Top News & Analysis Houston

  • Geneva- based Petro-Logistics earns money from the lack of timely and complete information from OPEC members and other oil exporters like Russia in the 95 million barrels-per-day global market, by tracking shipments to estimate production and supply. The deal will heighten interest in assessments of OPEC production, to see the extent to which it makes good...

  • AUSTIN, Texas, Dec 15- The Texas city of Corpus Christi told its nearly 320,000 residents on Thursday to stop using tap water due to possible contamination from an industrial chemical leak and said it will distribute bottled water to residents. The Gulf of Mexico coastal city, home to oil and petrochemicals operations and a large port, asked residents to use only...

  • AUSTIN, Texas, Dec 15- The Texas city of Corpus Christi told its nearly 320,000 residents on Thursday to stop using tap water due to possible contamination from an industrial chemical leak, sparking a run on bottled water. The chemical may have contaminated Corpus Christi drinking water due to a "back-flow incident in the industrial district," the city said,...

  • AUSTIN, Texas, Dec 15- The Texas city of Corpus Christi told its nearly 320,000 residents on Thursday to stop using tap water due to possible contamination from an industrial chemical leak, sparking a run on bottled water. The chemical may have contaminated Corpus Christi drinking water due to a "back-flow incident in the industrial district," the city said,...

  • Geneva- based Petro-Logistics earns money from the lack of timely and complete information from OPEC members and other oil exporters like Russia in the 95 million barrels-per-day global market, by tracking shipments to estimate production and supply. The deal will heighten interest in assessments of OPEC production, to see the extent to which it makes good...

  • Dec 14- Exxon Mobil Corp said on Wednesday its president, Darren Woods, will become chief executive and chairman in January following the retirement of Rex Tillerson, who is U.S. President-elect Donald Trump's choice for secretary of state. Tillerson, 64, will retire at the end of the year and Woods, 51, will take over effective Jan. 1, Exxon, the world's largest...

  • The unit, whose onshore operations span five states- Colorado, New Mexico, Oklahoma, Texas and Wyoming- and seven oil and gas basins, has average daily net production of about 300,000 barrels of oil equivalent. Denver is a logical- and strategic- place for us to be and a natural fit for our business, " BP Lower 48 Chief Executive David Lawler said. A number of employees from...

  • WASHINGTON, Dec 13- U.S. Senate Democrats plan to enlist accountants and legal experts to pore through the business records of Exxon Mobil Chief Executive Rex Tillerson, President-elect Donald Trump's pick for secretary of state, Democratic aides said. Tillerson could face a rocky confirmation process, given concerns among both Democrats and Republicans...

  • BEIJING/ HOUSTON, Dec 13- China's Guangdong Zhenrong Energy Co will submit a plan by April to revamp a century-old oil refinery in Curacao, as it seeks to secure a $5.5 billion project that will give China a foothold in the Caribbean's second-largest oil refinery. If the deal goes ahead, the Chinese firm would replace Venezuela's cash-strapped state oil firm...

  • NEW YORK, Dec 8- Oil rebounded from the week's lows to close above $50 a barrel on Thursday, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production. Both Brent and U.S. benchmarks rallied after the former secretary general of the Organization of the Petroleum Exporting Countries made comments...

  • NEW YORK, Dec 8- Oil rebounded from the week's lows to close above $50 a barrel on Thursday, on growing optimism that non-OPEC producers might agree to cut output following a cartel agreement to limit production. Both Brent and U.S. benchmarks rallied after comments by the former secretary general of the Organization of the Petroleum Exporting Countries...

  • NEW YORK, Dec 8- Oil traders who bought U.S. crude call options before OPEC's agreement last week to cut output did not get the windfall they were expecting as the rally in those options fell short of crude's massive surge. Early last week ahead of the Organization of Petroleum Exporting Countries meeting, traders piled into inexpensive West Texas Intermediate...

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...

  • *Seven tankers send U.S. crude worth about $150 million to Asia. SINGAPORE, Dec 7- Oil major BP is shipping almost 3 million barrels of U.S. crude to customers across Asia, pioneering a lengthy and complex operation likely to become more popular after OPEC last week announced deep production cuts. Now, using its global shipping and trading network, BP was able to...

  • NEW YORK, Dec 7- Want to save a few quick bucks on your holiday shopping? Your credit card may offer some little-known perks that could save you money both upfront and after the purchase. "These perks can really help in certain circumstances, but most people don't know that they are there to be taken," said Matt Schulz, senior industry analyst at creditcards.com.

  • WASHINGTON/ CANNON BALL, N.D., Dec 6- The company building the Dakota Access Pipeline turned to a federal judge late on Monday for a permit to finish the job after the federal government ruled against the controversial pipeline. The Army Corps knows whether or not it has granted an easement across federal property. The Army Corps has wide discretion in this issue, "...

  • DETROIT, Dec 6- Ford Motor Co is stockpiling 2017 model F-150 trucks, delaying delivery to dealers while it runs final tests on a new 10- speed transmission, a top executive told Reuters. The trucks should be delivered by the end of the year, Joe Hinrichs, head of Ford's automotive operations in the Americas said in an interview on Monday. The Ford F-series line of...

  • Dec 5- A unit of Venezuela's state-run oil company PDVSA has asked a U.S. court to order two businessmen to compensate it for carrying out a "staggering" bribery scheme that cost the company $600 million in losses. A motion filed last Wednesday in federal court in Houston marked the first time PDVSA had formally intervened in the case, part of a U.S. Justice...

  • HOUSTON, Dec 5- The U.S. Army's denial of an easement for the Dakota Access Pipeline, after permitting and legal obligations were followed, sets an uncertain precedent for new projects despite President-elect Donald Trump's promise to support energy infrastructure. While most of the 1,172- mile pipeline is complete, Energy Transfer Partners, the line's owner,...