Houston Chronicle Energy News

Reporting from the daily edition.
The drilling rig Aker Barents in the Barents Sea.  (AP  Photo/Harald Pettersen / Statoil via Scanpix Norway, FILE)

Norway’s Statoil comes up dry at Arctic wells

Statoil said this year’s exploration campaign ended without any commercial discoveries.  More »
Cheniere Energy already is expanding this LNG plant in Louisiana, but federal agencies are in conflict over plans for a Texas facility. (Cheniere Energy)

Feds vs. feds: EPA questions energy agency’s environmental review

The Environmental Protection Agency says another federal agency hasn’t fully addressed how a proposed liquefied natural gas export plant in Corpus Christi might affect air, water and wildlife in the region.  More »
(AP Photo/Lynne Sladky)

Report faults Chevron in deadly gas well fire

The Pennsylvania Department of Environmental Protection said that a contract worker with no oil field experience worked on the well, contrary to company policy,  More »
Yellow oil barrels

Gasoline futures rise, crude oil keeps declining

Refineries slowed their operations, pushing gasoline inventories down by the most in four months.  More »
EIA map

New tool maps flood risks at nation’s power plants, refineries

The U.S. Energy Information Administration on Wednesday unveiled a new mapping tool, giving the public its first glimpse into flooding risks at the nation’s power plants, oil refineries, pipelines and other critical energy infrastructure.  More »
The Cushing, Okla., pipeline hub.

Oil falls to 6-month low on refinery outlook

Oil dropped 91 cents, or 0.9 percent, to close at $97.38 a barrel on the New York Mercantile Exchange.  More »
The Securities and Exchange commission charged a Houston oil-and-gas exploration and production company with making false claims about its oil reserves.

Regulator alleges Houston oil company misled investors

The Securities and Exchange commission on Monday charged independent exploration and production company Houston American Energy Corp. and its CEO with making false claims about the company’s oil reserves.  More »
Yellow oil barrels

Crude rebounds from 6-month low on Middle East tension

Oil for September delivery gained 41 cents to settle at $98.29 a barrel.  More »
LyondellBasell's refinery in Pasadena, purchased Kurdish crude but will no longer do so. (Houston Chronicle: Eric Kayne)

Houston refinery no longer will buy Kurdish crude

Chemical giant LyondellBasell acknowledged past purchases of modest amounts of what it called “Iraqi crudes” to process at its Houston refinery but said future buys have been canceled until the ownership dispute is settled.  More »
Targa Resources, a provider of midstream natural gas and NGL services, is being recognized in the Chronicle 100 special section. Targa employees are working at the Galena Park terminal. Photo: NA / HC

Targa reports strong quarter, stays coy about merger potential

Pipeline operator Targa Resources says it will evaluate possible deals after a proposed merger fell through earlier this year, but officials wouldn’t say if it’s in active merger talks.  More »
(Flickr/SalFalko)

Company hired to offload crude no longer obligated to perform the job

The company hired to offload a disputed load of Kurdish crude is off the hook from carrying out that contract.  More »
Ryan Lance, chairman and CEO of ConocoPhillips, addresses the audience during the Geopolitics of Natural Gas convention at Rice University, Friday, Feb. 21, 2014, in Houston. ( Marie D. De Jesús / Houston Chronicle )

ConocoPhillips’ profit rises as production increases

Surging U.S. oil production helped lift ConocoPhillips’ profit by 1.5 percent in the second quarter as the company reported significant increases in output from the Eagle Ford and Bakken shales.  More »
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