Top News & Analysis Houston

  • A Houston Police Emergency 911 vehicle sits parked outside Union Station Houston in Houston, Texas.

    A witness had reported seeing somebody with a gun in the area where weapons are not allowed, the sheriff said.

  • President Donald Trump will be accorded the biggest public reception given to any foreign leader in years during his visit to India beginning on Monday, officials say, one that could help paper over the two countries' growing friction over trade. Close political and security partners, India and the United States have hit each other with retaliatory tariffs.

  • President Donald Trump will be accorded the biggest public reception given to any foreign leader in years during his visit to India beginning on Monday, officials say, one that could help paper over the two countries' growing friction over trade. Close political and security partners, India and the United States have hit each other with retaliatory tariffs.

  • President Donald Trump will be accorded the biggest public reception given to any foreign leader in years during his visit to India beginning on Monday, officials say, one that could help paper over the two countries' growing friction over trade. Close political and security partners, India and the United States have hit each other with retaliatory tariffs.

  • CARACAS, Feb 19- Venezuelan President Nicolas Maduro said on Wednesday he would create a presidential commission to restructure the country's beleaguered oil industry, which will be led by Vice President for the Economy Tareck El Aissami. The announcement came a day after the United States sanctioned Rosneft Trading, a unit of Russian state oil company...

  • Completion of the Ted Collins crude oil pipeline will provide access to over 1 million barrels per day of inbound crude oil for delivery to the Houston and Nederland, Texas terminals as well as to Houston and Gulf Coast refineries, Chief Financial Officer Thomas Long said during the call. Last year, Energy Transfer said it would buy smaller rival SemGroup Corp...

  • Feb 19- Shares in U.S. shale producers Concho Resources, Devon Energy and Diamondback Energy rose on Wednesday after they hiked dividends and posted profits that beat Wall Street expectations. "The dividend fireworks blaze a bright light in a dark sky for oil& gas stocks," analyst Paul Sankey at Mizuho Securities said. Concho lowered its 2020 capital expenditure...

  • As of 12:21 p.m. CST, Chicago Board of Trade March wheat was up 4-3/ 4 cents at $5.46-3/ 4 per bushel, turning higher after a dip to $5.38-1/ 4, the contract's lowest since Dec. 16. "There is some optimism that we're getting past the worst of the coronavirus, and the stock market is up a little bit, the energy markets firming up," said Jack Scoville, analyst with the Price...

  • India's Prime Minister Narendra Modi (L) attends a meeting with US President Donald Trump during the G20 Osaka Summit in Osaka on June 28, 2019.

    Despite multiple attempts, the two countries' trade teams have struggled to see eye to eye with countless meetings yielding no results.

  • Feb 12- Oil and gas producer Noble Energy Inc posted a bigger quarterly loss on Wednesday, hit by a $1.16 billion impairment charge related to its Eagle Ford assets. Net loss attributable to Noble Energy was $1.21 billion or $2.52 per share for the fourth quarter ended Dec. 31, compared with a loss of $824 million or $1.72 per share last year. The Houston- based...

  • BENGALURU/ NEW YORK, Feb 11- U.S. shale gas producers are ripe for further spending cuts and write-downs, investors and analysts said, with prices at four-year lows and China's rejection of some gas imports weighing on earnings. Natural gas production in the United States is at record levels, outpacing domestic consumption and leading to global supply glut.

  • WINNIPEG, Manitoba, Feb 6- Canadian police arrested six people on Thursday in a remote area of northern British Columbia where indigenous protesters have blocked construction of the Coastal GasLink pipeline. The C $6.6 billion pipeline, to be operated by TC Energy Corp, will move gas from northeast British Columbia to the Pacific coast, where the Royal Dutch...

  • BENGALURU/ NEW YORK, Feb 6- Shares of U.S. liquefied natural gas companies tumbled on Thursday as China's biggest importer of the fuel suspended some purchases amid weaker demand and a global glut that has driven prices to record lows. China is the world's second-largest LNG importer but its spot purchases have nearly ground to a halt as the economic effects of...

  • BENGALURU/ NEW YORK, Feb 6- Shares of U.S. liquefied natural gas companies tumbled on Thursday as China's biggest importer of the fuel suspended some purchases amid weaker demand and a global glut that has driven prices to record lows. China is the world's second-largest LNG importer but its spot purchases have nearly ground to a halt as the economic effects of...

  • CARACAS, Feb 6- Venezuelan police seized executives of U.S. refiner Citgo who were under house arrest, their families and an attorney said, hours after U.S. Washington has called for the release of the group, which includes naturalized U.S. citizens. Alirio Zambrano, a brother of two of the jailed executives, wrote on Twitter, "My brothers Alirio Jose and Jose Luis were...

  • *Rumours of planned merger with Freeport' completely wrong'. Feb 6- Barrick Gold Corp does not want to buy copper mining giant Freeport McMoRan Inc, although it is interested in its rival's flagship Grasberg mine in Indonesia, Chief Executive Mark Bristow said on Thursday. Rumors that Barrick, the world's second-largest gold miner, planned to bid for Freeport are "...

  • The company said activity in the prolific shale oil producing Permian Basin should more than offset lower drilling in other regions in the first quarter. Patterson-UTI's net loss narrowed to $85.9 million, or 44 cents per share, in the fourth quarter ended Dec. 31, from a loss of $201.2 million, or 93 cents per share, a year earlier. On a per share basis, the company...

  • NEW YORK/ MOSCOW, Feb 6- U.S. crude flows to Europe are set to increase over the coming month as demand from Asia has plummeted due to the coronavirus outbreak, traders and shipbrokers said. Petrochina, Trafigura, Vitol, Lukoil and Exxon Mobil Corp are among those looking to ship cargoes from the U.S. Gulf Coast to Europe, one source said. "The U.S. has to divert barrels away...

  • The January trade agreement between the United States and China paved the way for resumption of new energy sales to the country, but since then travel bans and China's urgent response to the coronavirus have sidetracked discussions and are expected to sharply cut energy use and commercial activity. We dont sell that much to China. Under a Phase 1 trade deal...

  • Matt Gallagher, chief executive of Permian Basin shale producer Parsley, called natural gas flaring a "black eye" and urged the industry to reduce emissions, during a speech at the NAPE Summit in Houston. U.S. flaring rose in 2019 for a third year in a row as soaring production in Texas, New Mexico and North Dakota overwhelmed regulatory efforts to curb the practice,...