US House Set To Vote On Offshore-Drilling Overhaul
30th Jul 2010 12:37
(This article was originally published Thursday.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. House of Representatives is set to vote Friday on remaking the entire offshore-drilling system, setting up a fight over how far the government should go in removin
Read moreExxon Mobil, PetroChina In Talks On China Gas Project -Source
30th Jul 2010 10:41
BEIJING (Dow Jones)--U.S. oil major Exxon Mobil Corp. (XOM) is in talks with PetroChina Co. (PTR) to jointly explore and develop an unconventional gas block in the resource-rich Ordos basin in north China, a person who has direct knowledge of the matter told Dow Jones Newswires. A successful con
Read moreSenator Says Lockerbie Investigators May Travel To UK
30th Jul 2010 01:32
LONDON (AFP)--A U.S. senator said Thursday investigators could be sent to U.K. to quiz witnesses who refused to travel to Washington to testify at a Senate probe into the release of the Lockerbie bomber. Key witnesses--including Scottish Justice Secretary Kenny MacAskill, former British justice
Read moreUPDATE: US Oil-Patch Democrats Oppose House Drilling Bill
29th Jul 2010 23:30
(Updates with quote from Rep. Waxman, in sixth paragraph.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Oil-state Democrats are lining up against offshore-drilling legislation up for a vote in the U.S. House of Representatives Friday, suggesting that Congress may face
Read moreUS House Lawmakers Raise Questions About BP's Academic Experts
29th Jul 2010 22:22
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Leading members of the U.S. House Energy and Commerce Committee are raising questions about academic experts hired by BP PLC (BP, BP.LN) to investigate the oil spill, saying reports reveal that BP asked them to sign confidentia
Read moreWhite House 'Strongly Supports' House Drilling Bill
29th Jul 2010 20:55
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Obama administration Thursday said it "strongly supports" an offshore drilling bill that is up for a vote Friday in the U.S. House of Representatives, including a controversial measure to discard the limit on damages that c
Read moreBrazil Petrobras Awaits Report On US Gulf Rig Accident
29th Jul 2010 20:51
By Jeff Fick Of DOW JONES NEWSWIRES RIO DE JANEIRO (Dow Jones)--Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, trusts its in-house safety measures and will wait for a conclusive report on the U.S. Gulf of Mexico rig accident before making any possible cha
Read moreUS Oil-Patch Democrats Oppose House Drilling Bill
29th Jul 2010 20:07
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Oil-state Democrats are lining up against offshore-drilling legislation that is up for a vote in the U.S. House of Representatives on Friday, suggesting that Congress may face pressure to scale back the legislative response to
Read moreFirst US Court Session Pits BP Against Oil Spill Victims
29th Jul 2010 19:56
BOISE (AFP)--BP PLC (BP, BP.LN) came face-to-face Thursday with victims of the Gulf of Mexico oil spill during a first court hearing into the case, which is likely to become one of the nation's biggest civil trials. The hearings in Boise, Idaho, were examining whether lawsuits from some 200 plai
Read moreSen Nelson Asks Finance Committee To Examine BP Tax Deductions
29th Jul 2010 19:51
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Sen. Bill Nelson (D., Fla.) is asking the U.S. Senate Finance Committee to investigate a $10 billion tax deduction that BP PLC (BP, BP.LN) is claiming on oil-spill clean-up costs and damages. The request follows the releas
Read moreUS Government: BP 'Static Kill' Schedule Could Be Accelerated
29th Jul 2010 19:34
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)-BP PLC (BP, BP.LN) could accelerate its plan for a "static kill," the federal response commander said Thursday. The "static kill," whereby mud is pumped on top of the well, has been scheduled for Aug. 2, Ret. Coast Guard Adm. Tha
Read moreOceaneering Switches Views, Now Sees Boost From Gulf Disaster
29th Jul 2010 18:08
By David Benoit Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--While other deepwater oil-field services companies operating in the Gulf of Mexico have expressed caution, Oceaneering International Inc. (OII) reversed course late Wednesday, saying its robotic vehicles and deep-sea services are e
Read moreMARKET TALK: Corporate Accountability? What A Quaint Idea
29th Jul 2010 17:24
12:24 (Dow Jones) BP's surprisingly strong 2Q revenue, reported earlier this week, combined with plans to sell $30B in assets has turned several analysts bullish. "It doesn't seem to matter BP was responsible for the worst environmental disaster in American history," former labor secretary Robert Re
Read more2nd UPDATE: More Forties Cargoes Deferred On Unstable Output
29th Jul 2010 17:22
(Add more deferrals, maintenance, Forties price) By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--More North Sea Forties crude cargoes for August loading were deferred due to unstable production at some fields, traders said Thursday. Cargoes numbered F0802, F0804, F0806, F0808
Read moreBP Hires HSBC To Sell Stake In Vietnam Gas Field - Source
29th Jul 2010 16:03
By Jessica Hodgson and James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) has hired HSBC Holdings PLC (HBC) to sell its stake in a natural gas field in Vietnam, a person familiar with the matter said Thursday. BP has said it will sell its Vietnam assets, principally the
Read more