Top News & Analysis Houston

  • HOUSTON— BP PLC is moving ahead with a $9 billion oil project in the Gulf of Mexico after a cost-cutting redesign, a sign of confidence about future prices for crude. The UK- based oil giant announced it would continue with the second phase of its Mad Dog project off the Louisiana coast just a day after OPEC ministers agreed to cut production, a move that sparked a...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 477 rigs sought oil and 119 explored for natural gas this week. Louisiana declined by four, Colorado and North Dakota each fell by two and Utah lost one. Alaska, Arkansas, California, Kansas, New Mexico, Ohio, Pennsylvania and West Virginia were unchanged.

  • SHANGHAI/ SHELTER ISLAND, New York, Dec 2- Thomas Benson once ran a small liberal arts college in Vermont. They recruited dozens of U.S. admissions officers to fly to China and meet in person with the companies' student clients, with the companies picking up most of the travel expenses. Among the schools that participated: Cornell University, the University of...

  • CANNON BALL, N.D., Nov 30- More than 2,000 U.S. military veterans plan to form a human shield to protect protesters of a pipeline project near a Native American reservation in North Dakota, organizers said, just ahead of a federal deadline for activists to leave the camp they have been occupying. It comes as North Dakota law enforcement backed away from a previous...

  • CANNON BALL, N.D., Nov 30- More than 2,000 U.S. military veterans plan to form a human shield to protect protesters of a pipeline project near a Native American reservation in North Dakota, organizers said. Meanwhile, North Dakota law enforcement will not make spot checks on vehicles headed to the camp where activists are based, the governor's office said on...

  • SMITHVILLE, Mo.— A fire erupted when a gas pipeline ruptured north of Kansas City, Missouri, but authorities say no one was injured. A Platte County Sheriff's Department dispatcher says the fire was reported about 6:30 p.m. Tuesday in Platte County, not far from Kansas City International Airport. Houston- based Enterprise Products Partners says it's...

  • CANNON BALL, N.D., Nov 29- North Dakota officials on Tuesday moved to block supplies from reaching oil pipeline protesters at a camp near the construction site, threatening to use hefty fines to keep demonstrators from receiving food, building materials and even portable bathrooms. Law enforcement would take a more "passive role" than enforcing a blockade, said...

  • CANNON BALL, N.D., Nov 29- North Dakota officials on Tuesday moved to block supplies from reaching oil pipeline protesters at a camp near the construction site, threatening to use hefty fines to keep demonstrators from receiving such critical supplies as food, building materials and even portable bathrooms. Law enforcement would take a more "passive role" than...

  • CANNON BALL, N.D., Nov 29- North Dakota officials on Tuesday backed away from plans to physically block supplies from reaching oil pipeline protesters at a camp near the construction site, saying they will instead use financial deterrents to prevent food and building materials from coming in. Earlier on Tuesday, Maxine Herr, a spokeswoman for the Morton County...

  • Brokers pointed to record volumes in call options that allow the holder to buy January futures at $60 per barrel, as a sign that some market participants were expecting a significant rally if members of the Organization of the Petroleum Exporting Countries agree on a deal. OPEC said in September it aimed to cut crude output to 32.5 million to 33 million barrels...

  • CANNON BALL, N.D., Nov 29- North Dakota state officials on Tuesday backed away from plans to block supplies from reaching protesters at a camp near the construction site of an oil pipeline project after the governor's office said no such action was planned. Earlier on Tuesday, Maxine Herr, a spokeswoman for the Morton County Sheriff's Department, said food,...

  • LONDON, Nov 29- UK- based law firm Eversheds is in merger talks with U.S. peer Sutherland Asbill& Brennan in the latest attempt by the British firm to secure a U.S. tie-up. Eversheds' Chief Executive Bryan Hughes outlined plans in 2012 to become a "global leader" by 2020, partly to better serve the global needs of clients, and the firm has been openly keen to clinch a U.S....

  • NEW YORK, Nov 29- At least four U.S. agencies are investigating former officials of a now-bankrupt oil and gas company once majority owned by troubled hedge fund manager Platinum Partners, according to a legal filing submitted last week. Attorney's office in Brooklyn, New York, the U.S. Securities and Exchange Commission, the Internal Revenue Service, and the U.S....

  • HOUSTON— Authorities say a woman jumped from an emergency exit door on a flight after it landed at a Houston airport and took off running toward the terminal before she was caught. Authorities say the woman was a passenger on a United Airlines flight from New Orleans that landed in Houston on Monday afternoon and was near the gate. She opened the emergency door and...

  • CHICAGO— Dozens of people were arrested Tuesday as they participated in protests nationwide for a $15 per hour minimum wage. Fast-food restaurant workers and home and child-care workers rallied in cities including Chicago, Detroit, Houston, Los Angeles, Minneapolis and New York. In Chicago, hundreds of protesters at O'Hare International Airport chanted...

  • WASHINGTON, Nov 28- The U.S. Supreme Court on Monday rejected Texas financier Robert Allen Stanford's bid to overturn his conviction and 110- year prison sentence for running what prosecutors called a $7.2 billion Ponzi scheme that bilked investors in 113 countries. The justices left in place the imprisoned Stanford's appeal of an October 2015 ruling by the...

  • WASHINGTON— President Barack Obama took on the problems of a lack of access to health care and high cost, but he and Democrats paid a political price. President-elect Donald Trump has promised to undo much of what Obama put in place, and pledged to make the system better. Although Trump is lacking in specifics, he seems to want to make costs his priority.

  • SEATTLE— As the small city of Hoquiam considers a key permit for a proposed terminal that would move millions of barrels of crude oil through Grays Harbor, opponents are raising concerns about the potential for oil spills and impacts on tribal fishing rights. They're urging Hoquiam to deny the project a shoreline development permit. "The variety of impacts that...

  • Nov 23- U.S. fashion jewelry and accessories budget retailer Charming Charlie LLC is seeking to hire a financial adviser to help find relief from its debt burden, according to people familiar with the matter. Charming Charlie has had investments from private equity firms TSG Consumer Partners and Hancock Park Associates. The Houston- based retailer has about...

  • Nov 23- U.S. fashion jewelry and accessories budget retailer Charming Charlie LLC is seeking to hire a financial adviser to help find relief from its debt burden, according to people familiar with the matter. Charming Charlie has had investments from private equity firms TSG Consumer Partners and Hancock Park Associates. The Houston- based retailer has about...