Tuesday newspaper round-up: HSBC, Santander, Wheat prices
3rd Aug 2010 06:52
HSBC, Britain's biggest bank, emphatically rejected suggestions yesterday that it was needlessly denying credit to small companies and claimed that most business customers were paying a lower rate of interest than before the credit crisis hit three years ago. Douglas Flint, its finance director, in
Read moreTable Of UK & Norway Oil, Gas Field Outage Schedules
2nd Aug 2010 12:17
(Adds maintenance at Gassco's Vesterled pipeline, Nexen's Buzzard, and Total's Elgin Franklin fields.) LONDON (Dow Jones)--The following table lists unplanned and planned outages at U.K., Norwegian and Danish oil and natural gas fields in 2009 and 2010 as reported by Dow Jones Newswires from bo
Read moreEuropean midday: BNP Paribas, HSBC boost banks
2nd Aug 2010 11:54
Banks are leading the way on Europe's main markets after forecast-beating quarterly figures from BNP Paribas and HSBC. France's biggest listed bank is leading the way, up almost 5%, after reporting a better-than-expected 31% rise in second-quarter net profit on Monday. Net profit for the three mon
Read moreBP's Dudley,Hayward To Meet Russian Top Energy Official This Wk
2nd Aug 2010 11:45
MOSCOW (Dow Jones)--BP PLC's (BP) newly appointed Chief Executive Robert Dudley will travel with departing CEO Tony Hayward to Moscow this week to meet with Russia's top energy official Igor Sechin, a government spokesman said Monday. Dudley and Hayward will meet Sechin, who is deputy prime mini
Read moreKuwait Invest Authority: Received No Offer From BP To Up Stake
2nd Aug 2010 11:16
DUBAI (Zawya Dow Jones)--The Kuwait Investment Authority, or KIA, the country's sovereign wealth fund, said Monday it has received no offer from BP PLC (BP) to raise its stake in the troubled U.K. oil major. "The Kuwait Investment Authority did not receive an offer from BP to increase its stake
Read moreBP: No Plans To Sell German Fuels Distribution Business
2nd Aug 2010 09:10
LONDON (Dow Jones)--BP PLC (BP) has no plans to sell it fuel distribution business in Germany, called Aral, because it is a core operation, said a company spokeswoman Monday. BP has said it will raise $30 billion by selling oil and gas exploration and production assets, but it has, "no plans for
Read moreBP prepares permanent seal for Gulf well
2nd Aug 2010 08:46
BP is gearing up to begin sealing the broken Maconda well in the Gulf of Mexico either tonight or tomorrow, more than three months after an explosion sparked the biggest environmental disaster in American history. Mud will be injected into the well to overpower the pressure from huge oil and gas re
Read moreKuwait's KIA Mulls Upping Stake In BP To 3% - Report
2nd Aug 2010 07:28
BEIRUT (Zawya Dow Jones)--The Kuwait Investment Authority, or KIA, the country's sovereign wealth fund, doesn't intend to exit its stake in BP PLC and is considering acquiring an additional interest in the beleaguered oil giant, Kuwait-based Al Anba daily reports Monday, citing a senior KIA official
Read moreMonday newspaper round-up: Banks, BP, British Land
2nd Aug 2010 06:39
The new chairman of the powerful Commons Treasury Select Committee has stepped into the escalating row over loans to small business, telling ministers to stop threatening the banks. Andrew Tyrie, the Conservative MP for Chichester, issued the warning as the high street banks braced themselves for f
Read moreBP's Suttles: Clean-up To Continue As Long As Needed
1st Aug 2010 22:09
SOUTH PASS, Louisiana (Dow Jones)--The amount of oil found on Louisiana's shore and waters has decreased dramatically since BP PLC (BP) shut in a leaking Gulf of Mexico well, Chief Operating Officer Doug Suttles said Sunday. Months of clean-up efforts have also improved the situation of some pla
Read moreBP Reports Flaring At Texas City Refinery - Filing
1st Aug 2010 19:59
NEW YORK (Dow Jones)--BP PLC (BP, BP.LN) reported a flaring event at its Texas City, Texas, oil refinery for a period of 24 hours from an undetermined source, a filing to Texas state environmental regulators said. The event, which began at around 9:45 a.m. CDT on Saturday, sending emissions of b
Read moreItaly Minister Leans Toward Offshore Drilling Halt - Report
1st Aug 2010 19:36
DOW JONES NEWSWIRES Italy's environment minister has added her voice to the idea of a moratorium on offshore drilling for oil and natural gas in the Mediterranean, just weeks before BP PLC (BP, BP.LN) plans to begin drilling operations off the coast of Libya, the Financial Times reports on its
Read moreCrews Prepare 'Kill' Operation For Ruptured Oil Well
1st Aug 2010 17:48
NEW ORLEANS (AFP) -- After months of uncertainty and frustration, crews made preparations Sunday for an ambitious attempt to permanently seal the ruptured Gulf of Mexico oil well. The operation is one of two bids to definitively "kill" the damaged well, which has spewed noxious crude into the Gu
Read moreBP Eyes Sale Of German Petrol Station Unit Aral For EUR2B-Report
1st Aug 2010 12:58
FRANKFURT (Dow Jones)--U.K. oil-major BP Plc (BP) is looking to sell its German petrol station business Aral as part of its divestment program to raise money to cover the cost of the Gulf of Mexico oil spill, weekly magazine WirtschaftsWoche reports ahead of publication Monday, citing unnamed invest
Read moreSunday newspaper round-up: Bank profits, BP, ITV
1st Aug 2010 11:59
Royal Bank Of Scotland could break back into the black this week, boosting hopes that taxpayers could make a profitable exit from the government's bank bailouts. Analysts expect RBS to post a pre-tax profit of about £200m for the first six months of the year, ending a two-year run of multi-billion
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