The CST-100 is designed to ferry crew, cargo and even tourists into low Earth orbit.» Read More
HOUSTON, July 16- Plains All American may build new pipelines dedicated solely to a very light form of crude oil known as condensate in parts of the Permian Basin in West Texas as output increases, an executive of the U.S. company said this week.
July 15- A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans claimed they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster.
July 15- A U.S. appeals court on Tuesday revived a lawsuit in which participants in four BP Plc employee retirement savings plans alleged they were deceived into buying and holding BP stock before and after the 2010 Deepwater Horizon disaster.
Carbo Ceramics Inc, a Houston- based oil services company that is the world's largest producer of tiny ceramic balls that can boost the production of fractured wells, may hold the answer.
CHICAGO— United Airlines is the latest carrier to say it will reduce flights to Venezuela over a dispute about money trapped by tight currency controls in the South American country. American Airlines Group Inc., Delta Air Lines Inc. and several foreign airlines have previously announced cutbacks.
NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other U.S. carriers who have cut service over the country's foreign exchange controls.
NEW YORK, July 11- United Continental Holdings Inc said on Friday it would drop its daily flight to Caracas, Venezuela, from Houston, starting in September, joining other major U.S. carriers who have reduced service because of problems repatriating their revenue through the country's foreign exchange controls.
HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by one this week to 1,875.. Of the major oil- and gas-producing states, Alaska, Kansas, Louisiana, Pennsylvania and Texas gained two rigs each. Arkansas, Colorado, New Mexico and Utah had unchanged rig counts.
ALBANY, N.Y.— New York's homeland security agency is refusing requests from freight railroads to further restrict public information about their crude oil shipments, concluding it's not sensitive security information and will be given to local emergency planners.
NEW YORK— Halliburton said Friday it is entering its first joint venture in China that will use hydraulic fracturing, or fracking, to unleash energy. Halliburton said the companies have worked together for seven years. Halliburton Co. shares lost 59 cents to $68.76 in midday trading.
MANDAREE, N.D.— The snaking, nearly 2- mile trail of saltwater that an underground pipeline spewed in the rugged hills of western North Dakota's badlands left a 200- yard-long stretch of dead vegetation, a company official said, though she added there is no evidence yet that the spill has contaminated a nearby bay.
July 10- Shopping center owner and operator Regency Centers Corp offered to buy AmREIT Inc for about $433 million to expand in Texas and Georgia. AmREIT's shares jumped as much as 14.6 percent to the offer price of $22 before giving up some of the gains, while Regency's stock rose marginally.
MOSCOW/ LONDON, July 9- With President Vladimir Putin watching from afar, the head of Rosneft, Igor Sechin, launched the world's biggest oil drilling platform in the Okhotsk Sea to warm handshakes with his colleagues from ExxonMobil.
One week after U.S. authorities confirmed a ruling easing a 40- year ban on shipping lightly processed oil abroad, Enterprise Product Partners has sold its first cargo to a Japanese trading house and was seeking more buyers in Latin America, according to trading sources.
June 30- U.S. office vacancy rate remained stagnant at 16.8 percent in the second quarter due to lower demand for new or additional space, real estate research firm Reis Inc said in a report released on Monday. Markets in Houston, San Jose, San Francisco, Dallas, New York, San Diego and Orange County had the strongest rent growth in the quarter, Reis said.
*Gold up for second quarter in a row. *Copper notches second monthly gain.
NEW YORK, June 30- Brent crude fell toward $112 a barrel on Monday, hitting an 18- day low as did U.S. crude near $105, as investors grew less worried about potential supply disruptions from Iraq.
NEW YORK, June 30- Brent crude fell more than $1 on Monday, nearing $112 a barrel while U.S. crude slipped below $105 as investors grew less worried about potential supply disruptions from Iraq. Heavy fighting in the north of Iraq has had little impact on the southern refineries that produce around 90 percent of the OPEC member's oil shipments.
*Iraq sends tanks, armoured vehicles to fight insurgents. NEW YORK, June 30- Oil prices fell on Monday, with Brent crude dropping below $113 a barrel as investors grew less jittery about global supplies after Iraq government forces launched a pushback against a Sunni militant insurgency.
NEW YORK, June 30- After decades of isolation, the United States is set to become a major player in the global trade of ultra light oil as recent government export approvals attract interest across the world.