Top News & Analysis Houston

  • The land deal is a blow to the Sioux and other protesters who claim the pipeline would damage ancient burial sites and pose an environmental risk to the tribe's water supply. When fully connected to existing lines, the 1,100- mile Dakota Access pipeline would be the first to carry crude oil from the Bakken shale, a vast oil formation in North Dakota, Montana and...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 418 rigs sought oil and 92 explored for natural gas this week. Among major oil- and gas-producing states, Texas and Oklahoma each gained two rigs and Alaska, California, North Dakota and Pennsylvania each was up one. Arkansas, Colorado, Kansas, Ohio, Utah and Wyoming were unchanged.

  • HOUSTON— A supplier of cookie dough that Blue Bell Creameries is blaming for possible listeria contamination of some ice cream says the product tested negative for the pathogen before being sent to the Texas- based company. In a statement Thursday, Iowa- based Aspen Hills said the "positive listeria results were obtained by Blue Bell only after our product had...

  • NEW YORK, Sept 21- What does a pug looking at a computer have to do with the Oct. 1 start date for parents and students to fill out the federal financial aid form known as the FAFSA? The "get the word out" efforts come from many directions, said Justin Draeger, president of the National Association of Student Financial Aid Administrators. Along with national...

  • NEW YORK, Sept 21- Drivers from Tennessee and Georgia to New Jersey may soon breathe a collective sigh of relief as service is restored on Colonial Pipeline, cutting gasoline prices that have surged following a leak on the key line. Still, the 12- day disruption on Colonial, the main artery that flows about 1.3 million barrels per day of fuel from the refining hub on...

  • CARACAS/ HOUSTON, Sept 21- Venezuela's state oil company PDVSA said on Wednesday it has awarded $3.2 billion in contracts to drill wells in the Orinoco Belt, although sources close to the matter said some foreign partners are uncomfortable with the rushed tender and structural problems that could hinder projects. The projects are designed to add 250,000...

  • CARACAS/ HOUSTON, Sept 21- Venezuela's state oil company PDVSA said on Wednesday it has awarded $3.2 billion in contracts to drill wells in the Orinoco Belt, although some foreign partners are uncomfortable with the rushed tender and structural problems that could hinder the projects, according to sources close to the matter. The major projects are designed to...

  • "We are fully complying with the SEC request for information and are confident our financial reporting meets all legal and accounting requirements," Exxon spokesman Alan Jeffers said. The SEC inquiry mirrors one started last year by New York Attorney General Eric Schneiderman, whom Exxon has accused of overreaching in a politically driven push against...

  • The SEC did not confirm or deny any ongoing investigation. The SEC inquiry mirrors one started last year by New York Attorney General Eric Schneiderman, whom Exxon has criticized for overreaching in a politically driven push against fossil fuel companies. Historically, investigations by New York's attorney general have prodded the SEC to act, including a...

  • President George W. Bush on Tuesday entered the debate over the Trans-Pacific Partnership, hosting a forum at his presidential library extolling his successor's Asian free trade deal. President Barack Obama is still pushing for Congress to approve the 12- country TPP following the Nov. 8 presidential election, even though both Republican Donald Trump and...

  • RIO DE JANEIRO/ SAO PAULO, Sept 20- Brazil's state-led oil company Petrobras on Tuesday cut planned investments by 25 percent in a drive to reduce the largest debt burden among global petroleum producers and revive investor confidence battered by a corruption scandal. Petrobras contributes about 10 percent of the nation's economic output and Brazil's...

  • Lennar also posted its slowest growth in orders- a key indicator of future revenue- in more than a year as it grapples with choppy demand for higher-priced homes in Houston, where the economy has been hit hard by a two-year downturn in oil prices. The company, however, reported higher-than-expected profit and revenue for the third quarter ended Aug. 31.

  • Sept 20- The U.S. Securities and Exchange Commission is investigating how Exxon Mobil Corp has valued its reserves in the wake of low oil prices and potential curbs on carbon emissions, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The SEC did not confirm or deny any ongoing investigation. The SEC inquiry mirrors one started...

  • HOUSTON, Sept 20- Shell Oil Co, the U.S. arm of Royal Dutch Shell Plc, plans to move most of the operations at its company's downtown headquarters to new offices on the city's west side, Shell announced to employees on Tuesday. Only Shell Oil's U.S. trading floor with remain in Shell Plaza after the first quarter of 2017, the company said in a statement.

  • Sept 20- The U.S. Securities and Exchange Commission is investigating how Exxon Mobil Corp has valued its assets in the wake of plunge in oil prices, the Wall Street Journal reported, citing people familiar with the matter. The news follows reports last week that New York Attorney General Eric Schneiderman was investigating the company's accounting practices.

  • HOUSTON, Sept 20- Citgo Petroleum, aiming to start a $685 million renovation project to revive Aruba's idled refinery, has asked its cash-strapped parent company PDVSA to provide initial funding of $100 million, according to an internal document seen by Reuters. The importance of Aruba as a facility to be used by PDVSA and its subsidiaries has increased in...

  • HOUSTON, Sept 20- Citgo Petroleum, aiming to start a $685 million renovation project to revive Aruba's idled refinery, has asked its cash-strapped parent company PDVSA to provide initial funding of $100 million, according to an internal document seen by Reuters. The importance of Aruba as a facility to be used by PDVSA and its subsidiaries has increased in...

  • HOUSTON, Sept 20- Citgo Petroleum, aiming to start a $685 million renovation project to revive Aruba's idled refinery, has asked its cash-strapped parent company PDVSA to provide initial funding of $100 million, according to an internal document seen by Reuters.

  • LAGOS, Nigeria— Nigeria is suing several leading oil companies for $12.7 billion of crude oil that allegedly was exported illegally to the United States between 2011 and 2014, officials said Tuesday. Nigeria was Africa's largest oil producer until militant attacks cut production and Angola overtook it in March. Some shiploads registered less when they left...

  • Sept 20- Lennar Corp, the second-largest U.S. homebuilder, posted its slowest growth in orders in more than a year as it grapples with choppy demand for higher-priced homes in Houston, which has been hit hard by weak oil prices. Lennar's home sales in Houston fell for the fourth straight quarter as a slump in oil prices has weighed on the region's economy.