GO
Loading...

Enter multiple symbols separated by commas

Top News & Analysis Houston

More

  • HOUSTON, July 15- Kinder Morgan Inc is considering more export opportunities from Texas and the U.S. "The market is very ripe in Houston right now, it's just a matter of which product makes the most sense," John Schlosser, head of Kinder Morgan's terminals division, said during a quarterly earnings call. Kinder Morgan already exports refined products and has...

  • WASHINGTON, July 14- Within hours of the announcement of an Iran nuclear deal early on Tuesday, lawyers around Washington were fielding calls from U.S. corporate clients eager to know what the 159- page deal would mean for their business prospects. U.S. companies face losing out to foreign competitors in Iran as they wait for signs that Tuesday's historic...

  • WILLISTON, N.D./ HOUSTON, July 9- A handful of optimistic U.S. shale drillers are sticking with plans to deploy more rigs in the coming months even as oil prices take a sharp dive well below many producers' $60- a-barrel breakeven point. On Wednesday, Pioneer Natural Resources Co. became the first big company to publicly confirm it was drilling more wells, saying it had...

  • NEW YORK/ LONDON/ HOUSTON, July 9- In early May, with its legal options dwindling and investors impatient, BP Plc saw a chance to negotiate what became a $18.7 billion settlement that ended five years of litigation over the worst offshore oil spill in U.S. history. An unexpected opportunity to secure a global deal that would wipe the slate clean of hundreds of claims...

  • July 8- U.S. shale exploration and production company Pioneer Natural Resources Co said on Wednesday it is increasing drilling activity in Texas following the sale of its stake in an Eagle Ford shale pipeline and processing business. North Dakota oil producer WPX Energy Inc said last month it would add two drilling rigs later this year, a decision that is...

  • Columbia Pipeline Group rings NYSE opening bell Wednesday, 8 Jul 2015 | 10:14 AM ET
    The New York Stock Exchange.

    Columbia Pipeline Group executives rang the opening bell Wednesday, marking the start of trading at the NYSE.

  • HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...

  • *Some caution prevails over long July 4 weekend, Greece and Iran. But with the Greek debt crisis unresolved and Iran nuclear talks pending, and Friday's U.S. The market is also expecting latest weekly estimate on the U.S. oil rig count from industry firm Baker Hughes at 1:00 p.m. EDT.

  • SAO PAULO, July 2- Brazilian police arrested Jorge Zelada, former head of Petrobras' international division, as part of an ongoing investigation into bribery and corruption at the state-run oil producer, prosecutors said on Thursday. Prosecutors said Zelada, who led the international division from 2008 to 2012, was suspected of receiving bribes on a drillship...

  • They also agreed to wind down their AlphaBridge Fixed Income Master Fund and two similarly named "feeder funds," which were all launched in 2001, and Carino accepted a three-year ban from the securities industry, the SEC said. Instead, the SEC said the defendants by 2010 were generating those valuations themselves, and encouraging broker-dealers to pass them...

  • HOUSTON, July 1- A surge in West Texas oil pipeline startups and expansions has squeezed viability of some crude-by-rail terminals in the region, but increased output of ultra-light condensate could give them a niche pipelines cannot fill, a top rail operator in the region said on Wednesday. "The big topic used to be that there wasn't enough takeaway capacity out...

  • *Appomattox project set to start production by end of decade. LONDON, July 1- Royal Dutch Shell has given the green light for the development of its largest platform in the Gulf of Mexico after making steep cost cuts which made the deep water project economical despite low oil prices. The decision to pour billions of dollars into the Appomattox project comes as...

  • NEW YORK, July 1- U.S. crude oil inventories rose last week for the first time since April, while gasoline stocks decreased unexpectedly, data from the Energy Information Administration showed on Wednesday. "The crude build was definitely a surprise as was the Cushing build," said Tariq Zahir, managing member at Tyche Capital Advisors in Laurel Hollow, New York.

  • June 24- Lennar Corp, the second-largest U.S. homebuilder, reported a better-than-expected jump in quarterly profit as it sold more homes at higher prices across the United States, especially in the West and Southeast Florida markets. Homebuilders Meritage Homes Corp, KB Home, PulteGroup Inc, D.R. Horton Inc and many of the sector's other stocks were trading 1-3...

  • U.S. industrial natural gas usage falls unexpectedly Friday, 19 Jun 2015 | 4:19 PM ET

    June 19- U.S. manufacturers have not soaked up as much excess shale gas in the first half of 2015 as expected, but the shortfall may be an anomaly as a Gulf Coast manufacturing boom is poised to insulate the sector from seasonal demand fluctuations. "The industrial sector has become more temperature-sensitive over the years, so it's not surprising industrial...

  • June 18- The U.S. Department of Justice said on Thursday that 243 people have been arrested across the country, charged with submitting fake billing for Medicare, a government healthcare program, that totaled $712 million. The charges are based on a variety of alleged fraud schemes, the government said, including submitting claims to Medicare and Medicaid, the...

  • June 18- PBF Energy Inc agreed to pay $322 million to acquire the 189,000- barrel-per-day Chalmette oil refinery in Louisiana and related assets from Exxon Mobil Corp and Venezuela's national oil company, Petroleos de Venezuela SA. The purchase marks PBF's entrance into the U.S. Gulf Coast, where it had lost out on a bid in 2011 for Texas City Refinery, then owned...

  • NEW YORK, June 17- Magellan Midstream Partners LP, one of the ten largest U.S. oil pipeline companies, is considering opening an oil trading operation for the first time to enter a business that generates hundreds of millions of dollars a year for some of its rivals. Magellan may hire traders and acquire other assets related its existing pipeline and oil storage...

  • AUSTIN, Texas, June 17- Tropical Depression Bill drenched large parts of Texas on Wednesday, turning streets into lakes, raising flood worries and killing at least one person in the state where severe weather killed about 30 people last month. "This event is not over," Texas Governor Greg Abbott said at a news conference. Rainfall is expected to be 4 to 8 inches over...

  • UPDATE 1-Tropical Depression Bill batters Texas, kills one Wednesday, 17 Jun 2015 | 11:16 AM ET

    AUSTIN, Texas, June 17- Tropical Storm Bill was downgraded to a tropical depression on Wednesday as it moved across Texas but still brought heavy rains that flooded streets and left at least one person dead in the state where severe weather killed about 30 people last month. Rainfall is expected to be 4 to 8 inches over eastern Texas and eastern Oklahoma and 3 to 6...