News

Wednesday June 8th, 2005

Posted on · BP said to be close to settling some lawsuits from March 23rd Texas City refinery explosion…Globeleq expands Tanzania power station in mission to bring electricity to Third World… BP is close to settling many of the lawsuits spawned by the deadly March 23rd explosion at its Texas City refinery. Fifteen people died and more than […]

News

Tuesday June 7th, 2005

Posted on · Continental backs down from fare increase…Houston ranks 28th in free wireless Internet access…OSHA alleges 34 violations at Marcus Oil and Chemical plant… The latest fare increase by the nation’s airlines has fallen apart, including a limited price hike put in place by Houston-based Continental Airlines. United Airlines initiated the increase last Thursday night, and others […]

News

Monday June 6th, 2005

Posted on · Lea Fastow released from federal prison into downtown Houston halfway house…Fifteen families near Crosby forced out of homes by natural gas well fire face being kept away up to a month…U. S. Supreme Court rules foreign cruise lines sailing here must provide better handicap access… The wife of former Enron finance chief Andrew Fastow was […]

News

Nigeria Looking to Minority Companies for Oil Exploration

Posted on · The Nigerian government has scheduled a round of bidding for oil and natural gas drilling projects this summer. Nigeria is interested in attracting more minority companies into the process. Nigeria was under military rule until 1999, and the country’s president is reform-minded, including reforming the way rights to oil and gas assets are given out. […]

News

Friday June 3rd, 2005

Posted on · Texas gasoline prices lower for fifth straight week…Institute for Supply Management says services sector of economy is expanding, slowly…Greater Houston Partnership hosts World Trade Gala Saturday evening… Texas gasoline prices are lower for the fifth straight week to below $2 a gallon. Some Houston area independent gas stations, however, have increased prices this week from […]

News

Thursday June 2nd, 2005

Posted on · ConocoPhillips said to be ready to finalize joint venture in Russia…Continental reports highest-ever passenger loads for month of May…Dell debuts two environmentally friendlier PCs… ConocoPhillips and Lukoil hope to finalize a $500 million joint venture to develop a Siberian oil province, according to Reuters. Houston-based ConocoPhillips will take a 30 percent stake for its investment […]

News

Wednesday June 1st, 2005

Posted on · Former Portland General Electric CEO testifies for defense in Enron Broadband trial…Texans can get free copy of their credit report beginning today…Report indicates business owners more pessimistic… The former head of an Oregon utility that Enron acquired testified today that he actively encouraged Enron’s foray into broadband. Former Portland General Electric CEO Ken L. Harrison […]

News

Tuesday May 31st, 2005

Posted on · U. S. Supreme Court overturns Arthur Andersen conviction…Former Yukos head Mikhail Khodorkovsky receives nine year prison sentence in Moscow… A spokesman for the Arthur Andersen accounting firm says the former Big Five company feels vindicated by a U. S. Supreme Court decision today. The high court has unanimously overturned the conviction of the Arthur Andersen […]