Fuelfix is moving. Here are the details.

Fuel Fix, the Houston Chronicle’s must-read source for energy industry news and analysis, is moving to chron.com, the Chronicle’s free site. Typing FuelFix.com should redirect you to the new site, which will host the same quality content you’ve come to expect. If you are not automatically redirected, you can click here to go to chron.com/business/energy. The transition …

Market Currents: Qatar’s energy exports

As pockets of geopolitical tension leave the crude market neither shaken nor stirred, hark, today we dig into some of these hotspots to see what their energy flows look like, and how they could be impacted: Fears have been stoked in recent days about the impact to US imports of Venezuelan crude amid possible sanctions being applied …

Houston’s USD Partners expands to carry Canadian oil sands by rail

With pipeline capacity still relatively limited from the Canadian oil sands into the U.S, Houston’s USD Partners is expanding its terminal capacity in Oklahoma to offer more rail transportation access. While rail transportation still is considered more dangerous than pipelines, rail car access offers oil companies more affordable transportation options from Canada when plans for …

California solar company coming to Texas

The California-based solar panel company Sunrun has partnered with Think Energy, a retail electricity arm of the French power company Engie, to offer residential solar panel packages for Texas residents. Sunrun will offer solar panel systems for lease or purchase for Texas residents; the company will also help arrange a purchase through a loan program. …

Houston gasoline prices unchanged as U.S. average rises slightly

The long slump in Houston gasoline prices may finally be flattening out. Average prices in the area hung at $2.17 per gallon on Sunday, the same price as a week prior. The national average increased almost 1 cent per gallon over the week to $2.37 per gallon, according to gasoline price website GasBuddy.com. “The first …

Atmos Energy hiked gas rates while over earning by millions

In recent years, Dallas-based Atmos Energy has raised its gas utility rates while still earning millions more than a state cap allows. Atmos earned above the allowable level in 2013 and 2015, too, and both times the Railroad Commission, which regulates gas utilities, allowed the company to raise rates with few questions asked. A state …

Market Currents: Oil still roiled

As oil ventures into forty dollardom once more, today’s blog takes a peek at a number of supply side influences, from Basrah buoyed to Brazil nuttiness, all via a ‘call on shale’. Hark, here are a number of things to consider in oil markets today: According to reports, Brazilian exports are set to ramp up super-strongly …

U.S. coal demand falls to lowest level since ’84

The U.S. power sector consumed 677 million short tons of coal last year, the lowest level since 1984, the U.S. Energy Information Administration reported Friday. That was a 35 percent decline from 2008, when coal demand in the power sector hit its peak. The fall comes not only as natural gas, wind turbines and solar …

Think before you sue: Tips for resolving oil and gas disputes

By Kathy Silver Doing business means inevitable disputes, and the oil and gas business sees plenty of these – no matter what the price of oil. Most trial lawyers love a good courtroom battle. But their clients would rather focus on business. So why isn’t there more serious effort toward early resolution of disputes in …

Oil prices head for big weekly loss as glut lingers

Oil headed for its biggest weekly drop in four weeks as U.S. supply data signaled that OPEC’s efforts to re-balance oversupplied markets need more time. Futures slumped as much as 3.4 percent in New York and Brent crude in London slid below $50 a barrel. While U.S. government data released on Thursday showed that crude …

Trump: U.S. to exit Paris climate pact but open to new deal

President Donald Trump made it official Thursday: He will remove the United States from the Paris agreement on climate change. “The United States will withdraw from the Paris climate accord,” he said, adding he was ready to “begin negotiation to re-enter the Paris accord or an entirely new transaction that is fair to the United …

Crude inventories dive again

Crude oil inventories again fell significantly, draining U.S. stockpiles by more than 10 million barrels over the past two weeks, the Energy Department reported Wednesday. RELATED: The nation’s crude oil glut continues to shrink Commercial crude inventories fell 6.4 million barrels last week, following a 4 million barrel decline the previous week. Gasoline inventories fell by …

EIA’s monthly U.S. oil estimate lags weekly data

Oil production in the United States has climbed by 318,000 barrels a day since OPEC began cutting its output this year, new monthly data show. But it may not be coming in as fast as the U.S. government predicted. Domestic oil output grew to about 9.09 million barrels a day in March, up from 9.03 …

Trump to announce decision on Paris at 2 p.m. Central

President Donald Trump is scheduled to announce this afternoon whether he will keep the United States in the Paris agreement on climate change. The decision follows months of debate within Trump’s inner circle, as the new president must choose between upholding a campaign promise to repeal the agreement and pressure  from all sectors of corporate …

Houston still world’s energy capital, BP exec says

Despite the crash in oil prices and the loss of thousands of jobs, Houston remains the world’s energy capital, BP’s number two executive said on Wednesday. Lamar McKay, speaking at the Greater Houston Partnership’s fourth annual State of Energy address, said the city is BP’s largest office, an “exceptionally important” base in the world. “It …

Exxon investors vote for report on climate impact to reserves

  DALLAS — Exxon Mobil investors passed a resolution on Wednesday asking the company to publish an annual report on the impact of climate change policies on the value of its sprawling oil and gas operations. At the oil company’s annual meeting in Dallas, 62.3 percent of shareholders voted in favor of the non-binding proposal; …

EU signs off on Baker Hughes merger with GE Oil & Gas

The European Union’s regulatory body signed off Wednesday on the merger of Houston’s Baker Hughes with General Electric’s oil and gas division. The European Commission’s consent sets the table for the roughly $32 billion deal to close as soon as early July, pending the deal being cleared by the U.S. Justice Department. Baker Hughes shareholders …

Exxon Mobil to clash with climate activists, investors at annual gathering

DALLAS – Exxon Mobil will clash with activist investors again on Wednesday at its annual meeting in downtown Dallas, where shareholders will weigh nine proposals related to the company’s impact on climate change, methane emissions, compensation for women and lobbying. For the second year, investors have proposed Exxon publish an assessment of how global climate …

Texas will offer rebates for electric cars

The Texas legislature has reinstated rebates for Texans who buy electric vehicles, a provision in the state’s clean air program that was discontinued during the 2015 session. RELATED: Electric cars may soon beat gasoline models on price The Texas Emissions Reduction Program, which promotes clean air, includes a $2,500 rebate for electric-car buyers, according to …

Occidental Petroleum picks EOG veep as new CFO

Houston-based Occidental Petroleum Corp. has plucked its new chief financial officer, Cedric W. Burgher, from competitor EOG Resources. Burgher was senior vice president at EOG, led investor relations and reported directly to the chief executive. He replaces Chris Stavros, who is retiring from Oxy. “Cedric has tremendous financial leadership experience at some of our industry’s most …

Big rigs are helping drillers pump more for less

On a drilling rig towering above quiet cattle farms in Southeast Texas, Eric Williams perched inside the cabin of the 16-story machine, twisting a pair of joysticks to guide a gigantic wrench roaring into action, drowning out every sound as it reached for a 1,500-pound pipe emerging from the earth. Soon, that pipe will feed …

Linn Energy sells Wyoming field for $71.5 million

Linn Energy plans to sell a stake in a Wyoming oil field for $71.5 million, the latest in a string of sales it’s using to pay off its debts, the Houston oil producer said Tuesday. The sale of 5,000 net acres in the Salt Creek Field would put the value of Linn’s asset sales at …

Kinder Morgan Canada completes IPO for Trans Mountain Pipeline

Kinder Morgan on Tuesday said its Canadian subsidiary completed its initial public offering, raising $1.3 billion to expand its Trans Mountain pipeline. With the IPO closing at about $13 a share, Kinder Morgan is committed to moving forward with the $5.5 billion project to funnel Canadian oil sands crude 715 miles from Edmonton, Alberta, to Vancouver-area …

Gas demand and prices key to OPEC success

Reduced demand for gasoline and lower pump prices could undermine the Organization of Petroleum Producing Countries’ attempts to cut crude oil production and boost prices, according to research from the Chicago-based firm Morningstar. Last week, OPEC agreed to continue its production cuts, but those cuts are offset by strong U.S. shale production and record inventory …

Ensco buying Houston’s Atwood Oceanics for $840 million

Ensco said it will buy Houston’s Atwood Oceanics for about $840 million in a pairing of struggling deepwater drillers. London-based Ensco, which has operational headquarters in Houston, said it’s acquiring Atwood in an all-stock deal to solidify its standing as a global leader in offshore oil and gas drilling. The combined company would have a …

Gasoline prices fall again in Houston

Houston gasoline prices fell again last week, but by just 1 cent, to $2.17 per gallon on average, according to the website GasBuddy.com. The national average fell a little more than a half-cent over the same week, to $2.36 per gallon. Houston prices were 8 cents per gallon lower than a month ago, but still …

U.S. rig count up in 19th straight weekly increase

Drillers dispatched another seven oil and gas rigs to U.S. fields over the past week, Baker Hughes said Friday, marking the rig count’s 19th consecutive weekly increase. That increase brought the nation’s active rig count up to 908, up from a record low of 404 this time last year. Five of the rigs added this …

Fire at Anadarko oil tank site kills worker, injures three others

A fire at an oil tank battery owned by Anadarko Petroleum Corp. killed one worker and injured three others in Colorado on Thursday afternoon, authorities and the company confirmed. Contracted workers were doing maintenance work at an oil tank facility near Mead, Colorado, when an oil tank battery ignited, the Woodlands-based Anadarko said. Local authorities …

Saudi Arabia’s Motiva plans for billions in Texas growth

Saudi Arabia’s Motiva Enterprises said it plans to spend billions of dollars more to expand its Port Arthur Refinery — already North America’s largest — and grow more in the petrochemical and refining sectors. Motiva, which finalized its divorce from Royal Dutch Shell in the beginning of May, said it plans to spend close to …

Market Currents: OPEC – The Hangover

No sooner had the dust settled after the conclusion of the latest OPEC meeting (with oil traders selling the market like hot cakes), we got Saudi oil minister Khalid Al-Falih saying that exports to the US were dropping measurably. While this has caused a good degree of excitement in the market, we here at the good …

Petrobras, Shell fire up pre-salt oil field off Brazil

A first-of-its-kind vessel owned by Petrobras and Shell has begun pumping oil off Brazil in one of the world’s most lucrative deep-water basins. Shell said Friday the companies fired up their first cloned offshore vessel assembled with standard parts and equipment in the pre-salt Santos Basin, a prolific region where some wells produce three times …

Kinder Morgan moving forward with Trans Mountain through IPO

Houston’s Kinder Morgan said it plans to start construction in September on its massive Trans Mountain pipeline project in Canada. The plans though are contingent on Kinder Morgan successfully taking its Canadian public business public next week through an initial public offering to help fund the nearly $5.5 billion pipeline expansion. The project will funnel …

Oil prices tank as OPEC deal on output cuts disappoints traders

Oil prices tanked early Thursday after OPEC reached an agreement to cap oil production for another nine months at the same level that couldn’t fix the oversupplied oil market this year. The U.S. oil benchmark fell as much as 5.1 percent from $51.36 to $48.75 on Thursday, underscoring how much speculators had driven up the …

Market Currents: Extension reflects OPEC’s shortcomings

As OPEC’s latest meeting concludes in Vienna, just a glimpse at the charts below helps explain why the cartel’s production cut deal has been extended for another nine months: it hasn’t worked so far. For all the talk of near-perfect compliance from OPEC, we have consistently highlighted how the cartel has kept global markets well-supplied, …

BP boosts benefits, includes transgender surgery

In the fight to land and keep top-notch employees, BP has a new weapon: A litany of specialized benefits. The British oil giant has long had a spate of high-class benefits, including a health center, child care service and two fitness centers on its Energy Corridor campus. But now it’s added some new — and …

OPEC poised to extend production cuts

OPEC and its allies were poised to extend their production cuts for an additional nine months after last year’s agreement failed to clear a global supply glut or deliver a sustainable price recovery. Nine months with the same level of production “is a very safe and almost certain option to do the trick,” Saudi Arabian …

Crestwood Equity, First Reserve announce joint venture on new West Texas pipeline

A joint venture between a Houston pipeline company and an investment banking firm will finance a $170 million pipeline project that will bring natural gas from New Mexico to Texas, the companies announced on Wednesday. Crestwood Equity Partners, the pipeline operator, and First Reserve, an energy investment firm, will build a cryogenic gas processing plant …

The nation’s crude oil glut continues to shrink

The nation’s supply of commercial crude took a big dip of 4.4 million barrels last week, continuing to slowly shrink North America’s glut of oil. The move continues the trend in recent weeks of slowly decreasing inventory levels, helping to allay fears of rising U.S. oil production coming too quickly and leading to another global …

Are OPEC production cuts a done deal?

A powerful consortium of oil producers that includes Saudi Arabia and Russia will try to goose lackluster oil prices this week with promises to extend previous output cuts for several months and perhaps into next year. At a semiannual gathering in Vienna on Thursday, Saudi-led OPEC and other oil-producing nations are expected to strike a …

Solar industry drives renewable energy job growth worldwide

Renewable energy employs nearly 10 million people worldwide, nearly double the employment numbers in 2012, when the International Renewable Energy Agency did its first jobs survey. The number of jobs in the solar and wind industries have particularly driven the international spike in renewable energy work — in the last four years, jobs in those …

More efficient cars means less gasoline use in U.S. soon

U.S. gasoline consumption will fall over the next three decades, despite record travel, as fuel efficiency improves in American cars. Americans are driving more vehicles, the U.S. Energy Department said in a recent report, but improvements in fuel economy will more than offset the increase in miles. U.S. light-duty vehicles — cars, trucks, SUVs and …

Market Currents: Limbering up for OPEC

Last week we discussed how some OPEC producers are exhibiting compliance via lower exports, while others are not. Our export data affirms what others are saying about Iraq: that OPEC’s second largest producer has not been playing ball. Exports out of the south of the country continue to hold up, above 3 million barrels per …

Gov. Abbott signs bill reauthorizing the Railroad Commission

The Railroad Commission of Texas, the state’s oil and gas regulator, has been reauthorized to operate for another 12 years, after a years long battle with legislators over how to reform the agency. On Monday, Gov. Greg Abbott signed House Bill 1818, part of a state initiative to review and reauthorize agencies every 12 years. …

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