Houston Chronicle Energy News

Reporting from the daily edition.
Eagle Ford Shale production surges, despite dramatic well declines in the first year, the EIA reported.

Eagle Ford continues to gush despite rapid well declines

Although Eagle Ford wells tend to drop in production by 60 to 70 percent in the first year, the shale has seen significant surges in crude oil production, the U.S. Energy Information Administration said in a report released Monday.  More »
Cheniere Energy sabine pass liquefied

Construction progresses at Cheniere’s Sabine Pass terminal

The Houston-based company is adding liquefaction capabilities to export LNG as it capitalizes on the surge of cheap abundant gas unlocked by the U.S. shale boom.  More »
( Jay Pickthorn/AP/Statoil).

Rigs targeting gas in U.S. gain on rise in Texas drilling

The rebound in gas rigs threatens to come at the expense of oil drilling, as U.S. crude has dropped by more than $10 a barrel over the past three months.  More »
Aexey Miller, CEO of Russian gas supplier Gazprom leaves a news conference of European Union Commissioner Guenther Oettinger in Berlin, Friday, Sept. 26, 2014. Trilateral gas talks between the European Union, Russia and Ukraine about gas supply from Russia for Europe during the upcoming winter take place in the German capital. (AP Photo/Markus Schreiber)

EU proposes deal to ensure Ukraine gas supplies

The proposed deal, which would expire next spring, is aimed at averting a supply crisis in Ukraine and the EU over the winter but wouldn’t resolve a deeper dispute over what price Kiev should pay for past and future deliveries.  More »
Susser Petroleum is buying a chain of Hawaiian convenience stores, the company announced. (Susser Petroleum Partners)

Susser Petroleum buys Hawaiian convenience store chain for $240 million

The Houston-based motor fuels distributor has agreed to purchase Honolulu-based Aloha Petroleum, one of the largest convenience store operators in Hawaii with a large wholesale fuel distribution network and six fuel storage terminals. The deal is expected to close before the end of the year.  More »
FRANCE-ECONOMY-ENERGY-OIL-FUEL-GAS-AUTO-FILES

Prices at the pump head below $3 in much of U.S.

While gas prices usually dip this time of year, they’re dropping even faster now due to plummeting global oil prices.  More »
Tankers in the Houston Ship Channel, Tuesday June 18, 2013.  (Billy Smith II/Houston Chronicle)

Surging Middle East oil increases tanker rates

The oil-refining wave in the Middle East is filling tankers to export the region’s processed fuels and driving freight rates to the highest for the time of year since 2008.  More »
Yellow oil barrels

Gasoline futures surge, crude prices decline

Gasoline futures gained 5.42 cents, or 2 percent, to end at $2.718 a gallon on the New York Mercantile Exchange.  More »
Several CSX tanker cars carrying crude oil in flames after derailing in downtown Lynchburg, Va., Wednesday, April 30, 2014. (AP Photo/City of Lynchburg, LuAnn Hunt)

Oil industry group offers crude-train testing standards

The oil industry’s lead trade group released new standards on Thursday for testing and classifying crude shipped by rail after prior shipments were misclassified, including a train that derailed in Canada and killed 47 people.  More »
Big Tex rises again

EPA: Cut your carbon footprint with a corn dog

On the eve of the opening of the state’s annual weeks-long celebration of fried food, football and one very tall cowboy, the U.S. Environmental Protection Agency is urging fairgoers to cut carbon emissions in part by eating more, thus slashing pollution emissions from food waste.  More »
John Hess, chairman and CEOr of Hess Corp., speaks at the CERAWeek Energy Conference on global energy in Houston. (F. Carter Smith/Bloomberg News)

Hess planning IPO for midstream MLP

Several Hess midstream assets in North Dakota and Minnesota will be part of the offering.  More »
An official at Saudi Aramco watches progress at a rig at the al-Howta oil field in Saudi Arabia in 1997. (AP file photo/John Moore)

Saudi Aramco a “force to be reckoned with” in chemical industry

Seven years after the state-owned oil company of the world’s leading crude producing country began its march into petrochemicals, Saudi Aramco now stands to become a key player in global chemicals production, according to a new study by Houston-based energy analysts IHS.  More »
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