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Houston

(Daniel Acker/Bloomberg)

On Plains All American call, a focus on other companies

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Midstream contracts are usually the last things production companies will let go. But with oil near $30 per barrel, most oil and gas transporters have several producers on the ropes who have or are considering letting those promises lapse.
Outside the Diablo Canyon nuclear power plant at Avila Beach, California, U.S., on Friday, March 30, 2012. Photographer: David Paul Morris/Bloomberg

Feds approve new nuclear reactors near Houston

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Two hurdles for the projects could delay NRG’s plans indefinitely, however.
Signage stands outside the Duke Energy Corp. Gallagher Station power plant in New Albany, Indiana, U.S., on Monday, July 27, 2015. Coal reclaimed its ranking as the top fuel for generating electricity at U.S. power plants in May, beating natural gas, which took the number one spot for the first time in April. Photographer: Luke Sharrett/Bloomberg

Duke Energy puts Houston-based international business up for sale

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North Carolina-based Duke, which is the nation’s top power generator, currently runs its Central and South American power plants from Houston.
(AP Photo/Kevork Djansezian, file)

Occidental posts losses of more than $5 billion

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The Houston-based oil and gas producer said it booked a total of $5.4 billion of after-tax charges, mostly due to cheap oil eroding the value of its assets.
Equipment is housed at National Oilwell Varco's distribution center in La Porte, Texas. (NOV)

NOV records $1.5 billion net loss for the fourth quarter

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The oilfield equipment and services giant saw its revenues drop 60 percent in the quarter, but NOV also recorded $1.63 billion in pre-tax impairment charges.
The Shell logo sits on the side of a fuel tanker truck during a gasoline delivery at a gas station operated by Royal Dutch Shell Plc in Utrecht, Netherlands, on Tuesday, Jan. 26, 2016. Shell is on the brink of completing its biggest acquisition as shareholders look set to back its purchase of BG Group Plc. Photographer: Jasper Juinen/Bloomberg

Shell transitioning Houston truck fleet from diesel to LNG

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The use of LNG and compressed natural gas — another new CNG fueling station opened Thursday in Houston — in commercial vehicles has rapidly expanded because of the nation’s cheap and bountiful supply of natural gas.
( Johnny Hanson / Chronicle )

Economist says Texas oil drillers may have unlocked crude supply lasting “decades into the future”

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Despite the massive cutbacks, Texas in 2015 likely broke the state’s 43-year-old record for crude oil production.
(Eddie Seal, Bloomberg News)

Keane Group buys Trican’s U.S. business for $250 million

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A relatively small and quiet oil field services company, Keane Group is more than doubling its size through the deal with the goal of additional future acquisitions, said Keane CEO and Chairman James Stewart.
Rick Burleson joins Paul Hastings as oil and gas leader.

Paul Hastings appoints new Houston oil and gas boss

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The position is a new one Paul Hastings, he said, which already has a robust oil and gas practice.
(Ty Wright/Bloomberg)

Costco recognized for cheapest gasoline in Texas, nationwide

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Costco sold gasoline 20 cents per gallon lower than its competitors throughout 2015 and offered the cheapest prices in 12 states, including Texas.