In today's Lunch Break TV, security cameras record a suspected carjacker driving into a gasoline pump, setting it afire.» Read More
SINGAPORE, Dec 11- U.S. oil futures traded at their highest in six weeks above $98 a barrel on Wednesday after U.S. data showed a larger-than-expected drop in crude inventories.
Those controls are needed to keep the units compliant with federal environmental rules proposed since President Barack Obama took office in 2009. There are about 318 gigawatts of coal-fired power plants in the United States, about 30 percent of the nation's 1,051 GW generation fleet.
*To focus spending on Australia, US, Trinidad and Tobago. LONDON, Dec 10- BHP Billiton, the world's largest miner and a top investor in U.S. onshore oil and gas, said on Tuesday its U.S. shale business should generate cash from 2016, contributing almost $3 billion a year to the group by the end of the decade.
LITTLE ROCK, Ark.-- Little Rock- based Bank of the Ozarks says it has reached an agreement to acquire Bancshares Inc. of Houston. Bank of the Ozarks said Monday that it will purchase all the outstanding common stock of Bancshares in a deal estimated about about $23 million.
NEW YORK, Dec 10- If you are in the market for a new home, you have probably noticed that almost all the houses in your local listings are anything but new. New-home construction this year is still 40 percent below normal long-term levels, says Jed Kolko, chief economist at real estate website Trulia.com.
MEXICO CITY, Dec 9- Mexican Senate committees on Monday gave general approval to a draft energy bill allowing private investment in the world's No. 10 oil producer in what would be the biggest opening of the state-controlled sector in its 75- year history.
MEXICO CITY, Dec 9- Mexican Senate committees on Monday resumed debate of a draft energy bill that would open up the world's No. 10 oil producer to private investment by allowing lucrative contracts in what would be the sector's most dramatic revamp in 75 years.
Baker Hughes Inc. Senior Vice President and Chief Financial Officer Peter Ragauss plans to retire by 2014' s end. Ragauss has worked for the Houston company for eight years. Shares of the oilfield services company fell 30 cents to $53.54 in midday trading.
Dec 7- A U.S. federal judge has refused to allow investors to proceed as a group in a lawsuit accusing BP Plc of fraud by misleading them- before and after the 2010 Gulf of Mexico oil spill- about the company's ability to respond to an accident.
HOUSTON-- ConocoPhilips said Friday that it plans $16.7 billion next year in capital expenditures with about 55 percent allocated for North America. The oil and gas company said it plans to spend more on drilling programs in the Eagle Ford, Bakken and Permian regions in North America.
Dec 6- ConocoPhillips, the largest independent oil and gas company, said on Friday that it expected to spend $16.7 billion next year, with more than half earmarked for shale projects in North America.
Dec 6- ConocoPhillips, the largest independent oil and gas company, said on Friday that it expected to spend $16.7 billion next year, with more than half earmarked for projects in North America.
NEW YORK-- NEWS: Francesca's Holdings said Thursday that its third-quarter net income fell as it hired new field sales leaders and opened more boutiques. NUMBERS: The Houston company said its net income fell to $8.7 million, or 20 cents per share, from $10.8 million, or 24 cents per share.
WELLINGTON, Dec 5- New Zealand has awarded deepwater petroleum exploration permits to Norway's Statoil and Australia's Woodside Petroleum Ltd, which join other overseas companies already looking to tap the nation's energy resources.
NEWS: Mattress Firm Holding Corp. shares soared in extended trading Wednesday after the company reported better-than-expected revenue for its third quarter and raised its full-year revenue forecast.
NEW YORK-- Shares of Kinder Morgan Inc. declined Wednesday as some of the energy company's dividend and distribution forecasts for 2014 failed to meet Wall Street's expectations.
MADISONVILLE, La.-- Pelican Energy Consultants will expand its operations in St. Tammany Parish, hiring 195 employees. The company now employs 158 people in Louisiana, including 27 at its headquarters and 86 at its engineering center in Madisonville. It also has 45 employees in a Metairie engineering center, plus offices in Houston and Accra, Ghana.
HOUSTON-- Independent power producer Calpine is buying a power plant from MinnTex Power Holdings LLC for $625 million. "We strongly believe in the potential of the Texas market as electric demand increases and reserve margins tighten," Calpine CEO Jack Fusco said in a statement on Monday. Shares of Calpine Corp. fell a penny to $18.90 in early morning trading.
WASHINGTON, Nov 26- Oilfield services firm Weatherford International will pay $253 million in fines to the U.S. government to settle charges that ranged from flouting sanctions against Iran and Syria to sending business partners on World Cup soccer junkets, officials said on Tuesday.
NEW YORK, Nov 21- A decision on whether to approve Bank of America Corp's proposed $8.5 billion settlement with investors in mortgage securities is now in the hands of a New York state judge, after a nine-week court proceeding ended on Thursday.