Refinery Status: Motiva Port Arthur Online After -2-
22nd Jul 2010 14:32
throughput capacity by 325,000 2012 b/d, to 610,000-b/d, slowed. Completion now seen 1Q 2012, from 2010. Valero Corpus 340.0 West Plant 50,000-b/d FCCU at Christi, TX reduced rat
Read morePRESS RELEASE: S&P Report Discusses Oil Spill, Deepwater Drilling Moratorium
22nd Jul 2010 14:06
The following is a press release from Standard & Poor's: NEW YORK (Standard & Poor's) July 22, 2010--Standard & Poor's Ratings Services said in a recent report that the business ramifications from the Gulf of Mexico oil spill are likely to be far reaching for U.S. oil and gas operators. The report,
Read moreUPDATE: Faroe Petroleum Soars On Norway Discovery
22nd Jul 2010 13:42
(Adds detail, executive and analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil and gas explorer Faroe Petroleum PLC (FPM.LN) Thursday said it struck oil at an exploration well in the Norwegian North Sea, sending its shares sharply higher. Faroe said an
Read moreIndia Oil Minister: Vietnam Agreed To Let ONGC Buy BP Stake
22nd Jul 2010 12:32
DALAT, Vietnam (Dow Jones)--Vietnam has agreed to let Oil & Natural Gas Corp. (500312.BY) to buy BP PLC's (BP) stake in a gas block in the country, India's oil minister Murli Deora said Thursday. Deora was speaking to Dow Jones Newswires after a 5-minute private meeting with Vietnam's Minister o
Read more2nd UPDATE: India Starts Talks To Buy BP Stake In Vietnam Gas Block
22nd Jul 2010 11:40
(Adds comments from India's oil minister, ONGC Chairman, PetroVietnam official) By Rakesh Sharma Of DOW JONES NEWSWIRES NEW DELHI (Dow Jones)--India Thursday began talks with Vietnam over the possibility of Oil & Natural Gas Corp. (500312.BY) acquiring BP PLC's (BP) stake in a gas bloc
Read moreUPDATE: Iraq Asks BP To Alter Rumaila Field Signature Bonus
22nd Jul 2010 11:00
(Adds quotes, 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
Read moreIraq Asks BP To Alter Rumaila Field Signature Bonus -Official
22nd Jul 2010 09:03
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 Rumaila oil field to unrecoverable but at a reduced sum from the proposed recoverable soft loan,
Read moreScotland First Minister Writes To US Over Megrahi-BP Row - BBC
22nd Jul 2010 08:56
DOW JONES NEWSWIRES Scotland's first minister Alex Salmond has written to U.S. senator John Kerry, chairman of the U.S. Senate Committee on Foreign Relations, after senators called for an inquiry into the release of the Lockerbie bomber, the BBC reports on its website late Wednesday. Salmon
Read moreFaroe Petroleum Makes Discovery In Norwegian North Sea
22nd Jul 2010 07:42
LONDON (Dow Jones)--Oil and gas explorer Faroe Petroleum PLC (FPM.LN) Thursday said it struck oil at an exploration well in the Norwegian North Sea. Faroe said an initial analysis of the Maria prospect indicates between 75 million and 155 million barrels of oil equivalent could be recovered.
Read moreUPDATE: ONGC Expresses Interest To Buy BP's Vietnam Gas Block Stake
22nd Jul 2010 07:11
(Adds comments from ONGC chairman and analyst, background) By Rakesh Sharma Of DOW JONES NEWSWIRES NEW DELHI (Dow Jones)--Oil & Natural Gas Corp. (500312.BY) has expressed its interest to Vietnam Oil and Gas Group, or PetroVietnam, to buy BP PLC's (BP) stake in a gas block in Vietnam, th
Read moreMitsui & Co Unit President: BP To Cover Costs Of Oil Spill - Kyodo
22nd Jul 2010 06:23
TOKYO (Dow Jones)--The president of the U.S. arm of Mitsui & Co.'s (8031.TO) oil development unit wrote in a report to the U.S. Senate that BP PLC. (BP) has full responsibility for the oil spill in the Gulf of Mexico, including compensation for all damages, Kyodo News reported Thursday. Naoki Is
Read moreThursday paper round-up: Santander, Reckitt Benckiser, Vodafone
22nd Jul 2010 06:18
Santander is gearing up to list its UK operations on the London Stock Exchange as soon as this autumn in a deal that could raise an estimated £3bn (€3.5bn) to fund growth by the acquisitive Spanish bank. The group, which is on the verge of buying a portfolio of 318 UK branches from RBS, needs the mo
Read moreONGC: Expressed Interest To Buy BP Stake In Vietnam Gas Block
22nd Jul 2010 05:42
NEW DELHI (Dow Jones)--Oil & Natural Gas Corp. (500312.BY) has expressed its interest to Vietnam Oil and Gas Group, or PetroVietnam, to buy BP PLC's (BP) stake in a gas block in Vietnam, the chairman of India's state-run oil and gas explorer said Thursday. "Yesterday we have indicated our willin
Read moreTaiwan Formosa Plastics Group Would Be Interested In BP Assets
22nd Jul 2010 05:16
TAIPEI (Dow Jones)--Taiwan's Formosa Plastics Group would be interested in buying assets that BP PLC (BP) is selling to help pay for the costs of its massive oil spill, a senior official at the group's flagship Formosa Plastics Corp. (1301.TW) unit said Thursday. "There's an interest, but it dep
Read moreInvestors In Gulf Oil Well Distance Themselves From Spill
22nd Jul 2010 05:00
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The two companies that held minority stakes in the well that caused the Gulf of Mexico oil spill are taking steps to distance themselves from the disaster and the mounting financial obligations that have followed. In prepa
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