Top News & Analysis Houston

  • The announcement, which promises to bring jobs and prestige to Alabama, disappointed lawmakers from Texas who had lobbied for the lunar lander program to be headquartered at the Johnson Space Center in Houston, which under NASA's announcement will play a secondary role. The Johnson Space Center, which managed Apollo and other NASA human spaceflight programs...

  • WASHINGTON, Aug 16- NASA Administrator Jim Bridenstine on Friday said Marshall Space Flight Center in Alabama will serve as headquarters for the U.S. space agency's program to build a spacecraft to put astronauts back on the moon by 2024.. Companies including billionaire entrepreneur Jeff Bezos' Blue Origin, Elon Musk's SpaceX and Lockheed Martin Corp are...

  • Aug 15- Spot power prices in Texas on Thursday hit $9,000 a megawatt hour for second time this week in the real-time market as at least one large power plant was out of service and consumers cranked up air conditioners to escape a heat wave. With continued hot weather forecast for the state, the Electric Reliability Council of Texas, grid operator for much of Texas,...

  • HOUSTON, Aug 15- EPIC Midstream Holdings LLC on Thursday began shipping crude oil on its 400,000 barrel per day pipeline from the Permian Basin to the U.S. Gulf Coast, pushing Midland crude prices higher, traders said. Terminal operator Moda Midstream LLC confirmed it would be accepting the Permian crude from the EPIC line at its export facility in Ingleside,...

  • CARACAS, Aug 15- Venezuela's opposition-controlled congress is considering reforms to the country's oil law that would open up the sector to private investment but are scaled back from the sweeping changes outlined in a past proposal, according to a draft of the bill seen by Reuters. The changes address issues that have limited companies' profitability since...

  • NEW YORK, Aug 14- Intercontinental Exchange Inc and Magellan Midstream Partners LP said on Wednesday they would auction dock capacity at Magellan's terminals in Galena Park and Seabrook, Texas, for holders of ICE's Permian West Texas Intermediate crude futures contracts. The monthly auction process will allow customers who purchase an ICE Permian WTI crude...

  • HOUSTON, Aug 13- EPIC Crude Pipeline LP is bringing into service a West Texas origin point and added a new U.S. Gulf Coast delivery point for its new crude oil pipeline, it said in a regulatory filing on Tuesday. *The San Antonio- based pipeline operator is bringing into service the origin point at Salt Creek Midstream in Wink, Texas, according to the filing with the...

  • Aug 13- Demand for electricity in Texas on Tuesday will break a record high that was hit on Monday as consumers keep their air conditioners cranked up to escape a heat wave baking much of the U.S. High temperatures in Houston, the state's biggest city, will reach 100 degrees Fahrenheit for a seventh day in a row on Tuesday, according to AccuWeather forecasts.

  • *British North Sea portfolio valued at up to $2 bln. LONDON, Aug 13- Exxon Mobil is considering an exit from the British North Sea after more than 50 years in the oil and gas basin as it focuses on U.S. shale production and new projects. Leaving the British North Sea would mark a major retreat from Europe for Irving, Texas headquartered Exxon, which has already put its...

  • Aug 12- Demand for electricity in Texas hit a record on Monday as consumers cranked up their air conditioners to escape a heat wave that is currently baking much of the Southeastern United States, according to the state's power grid operator. High temperatures in Houston, the state's biggest city by population, hit 100 degrees Fahrenheit on Monday and could go...

  • DENVER, Aug 12- Occidental Petroleum Corp expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company's finance chief said on Monday. Cedric Burgher, in his first public remarks since the $38 billion acquisition closed last week, told an EnerCom energy conference audience, the resulting debt burden was "not too...

  • HOUSTON, Aug 12- Oil prices were little changed on Monday as expectations that major producers would continue to reduce global supplies faced worries about sluggish crude demand growth due to the U.S.- China trade war. International benchmark Brent crude was 6 cents higher at $58.59 a barrel by 11:51 a.m. CDT, after trading between $57.88 and $58.88.

  • International benchmark Brent crude was 14 cents lower at $58.39 a barrel by 10:41 a.m. CDT, after trading between $57.88 and $58.88,. Kuwait was "fully committed" to the OPEC+ agreement, Oil Minister Khaled al-Fadhel said, adding the OPEC member has cut its own output by more than required by the accord. Analysts said that in a sign that de-facto OPEC leader Saudi...

  • HOUSTON, Aug 8- The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings. The two operators- EPIC Midstream and Plains All American- are opening lines that combined will in coming months be able to...

  • HOUSTON, Aug 8- The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings. The two operators- EPIC Midstream and Plains All American- are opening lines that combined will in coming months be able to...

  • HOUSTON, Aug 8- The operators of two new pipelines in West Texas shale fields are offering discounted prices to attract shippers accustomed to high fees to move oil to export hubs, according to the pipeline companies and federal filings. The two operators- EPIC Midstream and Plains All American- are opening lines that combined will in coming months be able to...

  • *Iraq poised to award part of huge Exxon project to oil rivals. BASRA, Iraq/ BAGHDAD, Aug 8- Iraq is close to reaching a deal with oil majors BP and Eni for an export pipeline project that was initially planned as part of a mega-deal with U.S. energy giant ExxonMobil, according to five senior Iraqi oil officials involved in the negotiations. The 30- year mega-project is...

  • HOUSTON, Aug 8- BP Midstream Partners LP is considering shipping other products besides diluent on its 135,000 barrel per day Diamondback pipeline, which helps transport diluent from the United States to Canada, Chief Executive Rip Zinsmeister said on Thursday. The Diamondback pipeline ships diluent from BP Plc's 430,000 bpd Whiting, Indiana, refinery...

  • Aug 8- Electric demand in Texas will reach record levels on Thursday as consumers crank up their air conditioners to escape a heat wave baking much of the state, according to projections by the state's power grid operator. High temperatures in Houston, the biggest city in Texas, were expected to near 100 degrees Fahrenheit every day through Aug. 14, according to...

  • HOUSTON, Aug 7- Oil prices tumbled nearly 5% on Wednesday after an unexpected build in U.S. crude stockpiles and on fears of slowing demand, but halved their losses in post-settlement trade on talk that Saudi Arabia was mulling options to halt crude's descent, alongside other producers. Brent crude futures settled down $2.71, or 4.6%, at $56.23 a barrel, the lowest...