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  • NEW YORK, April 23- Oil prices jumped 3 percent on Thursday to their highest levels of this year, after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies. "The Saudi escalation of its Yemen campaign is producing exactly the kind of geopolitical tensions oil is known to rally for,"...

  • *Saudi-led coalition resumes bombing of Yemen. LONDON, April 23- Brent crude oil rose more than a dollar to above $64 a barrel on Thursday on heightened concerns over the security of Middle East supplies as a civil war escalated in Yemen. Yemen is a tiny oil producer but the Bab el- Mandeb Strait on its southern coast controls access to the Red Sea, Suez Canal and the...

  • Stewart Information Services posts 1Q loss Thursday, 23 Apr 2015 | 9:42 AM ET

    HOUSTON _ Stewart Information Services Corp. on Thursday reported a loss of $12.4 million in its first quarter. Stewart Information Services shares have climbed 8.5 percent since the beginning of the year. Keywords: Stewart Information Services, Earnings Report.

  • Cameron tops Street 1Q forecasts Thursday, 23 Apr 2015 | 7:51 AM ET

    HOUSTON _ Cameron International Corp. on Thursday reported first-quarter earnings of $49 million. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share. Thirteen analysts surveyed by Zacks expected $2.26 billion.

  • LONDON, April 23- Oil prices steadied on Thursday as news of another steep rise in U.S. crude inventories countered concerns over the security of Middle East supplies due to an escalating conflict in Yemen. Saudi-led coalition warplanes bombed Yemen again on Thursday despite an announcement by Riyadh that it was ending its campaign of air strikes.

  • UPDATE 2-Oil prices edge lower on rising US inventories Thursday, 23 Apr 2015 | 3:33 AM ET

    SINGAPORE, April 23- Oil prices fell slightly on Thursday as rising U.S. crude inventories due to robust shale production outweighed concerns over renewed air strikes in Yemen. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that it was ending its campaign of air strikes.

  • SINGAPORE, April 23- Oil prices held steady on Thursday as renewed fighting in Yemen countered worries over rising U.S. crude inventories due to still-robust shale production. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh a day earlier that it was ending its campaign of air strikes.

  • Oil prices extend gains as Yemen bombing continues Wednesday, 22 Apr 2015 | 10:08 PM ET

    SINGAPORE, April 23- Oil prices extended gains on Thursday as renewed fighting in Yemen brought focus back on potential supply disruptions in the Middle East. Saudi-led coalition warplanes continued bombing Yemen on Wednesday despite an announcement by Riyadh that it was ending its campaign of air strikes. While Yemen itself is not among the biggest oil...

  • HOUSTON, April 23- There is a growing disconnect between Houston and Wall Street over when slumping oil prices will recover. Beaten down by a seven-month rout that slashed crude prices from over $147 a barrel last summer to $42 a barrel, producers are bracing for oil to remain at about $60 a barrel for as long as the next five years or so, according to executives...

  • HOUSTON, April 22- An agreement between the United States, Iran and other world powers designed to curtail Iran's nuclear program is effective and would work if implemented, U.S. "It's a long term process with constraints coming off at various time frames as confidence improves" in Iran's nuclear intentions. A framework agreement that would curb Iran's nuclear...

  • Oceaneering International posts 1Q profit Wednesday, 22 Apr 2015 | 5:27 PM ET

    HOUSTON _ Oceaneering International Inc. on Wednesday reported first-quarter earnings of $69.5 million. Oceaneering International expects full-year earnings to be $2.80 to $3.20 per share. Oceaneering International shares have dropped almost 3 percent since the beginning of the year.

  • Flotek Industries reports 1Q loss Wednesday, 22 Apr 2015 | 4:54 PM ET

    HOUSTON _ Flotek Industries Inc. on Wednesday reported a first-quarter loss of $1.5 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. Flotek Industries shares have decreased 17 percent since the beginning of the year.

  • Crown Castle reports 1Q results Wednesday, 22 Apr 2015 | 4:45 PM ET

    HOUSTON _ Crown Castle International Corp. on Wednesday reported a key measure of profitability in its first quarter. The real estate investment trust, based in Houston, said it had funds from operations of $3.8 million, or less than 1 cent on a per-share basis, in the period. The average estimate of nine analysts surveyed by Zacks Investment Research was for...

  • Noble Energy agrees to settle Colorado air pollution case Wednesday, 22 Apr 2015 | 9:02 AM ET

    DENVER— Large oil and gas driller Noble Energy has agreed to a settlement over alleged air-pollution violations north of Denver, a deal federal officials say could cost the company up to $73.5 million. Noble, the second biggest driller in Colorado, has agreed to evaluate, make upgrades and perform inspections of its 3,400 clusters— or batteries— of tanks in the...

  • VA pledges broad review of claims processing Wednesday, 22 Apr 2015 | 3:12 AM ET

    WASHINGTON— The Department of Veterans Affairs said Wednesday it has launched a top-down review of its handling of disability claims and pledged to punish those who falsify data as pressure mounted on Capitol Hill for personnel changes amid mismanagement investigations in Philadelphia and other VA facilities. Separately, the office of the VA inspector...

  • FMC Technologies beats 1Q profit forecasts Tuesday, 21 Apr 2015 | 4:09 PM ET

    HOUSTON _ FMC Technologies Inc. on Tuesday reported first-quarter earnings of $147.6 million. The average estimate of 34 analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share. FMC Technologies shares have declined 19 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed roughly 2 percent.

  • HOUSTON— A massive recall has brought more attention and put more pressure on a century-old Texas ice cream company that has been searching to discover how its products became linked to a deadly string of listeria cases. Texas- based Blue Bell Creameries said Tuesday, a day after recalling all its products, that it is getting closer to pinpointing the cause of the...

  • April 21- Baker Hughes Inc, which is being bought by Halliburton Co for $35 billion, said it expects "unfavorable market conditions" to persist in the second quarter as drillers turn off more rigs, intensifying a glut in oilfield services. The rig count in North America, a region that accounts for 44 percent of Baker Hughes' revenue, has halved to 1,000 so far this year.

  • Baker Hughes reports 1Q loss Tuesday, 21 Apr 2015 | 8:18 AM ET

    HOUSTON _ Baker Hughes Inc. on Tuesday reported a first-quarter loss of $589 million, after reporting a profit in the same period a year earlier. The average estimate of 17 analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share. Baker Hughes shares have climbed 22 percent since the beginning of the year, while the Standard& Poor's...

  • The oil price crash represents for some "a great chance to seize on the crisis and turn it into an opportunity," Les Csorba, a partner with Heidrick& Struggles in Houston, said on the sidelines of the CERAWeek conference. Two executives that typify the new breed include the chief executive officers of Apache Corp and Chesapeake Energy. Apache's John Christmann and...