×

Top News & Analysis Houston

  • BOGOTA, Colombia— Venezuela's former oil czar said crude production in the OPEC nation will continue to plummet in the aftermath of President Nicolas Maduro's re-election, as the embattled socialist leader takes the country down an increasingly authoritarian path that scares off private investment and leads to more international sanctions against his...

  • The Brightline train is seen at the new MiamiCentral terminal during the inaugural trip from Miami to West Palm Beach on May 11, 2018 in Miami, Florida.

    Brightline, the only privately owned and operated passenger rail in the U.S., opens a new leg of travel between Miami and West Palm Beach, Florida.

  • NEW YORK, May 25- The U.S. oil export infrastructure is straining to keep up as the country's crude oil exports hit new highs and China snaps up more of it than ever before. No definitive data are available on how much crude the United States can export, though analysts estimate a nationwide capacity of 3.5 million to 4 million bpd. For the last six months of available...

  • NEW YORK, May 25- The U.S. oil export infrastructure is straining to keep up as the country's crude oil exports hit new highs and China snaps up more of it than ever before. No definitive data are available on how much crude the United States can export, though analysts estimate a nationwide capacity of 3.5 million to 4 million bpd. For the last six months of available...

  • NEW YORK, May 24- The U.S. oil export infrastructure is straining to keep up as the country's crude oil exports hit new highs and China snaps up more of it than ever before. No definitive data are available on how much crude the United States can export, though analysts estimate a nationwide capacity of 3.5 million to 4 million bpd. For the last six months of available...

  • Arkema's emergency plans, however, hadn't anticipated the damage that high flood waters could cause its safety systems. As a result, Arkema didn't consider flooding of safety systems "a credible risk," even though the plant was inside government-designated flood zones and its insurance company warned in 2016 that it was at risk, according to the safety board's...

  • HOUSTON, May 24- The U.S. Chemical Safety Board on Thursday urged chemical plants to weigh the risks of natural disasters just as they would the integrity of pipes and production equipment. "Such facilities should perform an analysis to determine their susceptibility to extreme weather events," the board said in its final report on a chemical fire at the Arkema SA...

  • HOUSTON _ Stage Stores Inc. on Thursday reported a loss of $31.7 million in its fiscal first quarter. The Houston- based company said it had a loss of $1.14 per share. Stage Stores expects a full-year loss of $1.35 to 95 cents per share, with revenue in the range of $1.61 billion to $1.64 billion.

  • HOUSTON/ CALGARY, Alberta, May 24- Pipeline bottlenecks have vexed North American oil producers this year, but for companies making a little-known additive called drag-reducing agent, they have provided a veritable windfall. It is a tiny but booming business, accounting for about $500 million in global sales- half of that in the United States- but is growing about...

  • HOUSTON _ Bristow Group Inc. on Wednesday reported a loss of $100.9 million in its fiscal fourth quarter. The Houston- based company said it had a loss of $2.84 per share. For the year, the company reported that its loss widened to $195.7 million, or $5.54 per share.

  • *Talk of sanctions on Iran, lower Venezuelan supply support. *Possible lift of OPEC supply curbs could undermine rally. NEW YORK, May 23- Oil benchmarks fell on Wednesday after an unexpected build in U.S. crude and gasoline inventories despite strong demand, and as traders weighed a possible increase in OPEC crude output to cover any shortfalls in supply from Iran...

  • BISMARCK, N.D.— Interior Secretary Ryan Zinke faced protests and a heckler Wednesday as he delivered a message of government cooperation at a large energy industry conference in North Dakota. Zinke told the crowd at the Williston Basin Petroleum Conference in Bismarck that government needs to be a better partner with the energy industry.

  • May 22- Aye, aye, captain: the rights to The Krusty Krab, the greasy spoon featured in the popular children's TV series "SpongeBob SquarePants," belong to Viacom Inc and not to a Texas restaurateur hoping to open a seafood chain with that name. The 5th U.S. Circuit Court of Appeals ruled 3-0 on Tuesday that Viacom deserves trademark protection for The Krusty Krab, and...

  • May 22- Aye, aye, captain: the rights to The Krusty Krab, the greasy spoon featured in the popular children's TV series "SpongeBob SquarePants," belong to Viacom Inc and not to a Texas restaurateur hoping to open a seafood chain with that name. The 5th U.S. Circuit Court of Appeals ruled 3-0 on Tuesday that Viacom deserves trademark protection for The Krusty Krab, and...

  • NEW YORK— A reporter for The Associated Press was grabbed by the shoulders and shoved out of an Environmental Protection Agency building by a security guard Tuesday for trying to cover a meeting on water contaminants in which some reporters were welcomed and others were not. Knickmeyer, who said she was not hurt, was later let into the meeting when the EPA...

  • HOUSTON— Federal prosecutors say a 42- year-old Houston man has pleaded guilty to embezzling more than $3.4 million from a Dallas- based design and construction company where he was construction manager for a downtown Houston luxury hotel project. Attorney Ryan Patrick says Moses Said had worked for The Beck Group of Dallas in charge of Houston's Le Meridien...

  • CAPE CANAVERAL, Fla.— One of NASA's prime shippers, Orbital ATK, launched a fresh load of supplies to the International Space Station from Virginia on Monday. Earth's newest spacecraft launched this morning in a column of fire and roar, " NASA's space program manager, Kirk Shireman, said from Houston. The Cygnus holds a student cement-mixing experiment, as well as an...

  • HOUSTON— An emergency management official says nearly two dozen people suffered non-life threatening injuries in an explosion and a fire at a chemical plant near Houston. La Porte Emergency Management Lt. The plant's address is Pasadena, but is located in an unincorporated area between the Houston suburbs.

  • HOUSTON _ PrimeEnergy Corp. on Friday reported first-quarter net income of $3.3 million. The Houston- based company said it had net income of $1.14 per share. PrimeEnergy shares have increased 30 percent since the beginning of the year.

  • Among major oil- and gas-producing states, New Mexico added three rigs and Texas tacked on two. Alaska, Colorado, Louisiana, North Dakota and Ohio each shed one rig. Arkansas, California, Oklahoma, Pennsylvania, Utah, West Virginia and Wyoming saw their rig levels unchanged this week.