PetroVietnam Mulls Buying Part Of BP Stake In Vietnam Gas Block -Official
27th Jul 2010 05:51
HANOI (Dow Jones)--Vietnam Oil and Gas Group, or PetroVietnam, is considering buying part of BP PLC's (BP) assets in a gas block offshore Vietnam, an official with the state-run company said Tuesday. "We are considering (the purchase), but nothing else can be said at this stage," said the offici
Read morePetroVietnam: Dung Quat To Process Crude From Azerbaijan, Malaysia
27th Jul 2010 03:21
HANOI (Dow Jones)--Vietnam's Dung Quat refinery will start processing crude from Azerbaijan and Malaysia later this year, state-run Vietnam Oil and Gas Group, or PetroVietnam, said Tuesday. The company has signed contracts with BP PLC (BP) and State Oil Company of Azerbaijan Republic for the imp
Read more2ND UPDATE: US House Leaders Propose Lifting Liability Limits On Oil Cos
27th Jul 2010 02:25
(Updates to include additional details on bill proposals.) By Tennille Tracy and Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. House Democrats unveiled a bill Monday that would eliminate the cap on damage claims that BP PLC (BP, BP.LN) and other oil companies would h
Read moreUPDATE: US House Leaders Propose Lifting Liability Limits On Oil Cos
27th Jul 2010 02:08
(Updates to include additional details on bill proposals.) By Tennille Tracy and Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. House Democrats unveiled a bill Monday that would eliminate the cap on damage claims that BP PLC (BP, BP.LN) and other oil companies would h
Read moreUS House Leaders Propose Lifting Liability Limits On Oil Cos
27th Jul 2010 01:16
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Democrats unveiled a bill Monday that would eliminate the cap on damage claims that BP PLC (BP, BP.LN) and other oil companies would have to pay for spills such as the one in the Gulf of Mexico, setting the stage for a vot
Read moreUS HOT STOCKS: Legg Mason, Sanmina-SCI Active In Late Trading
26th Jul 2010 22:00
U.S. stocks traded higher Monday, as the Dow Jones Industrial Average gained 101 points to 10525, the S&P 500 grew 12 points to 1115 and the Nasdaq Composite increased 27 points to 2296. Among the companies whose shares are actively trading in the after-hours session are Legg Mason Inc. (LM), Sanmin
Read moreADR REPORT: Shares Gain As Strong Earnings Reports Continue
26th Jul 2010 21:42
By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed higher Monday on continued enthusiasm over second-quarter earnings, though trading volumes were thin. The Bank of New York index of ADRs climbed 0.9% to 125.84. European
Read moreUPDATE: BP Bonds Rise And CDS Fall On Reports CEO Departing
26th Jul 2010 21:14
(Updates with S&P equivalent rating in paragraph eleven) By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP.LN, BP)short-dated bonds rallied and the cost of protecting against a short-term default fell Monday to the lowest levels since June after reports that To
Read moreUS: Relief-Well Kill Of BP's Broken Well Could Start Around Aug. 7
26th Jul 2010 21:06
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP (BP BP.LN) will reconnect a drilling ship with its relief well Monday, a signal that the company is about two weeks away from beginning the final kill of its broken well, the federal response commander said. "We're not going
Read moreBP Bonds Rise, CDS Fall On Reports Chief Executive Departing
26th Jul 2010 20:40
By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP.LN, BP)short-dated bonds rallied and the cost of protecting against a short-term default fell Monday to the lowest levels since June after reports that Tony Heyward will step down as chief executive of the troubled
Read moreBP WATCH: BP's Shares Climb Amid Speculation For CEO Change
26th Jul 2010 19:06
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of BP PLC (BP) jumped in the U.S. and London Monday as investors grew hopeful that an expected change at the company's helm could mean it believes it truly turned the corner in its spill-killing efforts. BP's
Read moreWhite House Warns BP On Possible CEO Change
26th Jul 2010 18:55
WASHINGTON (AFP)--The White House warned BP PLC (BP.LN, BP) on Monday that any decision to replace Chief Executive Tony Hayward would not change its obligation to clean up the Gulf of Mexico oil spill and compensate victims. "The CEO of BP ... if he makes the decision for him to leave -- that is
Read moreHEARD ON THE STREET: BP Needs More Than Voice Of America
26th Jul 2010 18:14
By Liam Denning and Matthew Curtin A DOW JONES COLUMN You know your company's in a hole when the man viewed most likely to be the next chief executive is lauded for his twang. There is likely some marginal PR value in Robert Dudley's American identity as BP tries to rebuild its reputatio
Read moreUS HOT STOCKS: FedEx, Noah Education, Onyx Pharma, BP
26th Jul 2010 18:06
U.S. stocks traded higher Monday, as the Dow Jones Industrial Average gained 58 points to 10482, the S&P 500 grew 8.4 points to 1111 and the Nasdaq Composite increased 16 points to 2286. Among the companies whose shares are actively trading in the session are FedEx Corp. (FDX), Noah Education Holdin
Read moreBP CEO Hayward Expected To Stand Down In October - FT
26th Jul 2010 17:39
LONDON (Dow Jones)--Tony Hayward is expected to stand down as BP PLC (BP) chief executive in October, the Financial Times reports on its website Monday. Hayward, who has come in for intense criticism over his handling of the Gulf of Mexico oil spill, is expected to be nominated for a position on
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