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Top News & Analysis Houston

  • Houston oilfield services company Baker Hughes Inc. said Friday that 597 rigs sought oil and 153 explored for natural gas this week. Louisiana lost three rigs, New Mexico declined by two and Alaska, North Dakota and Oklahoma each lost one. Arkansas, California, Colorado, Kansas, Ohio, Pennsylvania, West Virginia and Wyoming were all unchanged.

  • Pennsylvania environmental regulators have found a likely correlation between a natural gas company's fracking operation and a series of tiny earthquakes in western Pennsylvania last year. Fracking, a method to extract gas or oil from underground shale rock, has been tied to earthquakes in neighboring Ohio and other states, but never before in...

  • HOUSTON _ Spectra Energy Corp. on Friday reported fourth-quarter net income of $115 million, after reporting a loss in the same period a year earlier. The Houston- based company said it had profit of 16 cents per share. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.

  • The traps act like "a field biologist in real time that's making choices about the insects it wants to capture," said Microsoft lead researcher Ethan Jackson, who displayed a prototype trap at a meeting of the American Association for the Advancement of Science in Boston. The traps are part of Microsoft's broader Project Premonition, aimed at learning how to spot...

  • HOUSTON _ MRC Global Inc. on Thursday reported a loss of $18 million in its fourth quarter. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share. Eight analysts surveyed by Zacks expected $752.3 million.

  • TORONTO/ CALGARY, Feb 16- ConocoPhillips has decided to sell several of its Canadian conventional natural gas assets in a deal that could fetch as much as $2 billion as the biggest U.S. independent oil producer pulls back further from Canada, people familiar with the matter told Reuters. Several investment banks have made pitches to ConocoPhillips in recent...

  • TORONTO/ CALGARY, Feb 16- ConocoPhillips has decided to sell several of its Canadian conventional natural gas assets in a deal that could fetch as much as $2 billion, as the biggest U.S. independent oil producer aims to trim debt, people familiar with the matter told Reuters. Several investment banks have made pitches to ConocoPhillips in recent weeks and the...

  • HOUSTON _ Waste Management Inc. on Thursday reported fourth-quarter net income of $335 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share. Five analysts surveyed by Zacks expected $3.42 billion.

  • HOUSTON _ Midcoast Energy Partners LP on Wednesday reported a loss of $22.2 million in its fourth quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share. Midcoast Energy shares have increased 14 percent since the beginning of the year.

  • HOUSTON _ Parker Drilling Co. on Wednesday reported a loss of $48.9 million in its fourth quarter. On a per-share basis, the Houston- based company said it had a loss of 39 cents. For the year, the company reported that its loss widened to $230.8 million, or $1.86 per share.

  • HOUSTON _ Oil States International Inc. on Wednesday reported a fourth-quarter loss of $10.6 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share. Oil States International shares have climbed slightly more than 4 percent since the...

  • HOUSTON _ Carriage Services Inc. on Wednesday reported fourth-quarter net income of $4.1 million. On a per-share basis, the Houston- based company said it had profit of 22 cents. Carriage Services shares have dropped slightly more than 3 percent since the beginning of the year.

  • HOUSTON _ Marathon Oil Corp. on Wednesday reported a loss of $1.37 billion in its fourth quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share. Marathon Oil shares have fallen almost 6 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed nearly 5 percent.

  • REFUGIO, Texas— A natural gas pipeline ruptured early Wednesday in South Texas, causing an explosion that shook homes miles away and a fireball that lit up the night sky. Nathan Brandley said the explosion occurred shortly after midnight near Refugio, a rural community about 15 miles from the Texas coast and north of Corpus Christi. The line is owned by Houston-...

  • HOUSTON _ Now Inc. on Wednesday reported a loss of $71 million in its fourth quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 36 cents per share. Five analysts surveyed by Zacks expected $538.4 million.

  • CHICAGO— Competitors of Chicago- based Exelon Corp. filed a federal lawsuit Tuesday opposing legislation that provides billions of dollars in subsidies to the power giant. The legislation approved in December provides as much as $235 million per year to Exelon to keep unprofitable nuclear plants running in Clinton and the Quad Cities.

  • A woman is rescued due to sever weather in Houston, Texas.

    Here are some of the key stories CNBC is following this hour.

  • HOUSTON, Feb 14 (Reuters)- Storms packing heavy rains, lashing winds and tornadoes hit the Houston metropolitan area on Tuesday, ripping roofs off homes, blowing windows out of frames and leaving tens of thousands of people without power. Two tornadoes were reported to have touched down in Fort Bend County, about 30 miles (50 kms) southwest of Houston, causing damage...

  • AUSTIN, Texas, Feb 14- The National Weather Service on Tuesday issued a tornado watch and warning for Houston, the fourth most-populous U.S. city, and large parts of the metro region as a storm packing heavy rain and slashing wind hits the area. A relatively weak tornado touched down about 30 miles southwest of Houston in Fort Bend County, but no injuries or major...

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...