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  • HOUSTON _ Flotek Industries Inc. on Tuesday reported a loss of $2.3 million in its second quarter. Flotek Industries shares have climbed 15 percent since the beginning of the year. Keywords: Flotek Industries, Earnings Report.

  • HOUSTON _ McDermott International Inc. on Tuesday reported second-quarter net income of $20.7 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share. Five analysts surveyed by Zacks expected $736 million.

  • CARACAS/ BOGOTA, July 26- Even for Venezuela's notoriously opaque economy, it was a sweetheart deal that went too far. Last August, state oil company Petroleos de Venezuela SA issued one of its largest tenders in recent years: a multi-billion dollar project in the Orinoco Belt, the world's largest crude reserve. Trenaco, headquartered in Switzerland but largely...

  • HOUSTON _ Allegiance Bancshares Inc. on Tuesday reported net income of $5.3 million in its second quarter. Allegiance Bancshares shares have increased nearly 7 percent since the beginning of the year. Keywords: Allegiance Bancshares, Earnings Report.

  • NEW YORK, July 26- U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. "Right now, the only thing that would drive prices higher is robust demand," said John Paisie, executive vice president at Stratas Energy Advisors, a Houston- based consultancy. Instead of seeing $60 a barrel, which would support an increase in production, the...

  • NEW YORK, July 26- U.S. oil prices topped $50 a barrel in June, boosting optimism a two-year price rout might end. "Right now, the only thing that would drive prices higher is robust demand," said John Paisie, executive vice president at Stratas Energy Advisors, a Houston- based consultancy. Instead of seeing $60 a barrel, which would support an increase in production, the...

  • HOUSTON _ Superior Energy Services Inc. on Monday reported a loss of $470.9 million in its second quarter. The average estimate of 15 analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share. Twelve analysts surveyed by Zacks expected $364.6 million.

  • Houston oilfield services company Baker Hughes Inc. said Friday that 371 rigs sought oil and 88 explored for natural gas this week. Among major oil- and gas-producing states, Texas gained 15, California was up by two and New Mexico gained one. Arkansas, Colorado, North Dakota, Ohio, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming were unchanged.

  • "The lease terms are awful, you could buy the car for what they are being leased for, or maybe even less," said Greg McBride, chief financial analyst at Bankrate, of Uber's Xchange leasing program. The California Public Utilities Commission is probing whether some of these leasing and renting arrangements run afoul of its requirement that ride share drivers use a "...

  • NEW YORK, July 22- U.S. independent refiners such as Valero Energy Corp and Phillips 66 look set to post another quarter of disappointing earnings, putting the industry on track for its worst year since the U.S. shale boom began in 2011.. High volumes of imports, combined with refiners switching to maximum gasoline output earlier than usual, resulted in...

  • HOUSTON _ Oceaneering International Inc. on Thursday reported second-quarter earnings of $22.3 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. Oceaneering International shares have dropped 20 percent since the beginning of the year.

  • HOUSTON _ Crown Castle International Corp. on Thursday reported a key measure of profitability in its second quarter. The real estate investment trust, based in Houston, said it had funds from operations of $392.5 million, or $1.16 per share, in the period. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from...

  • NEW YORK— A Texas man who acted as a secret agent for the Russian government and illegally exported cutting-edge military technology to Russia has been sentenced to 10 years in prison. He owned Houston- based Arc Electronics Inc.. Prosecutors say his company shipped about $50 million worth of technologies to Russia between 2002 and 2012..

  • MELBOURNE/ MILAN/ LONDON- July 21- Forced to shut its $54 billion Gorgon liquefied natural gas export plant twice in its first five months, Chevron Corp now faces calls from union officials for a probe into the site's safety. The Australian Manufacturing Workers' Union has told Reuters it has formally requested access to the site. "Chevron Australia is in...

  • HOUSTON _ Stewart Information Services Corp. on Thursday reported second-quarter profit of $23.6 million. Stewart Information Services shares have increased 14 percent since the beginning of the year. Keywords: Stewart Information Services, Earnings Report.

  • HOUSTON _ Kinder Morgan Inc. on Wednesday reported second-quarter profit of $372 million. The average estimate of nine analysts surveyed by Zacks Investment Research was also for earnings of 15 cents per share. Kinder Morgan shares have climbed 48 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 6...

  • HOUSTON _ FMC Technologies Inc. on Wednesday reported second-quarter earnings of $2.2 million. The average estimate of 32 analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share. FMC Technologies shares have decreased slightly more than 4 percent since the beginning of the year, while the Standard& Poor's 500 index has risen...

  • NEW YORK, July 20- Oil prices rose as much as 1 percent on Wednesday, lifting U.S. crude from two-month lows, after the U.S. government reported a ninth straight week of crude inventory draws, easing some concerns in a market worried about a glut. U.S. gasoline prices, however, hit four-month lows after the data from the U.S. Energy Information Administration also...

  • WASHINGTON— In a story July 15 about an American woman detained in China, The Associated Press erroneously reported a U.N. panel's description of the accusations against her. WASHINGTON— The State Department says that Chinese authorities have informed the U.S. they will bring a legal case against an American businesswoman who has been detained for more than a...

  • July 20- United Continental Holdings Inc is reviewing its management structure and how it routes flights through various hubs in an effort to operate more efficiently and cut costs, Chief Executive Officer Oscar Munoz said in an employee letter that Reuters saw on Wednesday. Separately, United said in a filing on Wednesday that it expected to cut flight...