Top News & Analysis Houston

  • Texas jumped by 17 rigs, Oklahoma increased by seven, North Dakota was up three and Ohio two. New Mexico, Pennsylvania, Utah and West Virginia increased one apiece. Alaska, Arkansas, California, Colorado, Kansas, Louisiana and Wyoming were all unchanged.

  • NEW YORK— Schlumberger NV on Friday reported another loss during its most recent fourth quarter as low energy prices continue to impact revenue. Still, the results met Wall Street expectations, with the average estimate of 17 analysts surveyed by Zacks Investment Research for earnings of 27 cents per share. The company, with bases in Paris, Houston, London and The...

  • CAMERON, La.— Federal regulators say a pipeline is leaking natural gas and liquid hydrocarbons in the Gulf of Mexico off Louisiana. The Bureau of Safety and Environmental Enforcement and the U.S. Coast Guard are responding to the leak in waters roughly 30 miles southwest of Cameron, Louisiana. The pipeline is operated by Houston- based Kinetica Partners LLC.

  • Former President George H.W. Bush, left, talks with former Secretary of State and close friend James Baker III at NRG Stadium on November 2, 2014 in Houston, Texas.

    the 92-year-old former president was placed under sedation for a procedure to protect and clear his airway.

  • HOUSTON _ Kinder Morgan Inc. on Wednesday reported fourth-quarter net income of $209 million, after reporting a loss in the same period a year earlier. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Kinder Morgan shares have risen slightly more than 8 percent since the beginning of the year,...

  • Kinder Morgan reported a net profit attributable to shareholders of $170 million, or 8 cents per share, in the fourth quarter ended Dec. 31, compared with a loss of $721 million, or 32 cents per share, a year earlier. The year-earlier quarter included a $1.1 billion impairment charge. The Houston- based company's revenue fell to $3.39 billion from $3.64 billion.

  • Elliott and Bluescape, which was founded by ex- TXU Corp. CEO John Wilder, said in a filing that NRG's shares were "deeply undervalued." NRG, an electric power company with headquarters in Princeton, New Jersey and Houston Texas, saw its stock rise 5.9 percent to $15.47 on the New York Stock Exchange on Tuesday. Wilder is credited with overhauling electric utility TXU...

  • Jan 17- Shipping operations at one of three docks of Venezuela's main crude exporting port were halted after an oil spill occurred while loading a vessel bound for India, union and shipping sources told Reuters on Tuesday. The spill, which happened over the weekend at Jose port's Eastern dock and whose size has not yet been disclosed, also affected other tankers...

  • WASHINGTON, Jan 17- The U.S. Supreme Court on Tuesday allowed private antitrust lawsuits brought by investors including big U.S. cities accusing major banks of conspiring to manipulate the pivotal Libor benchmark interest rate to move forward. The justices rejected an appeal filed by a group of banks including Bank of America Corp, Deutsche Bank AG, UBS AG and...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 522 rigs sought oil and 136 explored for natural gas this week. Colorado, North Dakota, Ohio and Pennsylvania fell by one each. Alaska, Arkansas, California, Kansas, New Mexico, Utah and West Virginia were all unchanged.

  • CARACAS, Jan 13- Venezuelan state energy company PDVSA projects oil production will remain near 23- year lows in 2017, an internal document shows, suggesting more hardship ahead for the crisis-wrought OPEC member country. Cash-squeezed PDVSA, which accounts for nearly all of Venezuela's export revenues and is the socialist government's financial motor,...

  • NEW YORK/ WASHINGTON, Jan 12- Amazon.com Inc on Thursday said it will create more than 100,000 jobs in the United States, from software development to warehouse work, in its latest move to win over shoppers by investing in faster delivery. At least 16 new U.S. fulfillment centers are in the works for this year and next, said Marc Wulfraat, president of logistics...

  • NEW YORK/ WASHINGTON, Jan 12- Amazon.com Inc on Thursday said it will create more than 100,000 jobs in the United States, from software development to warehouse work, in its latest move to win over shoppers by investing in faster delivery. At least 16 new U.S. fulfillment centers are in the works for this year and next, said Marc Wulfraat, president of logistics...

  • WASHINGTON, Jan 11- Secretary of State nominee Rex Tillerson expressed views on Wednesday at odds with President-elect Donald Trump's positions on key foreign policy issues like nuclear proliferation, trade deals, climate change and relations with Mexico. In a nine-hour Senate confirmation hearing, the former chief executive of oil company Exxon Mobil...

  • WASHINGTON, Jan 11- Secretary of State nominee Rex Tillerson expressed views on Wednesday at odds with President-elect Donald Trump's positions on key foreign policy issues like nuclear proliferation, trade deals, climate change and relations with Mexico. In a nine-hour Senate confirmation hearing, the former chief executive of oil company Exxon Mobil...

  • HOUSTON— Federal officials say a Houston company is recalling more than 3,500 pounds of chicken breast product due to mislabeling and undeclared allergens. The U.S. Department of Agriculture's Food Safety and Inspection Service says the chicken— produced by Perfect Fit Meals— might contain milk and wheat, known allergens that aren't declared on the product...

  • WASHINGTON, Jan 11- President-elect Donald Trump's nominee for secretary of state, Rex Tillerson, said on Wednesday he favored maintaining current U.S. sanctions against Russia for now and that NATO allies were right to be alarmed by Moscow's growing aggression. Tillerson's backing for a more assertive policy toward Russia than Trump has espoused was...

  • WASHINGTON, Jan 11- President-elect Donald Trump's nominee for secretary of state, Rex Tillerson, said on Wednesday he favored maintaining current U.S. sanctions against Russia for now and that NATO allies were right to be alarmed by Moscow's growing aggression. But Tillerson's support for a more assertive policy toward Russia than Trump has espoused was...

  • WASHINGTON, Jan 11- President-elect Donald Trump's nominee for secretary of state, Rex Tillerson, said on Wednesday he favored maintaining current U.S. sanctions against Russia for now and said NATO allies were right to be alarmed by Moscow's aggression, but he refrained from calling Russian President Vladimir Putin a war criminal. Relations with Russia...

  • *Existing line already faces challenges in Michigan. CALGARY, Alberta, Jan 11- Enbridge Inc may be set for a bruising legal battle in Wisconsin after a Native American tribe voted against renewing land use agreements on a major crude oil pipeline, potentially shutting down a conduit that has been in operation since the 1950 s, legal experts said.