UPDATE: BP: Containing Oil Well Flow; Storm Heads Toward Gulf
22nd Jul 2010 19:21
(Updates with information about storm surge concerns, in fifth and sixth paragraphs.) By Susan Daker and Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP Plc (BP, BP.LN) said Thursday that oil was still being contained at a damaged well in the U.S. Gulf of Mexico, even as f
Read moreBP Evacuating Nonessential Personnel From Gulf Facilities-Fox Business
22nd Jul 2010 18:54
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) is evacuating nonessential personnel from eight sites in the Gulf of Mexico as a tropical weather system heads toward the area, Fox Business Network reports Thursday. However, BP said, the evacuations do not affect operations at the site of the oil spill.
Read morePelosi:Backs Measure To Ban BP From Winning New Drilling Licenses
22nd Jul 2010 18:19
By Corey Boles Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--House Speaker Nancy Pelosi (D., Calif.) criticized BP PLC's (BP, BP.LN) safety record Thursday, saying it had been guilty of 807 "egregious and willful" safety violations over the last seven years. Democratic leadership is wor
Read moreINTERVIEW: Soco Builds War Chest For Vietnam, Africa Investment
22nd Jul 2010 18:05
By Sarah Kent Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K.-based oil and gas company Soco International PLC (SIA.LN) has built a war chest of $350 million to fund its ongoing exploration and production campaign in Africa and Vietnam, Chief Executive Ed Story said Thursday. "This is ro
Read moreBP: Still Containing Oil Well Flow As Storm Heads Toward Gulf
22nd Jul 2010 18:01
By Susan Daker and Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP Plc (BP, BP.LN) said Thursday that oil was still being contained at a damaged well in the U.S. Gulf of Mexico, even as forecasts say a brewing storm in the Atlantic could potentially interrupt the work of spill
Read moreUPDATE: Iran Likely To Gain Gasoline Self-Sufficiency By 2015
22nd Jul 2010 17:49
(Updates with details.) By Reza Amanat Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Iran is forecast to become self-sufficient in gasoline production in the next five years, which may frustrate efforts by U.S. and European allies to limit the country's access to gasoline markets, which may
Read moreInterior Secretary: Oil Industry Strike Force 'A Beginning'
22nd Jul 2010 17:25
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar on Thursday said that a new plan by oil companies to address oil spills in the deep waters of the Gulf of Mexico represented "a beginning point" in talks to restart deepwater drilling followi
Read moreUPDATE: Apache Has $5B Bridge Loan For BP Deal, Won't Use It
22nd Jul 2010 16:37
(Updates to add dropped words in 10th paragraph) By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Apache Corp. (APA) said Wednesday that it would employ an array of financing tools in its $7 billion acquisition of oil and gas fields from BP PLC (BP, BP.LN), including cash, revo
Read moreStorm may delay BP clean-up
22nd Jul 2010 16:14
BP's foray back above £4 a share didn't last long as workers stopped drilling a relief well in the Gulf of Mexico and prepared to flee a tropical cyclone. The National Hurricane Center says there's a "near 100%" certainty that a cyclone will form over the Bahamas, although the path of the storm is
Read more2nd UPDATE: N Sea Crude Tightness To Ease On Margins, Output
22nd Jul 2010 15:54
(Updates earliest loading dates for cargoes, Statoil offers.) By Sherry Su Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The North Sea crude oil market remains tight amid lower production but narrowing refining margins and expected higher output in September suggest the tightness will ease
Read morePRESS RELEASE: Fitch: BP's Apache Asset Sales Support Liquidity
22nd Jul 2010 15:51
Fitch Ratings-London/Chicago-22 July 2010: Fitch Ratings says that the announcement of BP Plc's ('BBB'/RWE) asset sales to Apache Corporation (Apache; 'A-'/RWN) is a positive development and will support BP's liquidity position. Asset sales remain a key factor in BP's strategy for funding the liabil
Read moreBP CEO Asked To Testify Before Senate On Lockerbie - FT
22nd Jul 2010 15:41
LONDON (Dow Jones)--BP PLC (BP) Chief Executive Tony Hayward has been invited to give evidence to the U.S. Senate foreign relations committee on the release of convicted Lockerbie bomber Abdel Baset al-Megrahi, the Financial Times reports on its website Thursday. Some in the U.S. have concerns t
Read moreIran Likely To Obtain Gasoline Self-Sufficiency By 2015 - EMC
22nd Jul 2010 15:15
By Reza Amanat Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Iran is forecast to become self-sufficient in gasoline production in the next five years, which may frustrate efforts to limit the country's access to gasoline markets, a research note by Energy Market Consultants part of FACTS Global
Read more2nd UPDATE: Iraq Asks BP To Alter Rumaila Field Signature Bonus
22nd Jul 2010 14:36
(Adds more details.) By Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--The Iraqi oil ministry has asked BP PLC (BP) and its partner China National Petroleum Corp., or CNPC, to change the signature bonus for the Rumaila oil field to unrecoverable but at a reduced sum from the
Read moreRefinery Status: Motiva Port Arthur Online After Power Failure
22nd Jul 2010 14:32
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. All units at the Motiv
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