UPDATE: BP: Debris In Relief Well Causes Delay In Static Kill
30th Jul 2010 21:59
(Updates with additional details on kill operation from BP executive.) HOUSTON (Dow Jones)--BP PLC'S (BP, BP.LN) attempt to kill the well that spewed millions of gallons of oil in the Gulf of Mexico will be delayed until early next week, as the company cleans up rock debris found at the bottom
Read more2nd UPDATE: Chevron 2Q Net Soars On Higher Prices, Refining Margins
30th Jul 2010 20:00
(Adds comments from conference call, analyst's comments, background 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. Che
Read moreUPDATE: Fate Of Senate's Oil-Spill Bill Growing Uncertain
30th Jul 2010 19:25
(Updates to include details on the Senate's procedural options on the spill bill.) By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. Senate appears increasingly unlikely to pass an oil-spill bill before it leaves for a summer break in August, partly due to disagre
Read moreBP: Debris In Relief Well To Cause Slight Delay In 'Static Kill'
30th Jul 2010 19:20
HOUSTON (Dow Jones)--BP PLC'S (BP, BP.LN) attempt to kill the well that spewed millions of gallons of oil in the Gulf of Mexico will be delayed until early next week, as the company cleans up rock debris found at the bottom of a relief well, a spokesman said Friday. The start of the so-called "s
Read moreDOJ May Subpoena BP Managers In Probe Of Oil Spill
30th Jul 2010 18:31
BP PLC (BP) managers may be subpoenaed in connection with a criminal probe of the company's catastrophic oil spill in the Gulf of Mexico, Bloomberg News reported Friday, citing a person familiar with the investigation. Justice Department lawyers reportedly urged that a grand jury be convened to
Read moreNOAA: Probability Oil Spill Hitting S Fla, East Coast Still Low
30th Jul 2010 18:24
DOW JONES NEWSWIRES The probability of oil from the Deepwater Horizon disaster in the U.S. Gulf of Mexico will impact southern Florida and the Keys and then travel up the eastern U.S. seaboard remains small assuming the wellhead remains capped, the National Oceanic and Atmospheric Administratio
Read moreBP Turns Down Sinopec's Offer For Assets - Report
30th Jul 2010 17:30
DOW JONES NEWSWIRES BP PLC (BP) turned down an offer from Sinopec for some of its assets, according to a report on ChinaDaily.com Friday. "We've talked to BP on some good assets, but they won't sell," Zhang Jianhua, Sinopec's senior vice president, told the China Daily in an interview. J
Read morePRESS RELEASE: FDA Says Some La. Waters Reopened To Commercial Fishing
30th Jul 2010 16:59
STATEMENT BY MARGARET A. HAMBURG, COMMISSIONER OF FOOD AND DRUGS, ON THE REOPENING OF SOME LOUISIANA STATE WATERS TO COMMERCIAL FISHING "We are pleased to be able to support the state of Louisiana as they reopen state waters to commercial fishing today that span from the Mississippi River Delta
Read moreBP's Dudley Vows No Pullback From Gulf Oil Crisis
30th Jul 2010 16:57
NEW ORLEANS (AFP) -- Incoming BP Plc (BP) chief executive Bob Dudley vowed Friday the company would stay the course in cleaning up the oil-hit Gulf region during his first visit since he was named to take the company's helm. "We've had some good news on the oil... but that doesn't mean we're don
Read moreFate Of Senate's Oil-Spill Bill Growing Uncertain
30th Jul 2010 16:43
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. Senate appears increasingly unlikely to pass an oil-spill bill before it leaves for a summer break in August. Senate Majority Leader Harry Reid (D., Nev.) unveiled a bill earlier this week that tackles a variety of
Read moreRefinery Status: Flint Hill Restarts Units After -2-
30th Jul 2010 16:04
placed in 2011. 77,000-b/d FCCU at reduced n/a rates since mid-Dec for economic reasons. Valero Sunray, TX 170.0 55,000-b/d FCCU at reduced n/a rates since mi
Read moreRefinery Status: Flint Hill Restarts Units After Brief Snag Thursday
30th Jul 2010 16:04
DOW JONES NEWSWIRES The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. Flint Hill Resources T
Read morePRESS RELEASE: BP To Establish $100M Charitable Fund
30th Jul 2010 15:57
BATON ROUGE, La - BP today announced that it will establish a $100 million charitable fund to support unemployed rig workers experiencing economic hardship as a result of the moratorium on deepwater drilling imposed by the United States federal government. The Rig Worker Assistance Fund will be
Read morePRESS RELEASE: BP Hires Witt Associates
30th Jul 2010 15:39
Today BP announced it has hired Witt Associates, and its CEO James Lee Witt, to support BP's work to restore Gulf Coast communities in the wake of the oil and gas spill in the Gulf of Mexico. Witt Associates, a public safety and crisis management consulting firm, founded by former FEMA Director
Read morePRESS RELEASE: BP Establishes $100M Fund To Assist Dispalced Rig Workers
30th Jul 2010 14:45
BP fulfills commitment to assist displaced rig workers, establishes $100 million fund through Baton Rouge foundation Release Date: 30 July 2010 BATON ROUGE, La - BP today announced that it will establish a $100 million charitable fund to support unemployed rig workers experiencing economic h
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