US BP Petrol Station Owners Seek Rebranding As Sales Fall-Report
1st Aug 2010 10:49
LONDON (Dow Jones)-The owners of BP PLC's 11,300 petrol stations in the U.S. are actively considering whether to ditch the BP brand in the wake of poor gasoline sales at some outlets following the U.S. Gulf of Mexico oil spill and revert to using the Amoco brand, The Sunday Telegraph reported. B
Read moreCORRECT: Efforts To Prepare Relief Well To Kill Gulf Spill Continued Sat
1st Aug 2010 05:15
(A report "Efforts To Prepare Relief Well To Kill Gulf Spill Continued Sat" published at 10:05 p.m. EDT misstated in the sixth paragraph the amount of coastline affected by the Gulf oil spill. A corrected version follows.) NEW YORK (Dow Jones)--Work continued Saturday to prepare a relief well t
Read moreUPDATE: Coast Guard: Work On Smaller Gulf Leak To Begin Sunday
1st Aug 2010 02:01
(Updates with Coast Guard statement about the estimated size of the well leak.) NEW YORK (Dow Jones)--The U.S. Coast Guard said that operations will begin Sunday to secure a leak at a well off the coast of Louisiana. "When the source is secured, a cap will be installed to ensure the wellhea
Read moreCoast Guard:Efforts To Contain Smaller Gulf Well Leak To Begin Sunday
31st Jul 2010 21:30
NEW YORK (Dow Jones)--The U.S. Coast Guard said that operations will begin Sunday to secure a leak at a well offshore Louisiana. The leak began after the well was hit by a towing vessel four days ago. "When the source is secured, a cap will be installed to ensure the wellhead is permanently
Read moreBP To Sell German Gasoline Station Unit Aral - Report
31st Jul 2010 15:29
BERLIN (AFP)--Cash-strapped British oil giant BP PLC (BP, BP.LN) is looking to sell its German fuel station unit, Aral, for at least EUR2 billion, a German magazine reported Saturday. Wirtschaftswoche cited unnamed investment bankers as saying that potential buyers of Germany's leading petrol st
Read moreNew BP Boss Off To Russia To Mend Fences With Moscow--Report
31st Jul 2010 10:15
LONDON (AFP)--Incoming BP PLC (BP, BP.LN) boss Bob Dudley next week will fly to Moscow to meet shareholders of its Russian joint venture TNK-BP, as relations thaw between the two companies, the Financial Times said Saturday. The visit will be Dudley's first trip to Russia since being forced to f
Read moreNew Study Aims To Locate Underwater Oil From Gulf Spill
31st Jul 2010 08:36
MIAMI (AFP)--With oil from the BP PLC (BP, BP.LN) spill fast disappearing from the surface of the Gulf of Mexico, a marine conservation group is embarking on a two-month expedition to evaluate the impact of oil remaining below the surface. The study by the conservation group Oceana set to begin
Read moreTransCanada: Alaska Gas Pipeline Got Multiple Shipper Bids
31st Jul 2010 01:36
By Edward Welsch Of DOW JONES NEWSWIRES CALGARY (Dow Jones)--TransCanada Corp. (TRP, TRP.T) received multiple bids from major shippers to participate in its proposed Alaska natural-gas pipeline project, though many came with conditions, the company's executive in charge of the project said F
Read moreCORRECT: BP, Exxon To Explore For Oil, Gas In Offshore Arctic -Imperial
30th Jul 2010 23:54
("=UPDATE: BP, Exxon To Explore For Oil, Gas In Offshore Arctic -Imperial," at 6:15 p.m. EDT, and the original story at 5:27 p.m. EDT, incorrectly spelled the name of the city Inuvik in the in the third paragraph. A corrected version follows:) By Edward Welsch Of DOW JONES NEWSWIRES CALG
Read moreUDPATE:US House Passes Offshore-Drilling Bill; Senate Fate Uncertain
30th Jul 2010 23:52
(Updates with comment from head of the American Petroleum Institute and more details.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. House of Representatives on Friday voted to overhaul the entire system of offshore drilling, responding to the worst offshore o
Read moreUS House Passes Offshore-Drilling Bill 209-193; Senate Fate Uncertain
30th Jul 2010 23:25
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. House of Representatives on Friday voted to overhaul the entire system of offshore drilling, responding to the worst offshore oil spill in U.S. history with new drilling safeguards and the elimination of a cap on damag
Read moreUPDATE: BP, Exxon To Explore For Oil, Gas In Offshore Arctic -Imperial
30th Jul 2010 23:15
(Adds background on the purchase of the Beaufort Sea leases.) By Edward Welsch Of DOW JONES NEWSWIRES CALGARY (Dow Jones)--BP PLC (BP, BP.LN), Exxon Mobil Corp. (XOM) and Imperial Oil Ltd. (IMO)--Exxon's separately traded Canadian subsidiary-- formed a joint venture to explore for oil a
Read moreUS House Votes to End Six-Month Deep-Water-Drilling Ban
30th Jul 2010 22:53
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. House of Representatives Friday voted to end a six-month ban on deep-water drilling, challenging the Obama administration's response to a BP PLC (BP, BP.LN) oil spill that is the worst in U.S. history. By 216-195,
Read moreBP, Exxon To Explore For Oil, Gas In Offshore Arctic -Imperial
30th Jul 2010 22:27
By Edward Welsch Of DOW JONES NEWSWIRES CALGARY (Dow Jones)--BP PLC (BP, BP.LN), Exxon Mobil Corp. (XOM) and Imperial Oil Ltd. (IMO) formed a joint venture to explore for oil and gas in Canada's Beaufort Sea, an Imperial Oil spokesman said Friday. BP, Exxon, and Imperial Oil--Exxon's s
Read more3rd UPDATE: Chevron 2Q Net Soars On Higher Prices, Refining Margins
30th Jul 2010 22:07
(Adds 2010 production outlook and updated stock price.) By Isabel Ordonez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Chevron Corp.'s (CVX) second-quarter earnings more than tripled, driven by higher oil prices and a surge in refining earnings. Chevron, of San Ramon, Calif., and the se
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