Sabine-Neches-Waterway

Valero joint venture plans oil dock at Sabine-Neches

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The $75 million oil dock will be able to receive tankers 24 hours a day and will deliver crude to Valero’s Port Arthur Refinery.
FMC Technologies' subsea equipment has helped fuel the company's growth. (Photo: Johnny Hanson/Houston Chronicle)

FMC Technologies expands with land purchase

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FMC Technologies has purchased a 173-acre parcel of land in northeast Houston, saying it will offer the fast-growing company more options in the future.
Categories: Deals
(Photo: Associated Press)

Floods blamed for 2.4M gallons of spilled crude, feds say

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Flood-related pipeline spills account for fewer than 1 percent of all pipeline accidents, but pose a greater threat to drinking water.

Fed minutes hit stocks as rally fizzles

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US stocks fell, while the US dollar shot higher after minutes of the last Federal Reserve meeting showed policy makers are growing wary of asset purchases
Categories: Uncategorized
A salvage team returns to Air Station Kodiak after boarding Shell's Kulluk drilling rig, grounded about 40 miles southwest of Kodiak City, Alaska on Sitkalidak Island. (U.S. Coast Guard photo by Petty Officer 1st Class Sara Francis.)

Environmentalists call for Arctic drilling moratorium

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Environmentalists on Thursday stepped up pressure on the Obama administration to halt Arctic oil exploration, citing the grounding of Shell’s Kulluk rig as fresh evidence that the work is too dangerous.

Al Jazeera to buy Al Gore’s Current TV

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Qatar-based broadcaster is set to launch a US-based news channel after acquiring Current TV in a deal analysts say could be worth $500m
Categories: Uncategorized

Crisis of faith over Vatican ATMs

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Bank of Italy blocks all electronic payments following Vatican City’s failure to fully comply with international anti-money laundering rules
Categories: Uncategorized

Depardieu in Russian citizenship thriller

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Russia’s 13% income tax is inspiring a new wave of westerners to defect but it remains to be seen if the French star will take up the offer
Categories: Uncategorized

Fed split over when to halt QE3

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Minutes of Federal Open Market Committee’s December meeting show several members want ‘to slow or to stop purchases well before the end of 2013’
Categories: Uncategorized

US clears Google’s core search business

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Despite giving the search engine a clean bill of health, the FTC announced a settlement that includes limits to the way Google enforces its patents
Categories: Uncategorized