Houston Chronicle Energy News

Reporting from the daily edition.
Harold Hamm, chairman and chief executive officer of Continental Resources Inc., speaks during the 2015 IHS CERAWeek conference in Houston, Texas, U.S., on Tuesday, April 21, 2015. CERAWeek 2015, in its 34th year, will provide new insights and critically-important dialogue with decision-makers in the oil and gas, electric power, coal, renewables, and nuclear sectors from around the world. (Aaron M. Sprecher/Bloomberg)

CERAWeek: Oil chiefs explain why U.S. shale boom hasn’t gone global

Has billionaire oil man Harold Hamm ever been tempted to take the U.S. shale revolution abroad and expand his oil empire from North Dakota to the rest of the world? “I have not,” Hamm told a gathering of energy executives Tuesday.  More »
From left to right: Hess Corp. CEO John Hess, Pioneer Natural Resources CEO Scott Sheffield and Continental Resources CEO Harold Hamm at the 2015 IHS CERAWeek conference in Houston. (Joshua Cain/Houston Chronicle).

CERAWeek: To grow production tomorrow, focus on diversifying today

Oil producers focusing on dense U.S. rock formations must diversify their portfolios for long-term growth, but that’s a big challenge amid low crude prices.  More »
(Nabors)

Nabors has laid off thousands in 2015, including more than 40 percent of its drilling unit employees

The firm booked a $123.6 million profit in the first quarter, or 43 cents a share, up from $50 million, or 17 cents a share, in the same period the year before.  More »
Statoil CEO Eldar Saetre speaks at the 2015 IHS CERAWeek conference (Joshua Cain/Houston Chronicle)

CERAWeek: In low-carbon, low-price world, oil industry must collaborate and cut costs, Statoil CEO says

The fall in crude prices requires the industry to “do more than just hit the brakes,” Statoil CEO Eldar Saetre said.  More »
(AP Photo/Gerald Herbert, File)

Video: Ocean researchers show what BP spill site looks like five years later

Five years after the Deepwater Horizon oil rig sank into the Gulf of Mexico, scientists with an ocean research and exploration group released video of what the underwater site of one of the worst oil spills in history looks like today.  More »
From left: IHS Vice Chariman Daniel Yergin, Pemex CEO Emilio Lozoya and YPF CEO Miguel Matias Galuccio at the 2015 IHS CERAWeek (Houston Chronicle)

CERAWeek: Pemex CEO Lozoya says company will halt production decline by 2016

An infusion of talent and capital from private companies will breathe new life into the company’s ailing production, CEO Emilio Lozoya said.  More »
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CERAWeek: BP CEO says don’t expect wave of energy mergers yet

BP CEO Bob Dudley says he doubts there will be a surge of corporate consolidation in the energy industry – effectively a repeat of the mega deals in late-1990s bust that created mammoth oil firms – unless oil prices stay low for long.  More »
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CERAWeek: The Strategic Petroleum Reserve needs a makeover

The nations’ strategic oil stockpile may need to be brought into the modern era, experts told CERAWeek attendees.  More »
A panel of Middle East experts discusses OPEC's role amid the U.S. shale boom at IHS Energy's CERAWeek conference. (Houston Chronicle)

CERAWeek: OPEC’s not dead, just different

OPEC no longer has the same stranglehold over oil markets it once had, but it’s wrong to declare the cartel dead, a panel of Middle East experts and analysts said Tuesday.  More »
Exxon Mobil Corp. CEO Rex Tillerson speaks to 2015 IHS Energy CERAWeek. (Billy Smith II/Houston Chronicle)

Rex Tillerson at CERAWeek: Oil industry will survive, but government should step aside

Government regulators need to get out of the way and give oil companies the freedom to innovate to enable “safer, more secure and more efficient production”, Rex Tillerson said at CERA Week.  More »
Patrick Pouyanné, CEO of French oil company Total, speaks Tuesday morning at IHS Enery CERAWeek in Houston. (Billy Smith II / Houston Chronicle)

CERAWeek: Total CEO not eyeing U.S. unconventionals

The factory drilling that marks unconventional oil and gas development requires a totally different business model and skill set than traditional plays, Total’s CEO said.  More »
(Nick de la Torre/Houston Chronicle)

CERAWeek: Refiners remain competitive even if crude export ban lifted

Refiners have benefitted from the crude collapse by buying up cheap oil and transforming it into higher-priced gasoline, diesel and other refined products, an executive with the world’s largest independent refinery said Monday.  More »
Maria de Lourdes Melgar Palacios, Mexico's undersecretary of hydrocarbons in the Ministry of Energy. (Emily Pickrell/Houston Chronicle)

CERAWeek: Mexico’s bidding rounds continue despite crude collapse

Thirty-four companies had signed on to the first auction organized by the state, said Lourdes Melgar, Mexico’s deputy secretary of energy for hydrocarbons at the Ministry of Energy.  More »
(Mayra Beltran/Houston Chronicle)

CERAWeek: Low prices slow, but won’t end, Canadian oil sands development

Expansions will keep moving ahead in Alberta, even though new greenfield projects are being halted amid low crude prices.  More »
Businessmen arrive to CERA Week at the Hilton Americas on March 4, 2014, in Houston. ( Mayra Beltran / Houston Chronicle )

CERAWeek Day Two: Rex Tillerson, Pemex, Total

Day Two of the annual conference will deal with issues in both the domestic and international oil and gas industries.  More »
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