Houston Chronicle Energy News

Reporting from the daily edition.
ConocoPhillips operations in the Eagle Ford Shale in South Texas.

As costs fall, companies may start completing wells again

Oil companies keeping thousands of barrels of crude off the market by drilling but not completing wells may soon start flooding the market again.  More »
Noble Energy will drill exploration wells off the coast of the Falkland Islands, the company announced Wednesday.

Noble Energy doubles down in Falkland Islands

The Houston-based oil company announced Monday that it has scooped up additional acres offshore the Falkland Islands and plans to start drilling there this year despite opposition from Argentina’s government.  More »
(Photographer: Ty Wright/Bloomberg)

U.S. households to save $700 this year on gasoline

Oil companies may be taking a beating amid a global crude collapse, but U.S. drivers are saving big on gasoline, pocketing enough cash at the pump this year to buy a robot vacuum, a cheap refrigerator or the latest iPad.  More »
A capped oil well sits in a container at Horse Hill well, the center of a new oil discovery in Horley in Surrey  An oil exploration firm said  that it had discovered there were 100 billion barrels of oil in the ground next to Gatwick Airport outside London
(AFP PHOTO / BEN STANSALL)

Big oil deposit near London airport, but will be hard to tap

While oil companies have been drilling in the Weald Basin since the 1930s, UK Oil & Gas says new “concepts, techniques and technology” have given it a better understanding of the region’s potential.  More »
(Photographer: Daniel Acker/Bloomberg)

Wages for oil and gas workers are growing the slowest of any industry

Falling oil prices and a slowdown in the energy sector have prompted wage growth in the oil and gas industry — as well as Houston at-large — to come to standstill, according to new data.  More »
The Maersk Developer drills an exploratory well into Statoil's Martin prospect, about 3,000 feet below the surface in the Gulf of Mexico. Two years ago, Statoil paid $157 million for the right to drill into a single 9-square-mile block at the site and the Norwegian company is now spending about $1.1 million a day to rent the Developer, supply the drilling rig and pay for other contractors. (Jennifer A. Dlouhy / Houston Chronicle)

Statoil makes Gulf of Mexico discovery

Statoil and its partners have struck oil in the Gulf of Mexico, but more work is needed before the Norwegian oil company can determine the size of the discovery.  More »
Ryan Lance, chairman and CEO of ConocoPhillips, addresses the audience during the Geopolitics of Natural Gas at Rice University, Friday, Feb. 21, 2014, in Houston. (Marie D. De Jesús/Houston Chronicle)

ConocoPhillips stresses shale through 2017

Flexible spending and disciplined growth will help ConocoPhillips meet its 2017 goals, executives said Wednesday.  More »
Federal regulators cleared Cheniere Energy to expand Sabine Pass LNG. Work is ongoing on the first phase of that project. (Cheniere Energy)

Cheniere cleared to expand Sabine Pass LNG

Federal regulators approved plans to expand Sabine Pass LNG amid growing skepticism about the viability of such projects.  More »
(Eddie Seal/Bloomberg)

The U.S. is still the world’s biggest hydrocarbon producer

The gap between the U.S. and its next two closest rivals has expanded in dramatic fashion since 2011.  More »
Iran's supreme leader, Ayatollah Ali
Khamenei (Bloomberg News/ILNA/document IRAN)

EIA: Lifting Iran sanctions could send oil prices down as much as $15

The high end of the Energy Information Administration’s prediction would bring 2016 Brent crude from $75 per barrel to about $60 per barrel, or just a few dollars above Tuesday’s ending price of $59.10.  More »
(Photo: Johnny Hanson/Houston Chronicle file photo)

Halliburton to put drilling business units up for sale to clear Baker Hughes merger

The Houston oil field services firm said Tuesday it is putting its fixed cutter bits, roller cone drill bits, directional drilling, logging-while-drilling and measurement-while-drilling businesses on the auction block in separate deals.  More »
A Noble Energy rig off the south coast of Cyprus in the Mediterranean Sea. (AP Photo/Cyprus Press and Information Office, File)

Noble Energy cuts 220 jobs

Noble Energy has slashed 220 jobs, the company announced Tuesday, joining a growing list of oil firms trimming their rolls as they struggle to rein in spending amid falling oil prices.  More »
(Susana Gonzalez/Bloomberg)

Mexico’s energy regulators are hopeful the crude crash won’t spoil their first oil-rights auction

Mexican energy regulators on Tuesday expressed confidence that low oil prices won’t suppress activity as the country auctions exploration and production rights for the first time in more than 75 years.  More »
Don Robicheaux, safety coordinator for Marathon, stands in front of a crude unit, part of Marathon's estimated $3.2 billion expansion in Garyville, La. (AP Photo/Cheryl Gerber, file)

United Steelworkers reviewing contract proposal from Marathon Petroleum

Workers have been on strike since Feb. 1. Hancock said one of issues is Marathon’s move to dismantle the labor/management partnership that was launched after an explosion and fire killed 15 workers in 2005, when BP owned the refinery.  More »
Enterprise Products Parnters docks in the Houston Ship Channel. (Photo: Enterprise Products Partners)

Enterprise completes Houston Ship Channel terminal expansion

Enterprise Products Partners completed the first phase of its LPG export terminal expansion, allowing the company to ship more supercooled propane to buyers overseas.  More »
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