Houston Chronicle Energy News

Reporting from the daily edition.
(AP Photo/Hasan Jamali)

Quicksilver Resources seeks bankruptcy

Quicksilver, which had around 340 employees in February 2014, has asked the federal bankruptcy court for approval to continue its business as normal and to keep paying employee wages and salaries and providing benefits.  More »
In this Thursday, Sept. 11, 2014 photo, workers lay cables on a new oil rig under construction for China National Offshore Oil Corp. (CNOOC) in a shipyard in Qingdao in east China's Shandong province. The Chinese exploration rig at the center of a tense maritime standoff with Vietnam earlier this year has made its first deep sea gas discovery in the politically volatile South China Sea, state media announced Tuesday, Sept. 16. The discovery by CNOOC was made about a month after its rig withdrew in July from Vietnam's exclusive economic zone to far less-contested waters closer to China. (AP Photo) CHINA OUT

Oil producer Nexen cuts workforce by 400

Nexen is a wholly-owned subsidiary of CNOOC Limited, one of China’s major national oil companies.  More »
apache corp. irion wolfcamp barnhart

Moody’s: North American oil companies cut capital spending 41 percent in 2015

North American exploration and production companies have collectively cut their capital budgets this year by 41 percent, according to a new analysis published Tuesday by Moody’s Investors Service.  More »
Ryan Lance, chairman and CEO of ConocoPhillips, addresses the audience during the Geopolitics of Natural Gas at Rice University, Friday, Feb. 21, 2014, in Houston. (Marie D. De Jesús/Houston Chronicle)

ConocoPhillps slashes spending plans for coming years

The largest independent producer of oil and gas had been signalling plans to spend an average of $16 billion per year, but earlier this year, the company whittled its 2015 capital expenditure budget by $2 billion to $11.5 billion.  More »
A heavy duty jack-up rig drills over the Forties Echo platform (Apache Corp.)

Supply vessel hits Apache platform; company says no injuries or spills

Apache said the platform has been shut down but there hasn’t been any leak of oil or gas. It’s unclear when production will resume.  More »
(JEFF PACHOUD/AFP/Getty Images)

Gasoline prices falling again on crude plunge

After 40 days of climbing, gasoline prices have started falling again as crude continues to tumble, offsetting seasonal increases in fuel prices.  More »
(AP Photo via militant video)

U.S. embassy in Saudi Arabia warns of kidnapping plot against Western oil workers

Affiliates of terrorist groups may be planning to kidnap Western oil workers in Saudi Arabia, the U.S. embassy in Saudi Arabia warned over the weekend.  More »
(AP Photo/Hasan Jamali)

OPEC expects U.S. oil production to fall in late 2015

OPEC pegs the potential decline in U.S. liquids output at 80,000 barrels a day in the second half of the year, down from a peak of 13.71 million barrels a day in the second quarter to 13.63 million barrels a day by the fourth quarter.  More »
(Dadang Tri/Bloomberg)

Murray Energy to buy controlling stake in Foresight for $1.4 billion

Combined, the companies will control 9 billion tons of coal reserves, Murray Energy said.  More »
brigham mccown, electric bills

EIA: Electricity prices rose at fastest rate in six years in 2014

Residential electricity prices surged last year for residents in many of the country, but 2015′s rate hikes are expected to be less dramatic, according to a new analysis by the U.S. Energy Information Administration.  More »
(AP file photo/Mary Altaffer)

Crude falls to lowest point since 2009 in early trading

The benchmark futures price for a barrel of crude fell to its lowest point since prices began to slide last summer in early trading Monday.  More »
Chevron's massive deep water offshore platform is headed to the Gulf of Mexico where it is expected to begin production this year. (Chevron)

Chevron’s massive Big Foot platform heads to Gulf of Mexico

With the finishing touches complete, Big Foot shipped out from Corpus Christi on Saturday morning en route to the Gulf of Mexico where it will float in the Walker Ridge area, 225 miles south of New Orleans.  More »
Oil flows out of the top of the transition spool, which was placed into the gushing Macondo wellhead at the site of the Deepwater Horizon oil spill in the Gulf of Mexico in July 2010. AP Photo/BP PLC, File)

U.S. appeals part of ruling in BP spill case

The judge’s decision that shaved more than $4 billion off the maximum pollution penalties BP must pay.  More »
USW workers rally in front to the Shell Building and City Hall on Friday, March 6, 2015 in Houston, TX. (For the Chronicle by Thomas B. Shea)

UPDATE: Steelworkers, Shell reach tentative deal to end refinery strikes

The union and Shell, which is representing the industry in the talks, had been in continuous negotiations since Monday.  More »
A striking United Steelworker Union member picketing outside the the Shell Deer Park Refinery Sunday, Feb. 1, 2015, the fist day of the strike.
( James Nielsen / Houston Chronicle )

Union, Shell in longest stretch of contract talks yet

The dispute started with nine facilities but has since expanded to 15 refineries and chemical plants nationwide.  More »