GO
Loading...

Houston

More

  • BUSINESS-NEWS-SCHEDULE AT 2100 GMT / 4:00 p.m. ET Sunday, 22 Feb 2015 | 4:30 PM ET

    ATHENS- Greece's government prepares reform measures to secure a financial lifeline from the euro zone, but is attacked for selling "illusions" to voters after failing to keep a promise to extract the country from its international bailout. The story of how Greece's charismatic new minister failed during often chaotic negotiations to break German...

  • HOUSTON, Feb 20- Barely two months into his new job as the head of the world's largest offshore driller, Steven Newman was steering Transocean through the 2010 Gulf of Mexico oil spill, quickly earning a reputation as a CEO with a steady hand. A Transocean official declined to comment. According to a Transocean presentation, its fleet is about 25 percent larger than...

  • WILLISTON, N.D., Feb 19- This week's oil train derailment and resulting explosion in West Virginia are likely to heighten scrutiny of new regulations pending in North Dakota, where the oil was produced, aimed at reducing the chance of such disasters. The cargo in Monday's accident was loaded onto a BNSF Railway Co locomotive at a facility owned by Plains All...

  • NEW YORK, Feb 19- Elliot Management Corp. and Omega Advisors Inc. are among activist hedge funds buying stakes in North American oil and gas producers whose stock has fallen because of weaknesses exposed by the collapse of energy prices. This month Citigroup cut its crude price forecasts, saying West Texas Intermediate could go as low as $20 a barrel before...

  • WILLISTON, N.D., Feb 19- One of the strongest leaders of the U.S. shale revolution has been humbled by plunging oil prices. On Thursday, the number of rigs drilling in North Dakota fell below 130 for the first time in years, a level the state's top official said is necessary to prevent output from falling. ConocoPhillips and Occidental Petroleum Corp, among many others,...

  • WILLISTON, N.D., Feb 19- One of the strongest leaders of the U.S. shale revolution has been humbled by plunging oil prices. EOG Resources Inc slashed its 2015 budget on Wednesday amid cheap crude and said its output will not grow this year, mere months after confidently saying it was strong enough to weather the downturn without cutbacks. ConocoPhillips and...

  • HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Wednesday as union and oil company representatives renewed face-to-face negotiations over safety and pay, after a week's hiatus. The USW has issued no new strike notices since Feb. 6, when workers at plants in Whiting, Indiana, and Toledo, Ohio, were told to walk off their jobs...

  • U.S. refinery strike enters 18th day as talks restart Wednesday, 18 Feb 2015 | 12:15 PM ET

    HOUSTON, Feb 18- The largest U.S refinery workers strike since 1980 entered its 18th day on Tuesday as union and oil company representatives prepared to renew face-to-face negotiations over pay and safety on Wednesday, after a week's hiatus. No new strike notices have been issued by the USW since Feb. 6 when workers at plants in Whiting, Indiana, and Toledo, Ohio,...

  • WASHINGTON, Feb 17- A fight between an upstart Spanish language TV network and Comcast Corp has provided more ammunition for critics who fear Comcast would gain too much market power if its buyout of Time Warner Cable Inc goes ahead, antitrust attorneys said. Formed by the son of a Mexican immigrant in 2009, Estrella TV currently is distributed by Comcast in 16...

  • Feb 16- The chief executive of Transocean Ltd, one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices. Transocean said on Sunday that Chairman Ian Strachan, who previously held executive positions at Exxon Mobil Corp and Rio Tinto PLC, will serve as interim chief...

  • Feb 13- The United Steelworkers union said no new strike notices were issued on Friday as the largest U.S. refinery strike since 1980 reached its 13th day. The last round of strike notices were issued a week ago on Friday, Feb. 6, when the union told BP Plc that workers would walk off their jobs the following day at refineries the company operates in Indiana and Ohio.

  • Oil layoffs could overcome price benefit   Friday, 13 Feb 2015 | 2:11 PM ET
    Oil layoffs could overcome price benefit

    Tilman Fertitta, Chairman & CEO, Landry's Restaurants, Inc., discusses savings from low gas prices and where that money is going. If oil heads to the low $30s, there could be a problem, he says.

  • Houston Mayor: Economy has slowed, not tanked   Friday, 13 Feb 2015 | 12:00 PM ET
    Houston Mayor: Economy has slowed, not tanked

    Houston Mayor Annise Parker discusses the ups and downs of oil and the impact on the city of Houston with CNBC's Brian Sullivan.

  • Feb 13- The United Steelworkers union and refinery owners were set to resume contract negotiations next week as the largest U.S. refinery strike since 1980 reached its 13th day on Friday. "We're still fulfilling the information request from the USW and looking forward to resuming negotiations next week," said Ray Fisher, spokesman for Shell Oil Co, the U.S. arm of...

  • US oilfield jobs cull gains pace, more pain ahead Friday, 13 Feb 2015 | 11:13 AM ET

    Feb 13- When Ian Sandlin was laid off last week after 13 months working on oil rigs in southeast Texas, he was surprised to have lasted that long. The 27- year-old Houston native is among thousands of workers caught in an accelerating cull of oil field jobs across the once booming U.S. oil industry. Interviews with more than a dozen oil workers and job recruiters...

  • Houston housing awaits spring chill Friday, 13 Feb 2015 | 10:14 AM ET
    A file photo of a house for sale with an owner finance available sign in Houston.

    Houston's hot housing market hasn't seen any impact from lower oil prices yet, but everyone is expecting it to cool at some point.

  • Construction pushes ahead in Houston   Friday, 13 Feb 2015 | 9:20 AM ET
    Effects of oil on Houston real estate

    Energy Corridor General Manager Clark Martinson discusses the effects of lower oil prices on the Houston real estate market with CNBC's Brian Sullivan.

  • HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled until next week and industry representatives were weighing a union counterproposal, said a labor spokeswoman. Also on Thursday, Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings conference call that...

  • *Q4 adjusted loss 23 cents/ share vs est 32 cents. Feb 12- Rig contractor Hercules Offshore Inc said it slashed its workforce by nearly a third and cut salaries, as the company keeps a tight leash on costs to counter a fall in demand due to a slump in crude oil prices. Oil and gas producers, drillers and services providers such as Cenovus Energy Inc, BG Group Plc,...

  • U.S. refinery strike enters 12th day, no talks scheduled Thursday, 12 Feb 2015 | 12:36 PM ET

    HOUSTON, Feb 12- The largest U.S. refinery strike since 1980 entered its 12th day on Thursday with no talks scheduled between union and industry representatives until next week, and at least one refinery will remain out of production for the duration of the work stoppage. Tesoro Corp Chief Financial Officer Steven Sterin told analysts during an earnings...