MARKET TALK: CDS On Oil Spill Names Gap Out On Seepage Concern
19th Jul 2010 16:36
1535 GMT [Dow Jones] Credit default swaps on oil and gas companies related to the Gulf of Mexico oil-spill disaster rose Monday after doubts emerged about BP's ability to completely contain the damage and federal authorities raised concerns about seepage on the nearby seabed. CDS On BP (BP.LN) widen
Read moreUS HOT STOCKS: Halliburton, PetMed Express, ATC Tech, Tomkins
19th Jul 2010 15:26
U.S. stocks traded higher Monday as the Dow Jones Industrial Average rose 62 points to 10160, the S&P 500 was up 6.4 points to 1071 and the Nasdaq Composite rose 16 points to 2195. Among the companies whose shares are actively trading in the session are Halliburton Co. (HAL), PetMed Express Inc. (PE
Read moreFTSE 100 movers: International Power tops risers
19th Jul 2010 14:57
Footsie has made a strong start to the week helped by financials and miners. Standard Chartered and RBS are strong as are a number of miners including Xstrata and Rio Tinto. International Power is the best performer after French energy giant GDF Suez revived talks with the international electric
Read moreHalliburton CEO: Sees 'New Regulatory Climate' In US Gulf
19th Jul 2010 14:55
HOUSTON (Dow Jones)--The federal moratorium on deepwater drilling will usher in a "new regulatory climate" in the U.S. Gulf of Mexico and shift investment in oil and gas exploration to onshore and international opportunities, Dave Lesar, chief executive of Halliburton Co. (HAL), said Monday. "Gu
Read moreBP given extra 24 hours to keep well shut
19th Jul 2010 14:20
BP has been told it can keep the cap on its broken well in the Gulf of Mexico for another 24 hours despite fears it may be causing a new leak elsewhere on the ocean floor. A well integrity test began on the MC252 exploration well last week, but there are reports of methane gas escaping, indicating
Read moreUS Allows BP To Test, Keep Shut Oil Well Despite Seepage
19th Jul 2010 13:31
NEW ORLEANS (AFP) -- The U.S. government authorized BP Plc (BP) to keep closed the busted Gulf of Mexico oil well for 24 more hours to allow tests Monday even though experts detected seepage from the surrounding seabed. Admiral Thad Allen, the Obama administration's pointman on efforts to end th
Read moreRefinery Status: Citgo Restates Illinois FCCU
19th Jul 2010 13:30
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. The key gasoline-makin
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
19th Jul 2010 13:16
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1216 GMT [Dow Jones] Liability is the key issue for BP (BP.LN) says Credit Suisse, although the brokerage concedes that ge
Read moreMARKET TALK: Liability The Main Issue For BP - Credit Suisse
19th Jul 2010 13:16
1216 GMT [Dow Jones] Liability is the key issue for BP (BP.LN) says Credit Suisse, although the brokerage concedes that getting close to "zero oil" is an important psychological step. Says there are four main liability questions that remain unanswered. First, the amount of compensatory claims; secon
Read moreTable Of UK & Norway Oil, Gas Field Outage Schedules
19th Jul 2010 13:09
(Updates Maintenance at BP's Unity Riser.) LONDON (Dow Jones)--The following table lists unplanned and planned outages at U.K., Norwegian and Danish oil and natural gas fields in 2009 and 2010 as reported by Dow Jones Newswires from both official and unofficial sources. Operator Field/Pla
Read moreBP To Shut Unity Riser In N Sea On Aug 1 For 3-4 Days Repairs
19th Jul 2010 13:02
LONDON (Dow Jones)--BP PLC (BP) will shut its Unity Riser platform in the North Sea Aug. 1 for three or four days of maintenance, a spokesman said Monday. The Unity Riser platform is a key part of Forties Pipeline System, operated by BP. It connects many fields, including Britannia, Scott, Nelso
Read more4th UPDATE: BP Shares Fall On Worries Over Well Cap Test
19th Jul 2010 12:43
(Adds National Incident Commander comment.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) said tests on a well cap that has halted the flow of oil into the Gulf of Mexico for several days continue to behave as expected, but the company's shares dropped more than
Read moreUS Energy Secretary Finds Central Role As BP Stops Oil Flow
19th Jul 2010 12:37
(This article was originally published Friday.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--As the public cheers news that a new cap has temporarily stopped oil flowing from a damaged BP PLC (BP, BP.LN) well, U.S. Energy Secretary Steven Chu has been focused on pr
Read moreOIL FUTURES: Crude Prices Consolidate After Friday's Falls
19th Jul 2010 12:18
By Paddy Gourlay Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil futures are stable Monday morning, trading within a narrow range, although prices have been mainly in negative territory during the session despite modest gains in European equities and a firmer euro against the dollar. Pric
Read moreLondon midday: Footsie swings into blue
19th Jul 2010 12:16
London's top stocks have swung into the blue on two possible mega M&A deals, while fears over European sovereign debt have eased a little despite a downgrade for Ireland. International Power is the best FTSE 100 performer after French energy giant GDF Suez revived talks about a partnership to crea
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