Workers perform maintenance on an offshore facility operated by Mexico's national oil company, Petróleos Mexicanos. (Susana Gonzalez photo/Bloomberg)

Mexico tries again to attract private oil investment

Mexico is trying to make its second lease auction more successful than the first as it strives to overhaul its energy sector.
The EPA heard radically different views as it opened public hearings in Denver on its proposal to slash allowable methane emissions from oil and gas production. (Lucas Schifres/Bloomberg)

Raymond James: Natural gas production is slowing, but another boom could be on the way

After adding as much as 5.4 billion cubic feet per day in new production in 2014, the U.S.’s natural gas haul leveled off at about 73-75 billion cubic feet per day in early 2015, according to Raymond James.
(Ty Wright/Bloomberg)

Texas gasoline prices are plummeting again

Houston gas prices are $1.06 a gallon cheaper than the same time last year and 29.5 cents less than just a month ago.

Weatherford’s $1 billion fundraising plan encourages acquisition talk

The Switzerland-based company, which is operated out of Houston, said it plans to raise the money through a combination of debt and stock offerings. Weatherford said it will use the proceeds to fund potential acquisitions and for “general corporate purposes.”
(AHIKAM SERI/AFP/Getty Images)

Crude at $50 threatens $1.5 trillion in oil and gas projects

Oil companies have invested $220 billion less than Wood Mackenzie had initially estimated for this year and next year, with 46 projects deferred after the oil-market crash since the summer of 2014.
FMC Technologies elaborate booth in the Offshore Technology Conference at the NRG Center Wednesday, May 6, 2015, in Houston, Texas. (Gary Coronado/Houston Chronicle)

FMC Technologies awarded $172 million subsea contract from Statoil

FMC Technologies has been awarded a $172 million contract to provide subsea equipment for one of the largest oilfields off Norway’s coast.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Oil prices fall on economic concerns

U.S. crude oil for October delivery lost about $1.72 per barrel or 3.7 percent to $45.18 per barrel in early trading Friday. The October contract expires Tuesday.
(Jim Gehrz/Minneapolis Star Tribune/MCT)

Shale drillers spending most of their cash paying off high debt

North American oil explorers have only hedged about 11 percent of their oil production in 2016. That’s well below the 28 percent of oil production they’ve hedged in the third quarter of this year and , according to research firm IHS.
(Photo by NOAA via Getty Images)

Halfway through hurricane season, weather largely calm

The hurricane season runs from June 1 through November, and usually peaks from mid-August through late October. This year’s season started early when Tropical Storm Ana struck South Carolina in May, but has been quiet since. No major hurricanes have formed.
(Brett Coomer / Houston Chronicle)

NRG plans to spin off solar and sell some power plants

NRG has emphasized its solar growth the last couple of years, but Crane acknowledged Friday that investors have pushed for changes and NRG is six months behind on its solar installation goals.