U.S.: Storm Cuts Gulf Oil Production By 28%, Gas By 10%
23rd Jul 2010 19:28
HOUSTON (Dow Jones)--About 28% of oil production and about 10% of natural-gas production in the Gulf of Mexico was shut down Friday due to Tropical Storm Bonnie, the Bureau of Ocean Energy Management, Regulation and Enforcement said. Estimated energy production from the Gulf of Mexico as of Marc
Read moreMARKET TALK: BP, Transocean CDS Widen As Bonnie Hits Florida
23rd Jul 2010 18:59
1758 GMT [Dow Jones] Credit swaps on BP and Transocean are wider as Tropical Storm Bonnie forced a delay to efforts to seal the leaking oil well in the Gulf. CDS on BPLN is 4BP wider at 353BP, while Transocean is 12BP wider at 478BP, according to Markit. CDS on Anadarko were improved by 16BP to 438B
Read moreRefinery Status: Murphy Oil Puts Its Refineries -2-
23rd Jul 2010 17:13
Motiva Port Arthur 285.0 Repairs on DCU pump June 8-13. TX Expansion project to increase 1Q throughput capacity by 325,000 2012 b/d, to 610,000-b/d, slowed. Comple
Read moreRefinery Status: Murphy Oil Puts Its Refineries Up For Sale
23rd Jul 2010 17:13
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. Murphy Oil Corp. (MUR)
Read moreLondon close: Flat finish for Footsie
23rd Jul 2010 16:58
The day that was not without excitement, but shares were little changed overall amid uncertainty ahead of European banking stress tests due after the close. The best performing blue-chip was chip designer ARM Holdings . It was already higher, helped by strong results from US tech giant Microsoft ov
Read moreOn Dow Jones Investment Banker Today: GM-AmeriCredit, Biotech Deal-Making
23rd Jul 2010 16:55
LONDON (Dow Jones Investment Banker)--The following columns have been published exclusively on Dow Jones Investment Banker in recent days. Many Dow Jones Investment Banker columns contain spreadsheets, video, PDFs and other supporting material. To arrange access to the best of Dow Jones news and opi
Read moreUS Govt: Drillships Detaching From BP Relief Well Site
23rd Jul 2010 16:45
By Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--The vessels drilling relief wells at the BP PLC (BP) spill site are demobilizing and could leave the Deepwater Horizon site Friday ahead of a tropical storm, the head of the federal oil spill response team said. In a teleconfe
Read moreLondon afternoon: KNOC ups Dana bid terms
23rd Jul 2010 14:36
Leading blue-chips continue to drift lower with investors happy to bank the week's profits ahead of the week-end and the announcement of the results of the European banking stress tests at 5:00pm today. Not surprisingly, banks feature prominently among the losers with Standard Chartered, HSBC and L
Read moreBEFORE THE BELL: US Stock Futures Up; Eyes On Earnings, Stress Test
23rd Jul 2010 13:25
By Polya Lesova U.S. stock futures moved higher on Friday, buoyed by strong economic data from Germany and the U.K., and as Honeywell and Ford among many other major companies released results, while the main event of the day remained disclosure of European banks' "stress tests." Futures on
Read moreBEFORE THE BELL: US Stock Futures Hold Gains After Ford, Honeywell
23rd Jul 2010 12:37
By Polya Lesova U.S. stock futures held their gains in the wake of two big earnings reports, from Honeywell and Ford. Futures for the Dow Jones Industrial Average were last up 30 points to 10297, while those for the S&P 500 rose 4 points to 1091.70. Futures for the Nasdaq 100 rose 8 points
Read moreBP Oil Spill Seen Casting Long Shadow Over Oil Services Profits
23rd Jul 2010 12:36
(This article was originally published Thursday.) By Jason Womack Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--The final days of a massive U.S. Gulf of Mexico oil spill seem close at hand, prompting optimism for investors in oil-field service companies that took a major hit at the beginn
Read moreLondon midday: Equities in wait and see mode
23rd Jul 2010 12:13
Investors are keeping their powder dry ahead of the release of the European bank stress tests after the close of business today. Stocks are easier on balance, despite signs that the UK economy is picking up. Gross domestic product grew by 1.1% during the quarter according the Office of National St
Read moreUPDATE: Pakistan May Consider Buying BP's Assets In Country
23rd Jul 2010 11:38
(Adds details, comments, context) By Gurdeep Singh Of DOW JONES NEWSWIRES SINGAPORE (Dow Jones)--Pakistan's government could make a bid for BP PLC's (BP) assets in the country if the oil major decides to sell them as part of its global campaign to raise money to clean up the Gulf of Mexi
Read moreN AMERICAN MORNING BRIEFING:Stks Seen Up On Positive Earnings
23rd Jul 2010 11:34
DJIA Futures 10293.0 +25.0 +0.2% S&P 500 Futures 1091.0 +3.3 +0.3% Nasdaq Futures 1859.3 +6.5 +0.4% Above are as of 0615 ET FTSE 100 5296.2 -17.6 -0.3% Xetra DAX 6171.8 +29.6 +0.5% CAC40 3614.0 +13.4 +0.4% Above are as of 0
Read moreBP Chief Economist Calls For Global Deep Water Standards -Report
23rd Jul 2010 11:31
FRANKFURT (Dow Jones)--BP PLC's (BP) Chief Economist Christof Ruehl calls for common global security standards for deep water drilling in an advanced copy of an interview on Germany's WDR radio station released in part on the radio station's website. Ruehl says Gulf of Mexico disaster could be r
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