Houston Chronicle Energy News

Reporting from the daily edition.
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 »
PHILIPPE HUGUEN/AFP/GettyImages

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 »
(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 »
(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 »
(AP Photo/Luis Cruz Hernandez)

Wyoming wind farm plan hinges on huge Utah caverns

The caverns in central Utah would serve as a kind of massive battery on a scale never before seen, helping to overcome the fact that – even in Wyoming – wind doesn’t blow all the time.  More »
In this Sept. 5, 2014 photo, a soldier patrols from the top of a moving vehicle as residents walk in the street in Ciudad Mier, Tamaulipas state, Mexico. Mexico has sent its soldiers, marines and federal police to bring Tamaulipas state under control, as it prepares to develop rich shale fields along the Gulf Coast, and attract foreign investors.  (AP Photo/Eduardo Verdugo)

Mexican cartels steal billions from oil industry

Figures released by PeMex last week show the gangs are becoming more prolific and sophisticated; this year, illegal taps are up more than one-third from the same time in 2013.  More »
(Photo: Fotolia)

Crude advances after inventories drop to 8-month low

Oil for November delivery gained $1.24 to end at $92.80 a barrel.  More »
Workers stand behind the top of a pump for the hydraulic fracturing process in the Marcellus Shale layer to release natural gas at a site in Claysville, Pa. . (AP Photo/Keith Srakocic, File)

GE to give Penn State $10 million for gas drilling center

The Marcellus Shale in Pennsylvania is the most productive natural gas field in the country and has led to an energy boom in the state.  More »
After five years waiting for U.S. approval the need for Keystone isn’t as urgent for companies such as Suncor Energy Inc.  (Brent Lewin/Bloomberg)

Suncor looks east to find buyers for Western Canada crude

Suncor Energy Inc., the largest Canadian oil company by market capitalization, loaded its first tanker of heavy crude out of Canada’s eastern coast this week  More »
Ex-billionaire Eike Batista (Jonathan Alcorn/Bloomberg)

Brazilian oil tycoon Batista charged with market manipulation

Eike Batista stepped down as chairman of MPX Energia, part of his conglomerate EBX group, in 2013 after its IPO was called off.  More »
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