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(Brendon Thorne/Bloomberg)

Texas wind and solar power could compete with fossil fuels in just a few years

While Texas currently has very little solar power generation, there are several projects currently in development.
(Jerry Lara/San Antonio Express News)

Wind, solar causing “upheaval” for utilities, San Antonio power exec says

Utility companies in Texas and beyond must adjust for the future or fade into oblivion, said Cris Eugster, chief generation and strategy officer for San Antonio’s integrated utility company, called CPS Energy.
Halliburton Chairman and CEO Dave Lesar, joined by members of the Halliburton Executive Team ring the Opening bell at the New York Stock Exchange on November 18, 2014 in New York City. (Photo by Ben Hider/NYSE)

Deloitte: More oil and gas deals coming if crude prices stay low

As the hedges roll off, credit tightens and the realization that high prices are far off settles in, many companies will need to offer assets for sale and stronger ones will find good deals.
permian basin

Deloitte: We’ve seen bottom of oil prices

Crude oil prices continued an upward trend Tuesday but fell once again by Wednesday afternoon, when West Texas Intermediate was down $4.61 and trading at $48.44 per barrel.
Growing concern about water use during hydraulic fracturing prompted the Railroad Commission to adopt new rules for water recycling.  Photo: Daniel Acker/Bloomberg

Water outreach should be a priority for drillers, report says

Oil companies don’t have the best reputations in the communities where they drill, and can be seen as threats to local water supplies.
Adam Sieminski

Five things to know about the U.S. energy landscape

Adam Sieminski, head of the U.S. Energy Information Administration, spoke at 2014 Deloitte Energy Conference in Houston about long-term trends facing the energy sector. Here are five takeaways from his presentation.
Dow Chemical's petrochemical complex in Freeport is one of the largest in the world. (Dow Chemical)

Shale boom boosts diverse group of refining, LNG, petrochemical interests

Unlike the first wave of investment, which gave the biggest boost to smaller independent oil companies that got an early start in shale plays, the manufacturing resurgence will involve a diverse set of players, including chemical giants like Dow Chemical and LyondellBasell, which are planning to expand their capacity along the Gulf Coast, and midstream companies hoping to export LNG, according to a report by the Deloitte Center for Energy Solutions
A pumpjack operates at the Inglewood Oil field in Los Angeles. (Patrick T. Fallon/Bloomberg)

Deloitte: OPEC influence waning as US shale surges

Over the next five or six years, surging shale-oil production in the United States could cut deep into the Organization of Petroleum Exporting Countries’ influence over global oil prices, a new report says.
(AP Photo/Hasan Jamali)

Economists: Energy industry growth slowing, could hit Houston economy

Experts on Houston’s energy economy say the oil and gas industry is facing a slowdown that will affect job growth, mirroring the tempered outlook energy executives showed in a recent survey.
(AP Photo/Matthew Brown)

Upstream spending spree to slow in 2014

New projects have been the focus of major energy companies during the shale boom, with producers buying up large swaths of acreage, but upstream companies won’t be looking to continue that spending spree in 2014, according to an analysis from Deloitte.