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Top News & Analysis Houston

  • July 18- BP Plc is considering an initial public offering of its vast U.S. Midwest and Gulf Coast pipeline assets, the company said on Tuesday, a move that would raise cash. The proposed spinoff, which would be called BP Midstream Partners, revives a plan first broached internally about five years ago before slumping crude oil prices caused the company to put the...

  • The measure delays by eight more years the implementation of 2015 air pollution standards issued by the Environmental Protection Agency under the prior administration. Similar legislation is advancing in the GOP- controlled Senate. More than a dozen major health organizations opposed the bill, including the National Medical Association, the American...

  • July 18- BP Plc is looking at spinning off U.S. pipeline assets in the U.S. Gulf and Midwest in an initial public offering, the company said on Tuesday. They include rival Royal Dutch Shell Plc, which raised nearly $1 billion in an IPO of its midstream assets in June, 2014, along with independent refiners like Valero Energy Corp, Tesoro Corp, and Marathon Petroleum...

  • Maduro's leftist government vowed to proceed with the July 30 vote for the new Constituent Assembly despite what it called a "brutal interventionist" threat from its ideological foe. That official stressed "all options are on the table," including possible measures against Venezuela's vital oil sector, as Washington seeks to head off the July 30 vote, which it...

  • DALLAS— A third Texas man has pleaded guilty over what federal prosecutors call a more than $6 million diamond investment scam. The 65- year-old Otteson appeared before a judge in Dallas over a scheme that investigators say ran from March 2011 to late 2013.. Jay Bruce Heimburger of Dallas last week pleaded guilty to mail fraud.

  • PEARLAND, Texas— A 70- year-old Army veteran has been fired from a Houston- area Home Depot after trying to stop suspected shoplifters from taking thousands of dollars' worth of merchandise. KTRK-TV in Houston reports that Jim Tinney says he was fired last month from the store in Pearland. The Home Depot said in a statement that only trained company security...

  • WASHINGTON— Julian Senn-Raemont isn't convinced he needs to buy health insurance when he loses coverage under his dad's plan in a couple of years— no matter what happens in the policy debate in Washington, or how cheap the plans are. The 24- year-old musician hasn't known a world without a health care safety net. "I'm playing the odds," said Senn-Raemont, who lives in...

  • More than 500,000 visitors have flocked to Meow Wolf's kaleidoscopic walk- and crawl-through exhibit space since it opened in a converted Santa Fe bowling alley in early 2016. The offering appeals directly to Meow Wolf's fan base to help outfit a creative studio in Santa Fe with heavy manufacturing equipment, while hiring a new creative team.

  • HOUSTON, July 14- An earthquake with a preliminary magnitude of 4.2 on Friday struck Stroud, Oklahoma, about 20 miles from the key oil storage hub in Cushing, Oklahoma, the Oklahoma Geological Survey said. Oil companies operating the tanks and pipelines around the Cushing hub have reported no damage to their facilities. The Cushing storage hub is the delivery hub...

  • CALGARY/ TORONTO, July 14- Cenovus Energy Inc's search for a new chief is focusing on external candidates with strong technical skills to help stabilize a company whose shares have nearly halved after an unpopular acquisition. Among the potential candidates Cenovus is likely to consider for the top job include Devon Canada President Rob Dutton, MEG Energy...

  • HOUSTON, July 14- An earthquake with a preliminary magnitude of 4.2 on Friday struck Stroud, Oklahoma, about 20 miles from the key oil storage hub in Cushing, Oklahoma, the Oklahoma Geological Survey said. There have been no initial reports of damage from the quake, Oklahoma Corporation Commission spokesman Matt Skinner said by phone, cautioning that it was still...

  • HOUSTON/ HAVANA, July 13- Venezuela's crude and fuel deliveries to Cuba have slid almost 13 percent in the first half this year, according to documents from state-run oil company PDVSA viewed by Reuters, threatening to worsen gasoline and power shortages in the communist-run island. Venezuela's shipments of crude for Cuba's refineries dropped 21 percent to...

  • CAPE CANAVERAL, Fla., July 12- A privately owned company plans to use robotic spacecraft to launch a series of commercial missions to the moon, some 45 years after NASAs last lunar landing, officials said on Wednesday. Cape Canaveral, Florida- based Moon Express is developing a fleet of low-cost robotic spacecraft that can be assembled like Legos to handle...

  • BUENOS AIRES, July 12- Argentina needs oil rigs to develop its vast shale oil and gas resources. But moving that machinery from the plains of Texas to the windswept Patagonian desert is proving complex and costly for global oil majors who say Argentina's protectionist past is slowing efforts to spark its own shale revolution. A move by Argentina's government to...

  • BUENOS AIRES, July 12- Argentina needs oil rigs to develop its vast shale oil and gas resources. But moving that machinery from the plains of Texas to the windswept Patagonian desert is proving complex and costly for global oil majors who say Argentina's protectionist past is slowing efforts to spark its own shale revolution. A move by Argentina's government to...

  • One of two Apple campuses in Austin. Texas' Apple operations are second only to the Cupertino/Bay Area in California. Apple employs more than 8,000 people in the Lone Star State.

    Texas again beat California as the top technology-exporting state in America as it attracts Apple, Amazon, Google, Facebook and others.

  • *$1.6 billion award reduced in March to $188 million. NEW YORK, July 11- A U.S. appeals court said on Tuesday that Exxon Mobil Corp cannot enforce a large international arbitration award against Venezuela stemming from an asset seizure in 2007, when the country was nationalizing its oil industry. The 2nd U.S. Circuit Court of Appeals in Manhattan said a lower court...

  • July 11- Shale oil producer Halcón Resources Corp said on Tuesday it would sell most of its North Dakota operations for $1.4 billion cash, part of a plan to shift its focus to Texas' Permian Basin, the largest U.S. oilfield. The deal with privately held Bruin E&P Partners LLC focuses Halcón on the most-active area in the U.S. oil industry and marks a stunning...

  • CHICAGO, July 11- American technology. In Texas, Microsoft is testing a smart trap to isolate and capture Aedes aegypti mosquitoes, known Zika carriers, for study by entomologists to give them a jump on predicting outbreaks. The Zika epidemic that emerged in Brazil in 2015 and left thousands of babies suffering from birth defects has added urgency to the effort.

  • CARACAS, July 10- Venezuela's state oil producer, PDVSA, said in a statement it is guaranteeing "legal security" for all foreign companies in the leftist-run nation, rebuffing a government adviser's suggestion that their operations could be nationalized. But PDVSA, whose full name is Petroleos de Venezuela, was quelling fears that a more radical wing of the...