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  • Furmanite posts 4Q profit Friday, 6 Mar 2015 | 7:54 AM ET

    HOUSTON _ Furmanite Corp. on Friday reported fourth-quarter profit of $4.8 million. The Houston- based company said it had net income of 13 cents per share. Furmanite shares have decreased 16 percent since the beginning of the year.

  • The Coast Guard says no pollution and no injuries have been reported after the 892- foot container ship Montealegre and 445- foot tanker Chembulk Houston bumped Thursday afternoon about 15 miles up the channel from Galveston. The 50- mile-long ship channel that links Houston to the Gulf of Mexico is lined with petrochemical plants. The collision was...

  • Oil company to pay $2M for illegal well in North Dakota Thursday, 5 Mar 2015 | 11:03 AM ET

    Attorney for North Dakota, credited Statoil for its willingness to settle the case without forcing the government to file a civil suit. "It is heartening to see a big oil company like Statoil step up... to make things right when a mistake is made," Purdon said. Statoil spokeswoman Kirsten Henriksen, who works in the company's Houston office, said the company cooperated...

  • U.S. Physical Therapy beats 4Q profit forecasts Thursday, 5 Mar 2015 | 9:33 AM ET

    HOUSTON _ U.S. Physical Therapy Inc. on Thursday reported fourth-quarter net income of $5 million. U.S. Physical Therapy expects full-year earnings to be $1.80 to $1.86 per share. U.S. Physical Therapy shares have increased 2 percent since the beginning of the year.

  • Independent Contract Drilling posts 4Q loss Thursday, 5 Mar 2015 | 8:45 AM ET

    HOUSTON _ Independent Contract Drilling Inc. on Thursday reported a loss of $24.6 million in its fourth quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share. Four analysts surveyed by Zacks expected $21.8 million.

  • SINGAPORE, March 5- U.S. crude was trading comfortably above $51 a barrel on Thursday, after comments by Saudi's oil minister predicting a floor for prices and as Iran nuclear talks hit a bump. President Barack Obama' s demand that it freeze sensitive nuclear activities for at least 10 years but said it would continue talks on a deal, Iran's semi-official Fars news...

  • W&T reports 4Q loss Wednesday, 4 Mar 2015 | 6:42 PM ET

    HOUSTON _ W&T Offshore Inc. on Wednesday reported a loss of $33.4 million in its fourth quarter. The Houston- based company said it had a loss of 44 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 38 cents per share.

  • HOUSTON, March 4- Labor leaders and oil company representatives will resume face-to-face talks on Monday in Houston in a bid to agree on a new contract that would end the biggest U.S. refinery strike in 35 years, the United Steelworkers union said on Wednesday. The protracted strike has prompted at least some workers in Texas to return to their jobs.

  • US running out of room to store oil; price collapse next? Wednesday, 4 Mar 2015 | 11:51 AM ET

    That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, according to the Energy Department. "The fact of the matter is we are running out of storage capacity in the U.S.," Ed Morse, head of commodities research at Citibank, said at a recent...

  • Oil and gas contractor Cal Dive files for bankruptcy Tuesday, 3 Mar 2015 | 6:28 PM ET

    March 3- Offshore oil and gas contractor Cal Dive International Inc said the company and its U.S. subsidiaries filed for voluntary bankruptcy protection. Cal Dive's foreign units have not sought bankruptcy protection and will continue to operate outside of any reorganization proceedings, the company said on Tuesday. Cal Dive has been hurt by the slump in...

  • CASPER, Wyo.— Oil companies that operate in Wyoming report that they are holding off on hydraulic fracturing and are waiting to complete newly drilled oil wells to save money during low oil prices. EOG Resources, headquartered in Houston, announced that it plans to delay fracking 285 wells. Chesapeake Energy, based in Oklahoma City, likewise plans to wait until...

  • Oil glut at a glance: Where the US stores its oil Tuesday, 3 Mar 2015 | 1:06 PM ET

    Cushing, Oklahoma, 82 million barrels. Houston, Texas, 36 million barrels. Beaumont- Nederland, Texas, 30 million barrels.

  • That extra crude is flowing into storage tanks, especially at the country's main trading hub in Cushing, Oklahoma, pushing U.S. supplies to their highest point in at least 80 years, the Energy Department reported last week. "The fact of the matter is we are running out of storage capacity in the U.S.," Ed Morse, head of commodities research at Citibank, said at a recent...

  • The Houston company forecast 2015 capital investments in the range of $5.4 billion to $5.8 billion, excluding those associated with its Western Gas Partners LP unit. In addition to earmarking 60 percent of its budget for onshore shale wells, Anadarko said it plans to drill nine to 12 deepwater exploration wells offshore Colombia, Kenya and the Gulf of Mexico.

  • Quanex reports 1Q loss Tuesday, 3 Mar 2015 | 7:43 AM ET

    HOUSTON _ Quanex Building Products Corp. on Tuesday reported a loss of $3.1 million in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Stage Stores tops 4Q profit forecasts Tuesday, 3 Mar 2015 | 7:43 AM ET

    HOUSTON _ Stage Stores Inc. on Tuesday reported fiscal fourth-quarter earnings of $43.7 million. Stage Stores expects full-year earnings to be $1.20 to $1.28 per share, with revenue in the range of $1.64 billion to $1.68 billion. Stage Stores shares have increased slightly since the beginning of the year.

  • IOWA CITY, Iowa— Taser International, the stun-gun maker emerging as a leading supplier of body cameras for police, has cultivated financial ties to police chiefs whose departments have bought the recording devices, raising a host of conflict-of-interest questions. Taser is planning to send two of them to speak at luxury hotels in Australia and the United Arab...

  • Sanchez Energy reports 4Q loss Monday, 2 Mar 2015 | 5:52 PM ET

    HOUSTON _ Sanchez Energy Corp. on Monday reported a fourth-quarter loss of $62.1 million, after reporting a profit in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share. Sanchez Energy shares have increased 32 percent since the beginning of the year.

  • RigNet misses Street 4Q forecasts Monday, 2 Mar 2015 | 5:14 PM ET

    HOUSTON _ RigNet Inc. on Monday reported fourth-quarter earnings of $1.9 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. RigNet shares have decreased 20 percent since the beginning of the year.

  • McDermott tops Street 4Q forecasts Monday, 2 Mar 2015 | 5:01 PM ET

    HOUSTON _ McDermott International Inc. on Monday reported fourth-quarter net income of $8.2 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 5 cents per share. Analysts expected $748.5 million, according to Zacks.