UK MARKET TALK ROUNDUP: BROKERS COMMENTS
21st Jul 2010 07:57
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0657 GMT [Dow Jones] BP (BP) got a good commercial price for the $7 billion in assets it agreed to sell to Apache (APA) Tuesd
Read moreMARKET TALK: BP Got A Commercial Price From Apache Sale -ING
21st Jul 2010 07:57
0657 GMT [Dow Jones] BP (BP) got a good commercial price for the $7 billion in assets it agreed to sell to Apache (APA) Tuesday, says ING analyst Jason Kenney. "Based on the book value it looks like a positive divestment," with a price of $19.44 a barrel for proved reserves. "I don't see this asset
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
21st Jul 2010 07:57
0604 GMT [Dow Jones] S&P/ASX 200 remains tied to offshore markets, despite the revamp, earlier this month, of the proposed mining tax, after concern about the tax triggered underperformance in May. Northern hemisphere summer holidays appear to be compounding the lack of interest in Australian equiti
Read moreLondon pre-open: US to spark early rally
21st Jul 2010 07:26
Late gains in the US and solid results from Apple after Wall Street closed look set to send London back towards 5,200 in early deals. Futures point to an initial 50-point surge for the FTSE 100 this morning, potentially ending a five-day losing streak. In company news, after years of rumour and sp
Read moreBP in $7bn sale as Hayward exit rumoured
21st Jul 2010 07:15
Embattled oil giant BP has sold $7bn (£4.6bn) of upstream assets in the United States, Canada and Egypt as talk that under fire boss Tony Hayward is on his way out gets louder. Apache Corporation has agreed to buy BP's Permian Basin assets in Texas and south-east New Mexico, its Western Canadian up
Read moreWednesday newspaper round-up: BP, Ocado, Easyjet
21st Jul 2010 06:37
Tony Hayward is to step down as BP's chief executive within the next ten weeks as the company seeks to draw a line under its disastrous oil spill in the Gulf of Mexico. Sources close to BP, which is battling to restore its reputation and stave off a takeover, told The Times that there was a growing
Read moreUPDATE: BP To Start Crude Oil Supply To Dung Quat Refinery August
21st Jul 2010 03:59
(Adds BP hasn't discussed possible sale of Vietnamese gas assets with PetroVietnam) DALAT (Dow Jones)--BP PLC (BP) will start supplying crude oil to Vietnam's Dung Quat refinery from next month, an official with the operator of the plant said Wednesday. BP will supply 1 million metric tons
Read moreBP To Start Crude Oil Supply To Dung Quat Refinery Next Month -Official
21st Jul 2010 03:28
DALAT (Dow Jones)--BP PLC (BP) will start supplying crude oil to Vietnam's Dung Quat refinery from next month, an official with the operator of the plant said Wednesday. BP will supply 1 million metric tons of crude oil to the 130,000-barrel-a-day plant this year, the official, who didn't want t
Read moreBP Oil Rig Blast Hearing Scrapped As Witnesses Stay Away
21st Jul 2010 03:23
NEW ORLEANS (AFP)--A hearing into an April explosion aboard a BP PLC-leased oil rig in the Gulf of Mexico has been cancelled, after four witnesses refused to offer their testimony voluntarily. A joint investigation board held two sessions of hearings in May to delve into the circumstances of the
Read moreUPDATE: BP CEO Hayward Preparing To Step Down: Sources -Report
21st Jul 2010 01:42
(Updates with report of BP denial) DOW JONES NEWSWIRES Tony Hayward, chief executive officer of BP PLC (BP, BP.LN), might step down from his post in late August or September, U.K. newspaper The Times reported Tuesday on its website. Citing unnamed "sources close to BP," the report said
Read moreBP CEO Hayward Preparing To Step Down: Sources - Report
21st Jul 2010 01:30
DOW JONES NEWSWIRES Tony Hayward, chief executive officer of BP PLC (BP, BP.LN), might step down from his post in late August or September, U.K. newspaper The Times reported Tuesday on its website. Citing unnamed "sources close to BP," the report said Hayward's exit was expected before Oct.
Read moreUPDATE: BP To Sell Assets In Canada, US, Egypt To Apache For $7B
20th Jul 2010 23:18
(Updates with comments from Apache's conference call; adds more details) By Isabel Ordonez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP) said Tuesday it has agreed to sell assets in the U.S., Canada and Egypt to Apache Corp. (APA) for a total of $7 billion. The deal will
Read morePRESS RELEASE: Moody's Assigns Aaa Rating To Port -2-
20th Jul 2010 22:58
Harris County MFI as % of state/nation: 107%/98% Parity debt outstanding following current issue: $769 million Principal Methodology The principal methodology used in assigning the rating was General Obligation Bonds Issued by U.S. Local Governments, published in October 2009, and available on ww
Read morePRESS RELEASE: Moody's Assigns Aaa Rating To Port Of Houston Authority's $300M Ult Tax Bonds Series 2010D And 2010E
20th Jul 2010 22:58
The following is a press release from Moody's Investors Service: AFFECTS $769M IN OUTSTANDING DEBT, INCLUSIVE OF THE CURRENT ISSUE Port of Houston Authority (Harris County), TX Ports Texas Moody's Rating Issue Rating Unlimited Tax Refunding
Read moreApache's $7B Acquisition From BP Fleshes Out Oil, Gas Assets
20th Jul 2010 22:57
HOUSTON (Dow Jones)--Apache Corp's acquisition of certain BP PLC (BP, BP.LN) assets for $7 billion fleshes out the oil and gas producers' existing assets and represents a "strategic exit" for BP from three regions, Apache's chief executive said Tuesday "This really plays to Apache's core compete
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