BP's Hayward Must Face Lockerbie Questions -Sen Menendez
29th Jul 2010 15:28
WASHINGTON (AFP)--A U.S. senator angrily pressed BP Plc (BP) chief Tony Hayward on Thursday to make time in September to face a congressional probe into the oil giant's alleged role in the Lockerbie bomber's release. Democratic Senator Robert Menendez slammed Hayward's comment to reporters that
Read moreBP To Shut Unity Riser Platform In N Sea Aug 1-6 For Repairs
29th Jul 2010 15:25
LONDON (Dow Jones)--BP PLC (BP) will shut its Unity Riser platform in the North Sea for six days of planned maintenance starting from Aug. 1, a spokesman said Thursday. This is slightly longer than the previously reported three to four days. The Unity Riser platform is a key part of Forties
Read more2nd UPDATE: ONGC 1Q Net Down 24% On Sales Discounts, Lower Output
29th Jul 2010 14:51
(Adds comments from chairman, details, BP asset purchase details) By Rakesh Sharma and Eric Yep Of DOW JONES NEWSWIRES NEW DELHI (Dow Jones)--Oil and Natural Gas Corp. (500312.BY), India's largest oil producer by output, Thursday reported a 24% decline in its quarterly net profit, lagg
Read more2nd UPDATE: Shell's Flagship Field Feels Pain Of US Drilling Ban
29th Jul 2010 14:50
(Adds detail, background.) LONDON (Dow Jones)--Royal Dutch Shell PLC (RDSB) said Thursday its flagship deep water field in the Gulf of Mexico, Perdido, has been shut down since April in part because of the U.S. drilling moratorium and will only resume production at a slower-than-expected rate i
Read moreSEC Probes Trading In Anadarko Shrs After BP Well Accident-CNBC's Kelly
29th Jul 2010 14:50
DOW JONES NEWSWIRES A Securities and Exchange Commission informal investigation into unusual trading in the shares of BP PLC (BP, BP.LN) between April 20 and late June, includes shares in Anadarko Petroleum Corp. (APC), CNBC's Kate Kelly reported Thursday, citing a person familiar with the matt
Read moreRefinery Status: Frontier Wyoming Plant At -2-
29th Jul 2010 14:37
Expanded crude gather system 4Q will increase available crude 2010 supplies to refinery by 4Q. MIDWEST BP Toledo, OH 155.0 $400 million upgrade 2012 to start 2010. CVR Co
Read moreRefinery Status: Frontier Wyoming Plant At Reduced Rates After Fire
29th Jul 2010 14:37
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. A fire Wednesday shut
Read moreMARKET TALK: Little Logic In TNK-BP Buying BP Assets -Metropol
29th Jul 2010 13:50
1250 GMT [Dow Jones] There is little logic in BP (BP) selling assets to its Russian joint venture TNK-BP (TNBP.RS), despite reports the two companies are discussing BP's Venezuela assets, says Metropol analyst Alexander Nazarov. "BP needs to get the highest price for its assets. If it sells assets t
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jul 2010 13:50
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1250 GMT [Dow Jones] There is little logic in BP (BP) selling assets to its Russian joint venture TNK-BP (TNBP.RS), despite r
Read moreUPDATE: Essar, Vodafone Mull JV Listing; Essar Eyes BP Africa Assets
29th Jul 2010 13:16
By Rakesh Sharma and Santanu Choudhury Of DOW JONES NEWSWIRES (Adds comments from Essar, Vodafone executives, background) NEW DELHI (Dow Jones)--The chief executive of Essar Group said Thursday the company is in early talks with Vodafone Group PLC (VOD) about an initial public offering f
Read moreBEFORE THE BELL: US Stock Futures Rise On Strong Earnings Data
29th Jul 2010 13:06
By Polya Lesova Stock futures pointed to opening gains on Wall Street Thursday, as strong earnings reports from European companies buoyed sentiment, with traders awaiting results from oil major Exxon Mobil Corp. and data on U.S. weekly jobless claims. Futures on the Dow Jones Industrial Ave
Read moreINTERVIEW: Statoil CEO Wants To Join US Gulf Oil Strike Force
29th Jul 2010 11:20
By Johan Anderberg Of DOW JONES NEWSWIRES STOCKHOLM (Dow Jones)--Norwegian energy company Statoil ASA (STO) aims to be a part of the joint strike force that will be set up to staunch oil spills in the deep waters of the U.S. Gulf of Mexico in a billion-dollar bid to restore confidence after
Read moreBEFORE THE BELL: US Stock Futures Up Ahead Of Jobless Claims Data
29th Jul 2010 11:14
By Polya Lesova Stock futures pointed to opening gains on Wall Street Thursday, as strong earnings reports from European companies buoyed sentiment, with traders awaiting results from oil major Exxon Mobil Corp. and data on U.S. weekly jobless claims. Futures on the Dow Jones Industrial Ave
Read moreUPDATE: Shell's Flagship Field Feels Pain Of US Drilling Ban
29th Jul 2010 11:07
(Adds detail, background.) LONDON (Dow Jones)--Royal Dutch Shell PLC (RDSB) said Thursday its flagship deep water field in the Gulf of Mexico, Perdido, has been shut down since April because of the U.S. drilling moratorium and will only resume production at a slower than expected rate in October
Read moreShell: New Perdido Field Shut By US Drilling Moratorium
29th Jul 2010 10:13
LONDON (Dow Jones)--Royal Dutch Shell PLC's (RDSB) new Perdido field in the Gulf of Mexico was shut down in April by the U.S. drilling moratorium less than a month after starting up and won't resume production until October, said the company's Chief Financial Officer Simon Henry Thursday. The si
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