In today's Lunch Break TV, security cameras record a suspected carjacker driving into a gasoline pump, setting it afire.» Read More
RIO DE JANEIRO, Sept 19- Brazil's planned auction of its biggest-ever oil discovery attracted only a quarter of the interest expected by the government after many of the large, deep-pocketed oil companies with experience in the region declined to sign up for the sale.
In a decision that could have implications for other companies in similar disputes with the IRS, the Tax Court said BMC owes taxes on a portion of its foreign profits brought into the United States under the 2004 tax break. At around the same time, BMC was fighting with the IRS over its transfer pricing practices.
WASHINGTON, Sept 17- The largest 100 U.S. metropolitan areas accounted for 64 percent of the country's exports in 2012, with Los Angeles in the top position after it exported $93.87 billion worth of goods and services, according to a new study released on Tuesday.
LONDON/ HOUSTON, Sept 17- Commercially recoverable reserves of tight oil in the rest of the world could be double or more those of North America and the geology of the 23 best opportunities is better in some cases, according to a new study.
NEW YORK, Sept 15- Nearly every oncologist can tell the story of cancer patients who beat the odds, responding so well to treatment that they continued to live many years disease-free, while most of their peers worsened and eventually died. David Solit decided to find out why.
HOUSTON, Sept 13- Calls for electric conservation and rolling outages failed to materialize in Texas this summer, despite warnings from the grid operator, as electric supplies were ample to keep air conditioners and refineries running smoothly even during heat waves.
HOUSTON, Sept 12- BP Plc has begun appraisal drilling in its highly touted Tiber oil prospect in the Gulf of Mexico, the company said on Thursday, more than three years after its massive Macondo blowout and crude spill set back drilling in the basin. BP confirmed that drilling began on Aug. 3.
HOUSTON, Sept 12- BP Plc has begun appraisal drilling in its highly touted Tiber oil prospect in the Gulf of Mexico, the company said on Thursday, more than three years after its massive Macondo blowout and crude spill froze drilling in the basin for months.
LONDON, Sept 12- Texas wind farms are benefiting from transmission upgrades in the western half of the state, in a lesson for Europe where a rapid rollout of variable renewables has raced ahead of supporting infrastructure. Such integration has lagged in Europe and the United States.
HOUSTON, Sept 11- Trial began on Wednesday in the first four of 48,000 civil lawsuits filed against BP Plc for pollution from the 460,196 barrel per day refinery it owned in Texas City, Texas until early this year, according to court documents.
District Judge George Hanks in Houston said Allied, now known as Americus Mortgage Corp, should face claims it misled the U.S. Department of Housing and Urban Development into believing its loans qualified for insurance by HUD's Federal Housing Administration.
HOUSTON, Sept 11- Trial began on Wednesday in the first four of 48,000 civil lawsuits filed against BP Plc for pollution from the 460,196 barrel per day refinery it owned in Texas City, Texas until early this year, according to court documents. The four plaintiffs whose cases began on Wednesday are seeking compensation of $200,000 each from BP.
HOUSTON/ CARACAS, Sept 10- Malaysian oil company Petronas said it is exiting one of the biggest petroleum projects in Venezuela's Orinoco belt, after what sources close to the venture and within the firm said were disagreements with Venezuelan authorities and state-run PDVSA.
The Houston- based firm signed separate liquefaction tolling contracts on Monday with Japan's Toshiba Corp and South Korea's SK E&S for the plant's third production unit, or train, to freeze natural gas for shipping.
*Kinder Morgan founder buys on dip. HOUSTON, Sept 9- Kevin Kaiser, a 26- year-old analyst only three years into his first job out of the Ivy League, jolted Wall Street last week with a pithy email taking aim at North America's largest oil and gas pipeline and processing company- Kinder Morgan.
HOUSTON/ CARACAS, Sept 9- Malaysian oil company Petronas is exiting one of the biggest petroleum projects in Venezuela's Orinoco belt after disagreements with state-run PDVSA, sources close to the venture told Reuters. Its other partners are Spain's Repsol, India's ONGC and two small Indian firms.
ASTANA, Sept 7- China's President Xi Jinping on Saturday will oversee his country's entry into Kashagan, a vast oilfield in Kazakhstan, as he tours post-Soviet Central Asia to secure hydrocarbons for the world's largest energy consumer.
A surge in U.S. natural gas production thanks to the shale revolution means proposed new liquefied natural gas projects in Australia, East Africa, Canada and Russia can no longer count on exporting to the United States and will now have to focus more on sales to Asia.
HOUSTON/ CARACAS, Sept 4- Venezuela failed to act in good faith or properly compensate ConocoPhillips for three big oil assets the country expropriated in 2007, a World Bank arbitration panel said on Wednesday.
HOUSTON, Sept 4- A World Bank arbitration panel said on Wednesday that Venezuela failed to act in good faith or pay ConocoPhillips for three big oil assets the country seized in 2007..