Houston Chronicle Energy News

Reporting from the daily edition.
This aerial photo shows the tanker United Kalavryta underway in the Gulf of Mexico on Friday, before it anchored off Galveston, where it awaits its fate. 
(Courtesy: U.S. Coast Guard)

Marshals won’t seize tanker’s oil unless it’s brought closer to shore

U.S. marshals won’t seize oil at the center of an ownership dispute unless smaller vessels transfer the oil from a tanker in the Gulf of Mexico and carry it closer to U.S. shores.  More »
A tanker sails in the morning sun. (Louis Vest, Getty Images)

Iraq warns against unloading tanker of Kurdish crude anchored off Galveston

The U.S. Coast Guard on Sunday cleared an oil tanker carrying Kurdish crude to offload its cargo, potentially paving the way for an import that could complicate U.S. relations with Iraq which has threatened to sue any buyers.  More »
Jim Gallogly, CEO of Lyondellbasell. (Houston Chronicle)

LyondellBasell profit exceeds estimates as plastics gain

LyondellBasell has been riding the wave of cheap natural gas production in the U.S.  More »
Charif Souki, CEO of Cheniere Energy, was 2013's top-paid public company CEO in Houston and the nation. (James Nielsen / Houston Chronicle )

Cheniere to ‘reassess’ bonus plan for its CEO

Cheniere, based in Houston, gave CEO Charif Souki a $142 million compensation package in 2013,  More »
The sun sets over the Mackinac Bridge and the Mackinac Straits as seen from Lake Huron. (AP Photo/Al Goldis)

Michigan officials want more supports beneath oil pipes

Enbridge Energy Partners LP was put on notice following the company’s acknowledgement it was partly out of compliance with an agreement dating to 1953, when the pipelines were laid in the Straits of Mackinac.  More »
A new study says the U.S. should work faster to upgrade aging natural gas utility lines. At the current pace, pipeline replacement will take 30 years, the study says.

Houston praised, some others panned, for gas pipeline maintenance

An alliance of labor unions and environmentalists says in a new report that the U.S. should expedite repairs to aging municipal gas pipelines.  More »
An oil & gas drilling rig works in the Eagle Ford Shale formation.
(Galbraith: Natural Gas)
Eddie Seal for The Texas Tribune

Texas’ oil and gas industry expands to near-record levels

The Texas oil and gas industry is approaching records set in the 1970s, according to the latest Texas Petro Index.  More »
Weatherford posted larger second-quarter losses as revenues slumped.
Photographer: Eddie Seal/Bloomberg

Weatherford shares rise on mixed Q2 report

Weatherford International posted larger second-quarter losses as revenues declined from operations in the Middle East, North Africa and Asia, the company reported Thursday.  More »
A fire burns at Red River Supply in an industrial part of Williston, N.D., in the early hours of Tuesday.   (AP Photo/Josh Wood)

Officials say Williston fire burned chemicals

A North Dakota health official says air quality tests at the site showed levels “that would not raise concern.”  More »
Yellow oil barrels

Oil gains on sharp drop in U.S. supplies

Oil for September delivery gained 73 cents to $103.12 a barrel.  More »
Tank cars carrying oil and other materials travel through the nation's capital. (Jennifer A. Dlouhy / Houston Chronicle)

Feds unveil proposed new safety rules for crude-carrying trains

Tank cars that carry crude oil across the United States would have to meet stringent new standards to improve safety and make them more resilient in an accident under proposed new rules unveiled by the U.S. Department of Transportation on Wednesday.  More »
Chevron's Genesis platform is shown in the Gulf of Mexico.  (AP Photo/Mary Altaffer)

Industry poll says Americans want more oil production, support offshore drilling

Nearly 7 out of 10 Americans support domestic offshore drilling but few believe the federal government is doing enough to encourage such production, an industry-backed survey finds.  More »