Houston Chronicle Energy News

Reporting from the daily edition.
A 40-year-old ban on U.S. crude oil exports means oil tankers in U.S. waters usually are bringing the cargo into U.S. ports. (Michael Stravato/The New York Times)

Brownsville eyed for LNG export plant

NextDecade, a privately owned company based in the Woodlands, has asked federal regulators for permission to build a liquefied natural gas export plant in Brownsville.  More »
(AP Photo/The Tyler Morning Telegraph, Sarah A. Miller)

Houston companies partnering with Tennessee refiner to build pair of Texas pipelines

Delek Chairman and CEO Uzi Yemin said in a written statement that the pipelines would be the company’s first major U.S. development projects.  More »
Gas prices are posted at the Sunoco gas station in Philadelphia. . (AP Photo/Alex Brandon)

Energy Transfer Partners to dropdown gasoline distributor

The deal will send Sunoco LLC, a gasoline distribution company that operates in 26 states across the East and Midwest United States, from ETP Retail Holdings to Sunoco LP.  More »
An aerial view of the Cameron LNG terminal in Hackberry, La. Sempra Energy is the majority owner of Cameron LNG. (Photo: Cameron LNG)

Sempra moves forward with Port Arthur LNG plans

Sempra Energy is pressing forward with plans to build a liquefied natural gas export plant in Port Arthur.  More »
(Photographer: Daniel Acker/Bloomberg)

Commentary: Amid a crude oil crash, producers are hoarding cash to survive

With dozens of firms offering new opportunities to invest, understanding what signifies a healthy oil company is more important than ever as stock and bond prices are attractive now.  More »
Charif Souki, CEO of Cheniere Energy speaks during an interview, Cheniere is among Houston's top workplaces, according to a Chronicle survey Wednesday, Sept. 18, 2013, in Houston.
(James Nielsen/Houston Chronicle)

Cheniere settles investor suits over nearly $2 billion in pay

Cheniere CEO Charif Souki’s take home in 2011 climbed to $142 million, the highest amount for any U.S. public-company chief executive  More »
(Photo credit should read PIUS UTOMI EKPEI/AFP/Getty Images)

Nigeria’s rating lowered by S&P as oil, politics hit economy

Africa’s largest economy, which derives 90 percent of export earnings and 70 percent of government revenue from oil, is struggling with Brent crude prices having halved since June.  More »
(Ty Wright/Bloomberg file)

Crudes’ good day continues as rig count falls

Rigs chasing crude are now at their lowest level since 2011.  More »
A worker helps monitor water pumping pressure and temperature, at the site of a natural gas hydraulic fracturing and extraction operation run by Encana Oil & Gas (USA) Inc., outside Rifle, in western Colorado. (AP Photo/Brennan Linsley)

Industry swiftly challenges feds’ new fracturing rule

The lawsuit brought by the Independent Petroleum Association of America and the Western Energy Alliance challenges the new mandates as “a reaction to unsubstantiated concerns.”  More »
Oil facilities pop up from the shallow continental shelf in the Gulf of Mexico. More than five decades after the shallow waters of the Gulf were first explored, it is still being tapped. (Jennifer A. Dlouhy / Houston Chronicle)

Saratoga Resources extends forbearance agreements to restructure debt

The Houston firm is extending the terms of its forbearance agreement with holders of $54.6 million in senior debt and 75 percent of holders of $125.2 million in second lien notes until April 30.  More »
Deepwater Gulf of Mexico projects are more resilient to short-term price swings, a new report finds.

Gulf of Mexico drills keep spinning despite oil price plunge

The flurry of drilling may be slowing on land because of falling oil prices, but production in the Gulf of Mexico shows no signs of slowing down, a new report finds.  More »
Dave Lesar, third from right, chairman and CEO of Halliburton, rings the Opening Bell at the New York Stock Exchange (NYSE) on November 18, 2014 in New York City. (Photo by Spencer Platt/Getty Images)

Halliburton mum on future sales tied to Baker Hughes merger

The world’s second and third-biggest oil field service firms are just a week away from a March 27 shareholder vote on the transaction, one of the biggest energy deals so far this century, which emerged when oil prices were falling sharply last year.  More »
Dave Washington, left, Bobbie Thompson, and Kevin Hyde, United Steel Workers Local 13-227 members, employed by LyondellBasell Industries Houston, hold a strike claiming unfair labor practices at the oil refinery plant Monday, Feb. 2, 2015, in Pasadena, Texas. (Gary Coronado/Houston Chronicle)

Shell workers in Deer Park end strike

United Steelworkers at Shell Deer Park and Shell Chemical join employees at four Gulf Coast refineries in Louisiana and Texas who have also ended strikes.  More »
( Brett Coomer / Houston Chronicle )

Industry study ranks Texas 10th in solar capacity

Texas is the 10th-ranked state for U.S. solar capacity, according to a study published Thursday by the Solar Energy Industries Association, a trade group.  More »
Leahy's Fuels oil delivery driver Eric Svege makes a home heating oil delivery to a Mariana Farms Drive home, in Danbury, Conn, on Thursday, November 13, 2014.

Natural gas withdraw withers as winter nears end

U.S. Energy Information Administration weekly data showed a withdraw of 45 billion cubic feet, bringing total inventories to 1.47 trillion cubic feet.  More »
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