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Top News & Analysis Houston

  • HOUSTON, Sept 6- The Houston Ship Channel re-opened to some vessel traffic on Tuesday afternoon, the U.S. Coast Guard said, after an early morning tanker fire prompted closure of the waterway. Coast Guard Houston Vessel Traffic Service said it would commence with tow vessel transit outbound from Old River and San Jacinto River. Only a light sheen from bunker fuel, a...

  • pumpjack, oil

    EOG Resources said it would buy Yates Petroleum for $2.5 billion, the latest move by a U.S. energy firm to acquire acreage in the Permian Basin.

  • The ship was moved to a dock and was 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 the San Jacinto River, the Coast Guard said.

  • 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...

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  • 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.