Top News & Analysis Houston

  • HOUSTON, Sept 12- The body of a contractor who fell into the port of Texas City, Texas when scaffodling collapsed at the Marathon Petroleum Corp refinery dock was recovered on Monday afternoon, according to KTRK-TV in Houston.

  • SPRING, Texas, Sept 12- Elizabeth Huber lost her job examining damaged oilfield pipes nearly 20 months ago and her prospects remain bleak even as oil executives cautiously plot production and budget increases. Despite crude trading 76 percent above its February lows and energy companies shifting focus from survival to recovery, white-collar jobs in the...

  • SPRING, Texas, Sept 12- Elizabeth Huber lost her job inspecting oilfield pipes nearly 20 months ago and her prospects remain bleak even as oil executives cautiously plot production and budget increases. Despite crude trading 75 percent above its February lows and energy companies shifting focus from survival to recovery, white-collar jobs in the sector...

  • SPRING, Texas, Sept 12- Elizabeth Huber lost her job inspecting oilfield pipes nearly 20 months ago and her prospects remain bleak even as oil executives cautiously plot production and budget increases. Despite crude trading 75 percent above its February lows and energy companies shifting focus from survival to recovery, white-collar jobs in the sector...

  • CHICAGO, Sept 9- SandRidge Energy Inc won court approval for a plan to exit bankruptcy on Friday, overcoming opposition from shareholders who had accused the oil and gas producer of misrepresenting its value. Bankruptcy Judge David Jones said he read every letter he received from individual shareholders, some of whom lost their entire savings, when SandRidge...

  • CHICAGO, Sept 8- The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retailers. United Parcel Service Inc said on Thursday it is seeing a bump in demand for its freight services and is working with...

  • LONDON, Sept 7- Algeria is sending crude oil to Cuba for the first time to help offset lower supplies from the island's closest ally, Venezuela, where low prices have caused the steepest production decline in more than a decade, sources with direct knowledge said on Wednesday. The cargo would be the OPEC member's first crude delivery to Cuba, sources who monitor its...

  • LONDON, Sept 7- Algeria is sending crude to Cuba for the first time to help offset lower supplies from Venezuela, hit by production problems due to low oil prices, sources with direct knowledge said. The cargo would be the OPEC member's first crude delivery to Cuba, sources who monitor its exports said. Cuba relies almost exclusively on Venezuela, also an OPEC member,...

  • Apache said it held more than 300,000 acres in the field it calls " Alpine High", most of the acreage being in Reeves County, Texas. "We are incredibly excited about the Alpine High play and its large inventory of repeatable, high-value drilling opportunities," Chief Executive John Christmann said in a statement. Houston- based Apache has operations in the Permian...

  • Sept 7- Noble Midstream Partners LP expects to raise as much as $263 million in its initial public offering after withdrawing plans to go public earlier. The wholly owned unit of Noble Energy Inc said on Wednesday it expects to price the offering of 12.5 million common units at between $19 and $21. Morgan, BofA Merrill Lynch, Citigroup, and Deutsche Bank Securities...

  • *Deal cuts Steinhoff exposure to South Africa, jacks up debt. JOHANNESBURG, Sept 7- As the winner of several big horse races in South Africa, Variety Club's local dominance was never in doubt. Now, aiming to replace IKEA as the world's biggest furniture retailer, Jooste is venturing into the United States with the $3.8 billion acquisition last month of Houston- based...

  • 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.