Houston Chronicle Energy News

Reporting from the daily edition.

Iraqi oil minister says OPEC might meet before June

 The Organization of the Petroleum Exporting Countries may meet before its next regularly scheduled gathering in June, Iraqi Oil Minister Abdul Kareem al-Luaibi said today. He also said he is “happy” with the current price of oil and that Iraq’s o…  More »

Exxon Mobil has Petrohawk deal

Exxon Mobil Corp. has agreed to pay $650 million for Petrohawk Energy Corp.’s natural gas wells and pipelines in the Fayetteville Shale, its second shale purchase this year. The sale of the wells, valued at $575 million, is complete and has an Oct. 1 e…  More »

Letter adds to oil spill dispute over conflicts of interest

A federal agency investigating the Deepwater Horizon disaster said Thursday that conflicts of interest are compromising the integrity of a test of key safety equipment. The chairman of the Chemical Safety Board, Rafael Moure-Eraso, complained that firm…  More »
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EPA takes over Texas pollution permits

The U.S. EPA’s move today taking away from state regulators the permitting process for air quality on major industrial facilities was praised by environmentalists and criticized by industry and Gov. Rick Perry’s office.  More »

Average national gas pump price rises above $3

NEW YORK — The national average for a gallon of regular gasoline topped $3 today. It’s the first time that the average retail price has been above $3 a gallon at Christmas. The average pump price rose about a cent and a half a gallon overnight, to $3…  More »

National gas prices go over $3 a gallon

• Check the Houston prices (still under $3) • • • NEW YORK — The national average for a gallon of regular gasoline topped $3 a gallon on Thursday, just in time for the holiday driving trips millions of Americans will take this week. T…  More »
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Gas prices hit $3 mark in time for holiday travel

A jump in crude oil prices has pushed gasoline to $3 a gallon nationwide, and just a little less in Texas. (Photo: Associated Press)  More »
GASOLINE PRICES $3

Gas prices hit $3 mark in time for holiday travel

A jump in crude oil prices has pushed gasoline to $3 a gallon nationwide, and just a little less in Texas. (AP Photo/David Zalubowski)  More »

Report casts doubt on proposed Alaska pipeline

JUNEAU, Alaska — Federal analysts believe it will not be economical to build a major natural gas pipeline in Alaska for at least the next 20 years, according to a recent report by the U.S. Energy Information Administration. The study looks at domesti…  More »

Shell pays $10 million fine to Nigerian government

Royal Dutch Shell  paid $10 million in fines to the Nigerian government over alleged bribes paid on its behalf by Panalpina Welttransport Holding, to Nigerian customs officials, Justice Minister Mohammed Adoke said. The settlement is part of a bro…  More »

Oil shoots above $90 a barrel

Crude traded within 1 percent of a two-year high above $90 a barrel on signs that economic recovery in the U.S. is eroding excess inventories. Futures climbed as much as 0.5 percent before a government report forecast to show U.S. crude stockpiles dec…  More »

Insurers team up in bid to boost deep-water coverage

WASHINGTON — A new consortium announced Tuesday aims to provide stronger insurance coverage for U.S. deep-water drilling amid congressional proposals to boost liability limits after this year’s Gulf of Mexico oil spill. Named “SOSCover” – for “sudden…  More »