Top News & Analysis Houston

  • FRANKFURT- EURO FINANCE WEEK is the largest meeting of the banking and finance industry in Europe with more than 4,000 visitors and more than 20 specialist conferences and networking events. LONDON- Bank of England hosts "2nd conference on Forecasting at Central Banks" at 20 Moorgate Auditorium, London. LONDON- Bank of England MPC memeber Silvana Tenreyro...

  • HOUSTON, Nov 13- Shares of oilfield services firm Weatherford International on Tuesday slipped below $1 apiece, to a 29- year low, the latest sign that investors are losing confidence in its turnaround plan. Pressures on its share price intensified in the past two weeks after the Houston- based company missed its free cash flow targets in latest quarter, and said...

  • NEW YORK/ HOUSTON, Nov 13- General Electric Co plans to raise $4 billion in needed cash by year end, the company said on Tuesday, speeding its planned sale of a stake in oilfield services unit Baker Hughes. It has had three CEOs since July 2017 and its stock has fallen more than 80 percent since 2000.. Based on Tuesday's share price, the sale would raise about $4 billion.

  • HOUSTON, Nov 13- General Electric Co on Tuesday unveiled a plan to raise about $4 billion by accelerating a proposed sale of a stake in oilfield services provider Baker Hughes, its latest move to simplify its businesses and reduce debt. Based on Tuesday's share price of $23.76, the sale would raise around $3.97 billion. GE, which bought Houston- based Baker Hughes in...

  • **FRANKFURT- Speech by DaniEele Nouy, the head of ECB's supervisory board, at the Communicators Conference in Frankfurt, Germany- 0900 GMT. LONDON- Sam Woods, Bank of England Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority, to moderate a panel at Chatham House Conference on The Future of London as a...

  • **FRANKFURT- Speech by DaniEele Nouy, the head of ECB's supervisory board, at the Communicators Conference in Frankfurt, Germany- 0900 GMT. LONDON- Sam Woods, Bank of England Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority, to moderate a panel at Chatham House Conference on The Future of London as a...

  • HOUSTON, Nov 9- Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and selling it at a premium at Gulf Coast ports. These companies are taking advantage of extraordinary markdowns in West Texas where surging production and a lack of pipeline space sent the...

  • Nov 7- Voters in Colorado, Arizona and Washington states rejected ballot initiatives that sought to curb fossil fuels use by restricting drilling, putting a fee on carbon emissions and mandating wider use of renewable energy. In Colorado, an initiative to limit new drilling near populated or vulnerable areas, which would have heavily curtailed the industry,...

  • Nov 7- Colorado voters on Tuesday rejected a measure calling for greater distances between oil and gas drilling and public spaces, a move opponents said would have sharply limited new wells in the fifth-largest oil producing state in the nation. It garnered 43 percent of votes with 91 percent of precincts reporting, according to data from the Colorado...

  • Nov 7- Colorado voters on Tuesday rejected a measure calling for greater distances between oil and gas drilling and public spaces, a move opponents said would have sharply limited new wells in the fifth-largest oil producing state in the nation. It garnered about 43 percent of votes with more than three quarters of precincts reporting, according to data from...

  • Nov 5- U.S. oil and natural gas producer Occidental Petroleum Corp on Monday reported a surge in quarterly profit, helped by a one-time tax gain. The Houston- based company's net income rose to $1.87 billion, or $2.44 per share, in the third quarter ended Sept. 30, from $190 million, or 25 cents per share, a year earlier. The company benefited from an after-tax gain on the...

  • HOUSTON, Nov 1- EOG Resources on Thursday topped Wall Street's third-quarter profit and revenue estimates on record oil production, and raised its spending outlook for the full year. Houston- based EOG produced 415,000 bpd in the quarter ended Sept. 30, up 27 percent from the year-earlier period. EOG also lifted its spending budget for 2018 to between $5.8 billion...

  • The company's total sales volumes declined by 10,000 bpd versus a year ago to 345,000 bpd due to lower offshore output in Israel and Equatorial Guinea, and the sale of its deepwater U.S. The Houston- based company said average realized prices for U.S. onshore oil rose roughly 41 percent to $65.54 per barrel from a year ago, benefiting from a rise in crude prices to...

  • HOUSTON/ BOSTON Nov 1- Federal prosecutors have launched a criminal investigation of utility company NiSource Inc over gas explosions and fires in three Massachusetts communities that killed one person and injured at least 21 others in September, the company disclosed on Thursday. Grand jury subpoenas were served to NiSource and its subsidiary Columbia...

  • *U.S. sanctions on Iran's crude exports start Nov. 4. NEW YORK, Oct 31- Oil prices were mixed in volatile trade on Wednesday as strong U.S. demand for fuel helped offset a sixth straight week of crude builds and evidence of rising global supply despite sanctions that are already curbing Iranian crude exports. The Brent crude December futures contract, which expires...

  • HOUSTON, Oct 30- Chesapeake Energy Corp on Tuesday agreed to buy Texas oil producer WildHorse Resource Development Corp in a nearly $4 billion cash-and-stock deal that knocked down the natural gas producer's shares by nearly 14 percent. "Investors first response any time they see a company focus on growth is to sell off the stock, believing it pushes the free...

  • NEW YORK, Oct 26- Worries over global oil pricing and pipeline constraints are hanging over the energy sector as U.S. companies begin to report quarterly results, with many producers' shares trading lower on the year. But now oil prices are headed for their third straight weekly decline, extending a slide on concerns that slower global economic growth and the...

  • Margins for most independent U.S. refiners, which process heavy crude from countries such as Venezuela and Canada into diesel, gasoline and other products, have been boosted as U.S. crude's discount to Brent widened to more than $10 a barrel. The spread has widened on transportation constraints, that led to steeper discounts for Canada's oil than U.S. crude, which...

  • HOUSTON, Oct 25- Oil prices rose 1 percent on Thursday, following the U.S. stock market higher a day after Wall Street's biggest drop since 2011 and as Saudi Arabia's energy minister signaled major producers may have to intervene in crude markets to support prices. Brent crude futures rose 72 cents to settle at $76.89 per barrel as U.S. equities rose amid strong...

  • *Microsoft leads Wall St rebound from Wednesday's rout. HOUSTON, Oct 25- Oil prices climbed on Thursday as the U.S. stock market regained ground a day after Wall Street's worst meltdown in seven years and as Saudi Arabia's energy minister signaled major producers may need to intervene in crude markets to support prices. Brent crude futures crude rose 57 cents to...