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Indian firm hikes Lyondell bid to $14.5 billion

Reliance Industries Ltd., owner of the world's largest oil-refining complex, raised its offer for bankrupt LyondellBasell Industries AF to about $14.5 billion, according to two people with knowledge of the offer.

Schlumberger's merger could trigger Houston layoffs

Schlumberger's $11 billion merger with Smith International should mean heavy cuts for a city where the firms have more than 8,000 workers.

Schlumberger deal could put it into better domestic gas position

Schlumberger's CEO says the proposed $11 billion merger with Smith International could bring new technologies and services to the challenge of extracting shale gas.

Gasoline heading above $3 a gallon by this summer

Retail gas prices likely bottomed out last week, and they're again headed to above $3 a gallon this summer, experts said.
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multimedia reports
Exploring Mars — Shell's giant Gulf platform is back on track after Katrina.
A Taste of Texas — Texas dude ranches help foreign tourists find their inner cowboy.
Stoves for Guatemala — A simple design by a Texas nonprofit changes the lives of poor women.
Gas prices — What goes into the price of a gallon of gasoline?
Texas City explosion — The deadly BP blast of March 2005.
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Do Not Call TX — Register online for the state no-call list.
Do Not Call US — Register for the online national no-call list.
GasPriceWatch.com — Enter your ZIP code and see local prices.
Gasoline Prices — Average Houston gasoline prices from AAA.
Texas electricity providers — Consumer information and rates.
Houston electricity choices — Compare sources, plans, rates.
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