Houston Chronicle Energy News

Reporting from the daily edition.
(Image: Fotolia)

U.S. jobs report helps send oil prices higher

Oil for December delivery rose 74 cents to settle at $78.65 a barrel on the New York Mercantile Exchange.  More »
Chevron Phillips Chemical is considering yet another expansion at its Cedar Bayou plant in Baytown. ( Melissa Phillip / Houston Chronicle )

Chevron Phillips Chemical eyes another expansion in Baytown

The company is already building a $6 billion expansion at the same Cedar Bayou plant.  More »
(AP Photo/Richard Drew, File)

Oil rises after inventory report

Oil for December delivery rose $1.49 to settle at $78.68 a barrel on the New York Mercantile Exchange.  More »
Texas leads the nation in oil field job growth, a new government report finds. (oilfieldservicesgrandeprairie.com)

Texas leads nation in oil field job growth

The resurgence in domestic drilling made possible by new techniques like hydraulic fracturing and horizontal drilling has created thousands of new jobs since the recession, and nowhere is that more evident than the Lone Star State.  More »
The Bakken shale remains a key growth opportunity for Marathon Oil. (AP Photo/Gregory Bull, File)

Marathon remains committed to shale drilling despite falling oil price

Despite falling oil prices, Marathon Oil said it remains committed to key U.S. shale plays.  More »
Marathon Oil's corporate headquarters in Houston.  (AP file photo/Pat Sullivan)

Marathon’s profit falls 24 percent on crude price slump

Marathon Oil reported a 24 percent drop in third-quarter profit, as lower crude prices offset higher production.  More »
Yellow oil barrels

Crude oil settles below $80 a barrel

Oil tumbled last month after Saudi Arabia, Iraq, Iran and Kuwait cut prices, leading to concern that OPEC members were fighting for market share.  More »
(Valero Energy photo)

Moody’s: Refineries face flat demand, new competition

Shale oil will continue to give U.S. refineries a cost advantage over their European peers, but a few big refinery expansions in Saudi Arabia could steal market share.  More »
Yellow oil barrels

Crude falls after Fed ends asset-purchase program

Oil for December delivery dropped $1.08 to settle at $81.12 a barrel on the New York Mercantile Exchange.  More »
Marathon Oil gas pump (AP Photo/Michael Conroy)

Marathon Petroleum warns against lifting crude export ban as profits triple

Marathon Petroleum Corp. saw its profits triple on the widening price spread between crude and refined products and a record quarter for its convenience store segment.  More »
The Freeport LNG plant on April 9, 2014 at Quintana, TX.(Thomas B. Shea/for the Houston Chronicle)

Freeport LNG announces financing for part of project

Freeport LNG has secured financing for the first of three liquefaction trains proposed for an export terminal in Quintana, Texas, the company announced Wednesday.  More »
(AP Photo/Lisa Poole, File)

Phillips 66 profits double on crude price plummet

Plummeting crude prices worldwide doubled Phillips 66′s profits in the third quarter, providing the company with a cheaper feedstock to run its refineries.  More »
Yellow oil barrels

Oil futures rise with consumer confidence report

Oil for December delivery rose 42 cents, or 0.5 percent, to settle at $81.42 a barrel on the New York Mercantile Exchange.  More »
French energy giant Total CEO, Christophe de Margerie addressing reporters during a 2011 press conference in Paris, France. (AP Photo/Christophe Ena, File)

President, French elite honor late Total CEO

Total Chief Executive Christophe de Margerie’s cherubic demeanor made him known and appreciated by many French.  More »
albert chao

Westlake Chemical plans $330 million ethylene expansion

Construction will generate about 1,000 jobs at its peak, the company said.  More »