Houston Chronicle Energy News

Reporting from the daily edition.
Sweeny is the largest refinery by capacity in the portfolio of Phillips 66, Houston’s biggest Fortune 500 company. (Ryan Holeywell/Houston Chronicle)

Phillips 66 to spend $700M more next year

The company said it will spend $4.6 billion next year, with more than two-thirds of that investment earmarked for boosting its midstream assets.  More »
Gas drilling sites in Arkansas for Southwestern Energy.
Southwestern Energy drilling pipe and a drilling rig stand ready in Arkansas' Fayetteville Shale Play, where a productive year helped boost Houston-based Southwestern to the No. 1 spot on the Chronicle 100.  (Southwestern Energy)

U.S. has enough shale gas for petrochemical expansions

Gas prices collapsed two years ago had have remained low since, prompting some drillers to turn their focus to more lucrative regions rich in oil and other liquids.  More »
Yellow oil barrels

Oil prices go back on the decline

WTI for January delivery dropped 57 cents, or 0.9 percent, to end at $66.81 a barrel.  More »
In this June 6, 2010, file photo, a small dead fish floats on a pool of oil at Bay Long off the coast of Louisiana. (AP Photo/Charlie Riedel, File)

Man pleads guilty in oil spill fraud case

Charlie English worked as a claims adjuster for the Gulf Coast Claims Facility.  More »
A Cabot Oil & Gas Corp. natural gas drilling rig in the Marcellus Shale in Pennsylvania. (Cabot)

Shale gas line to the Northeast gets federal nod

The Federal Energy Regulatory Commission’s approval means the 124-mile Constitution Pipeline could be built and operational by next winter.  More »
American Petroleum Institute chief economist John Felmy. (Mayra Beltran / Houston Chronicle)

Economist: Crude price pinches oil industry, helps overall economy

As crude plunges to its lowest level in years, the economic impacts will depend on who you are and where you live.  More »
Marathon Oil's corporate headquarters in Houston.  (AP file photo/Pat Sullivan)

Marathon Oil, Total strike oil in Kurdistan

The Houston-based independent oil and gas company said Monday that the Jisik-1 exploration well discovered multiple stacked oil and natural gas producing zones at its Harir Block in the northern reaches of Iraq.  More »
Huntsman posted higher third-quarter earnings despite an unplanned outage at its Port Neches plant. ( Brett Coomer / Chronicle )

Huntsman to cut 900 jobs mostly in Europe

The company announced the restructuring Monday, two months after it completed a $1 billion purchase of titanium dioxide and other assets from New Jersey-based Rockwood Holdings.  More »
Memers of theOrganization of the Petroleum States meet Thursday at OPEC headquarters in Vienna. AFP PHOTO/SAMUEL KUBANISAMUEL KUBANI/AFP/Getty Images

Crude drops as OPEC stays course

Crude oil prices fell $5 a barrel Thursday as OPEC ministers meeting in Vienna decided not to cut production.  More »
Yellow oil barrels

Oil falls again on eve of OPEC meeting

West Texas Intermediate for January delivery fell 40 cents to close at $73.69 a barrel on the New York Mercantile Exchange.  More »
Tokyo Gas' LNG Plant/Tanker Images

EPA raises environmental concerns about Corpus Christi LNG

The Environmental Protection Agency said it still has concerns about the impacts Corpus Christi LNG will have on minority neighborhoods and greenhouse gas emissions.  More »
A tall steel tower on board the Cidade de Angra Dos Reis flares natural gas extracted from Petrobras’ Tupi field. (Houston Chronicle)

United States’ SEC subpoenas Brazil’s Petrobras

The subpoena is the latest chapter in a saga about the corruption scandal at Petrobras.  More »
An oil well in North Dakota.  AFP PHOTO / Karen BLEIERKAREN BLEIER/AFP/Getty Images

Oil price slump to force spending cuts, Moody’s says

Independent exploration and production companies are less willing to spend as oil prices hover around $75 per barrel, particularly in risky shale plays or regions outside of the the core, sweet spot acreage, according to the analysis released Tuesday by the ratings agency.  More »
The United Kalavryta, shown here in the Gulf in late July, remains anchored about 60 miles off Galveston's coast. (Courtesy: U.S. Coast Guard)

Tanker dispute lingers as oil policy negotiations begin in Iraq

As Iraq irons out some of its oil policy differences at home with the Kurdistsan Regional Government, the two remain locked in a dispute in U.S. courts over a tanker of crude that arrived nearly four months ago off Galveston’s coast carrying cargo Iraq claims was stolen.  More »
(Image: Fotolia)

Oil rises again on Chinese interest rates

WTI for January delivery advanced 66 cents to settle at $76.51 a barrel on the New York Mercantile Exchange  More »
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