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Top News & Analysis Houston

  • NEW YORK, June 28- U.S. pipeline operators are selling their underused space at steep discounts to keep crude flowing- angering shippers and distorting an already opaque market for oil trading. around the United States every day. "If I were a producer with a long-term contract, I would be very unhappy at the present time, said Rick Smead, managing director of advisory...

  • THUNDER HORSE OIL PLATFORM, Gulf of Mexico, June 27- A bout 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year. This is just one of the four Gulf of Mexico platforms on which BP has staked its future in U.S. oil production.

  • THUNDER HORSE OIL PLATFORM, Gulf of Mexico, June 27- A bout 300 BP workers commute 150 miles here by helicopter, from the Louisiana coast to a deep-sea drilling platform that can produce more oil in a day than a West Texas rig can pump in a year. This is just one of the four Gulf of Mexico platforms on which BP has staked its future in U.S. oil production.

  • ConocoPhillips says that sensors scattered across its well fields helped it halve the time it once took to drill new wells in Eagle Ford shale basin of South Texas. By comparing data from hundreds of sensors, its program automatically adjusts the weight placed on a drill bit and its speed, accelerating the extraction of oil, said Matt Fox, ConocoPhillips'...

  • Flooding and road closures stretched from east Texas into northwestern Florida after Cindy made landfall early on Thursday near the Louisiana- Texas border and weakened to a tropical depression, the National Weather Service said. At least two tornadoes were reported near Birmingham, Alabama, destroying several buildings and injuring at least four people,...

  • CALGARY, Alberta, June 22- Four of Canada's biggest banks are the largest providers of C $5.5 billion in credit for Kinder Morgan Canada Ltd's Trans Mountain pipeline expansion project, the company said in regulatory filings on Thursday. Along with 20 other banks backing the expansion, they are expected to face increasing pressure from environmental and...

  • June 22- A tropical depression formerly known as Tropical Storm Cindy caused flooding on Thursday in several U.S. southeastern states, spawned a tornado that injured four people in Alabama, and cut 16 percent of Gulf of Mexico oil production. Cindy was a tropical storm when it made landfall near the Louisiana- Texas border about 3 a.m. CT Thursday, then weakened as...

  • June 22- A tropical depression formerly known as Tropical Storm Cindy caused flooding on Thursday in several U.S. southeastern states, spawned a tornado that injured four people in Alabama, and cut 16 percent of Gulf of Mexico oil production. Cindy was a tropical storm when it made landfall near the Louisiana- Texas border about 3 a.m. CT Thursday, then weakened as...

  • NEW YORK, June 22- The operator of the biggest U.S. fuel pipeline system said on Thursday demand to transport gasoline to the country's populous northeast is the weakest in six years, the latest symptom of a global oil market grappling with oversupply. Benchmark U.S. gasoline prices led the energy complex higher and were up about 2.1 percent shortly after midday,...

  • NEW YORK, June 22- The operator of the biggest U.S. fuel pipeline system said on Thursday demand to transport gasoline to the country's populous northeast is the weakest in six-years, the latest symptom of a global oil market grappling with oversupply. The summer is typically when gasoline demand peaks in the world's biggest oil consuming country as motorists...

  • June 22- Tropical storm Cindy moved inland near the Louisiana- Texas border on Thursday morning, bringing heavy rainfall and life-threatening conditions over the northern Gulf Coast, the U.S. National Hurricane Center said. "Life-threatening" flash flooding was possible as the storm could drop three to six inches of rain and as much as 12 inches in some parts of...

  • NEW YORK, June 21- Oil prices fell about 3 percent to a 10- month low in heavy trading on Wednesday, as nagging fears about the global crude glut fed a sell-off that was interrupted only briefly after news of a larger-than-expected drop in U.S. inventories. "The market wants proof that OPEC cuts are shifting petroleum balances, and it's not getting it.

  • June 20- Communities and oil refining and production facilities from Texas to Florida braced on Tuesday for potential disruptions as Tropical Storm Cindy strengthened over the U.S. On the forecast track, the center of Cindy will approach the coast of southwest Louisiana and southeast Texas late Wednesday, and move inland over southeastern Texas on Thursday,...

  • June 20- Communities and oil refining and production facilities from Texas to Florida braced on Tuesday for potential disruptions as Tropical Storm Cindy meandered over the U.S. It was expected to approach the coast of southwest Louisiana late Wednesday and move inland over western Louisiana and eastern Texas on Thursday. "The winds aren't looking to get...

  • SAN FRANCISCO, June 20- Uber said on Tuesday it will for the first time allow drivers to collect tips through its smartphone app, an about-face from previous company policy, as part of the ride-services firm's broader effort to improve an often-contentious relationship. San Francisco- based Uber Technologies Inc had for years opposed adding a tipping feature...

  • San Francisco- based Uber Technologies Inc had for years opposed adding a tipping feature to its app despite drivers' complaints that the extra money would help compensate for decreasing wages. Beginning on Tuesday, drivers in Houston, Minneapolis and Seattle can collect tips, Uber said. Lyft Inc, which is Uber's chief ride-services competitor in the United...

  • June 20- Oil traders from Texas to Louisiana braced on Tuesday for supply disruptions as Tropical Storm Cindy, formed in the U.S. It is expected to approach the coast of southwest Louisiana late Wednesday or Wednesday night, and move inland over western Louisiana and eastern Texas on Thursday, the NHC said. Cindy is expected to produce 6 to 9 inches of rain with...

  • June 20- Oil traders from Texas to Louisiana braced on Tuesday for supply disruptions as a potential tropical storm developing in the U.S. The Louisiana Offshore Oil Port, the largest privately owned crude storage terminal in the United States, suspended vessel offloading operations early on Tuesday morning ahead of the storm, but said it expected no...

  • SAN FRANCISCO, June 20- Uber Technologies Inc will, for the first time, allow drivers to collect tips through the Uber smartphone app, the company said on Tuesday, part of a broader effort to improve its often-contentious relationship with its drivers. Beginning on Tuesday, drivers in Houston, Minneapolis and Seattle can collect tips. Tipping is part of a broader...

  • UBER DRIVERS IN SEATTLE, MINNEAPOLIS AND HOUSTON CAN NOW RECEIVE TIPS, WITH TIPS AVAILABLE FOR ALL DRIVERS BY END JULY- UBER BLOG.