Houston Chronicle Energy News

Reporting from the daily edition.
(Bill Montgomery/Houston Chronicle)

Phillips 66 Partners teams up to move Bakken crude

The joint ventures will support the construction of a pipeline and rail terminal aimed at providing long-term and cheaper options to transport crude from a region that produces 1.2 million barrels per day of oil.  More »
Yellow oil barrels

Oil price has its first gain in four days

WTI for January delivery, the most-actively traded, rose $1.35, or 1.8 percent, to $75.85 a barrel on the New York Mercantile Exchange.  More »
Most of Israel’s gas is contained in two offshore fields in the Mediterranean Sea: Tamar, seen here, and Leviathan.
 (Albatross via Getty Images)

Noble, partners eye $2 billion upgrade to Israel gas field

The disclosures were made in a report Thursday to the Tel Aviv Stock Exchange.  More »
JAPAN-AVIATION-AIRBUS-ASIA

Report: U.S. airlines stagnate on improving fuel efficiency

The domestic airline industry made no net improvements on fuel efficiencies last year, raising questions about its ability to cut carbon emissions.  More »
Gasoline prices continue to fall and appear to be headed even lower as motorists prepare to hit the roads for Thanksgiving. ( Johnny Hanson / Houston Chronicle )

Gasoline prices fall ahead of Thanksgiving travel weekend

Despite some predictions otherwise, gasoline prices continue to fall and appear to be headed even lower as Americans prepare to hit the roads next week to see their families for Thanksgiving.  More »
Maria das Graças Silva Foster, CEO of Petrobras

Petrobras to create department to fight corruption

Around two dozen people including a top company executive, were arrested late last week.  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)

Iraq wants tanker dispute to stay in U.S.

Iraq wants an international dispute over a tanker of crude floating for three months off Galveston’s coast to remain in U.S. courts because Kurdistan refuses to resolve the matter on Iraqi soil, according to recent court filings.  More »
(Thomas Shea photo)

Petrochemical construction boom fueling demand for Houston workers

More than 120 petrochemical plants worth $80 billion are slated for construction, or scheduled to open, within the coming years, stoking concerns about a shortage of skilled employees to build and operate the plants once they come online.  More »
(AP Photo/Steve Helber)

Cheaper gasoline may translate to a boost in holiday spending

For every 1 cent drop in gas prices, Americans save about $3.7 million.  More »
A multibillion-dollar expansion of  Dow Chemical Co's Freeport complex is one of many Gulf Coast petrochemical projects driven partly by low-priced U.S. natural gas.  (Dow Chemical Co. photo)

Dow Chemical to sell off even more assets

Dow Chemical executives on Wednesday announced plans to sell off even more assets in the next two years, continuing a push to streamline operations and pull back from products that no longer fit within the company’s business strategy.  More »
(Eddie Seal/Bloomberg)

Halcón to pull back from Tuscaloosa Marine Shale

The decision underscores the wide disparity between the economics of established shale plays and younger ones.  More »
Halcon

Halcón to slash spending, cut rigs as oil prices fall

Although Halcón posted a $186.9 million profit and saw production surge 16 percent in the third quarter, the Houston-based independent oil and gas company said falling oil prices necessitate a more conservative approach in 2015.  More »
conocophillips offshore

ConocoPhillips announces second oil discovery in Senegal

Cairn Energy said initial analysis shows the well has “excellent reservoir sands” with as much as 118 feet of net oil pay.  More »
KiOR's facility in Columbus, Miss. (KiOR)

KiOR says it owes $312 million because it missed payment

Biofuel maker KiOR missed a $1.8 million loan payment to the state of Mississippi.  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)

Iraqi ambassador says negotiations continue with Kurdistan over oil

Iraq’s ambassador to the United States said Friday that he “sees positive signs” in the recently launched negotiations between Iraq and Kurdistan regarding oil revenue-sharing agreements, among other points of dispute.  More »
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