Top News & Analysis Houston

  • Aug 20- U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities. The case relates to the nationalization of Conoco assets dating back over a decade in...

  • Aug 20- U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company from exporting oil from most of its key Caribbean facilities. The case relates to the nationalization of Conoco assets dating back over a decade in...

  • HOUSTON, Aug 20- Venezuela's PDVSA and NuStar Energy LP have reached an agreement over outstanding storage fees, allowing the state-run company to resume use of a key storage terminal in the Caribbean, the U.S. energy firm said on Monday. The terminal played a role in a legal dispute between PDVSA and ConocoPhillips, which earlier this year tried to enforce a $2...

  • HOUSTON _ PrimeEnergy Corp. on Monday reported a second-quarter loss of $560,000, after reporting a profit in the same period a year earlier. On a per-share basis, the Houston- based company said it had a loss of 27 cents. PrimeEnergy shares have risen 48 percent since the beginning of the year.

  • Aug 20- U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement on a $2- billion arbitration award, the companies said, suspending a dispute that blocked the state-run firm from exporting oil from most of its key Caribbean facilities. Venezuela's crude production, a major source of revenue, has fallen to a six-decade low this year as...

  • Aug 20- U.S. producer ConocoPhillips on Monday said Venezuela's PDVSA agreed to pay $2 billion to settle an arbitration award, suspending a dispute that blocked the state-run oil firm from exporting crude from most of its key Caribbean facilities. Venezuela's crude production, a major source of revenue, has fallen to a six-decade low this year as lack of cash for...

  • CARACAS, Venezuela— U.S. oil giant ConocoPhillips says it has reached an agreement with Venezuela* s state-owned oil company to recover nearly $2 billion it was awarded as part of a decade-old expropriation dispute. In exchange, Conoco will suspend legal actions to seize PDVSA's facilities in the Dutch Antilles that had threatened to disrupt Venezuela* s...

  • SINGAPORE, Aug 20- The Southeast Asian offshore natural gas assets of U.S. oil and gas producer Hess Corp, estimated to be worth as much as $5 billion, have attracted takeover interest from firms including Thailand's PTTEP PCL and Austrian energy group OMV AG, people familiar with the matter said. Hess, which has a collection of gas fields in North Malay Basin in...

  • SHENZHEN, China/ SHANGHAI, Aug 20- Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing centre of the world. But the final straw may be the prospect of tariffs stemming from a trade war between the United States and China, and a world of more protectionism. And it's been getting more and more...

  • Among major oil- and gas-producing states, Texas gained three rigs, Louisiana and Pennsylvania each increased by two and Oklahoma added one. New Mexico lost three rigs and Alaska, Ohio, West Virginia and Wyoming each decreased by one. Arkansas, California, Colorado, North Dakota and Utah were unchanged.

  • WASHINGTON, Aug 16- Texas environment regulators should coordinate shutdowns of oil refineries and other petrochemical plants during major storms to avoid big releases of air pollution like during last year's Hurricane Harvey, a report said on Thursday. Texas industry, including refineries and petrochemical plants, released an extra 8.3 million pounds of...

  • WASHINGTON, Aug 16- Texas environment regulators should coordinate shutdowns of oil refineries and other petrochemical plants during major storms to avoid big releases of air pollution like during last year's Hurricane Harvey, a report said on Thursday. Texas industry, including refineries and petrochemical plants, released an extra 8.3 million pounds of...

  • Hans Vestberg, CEO of Verizon

    Verizon chief Hans Vestberg says the top wireless carrier doesn't need to compete in premium content to succeed.

  • The proposed acquisition is Diamondback's second in the Permian in a week, after striking a deal to pay $1.2 billion for Ajax Resources LLC. West Texas shale producers also are facing pressure to expand scale and efficiency in the Permian basin as higher costs for services, and the need to secure limited pipeline transport out of the region, weigh on smaller and...

  • BOISE, Idaho— Idaho officials violated the U.S. "Every Idaho landowner should be worried that an outside oil company can come here, drill your land, take your oil or gas while exposing your family and greatest lifetime investment to tremendous risk and pay you a pittance for doing so," Shelly Brock, Citizens Allied board president, said in a statement.

  • HOUSTON _ Sharps Compliance Corp. on Tuesday reported a fiscal fourth-quarter loss of $146,000, after reporting a profit in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. Three analysts surveyed by Zacks expected $11.2 million.

  • HOUSTON _ Tidewater Inc. on Monday reported a loss of $10.9 million in its second quarter. On a per-share basis, the Houston- based company said it had a loss of 44 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • HOUSTON _ Sysco Corp. on Monday reported fiscal fourth-quarter profit of $448.9 million. The Houston- based company said it had net income of 85 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 94 cents per share.

  • HOUSTON _ Nine Energy Services Inc. on Monday reported second-quarter profit of $9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 38 cents per share. Four analysts surveyed by Zacks expected $190.7 million.

  • *But U.S. sanctions targeting Iran oil sector loom over markets. SINGAPORE, Aug 13- Oil prices dipped on Tuesday as rising trade tensions dented the outlook for fuel demand growth especially in Asia, although U.S. sanctions against Iran still pointed towards tighter supply. Despite the gloomy outlook for trade and the potential slowdown in economic growth, oil...