Article 7347
McDermott, Quanta, Helix report earnings

McDermott reports loss McDermott International Inc. has reported a loss of $476,000 in its fourth quarter. On a per-share basis, the Houston-based company said Tuesday it had a loss of less than 1 cent. Earnings, adjusted for non-recurring costs, were 2 cents per share. The maker of offshore drillin ...

REFUGIO — A natural gas pipeline has exploded in South Texas, in a fiery display that lit up the sky and could be seen for miles. Texas Department of Public Safety Sgt. Nathan Brandley says the explosion occurred early Wednesday near Refugio (ray-FYOO’-ee-oh), a rural community north of Corpus ...

Feds respond to Gulf pipeline leak

CAMERON, La. — Federal regulators say a pipeline is leaking natural gas and liquid hydrocarbons in the Gulf of Mexico off Louisiana. The Bureau of Safety and Environmental Enforcement and the U.S. Coast Guard are responding to the leak in waters roughly 30 miles southwest of Cameron, Louisiana. It w ...

T. Boone Pickens recovering from ‘mini-stroke’

DALLAS — Oil tycoon T. Boone Pickens is recovering after suffering a mini-stroke last month. Jay Rosser, Pickens’ chief of staff, said in an email Monday the mini-stroke happened a few days before Christmas and Pickens was hospitalized for a few days. Rosser says Pickens’ speech was affected by the ...

Halliburton to hire 200 workers in Permian Basin

CARLSBAD, N.M. — Oil services company Halliburton has announced plans to bring about 200 jobs to the Permian Basin, an area which covers southeast New Mexico and parts of western Texas. The Current-Argus reports that Halliburton spokeswoman Emily Mir says in a Wednesday statement there will be job o ...

EPA: ‘Data gaps’ block verdict on fracking, drinking water

WASHINGTON — Hydraulic fracturing to drill for oil and natural gas poses a risk to drinking water in some circumstances, but a lack of information precludes a definitive statement on how severe the risk is, the Environmental Protection Agency says in a new report that raises more questions than answ ...

Glencore’s purchase of part of Russia’s Rosneft oil company raises questions

  MOSCOW — A surprise decision by Russia to sell a fifth of its state-controlled oil company to, among others, a Swiss company has raised questions about the impact of Western sanctions and who is behind the deal. The CEO of Rosneft said late Wednesday that it had agreed to sell a 19.5 percent ...

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