices rise about a dime in rebound

IRVING — Rebounding crude oil prices translated into rebounding retail gasoline prices across the state and the nation this week.The weekly AAA Texas gasoline price survey shows the average price of a gallon of regular unleaded in Texas shot up b…  More »

Natural gas price dips, but the trend is going higher

You can blame the rising price of natural gas on cold weather and Christmas lights. Natural gas has risen about 5 percent since the first of the month, as cold air and snow poured across much of the country. Forecasts say the cold will continue for at …  More »
(Image: Mike Edwards)

Poll: Most Californians support plan for a carbon-trading market

Next week, state regulators are expected to approve a cap-and-trade system that would set an annual limit on greenhouse gas emissions and force companies to buy permits to release those gases. (Image: Mike Edwards)  More »
(AP Photo)

Environmental rule expected to delay offshore drilling

The Obama administration will require environmental studies before approving any deep-water wells – a new regulatory hurdle that virtually assures the government will not green-light any of those projects soon. (AP Photo)  More »

Wind, solar backers take their case to Congress

WASHINGTON — Supporters of wind and solar energy urged Congress on Wednesday to renew a federal grant program credited with jump-starting renewable power projects nationwide. The incentive program is set to expire at month’s end unless Congress acts …  More »
drowning_in_oil

BP has a history of ‘flying close to the wind’

The following is an excerpt from Drowning in Oil: BP and the Reckless Pursuit of Profit by Houston Chronicle business columnist Loren Steffy, published this month by McGraw-Hill.  More »