Jordan Blum
Houston Chronicle
Houston, TX, United States
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Past articles by Jordan:
Drilling rig count remains flat near three-year low with oil at $50
The number of rigs drilling for oil and gas remained flat near a three-year low this week as crude oil prices hover near the feared $50 per barrel threshold. → Read More
High levels of cancer-causing benzene found near 6 Texas refineries, report shows
In the fall of 2018, a leak at a Pasadena oil refinery led to the release of thousands of pounds of toxic pollutants, including some 8,000 pounds of cancer-causing benzene. → Read More
ConocoPhillips' fourth-quarter profit plunges by 60%
ConocoPhillips' fourth-quarter profit declined by more than 60 percent, to $720 million from $1.9 billion in the same period last year, amid weaker oil prices and production outputs. → Read More
Chevron, Petrobras plan to sell deepwater Brazilian field
Chevron and Brazil's state oil company plan to sell their 100 percent ownership stake of a key deepwater field offshore of South America's largest country as they both seek to sell assets to cut costs. → Read More
With coronavirus fears looming, gasoline and oil prices continue to plunge
Prices at the pump fell another 5 cents per gallon last week as crude oil and fuel costs continue to plunge because of Wuhan coronavirus fears and weakening demand. → Read More
Enterprise prevails in court battle of Texas pipeline giants
Pipeline giant Enterprise Products Partners has prevailed in its years-long court battle against Dallas rival Energy Transfer over whether Enterprise reneged on a joint venture project, the Texas Supreme Court ruled Friday. → Read More
Exxon Mobil's profit tumbled 30% in 2019, 5% in final quarter
Exxon Mobil recorded a $5.7 billion net profit in the fourth quarter that fell 5 percent from a year ago because of weaker sales and pricing in its petrochemical and refining divisions. → Read More
Reporter's notebook: Is drilling renaissance ahead for the Gulf?
Scott Angelle, director of the U.S. Bureau of Safety and Environmental Enforcement, says technological advances that allow drilling at ultra-high pressures could have the same impact offshore than shale had onshore. → Read More
Bankrupt Alta Mesa assets sold for $320M
The oil and gas and pipeline assets of the now-defunct Alta Mesa Resources were sold for $320 million to a partnership between an Oklahoma startup and a Houston private equity firm. → Read More
Former Black Elk CEO gets deal to dismiss fraud scheme charges
The former head of Houston's Black Elk Energy reached a deal to eventually dismiss charges that he helped run a Ponzi scheme fraud with the company's New York hedge fund owners. → Read More
Hess bucks trend on spending because of Exxon-led Guyana growth
As most of the oil industry cuts back on spending, Hess Corp. said Tuesday it will up its 2020 budget in order to allocate more money to its growth in the tiny South American country Guyana. → Read More
Oil prices fall to three-month low as coronavirus adds to downward pressure
Oil prices have plunged more than 15 percent over the past three weeks, hitting their lowest levels since October as concerns about increased global production have been amplified by fears of the coronavirus outbreak in China hurting economic growth and energy demand in Asia and beyond. → Read More
Exxon makes new Guyana discovery, ups recoverable estimates to 8 billion barrels
Exxon Mobil said Monday it is hiking its estimated recoverable resources offshore of Guyana by another 2 million barrels as it continues to make new discoveries in 2020. → Read More
Gasoline, crude prices falling as coronavirus fears tick up
Prices at the pump are continuing to fall because of crude oil values hitting five-month lows Monday morning amid fears of the coronavirus spreading and a potential global oil glut. → Read More
Phillips 66 CEO Greg Garland takes reins of oil and gas trade group API
The chief executive of Phillips 66 will take over the chairmanship of the oil and gas sector's top trade group, the American Petroleum Institute. → Read More
Climate change also poses a threat to oil's exploration budgets, report finds
The growing threat of climate change and the evolving energy transition toward cleaner alternatives is threatening the future of spending on traditional oil and gas exploration worldwide, according to a new report. → Read More
2 years after Oklahoma well explosion killed 5, safety rules remain much the same
The accident involving a Houston drilling company was the industry’s deadliest since the Deepwater Horizon tragedy 10 years ago, but the response to the Oklahoma explosion has been far less urgent. → Read More
Phillips 66 cancels large renewable diesel refinery project
Phillips 66 said Tuesday it canceled plans to build the largest renewable diesel refinery along the West Coast, citing concerns with project costs and permitting problems. → Read More
Oil and gas firms must invest in clean energy solutions to survive: IEA
Oil and gas companies put their own survival at risk if they fail to adapt to providing clean-energy solutions to the world, the International Energy Agency said in a report Monday. → Read More
Gasoline prices are falling again
Prices at the pump are falling once again now that crude oil prices have stabilized below $60 per barrel in the United States. → Read More