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Top News & Analysis Houston

  • HOUSTON, Oct 16- The U.S. Coast Guard has suspended the search for a worker missing from an oil production platform in Louisiana's Lake Pontchartrain that exploded and caught fire late on Sunday. Missing is Timothy Morrison, 44, of Katy, Texas, the Coast Guard said in a statement. Three workers remain in hospital for blast and burn treatment, some in critical...

  • HOUSTON, Oct 16- The search continued for a worker missing from an oil production platform in Louisiana's Lake Pontchartrain that exploded and caught fire late Sunday, sending six others to hospital with injuries, the U.S. Coast Guard said. Coast Guard rescue crews and a helicopter failed to locate the worker overnight, according to Coast Guard Petty Officer...

  • HOUSTON, Oct 13- About 13 percent of U.S. Gulf of Mexico oil production remains offline in the aftermath of Hurricane Nate, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement said on Friday. That equals about 220,000 barrels per day in production that is offline, according to BSEE.

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

  • SALT LAKE CITY— A Texas couple who set out for a day trip to Lake Powell while on vacation in southern Utah ended up narrowly surviving six harrowing days stranded on a rocky, desolate dirt road that was impassable in their rental car, authorities said Friday. Helena Byler, 78, was found lying on the road Oct. 2 by a rancher who happened to be checking on his cattle in the...

  • A for rent sign in San Diego, California.

    While the national picture of high home prices and a tight supply may look bleak, certain local markets are still lucrative options.

  • HOUSTON, Oct 13- An accidental breach this week of Centurion Pipeline LP's oil pipeline in Oklahoma spilled 377 barrels of oil, or roughly 15,800 gallons, before it was repaired, the state's public utilities commission said on Friday. Matt Skinner, a spokesman for the Oklahoma Corporation Commission, said the spill was considered relatively large.

  • Rental housing has been a concern in many cities in Texas and Florida after hurricanes Harvey and Irma flooded tens of thousands of homes. Texas renters have complained of difficulties getting out of leases on damaged properties, short timelines for evictions, and trouble finding affordable rentals because landlords have a glut of tenants to choose from.

  • HOUSTON, Oct 12- About 20 percent of U.S. Gulf of Mexico oil production is offline in the aftermath of Hurricane Nate, the U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement said on Thursday. That equals about 344,000 barrels per day in production that is offline, according to BSEE.

  • HOUSTON— The Environmental Protection Agency approved a plan to remove sediments laced with highly toxic dioxin from a partially submerged Superfund site near Houston damaged during Hurricane Harvey, officials announced Wednesday. The EPA said in a statement that it planned to excavate 212,000 cubic yards of contaminated material from the site along the...

  • Oct 11- The part owner of several Florida- based energy companies on Wednesday became the latest person to plead guilty as part of an ongoing U.S. investigation into bribery at Venezuela's state oil company PDVSA. Fernando Ardila Rueda, 49, pleaded guilty in federal court in Houston to two counts, including that he violated the U.S. He became the 10th person to...

  • Oct 11- The part owner of several Florida- based energy companies on Wednesday became the latest person to plead guilty as part of an ongoing U.S. investigation into bribery at Venezuela's state oil company PDVSA. Fernando Ardila Rueda, 49, pleaded guilty in federal court in Houston to two counts including that he violated the U.S. Foreign Corrupt Practices Act...

  • Oklahoma Corporation Commission spokesman Matt Skinner said Wednesday that oil spilled into a dry creek bed in Lincoln County, south of the massive oil tank farm in Cushing. An Environmental Protection Agency spokesman didn't immediately respond to a call and email seeking comment. Lincoln County Emergency Management Director Wendi Marcy tells KFOR...

  • HOUSTON, Oct 11- The fifth largest U.S. buyer of Venezuelan crude, PBF Energy Inc, has halted direct purchases from state-run oil company PDVSA, according to four sources, deepening a rift amid sanctions on the OPEC- member country. Venezuela relies on oil for over 90 percent of export revenue and U.S. refiners are among its largest cash-paying customers.

  • "We are looking at numerous pre-petition transactions that were described at least in part" in Chapter 11 filings by Seadrill on Sept. 12, the committee's lawyer, Douglas Mannal, of Kramer Levin Naftalis& Frankel LLP said at a hearing in Houston on Tuesday. In a Sept. 13 court filing, Seadrill said it had successfully ring-fenced its non-consolidated affiliates,...

  • DETROIT— Stung by falling U.S. sales, Hyundai is pushing its dealers to modernize the new-car shopping experience, conceding that customers are well-armed with information from the internet before they step on the showroom floor. Hyundai Motor Co. hopes the move will boost U.S. sales, which are down almost 13 percent so far this year, a far bigger drop than the...

  • NEW YORK, Oct 10- A Texas- based chain of strip clubs would go on a buying spree. These are some of the uses of the tax savings that small and medium-sized U.S. companies say they would pursue if the Trump administration and the Republican-controlled Congress slashed corporate taxes as promised. "We want to be a company of the future, and technology is one of the key...

  • *For other news from Reuters Global Commodities Summit, click on http://www.reuters.com/summit/commodities17. LONDON, Oct 10- One of the world's largest oil traders, Gunvor Group, plans to grow via ventures and could sell stakes in some business units such as shipping or refining to partners, its founder Torbjorn Tornqvist told Reuters.

  • Supporters cheer for Republican presidential nominee Donald Trump during a campaign rally at the Freedom Hill Amphitheater November 6, 2016 in Sterling Heights, Michigan.

    One of the most powerful weapons agents used to reshape American politics was the anger real Americans were broadcasting on social media, NYT reports.

  • MORGANTOWN, W.Va.— Technology now in limited use removes about 90 percent of carbon dioxide from the smokestacks of coal-fired power plants, but energy experts say cost remains the chief obstacle to bringing the "clean coal" touted by President Donald Trump into the mainstream. "What we have now is a public policy challenge, or call it a political challenge if you...