BP: No Decision Has Been Made On Doing 'Static Kill'
20th Jul 2010 22:43
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) will continue to test the integrity of a cap that has temporarily sealed a runaway well in the Gulf of Mexico while a group of scientists debate a way to speed up the Deepwater Horizon gusher's ultimate demise, com
Read moreBP To Sell Assets In Canada, US, Egypt To Apache For $7 Billion
20th Jul 2010 22:15
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 in cash. The deal will help BP finance the mounting costs of cleaning up the Gulf of Mexico o
Read moreApache 2Q Profit Nearly Doubles, Beating Views, On Record Output
20th Jul 2010 21:51
DOW JONES NEWSWIRES Apache Corp.'s (APA) second-quarter earnings surged 94%, beating expectations, as the oil-and-gas producer posted record output driven by its international operations. The results come alongside announcements it will buy $7 billion assets from BP PLC (BP, BP.LN) in the U
Read more3rd UPDATE:Lawmakers Point Fingers Over Oil-Drilling Oversight
20th Jul 2010 21:49
(Updates with Salazar comment.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Officials who regulated offshore oil and gas drilling in the Bush administration on Tuesday defended their oversight of the industry during the first congressional probe of the government's
Read moreUPDATE:Interior Secretary: US Could Have Done More On Offshore Safety
20th Jul 2010 21:42
(Adds comment from Rep. Burgess and Secretary Salazar.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar on Tuesday came close to accepting some responsibility for the BP PLC (BP, BP.LN) oil spill, telling a U.S. House panel that the fede
Read moreUS Government: Authorizes Another 24-Hour Test Of BP Well
20th Jul 2010 21:32
HOUSTON (Dow Jones)--The U.S. Government approved another 24-hour testing period for a cap that is keeping oil from spewing out of BP's PLC (BP, BP.LN) broken well, the federal response commander said Tuesday afternoon. Meanwhile, engineers and scientists are discussing the pros and cons of yet
Read morePRESS RELEASE: BP Signs North America And Egypt Asset Deals With Apache
20th Jul 2010 21:22
July 20, 2010 BP SIGNS NORTH AMERICA AND EGYPT ASSET DEALS WITH APACHE BP announced today that that it has entered into several agreements to sell upstream assets in the United States, Canada and Egypt to Apache Corporation. The deals, together worth a total of $7 billion, comprise BP's
Read more2nd UPDATE: UK's Cameron Understands Frustration Over BP Spill
20th Jul 2010 20:59
(Adds comments from Cameron and Obama on Afghanistan and Israel.) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.K. Prime Minister David Cameron, flanked by President Barack Obama, on Tuesday said it was unnecessary for Britain to investigate the Scottish government'
Read moreInterior Secretary: US Could Have Done More On Offshore Safety
20th Jul 2010 20:42
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar on Tuesday came close to accepting some responsibility for the BP PLC (BP, BP.LN) oil spill, telling a U.S. House panel that government could have done more to ensure safety. "Prior admi
Read moreInterior's Salazar: Drilling Moratorium 'May Be Adjusted'
20th Jul 2010 20:40
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar said on Tuesday that the newest moratorium on deep-water drilling might be modified, the latest effort to show that the Obama administration is sensitive to concerns that the ban is causing j
Read moreUPDATE: UK's Cameron Understands Frustration Over BP Spill
20th Jul 2010 20:18
(Adds comments from Cameron and Obama.) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.K. Prime Minister David Cameron, flanked by U.S. President Barack Obama, on Tuesday said he understands the deep frustration Americans have with U.K. oil giant BP Plc (BP, BP.LN) o
Read moreUK's Cameron: Understands Frustration With BP Over Oil Spill
20th Jul 2010 19:38
By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.K. Prime Minister David Cameron said Tuesday he understands the deep frustration Americans have with U.K. oil giant BP Plc (BP, BP.LN) over the Gulf of Mexico disaster. Cameron said BP should "rightly be blamed" for an o
Read more2nd UPDATE: Lawmakers Clash Over Responsibility for BP Spill
20th Jul 2010 19:13
(Updates with comment from Rep. Markey) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Officials who regulated offshore oil and gas drilling starting with the Bush administration on Tuesday defended their oversight of the industry during the first congressional probe
Read moreBP Reports Small Increase In Pressure Of Readings On Broken Well
20th Jul 2010 18:07
HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) reported Tuesday a slight increase in the pressure readings on a recently-installed containment device that's shutting in a massive oil spill in the U.S. Gulf of Mexico. The readings, posted on BP's website Tuesday, indicate that pressure, currently at 6,8
Read moreUPDATE: Lawmakers Clash Over Government Responsibility for BP Spill
20th Jul 2010 17:58
(Updates with former Interior secretaries; testimony under way.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)-- Officials who regulated offshore oil and gas drilling starting with the Bush administration on Tuesday defended their oversight of the industry during the
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