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Houston's daily must-read source for news and analysis on the oil, gas and energy business
Harvey?s flooding blamed in major gasoline spill in Texas
by Associated Press
11 Sep 2017 at 6:06pm
The spill was first reported to state and federal officials on Aug. 31, but no volume was given at that time. The company next reported the spill was 1,000 barrels. In a report filed last week and released Monday, Magellan put the spill 10 times higher at 10,988 barrels.
Fuelfix is moving. Here are the details.
7 Jun 2017 at 11:46am
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
by Matt Smith
6 Jun 2017 at 6:54am
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
by Jordan Blum
5 Jun 2017 at 8:14am
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
by Ryan Maye Handy
5 Jun 2017 at 8:05am
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. ...
Oil gives back gains as impact from Middle East dispute seen as limited
5 Jun 2017 at 7:28am
Oil erased earlier gains as a diplomatic clash involving OPEC members Saudi Arabia and Qatar was seen having limited impact on the group’s policy. Futures slipped 0.3 percent in New York, erasing an earlier gain of 1.6 percent. Saudi Arabia, Bahrain, the United Arab Emirates and Egypt said they will suspend air and sea travel ...
Oil jobs rebound as U.S. drilling fleet grows for 5 straight months
by Collin Eaton
2 Jun 2017 at 10:19am
American oil producers put up another eight drilling rigs this week in fields stretching across West Texas, Colorado and North Dakota, bringing workers back into the oil patch after a job-killing oil bust. By conservative estimates, the surge in U.S. drilling has brought back more than 15,000 jobs back to oil patches across the nation ...
Atmos Energy hiked gas rates while over earning by millions
by Ryan Maye Handy
2 Jun 2017 at 9:41am
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 ...
Exxon may have misled investors on climate costs, New York AG tells judge
2 Jun 2017 at 9:40am
New York?s top cop told a judge that his investigation into Exxon Mobil Corp.?s public statements about climate change uncovered “significant evidence” the oil giant may have misled investors about how it calculates the impact of the Earth?s warming on its assets. The probe revealed that Exxon for the past decade may not have been ...
Market Currents: Oil still roiled
by Matt Smith
2 Jun 2017 at 8:01am
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 ...