Top News & Analysis Houston

  • LONDON, May 23- The United States told some large foreign firms this week they should stop trading jet fuel with Venezuela or face sanctions, according to two industry sources, ratcheting up pressure intended at removing Venezuelan President Nicolas Maduro from power. U.S. State Department officials called several large Swiss-and British-based trading...

  • May 23- U.S. forecasters expect the 2019 Atlantic hurricane season beginning June 1 to be near average in the number and intensity of storms, the National Oceanic and Atmospheric Administration's Climate Prediction Center said on Thursday. The condition is a warming of ocean surface temperatures in the eastern and central Pacific and when strong is...

  • May 23- U.S. forecasters expect the 2019 Atlantic hurricane season beginning June 1 to be near average in the number and intensity of storms, the National Oceanic and Atmospheric Administration's Climate Prediction Center said on Thursday. The forecasters estimate between two and four major hurricanes packing winds of at least 111 miles per hour could...

  • May 23- U.S. forecasters expect the 2019 Atlantic hurricane season beginning June 1 to be near-normal in the number and intensity of storms, the National Oceanic and Atmospheric Administration's Climate Prediction Center said on Thursday.

  • LONDON, May 23- The United States told some large trading houses this week they should stop trading jet fuel with Venezuela or face sanctions, ratcheting up pressure aimed at removing Venezuelan President Nicolas Maduro from power, according to two industry sources. According to the two sources familiar with the calls to several large Swiss- and British-based...

  • CARACAS, May 22- The United States should help Venezuela keep control over U.S. refiner Citgo by preventing its seizure by creditors seeking to collect on unpaid Venezuelan debts, opposition leader Juan Guaido said in an interview with Reuters on Wednesday. Venezuela's opposition is pushing to remove President Nicolas Maduro amid a catastrophic economic...

  • DUBAI/ NEW YORK, May 22- Saudi Aramco signed a 20- year agreement to buy liquefied natural gas from a forthcoming export terminal in Texas that U.S.-based Sempra Energy is developing, the two companies said on Wednesday. Aramco has been developing its own gas resources and eyeing gas assets in the United States, Russia, Australia and Africa. Aramco will also buy a...

  • BOGOTA, May 22- Colombia's state-run oil company Ecopetrol said on Wednesday its crude exports to the United States rose nearly 25% in the first quarter because of lower supply from neighboring Venezuela and higher production. Colombia is among the top 10 suppliers of crude to the United States. "The main reasons for the good performance of crude oil exports to...

  • HOUSTON, May 21- Pioneer Natural Resources Co is moving about 200,000 barrels per day of crude from the Permian basin to the U.S. Gulf Coast, with about 80 percent of that loaded on ships for export, Chief Financial Officer Rich Dealy said on Tuesday. The percentage of volumes being exported is expected to grow over time, Dealy told Reuters on the sidelines of the RBN...

  • *Zambia plans to strip Vedanta-controlled KCM of license. LUSAKA, May 20- Zambia plans to strip Vedanta-controlled Konkola Copper Mines of its mining license and bring a new investor into the operation, in a move likely to stoke international miners' concerns about rising government intervention in the sector. Zambia, Africa's second-biggest copper producer,...

  • HOUSTON, May 18- Carlyle Group LP is in discussions with three companies that operate pipelines and terminals to sell a 25% stake in its Corpus Christi, Texas, crude oil export terminal for $625 million, according to a source familiar with the matter. Carlyle is also in talks with the three companies to jointly operate a crude oil pipeline from Houston to Corpus...

  • *Washington- Tehran tensions spill over into Iraq. BASRA, Iraq/ DUBAI, May 18- Exxon Mobil has evacuated all of its foreign staff, around 60 people, from Iraq's West Qurna 1 oilfield and is flying them out to Dubai, a senior Iraqi official and three other sources told Reuters on Saturday. Production at the oilfield was not affected by the evacuation and work is...

  • A U.S. Coast Guard spokeswoman declined to confirm the reopening. Forty-one ships were waiting at noon to enter the 53- mile waterway connecting the refining hubs of Houston and Texas City to the Gulf of Mexico, up from 33 on Wednesday morning, the group said. The collision between the liquid petroleum gas tanker Genesis River and two barges under tow by Kirby...

  • HOUSTON, May 14- A bottleneck of inbound traffic on the Houston Ship Channel eased on Tuesday though one-way travel restrictions remained following a weekend collision between a deep-draft ship and a barge, officials said on Tuesday. West Texas Intermediate crude at the Magellan East Houston terminal on the ship channel traded at an $8.10 a barrel premium to...

  • HOUSTON, May 14- A bottleneck of inbound traffic on the Houston Ship Channel eased on Tuesday though one-way travel restrictions remained following a weekend collision between a deep-draft ship and a barge, officials said on Tuesday. Thirty-five ships were waiting at 6 a.m. local time to enter the 53- mile waterway connecting the refining hubs of Houston and...

  • HOUSTON, May 13- The Houston Ship Channel could remain under one-way travel restrictions all week following a collision between a deep-draft ship and a barge that spilled petrochemicals into the waterway, according to an official. The U.S. Coast Guard limited travel to one-way traffic because barges blocked part of the channel. The 53- mile waterway connects...

  • HOUSTON, May 13- The Houston Ship Channel could remain under one-way travel restrictions all week following a collision between a deep-draft ship and a barge that spilled petrochemicals into the waterway, according to a port official. The U.S. Coast Guard limited travel to one-way traffic due to the barges blocking part of the channel. The 63- mile waterway...

  • HOUSTON, May 13- Shipping along the Houston Ship Channel was limited to one-way traffic on Monday after a barge collided with a deep-draft ship that spilled petrochemicals into the waterway over the weekend, officials said. About 9,000 barrels of gasoline spilled into the channel near Bayport, Texas, when a 755- foot tanker collided with a Kirby Inland Marine...

  • Weatherford expects to reduce its long-term debt by more than $5.8 billion, through the restructuring. For the period ended March 31, it posted a loss of $481 million, or 48 cents a share, compared with a loss of $245 million, or 25 cents, a year earlier. Rising losses had left Weatherford without access to suitable financing and sparked the departure of key employees,...

  • The company, which at its peak was valued at more than $50 billion, never recovered from the 2014 oil price collapse. Efforts under Chief Executive Officer Mark McCollum to quickly sell assets and pare debt struggled. For the period ended March 31, it posted a loss of $481 million, or 48 cents a share, compared with a loss of $245 million, or 25 cents, a year earlier.