BP: Removed Storm Plug From Relief Well At US Gulf Spill Site
28th Jul 2010 16:46
DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) said Wednesday that one of its drilling rigs successfully removed a storm plug placed on a relief well at the Deepwater Horizon spill site, and it is preparing to run drill pipe into the well. The plug was put in place when the com
Read moreUPDATE: Forties Cargo Dropped From Aug Loading Program -Trade
28th Jul 2010 16:38
(Adds maintenance, Forties price.) By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--One standard 600,000-barrel cargo of North Sea Forties crude has been dropped from August loading program due to low production, further tightening the physical market, traders said Wednesday.
Read moreEni Not Interested In Main BP Assets On Sale - Official
28th Jul 2010 15:53
ROME (Dow Jones)--Eni SpA (E) isn't interested in buying any of the main assets that BP PLC (BP) plans to sell, a top official at the Italian oil and natural gas company said Wednesday. "We don't need to buy any producing assets," said Claudio Descalzi, head of Eni's exploration and production d
Read moreRefinery Status: Valero May Restart Aruba Refinery In September
28th Jul 2010 15:33
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. Valero Energy (VLO) Tu
Read moreRefinery Status: Valero May Restart Aruba -2-
28th Jul 2010 15:33
Previous target was to have unit up by end of 2010. Valero Ardmore, OK 90.0 Plant-wide turnaround planned; 2011 work will impact 1Q 2011 results. ROCKY MOUNTAIN Suncor Commerce 93.0 Planned wo
Read moreBP To Issue At Least $60M For Workers' Lost Income In August
28th Jul 2010 15:26
DOW JONES NEWSWIRES BP PLC (BP) said Wednesday it would issue at least an estimated $60 million in advance payments next month to workers on the Gulf Coast who have lost income because of the oil spill. It has paid $256 million to date, including $30 million the past week. The company has r
Read moreBP still facing anger in the US
28th Jul 2010 15:20
BP remains in the firing line in the US despite apparent progress in capping the Gulf of Mexico oil leak. The oil giant faces anger over the refusal of outgoing chief executive Tony Hayward to attend a Senate committee and reports say that a criminal enquiry into the spill has been launched. A US
Read morePRESS RELEASE: BP to Pay an Estimated $60 Million in Advance Payments in August
28th Jul 2010 14:51
New Orleans -- BP said today it estimates it will pay at least $60 million in advance payments in August to claimants across the Gulf Coast who have lost income or net profit due to the oil spill in the Gulf of Mexico. BP, which has paid $256 million to date for claims including $30 million in t
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
28th Jul 2010 13:32
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1232 GMT [Dow Jones] Macquarie upgrades BP (BP.LN) to outperform from neutral and raises price target to 530p from 500p. "
Read moreMARKET TALK: Macquarie Upgrades BP To Outperform From Neutral
28th Jul 2010 13:32
1232 GMT [Dow Jones] Macquarie upgrades BP (BP.LN) to outperform from neutral and raises price target to 530p from 500p. "We believe that the capping of the Macondo well and the establishment of parameters around the liability of the spill begin to move the stock toward being a value investment." Sa
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING -2-
28th Jul 2010 13:32
0643 GMT [Dow Jones] India central bank's monetary policy statement appears hawkish, focused on taming double-digit inflation, which may lead to 100 basis point hike in key lending rate by March 2011, Morgan Stanley says in note. "We now expect the RBI to lift repo rate to 6.75% by March 2011 versus
Read moreTemple Bar Investment Reports 1H NAV Of 756.56 Pence
28th Jul 2010 12:45
LONDON (Dow Jones)--Temple Bar Investment Trust PLC (TMPL.LN) said Wednesday its Net asset value per share for the first half was 756.56 pence compared with 623.40 pence in the year ago period, and added that the total return on the net assets of Temple Bar during the first half of 2010 was -6%, whi
Read moreBP Says Africa Assets Sale Still In Progress; Not Linked To Oil Spill
28th Jul 2010 12:01
MUMBAI (Dow Jones)--The sale of BP PLC's (BP) marketing businesses in Namibia, Malawi, Tanzania, Zambia and Botswana--announced in March 2010--is still in progress, a company spokeswoman said Wednesday. The sale of the assets isn't linked to BP's recently announced sale of $30 billion in explora
Read moreN AMERICAN MORNING BRIEFING: Stocks Look For 5th Rise In Row
28th Jul 2010 11:27
DJIA Futures 10505.0 +11.0 +0.1% S&P 500 Futures 1112.0 +1.6 +0.1% Nasdaq Futures 1890.0 +4.0 +0.2% Above are as of 0545 ET FTSE 100 5364.7 -0.9 flat Xetra DAX 6213.4 +6.0 0.1% CAC40 3687.1 +20.7 0.6%
Read moreReliance Industries, Essar Oil Looking To Buy BP's Africa Assets - Report
28th Jul 2010 10:42
MUMBAI (Dow Jones)--India's Reliance Industries Ltd. (500325.BY) and Essar Oil Ltd. (500134.BY) are among companies in the race to buy BP PLC's (BP.LN) fuel retail assets in some African countries, the Press Trust of India reported Wednesday, citing industry sources. BP is selling fuel retailing
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