Houston Chronicle Energy News

Reporting from the daily edition.
Yellow oil barrels

Oil rises on U.S. housing data, Ukraine tensions

Oil gained 2 percent for the week.  More »
Searchers dig through the rubble for victims of the inferno in Lac-Megantic, Quebec, Monday, July 8, 2013, as  firefighter continue to hose down tanker cars to prevent explosions.  A runaway train derailed igniting tanker cars carrying crude oil .  (AP Photo/ THE CANADIAN PRESS,Ryan Remiorz)

Bankrupt railroad in Quebec derailment sold

The derailment last summer in Lac-Megantic was the worst railway accident in Canada in nearly 150 years.  More »
“We are reviewing our risk controls and procedures and we continue to strengthen all those areas that did not comply with Citi’s global standards and best practices,” Banamex General Director Javier Arrigunaga said. PHOTO/Emmanuel Dunand/FILESEMMANUEL DUNAND/AFP/Getty Images

Citigroup’s Mexican bank fires 11 in oil scandal

In February, Banamex said oil services company Oceanografia had used falsified invoices as collateral to obtain $585 million in loans.  More »
A Bakken Shale oil project.(GE)

Shale boom sends U.S. crude production to 28-year high

Output rose 78,000 barrels a day to 8.428 million, the most since October 1986, according to Energy Information Administration data.  More »
(AP Photo/Lynne Sladky)

Argentine court orders probe of Chevron-YPF deal

Argentine President Cristina Fernandez is accused of abusing her power and harming the environment by issuing a decree last year that facilitated the deal.  More »
New Mexico Gov. Susana Martinez applauded the company’s investment in the state. AP

Rangeland building oil and gas hub in New Mexico

New Mexico Gov. Susana Martinez applauded the company’s investment in the state.  More »
U.S. Department of the Interior  logo

Government acknowledges gaps in oil well inspections

The Interior Department’s BLM is counting on Congress to approve a budget request that would allow it to use $10 million raised from fees charged to oil and gas companies to pay for high-priority inspections.  More »
Yellow oil barrels

Oil gains on anticipation of U.S. supply drop

U.S. crude for June delivery gained $1.11 to $101.70 a barrel.  More »
In this photo released by Vietnam Coast Guard, a Chinese ship, left, shoots water cannon at a Vietnamese vessel, right, while a Chinese Coast Guard ship, center, sails alongside in the South China Sea, off Vietnam's coast, in May. (AP Photo/Vietnam Coast Guard)

Vietnamese workers protest at Chinese factories

Vietnam reacted angrily to the arrival of the deep sea oil rig on May 1 close to the Paracel Islands, which are controlled by China but claimed by Hanoi.  More »
A placard warns of flammability on a tank car carrying crude oil near a loading terminal in Trenton, N.D. (AP Photo/Matthew Brown, File)

Railroad says federal order won’t affect oil shipments

The U.S. Department of Transportation required railroads to inform state emergency management officials about the movement of large shipments of crude oil.  More »
Yellow oil barrels

Oil falls to near $100 after China trade data

U.S. crude for June delivery fell 51 cents to close at $100.26 a barrel.  More »
In this photo released by Vietnam Coast Guard, a Chinese ship, left, shoots water cannon at a Vietnamese vessel, right, while a Chinese Coast Guard ship, center, sails alongside in the South China Sea, off Vietnam's coast, Wednesday. (AP Photo/Vietnam Coast Guard)

China insists it has right to put rig off Vietnam

The United States warned both sides to de-escalate tensions and urged China to clarify its claims to the territory.  More »
Flowers grow in front of a sign at the Chesapeake campus in Oklahoma City.  (AP Photo/Sue Ogrocki)

Chesapeake Energy says it’s cleared in securities inquiry

Chesapeake said it was cleared by the Securities and Exchange Commission .  More »
An anti-fracking protest sign sits in the window of a residential property near to Cuadrilla Resources Ltd.'s exploratory shale gas drill site in Balcombe, West Sussex. A city in Texas might also ban such fracturing. (Matthew Lloyd/Bloomberg)

N. Texas city could be first in state to ban hydraulic fracturing

A recently adopted temporary ban is in place until September, but hydraulic fracturing opponents want to make that permanent through an ordinance that would prohibit the practice in Denton.  More »
Yellow oil barrels

Oil rises as stockpiles fall

U.S. crude for June delivery rose $1.27 to close at $100.77 a barrel.  More »
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