Houston Chronicle Energy News

Reporting from the daily edition.
green appliances

State to add millions to appliance rebate fund

Holiday shoppers hoping to take advantage of the Texas appliance rebate program that starts next Monday now have a bigger pot of money to pick from. The state will add $8.5 million to the $10 million already set aside for the program. (Photo: Eric Kayne/Houston Chronicle)  More »

Texas Commission on Environmental Quality gets an earful from public

Many at panel hearing say the state agency fails to protect them from pollution and urge TCEQ to take a tougher stance.  More »

Federal lawsuit over oil spill could force BP to pay billions

WASHINGTON — The Justice Department on Wednesday sued BP and eight other companies in legal action that could force the firms to pay tens of billions of dollars in fines, cleanup costs and economic damages related to the Gulf of Mexico oil spill….  More »
(Image: John Lloyd/Flickr)

Holiday road trips will cost more at the pump

(Image: John Lloyd/Flickr)  More »

Safety board is new entry in hearings on oil spill

The Chemical Safety Board launches its first hearing on the Deepwater Horizon disaster today with plans to scrutinize the way other countries regulate offshore drilling and to hear firsthand accounts from BP workers.  More »

Dynegy accepts Icahn’s buyout offer

• Read the company’s statement • • • NEW YORK - Billionaire investor Carl Icahn appears to have wrested Dynegy Inc. away from The Blackstone Group, as the Houston power plant operator accepted Icahn’s bid to buy the company for $5.50 per…  More »
Ghana First Oil

Ghana pumps oil for the first time

The impoverished West African nation became the world’s newest oil producer Wednesday, pumping crude for the first time from an offshore field in the Gulf of Guinea worth billions of dollars. (AP Photo/Rebecca Blackwell)  More »

Jury awards damages in trade secrets case

Southwestern Energy Co. could be forced to pay almost $393 million after an East Texas jury sided with plaintiffs who accused a subsidiary of the Houston oil and gas company of profiting from stolen trade secrets. The jury in Shelby County state distr…  More »

Clean water complaint likely to be filed in oil spill

Federal prosecutors are expected to file the civil complaint against BP in a New Orleans federal court today, alleging violations of the Clean Water Act in connection with the Macondo well blowout. (Photo: Valerie Everett/Flickr)  More »

Oil settles lower as Fed stays the course

Crude oil prices settled lower today after the Federal Reserve said the economy is recovering, but not fast enough to bring down unemployment. Benchmark oil lost 33 cents to settle at $88.28 a barrel on the New York Mercantile Exchange. Meanwhile, the …  More »

Fund’s chief offers swift payouts on spill

OCEAN SPRINGS, Miss. — The administrator of a $20 billion fund doling out money to Gulf oil spill victims said Monday that people who want more cash can now get a quick check within two weeks, but there’s a catch: Cashing it means giving up the right…  More »

GE to buy Wellstream for $1.3 billion

LONDON — U.S. conglomerate GE says it is buying British oil and gas services group Wellstream Holdings for $1.3 billion to bolster its energy unit. GE said Monday that Wellstream intends to unanimously recommend the deal to shareholders. The company …  More »

Wind might not take wing because of eagles

APPLE VALLEY, Calif. — Fears that whirling wind turbines could slaughter protected golden eagles have halted progress on a key piece of the federal government’s push to increase renewable energy on public lands, stalling plans for billions of dollars…  More »
Maersk Developer platform in Gulf of Mexico

U.S. issues new guidance for offshore drilling

The information released Monday explains how companies can comply with previously established mandates for testing safety equipment, estimating the potential size of oil spills and other issues. Among other details, it sheds new light on how companies can satisfy a requirement to prove they can quickly contain blown-out underwater wells. (Photo: Helge Hansen/Statoil)  More »

Oil rises as China avoids rate gain

 Crude oil rose the most in a week after China left interest rates unchanged and a report showed the country’s refineries ran at record levels last month, signaling demand will climb in the world’s biggest energy user. Futures gained 0.9 percent a…  More »