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Top News & Analysis Houston

  • Sept 6- EOG Resources Inc said on Tuesday it would buy privately held Yates Petroleum Corp for $2.5 billion in stock and cash, in the latest move by a U.S. energy company to acquire acreage in the Permian Basin, one of the country's most cost-effective oil fields. EOG's shares rose more than 6 percent to $94.40 early Tuesday afternoon as analysts said the deal was...

  • The ship has been moved to a dock and is no longer in the waterway, the Coast Guard said. Only a light sheen from bunker fuel, a type of diesel, has been seen in the channel, according to the Coast Guard. The tanker caught fire near the intersection of Buffalo Bayou and he San Jacinto River, the Coast Guard said.

  • In Texas, Valero Energy Corp's Houston refinery, LyondellBasell Industries' Houston refinery, Petrobras' Pasadena refinery and Royal Dutch Shell's joint-venture Deer Park refinery have crude on-site in storage tanks and also have access to long-distance and short-haul pipeline systems. The Coast Guard was conducting assessments about how long it would...

  • SINGAPORE, Sept 6- It's difficult to be anything other than cynical about Saudi Arabia and Russia saying they will work together in global oil markets through a newly-announced joint taskforce. In fact, it's likely that even at the current Brent price of around $47.67 a barrel, oil from the United States and Canada is competitive in China, the world's...

  • SINGAPORE, Sept 6- It's difficult to be anything other than cynical about Saudi Arabia and Russia saying they will work together in global oil markets through a newly-announced joint taskforce. In fact, it's likely that even at the current Brent price of around $47.67 a barrel, oil from the United States and Canada is competitive in China, the world's...

  • HOUSTON/ NEW YORK, Sept 5- Saudi Aramco and its U.S. refining joint-venture Motiva Enterprises lead the race to buy LyondellBasell Industries Houston refinery, according to three sources familiar with the matter. Reuters reported on Aug. 25 that Dutch chemical company Lyondell had retained Bank of America Merrill Lynch to help with a sale of the refinery.

  • Sept 2- The U.S. Centers for Disease Control and Prevention said on Friday that it had granted $2.4 million to five jurisdictions to help combat the spread of Zika virus. The funding for Chicago, Houston, New York City, Philadelphia, and Los Angeles County is in addition to $16.4 million awarded to various states and territories. In recent weeks, U.S. authorities...

  • CDC AWARDS $2.4 MLN TO FIVE JURISDICTIONS TO FIGHT. *Awards $2.4 million to five jurisdictions to fight Zika. *Has awarded $2.4 million to Chicago, Houston, New York City, Philadelphia, and Los Angeles County.

  • CDC- HAS AWARDED $2.4 MILLION TO CHICAGO, HOUSTON, NEW YORK CITY, PHILADELPHIA, AND LOS ANGELES COUNTY.

  • CHICAGO, Sept 1- A group of SandRidge Energy Inc shareholders is accusing the oil and gas producer of grossly understating its value, threatening to derail a prepackaged bankruptcy agreement with its lenders. Shareholders are hoping to prove SandRidge may be the rare bankruptcy where a company's assets are valuable enough to repay creditors and have money...

  • CHICAGO, Sept 1- A group of SandRidge Energy Inc shareholders are accusing the oil and gas producer of grossly understating its value, threatening to derail a prepackaged bankruptcy agreement with its lenders. Shareholders are hoping to prove SandRidge may be the rare bankruptcy where a company's assets are valuable enough to repay creditors and have money...

  • Aug 31- The U.S. government on Wednesday granted eight U.S. airlines permission to begin scheduled commercial flights to Havana starting as early as this fall, with American Airlines Group Inc being awarded 35 direct flights a week. The U.S. Transportation Department granted 20 daily Havana flights now after previously assigning routes to several Cuban...

  • Aug 31- The U.S. government on Wednesday granted eight U.S. airlines permission to begin scheduled commercial flights to Havana starting as early as this fall, with American Airlines Group Inc being awarded 35 direct flights a week. The U.S. Transportation Department granted 20 daily Havana flights now after previously assigning routes to several Cuban...

  • CARACAS/ HOUSTON, Aug 26- Venezuela's state oil company, PDVSA, has relaunched a large tender for the drilling of 600 oil wells in the world's largest crude reserves, sources with knowledge of the tender said this week, after a similar project collapsed last year amid concerns about transparency and political favoritism. Reuters reported last month that tiny...

  • Top Cities to start businesses

    CNBC ranks the emerging hot spots for small businesses based on their tax and regulatory climate, low cost of living and skilled workforce.

  • manhatten.jpg

    The 2nd U.S. Circuit Court of Appeals in Manhattan reversed a lower court judge's dismissal of investors' antitrust claims against 16 banks.

  • Houston hit by historic flood

    A historic storm brings more than 240 billion gallons of rainfall to the area.

  • Dallas County Mosquito Lab microbiologist Spencer Lockwood sorts mosquitos collected in a trap, left, Thursday, Feb. 11, 2016, in Hutchins, Texas, that had been set up in Dallas County near the location of a confirmed Zika virus infection.

    Two Texas hospitals have developed a rapid test for the Zika virus that will provide results in just a few hours.

  • CNBC Update: Scaffolding rescue

    Two window washers have been rescued after getting stuck in scaffolding on the side of the tallest building in Houston; and Russian President Putin called for global cooperation in the fight against terrorism, reports CNBC's Sue Herera.

  • A truck used to carry sand for fracking is washed in a truck stop in Odessa, Texas. As crude oil prices have fallen, many American communities that became dependent on oil revenue are preparing for hard times.

    As oil prices fell toward an 11-year low Tuesday, experts debated what this means for the Texas and broader global economy.