Loren Steffy

Insight from the Houston Chronicle's business columnist
Oklahoma City Thunder Kevin Durant, left, celebrates with head coach Scott Brooks in the final seconds of Game 4 in a first-round NBA basketball playoff series against the Dallas Mavericks, Saturday, May 5, 2012, in Dallas. The Thunder won 103-97. (AP Photo/LM Otero)

Another concern for Chesapeake investors: what if the Thunder rolls again?

Given all the disclosures bombarding Chesapeake Energy investors in recent weeks, basketball may be the farthest thing from their minds, but the company’s liabilities extend, literally, in the arena of professional sports.  More »

Another concern for Chesapeake investors: what if the Thunder rolls again?

Given all the disclosures bombarding Chesapeake Energy investors in recent weeks, basketball may be the farthest thing from their minds, but the company’s liabilities extend, literally, in the arena of professional sports.  More »
Dust permeates the air at a Chesapeake Energy Co. hydraulic fracturing operation at a well site near Carrizo Springs, Texas. (John Davenport/San Antonio Express News)

Steffy: Chesapeake’s house of financial horrors

Chesapeake Energy’s best hope for survival, at least for the near future, may be the same muddled financial structure that has led to the company’s unraveling.  More »
Protestors scale a shale gas rig at Banks, near Southport, England bringing a halt to work at the Cuadrilla Resources site Wednesday  Nov. 2 , 2011.  Cuadrilla Resources, which is drilling for gas in northwestern England, said Wednesday that independent experts concluded that the tremors were due to an unusual combination of geology and operations, and were unlikely to happen again. The company said local geology would limit any future seismic events to around magnitude 3 on the Richter scale. The tremor on April 1 measured 2.3 on the Richter scale.  Local campaigners have mounted a "Frack Off" campaign to oppose the drilling technique that cracks open rock layers to free natural gas.  (AP Photo/Peter Byrne/PA)

Is fracking flopping on foreign finances?

Hydraulic fracturing, the drilling process that releases oil and natural gas from deep inside shale formations, has sparked a boom in the U.S. and a glut of natural gas that has driven prices to their lowest in a decade.  More »

Is fracking flopping on foreign finances?

Hydraulic fracturing, the drilling process that releases oil and natural gas from deep inside shale formations, has sparked a boom in the U.S. and a glut of natural gas that has driven prices to their lowest in a decade. While there’s been a lot of talk about exporting fracking techniques to other parts of the [...]  More »
(Brett Coomer/Houston Chronicle)

Steffy: Energy industry thin skinned

The Offshore Technology Conference is like a big choir with a rotating roster of preachers. Few sour notes are heard.  More »
OTC_Thursday

OTC: A more balanced view on climate change

It’s Thursday afternoon, the final hours of the Offshore Technology Conference, and it’s in these waning hours when some of the more interesting and diverse presentations emerge.  More »

OTC: A more balanced view on climate change

The luncheon discussion on climate change at the Offshore Technology Conference offered one of the more balanced views on the subject this week.  More »
The Noble Paul Romano. (Photo: Noble Corp.)

OTC: Noble Energy’s finds may drive economic change in Middle East

Houston’s Noble Energy continues to drive economic change in one of the most politically unstable regions on Earth.  More »

OTC: Noble Energy’s finds may drive economic change in Middle East

Exports from Israel and perhaps Cyprus could improve relationships among countries in the eastern Mediterranean.  More »
peopleOTClogo

OTC’s size speaks to the world’s enduring demand for oil

Last year I took the Metro light rail to the Offshore Technology Conference. I relished the irony.  More »

OTC’s size speaks to the world’s enduring demand for oil

The people, the exhibits and the sales that make up this impromptu boom town all represent the billions of dollars that private companies and governments continue to pump into the business of finding oil.  More »