BP confident, but spill cost nudges $4bn
19th Jul 2010 07:42
BP is continuing tests on the cap that's stopped oil leaking from its broken well into the Gulf of Mexico, just as the cost of dealing with the spill approaches $4bn (£2.6bn). "At this time, the well integrity test on the MC252 exploratory well continues," the rumoured bid target said Monday. "Duri
Read moreLibya's Ghanem Says No Link Between $900M BP Deal,Megrahi Release
19th Jul 2010 07:40
DUBAI (Zawya Dow Jones)--Libya's top oil official has rejected suggestions that a $900 million oil deal awarded to U.K. oil major BP PLC (BP) in 2007 was linked to the release of convicted Lockerbie bomber Abdel Baset Al Megrahi. "I was leading the negotiations and BP was awarded the deal becaus
Read moreBP: Oil Spill Costs Almost $4B; Well Cap Test Continues
19th Jul 2010 07:32
By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The amount BP PLC (BP) has spent on the Gulf of Mexico oil spill rose to $3.95 billion Monday, and the company said tests on a well cap that has halted the flow of oil for several days continue to behave as expected. The pressure
Read moreBP: Pressure Inside The Well Continues To Rise Slowly
19th Jul 2010 07:11
LONDON (Dow Jones)--BP PLC (BP.LN) said Monday, at this time, the well integrity test on the MC252 exploratory well continues and the pressure inside the well recently has been measured at 6,792 pounds per square inch and continues to rise slowly. MAIN FACTS: -During the test, the three ram
Read moreFOCUS: India's Solar Ambitions Fire Up Domestic, Overseas Firms
19th Jul 2010 06:45
By Eric Yep Of DOW JONES NEWSWIRES MUMBAI (Dow Jones)--India's potential INR3 trillion ($64 billion) market for solar power equipment will likely lead to a race among global companies, especially from China, to set up shop while local companies expand operations to capitalize on the federal
Read moreBP To Up Iraq Rumaila Field Output By 100,000 B/D Early 2011 - Exec
19th Jul 2010 04:51
(This item was originally published Sunday.) By Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--U.K. oil major BP PLC (BP), along with its partner China National Petroleum Corp., plans to increase production from Iraq's Rumaila oil field by more than 100,000 barrels a day at the
Read moreObama To Host UK PM On First White House Visit
19th Jul 2010 02:47
LONDON (AFP)--U.K. Prime Minister David Cameron meets U.S. President Barack Obama at the White House Tuesday for the first time since taking power, with stricken oil giant BP PLC (BP) and Afghanistan set to top the agenda. Cameron and Obama have already built a close rapport--they swapped bottle
Read more2nd UPDATE: US Orders BP To Report On 'Detected Seep' At Oil Well
19th Jul 2010 02:42
(Updates with quotes from U.S. Coast Guard admiral; adds background) NEW ORLEANS (AFP)--The U.S. government on Sunday ordered BP PLC (BP) to report on a "detected seep" near the Gulf of Mexico oil well, as experts monitored the seabed for cracks after the months-long gusher was capped. "Giv
Read more2nd UPDATE: US Government: Seep Near Macondo Well Requires Careful Seafloor Monitoring
19th Jul 2010 02:38
(Updates with new details) By Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--The top U.S. government official overseeing the oil spill response effort said late Sunday said that a seep near the shut-in Macondo well in the U.S. Gulf of Mexico as well as other problems call for
Read moreUPDATE: US Orders BP To Report On 'Detected Seep' At Gulf Oil Well
19th Jul 2010 02:10
(Updates with full quote from U.S. Coast Guard admiral ordering report) NEW ORLEANS (AFP)--The U.S. government on Sunday ordered BP PLC (BP) to report on a "detected seep" and other "anomalies" near the Gulf of Mexico oil well, as experts monitor the seabed for cracks after the months-long gus
Read moreUS Orders BP To Report On 'Detected Seep' At Gulf Oil Well
19th Jul 2010 02:04
NEW ORLEANS (AFP)--The U.S. government on Sunday ordered BP PLC (BP) to report on a "detected seep" and other "anomalies" near the Gulf of Mexico oil well, as experts monitor the seabed for cracks after the months-long gusher was capped. (END) Dow Jones Newswires July 18, 2010 21:04 ET (01
Read moreBP Mulling New Method To Kill Macondo Well
19th Jul 2010 00:12
By Angel Gonzalez and Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) is studying the possibility of plugging a deep-water spill in the U.S. Gulf by injecting drilling mud from the surface into the mouth of the leaking well, a company executive said Monday. The
Read moreUPDATE:US Govt:Macondo Integrity Test Could Continue Under Careful Monitoring
18th Jul 2010 19:29
(Updates with additional background, comments from head of federal spill response effort) HOUSTON (Dow Jones)--The top U.S. government official overseeing the oil spill response effort said Sunday that the test of a new containment system that is currently capping the Deepwater Horizon crude le
Read moreBP To Up Iraq Rumaila Field Output By 100,000 B/D Early 2011 - Exec
18th Jul 2010 15:38
By Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--U.K. oil major BP PLC (BP), along with its partner China National Petroleum Corp., plans to increase production from Iraq's Rumaila oil field by more than 100,000 barrels a day at the beginning of next year, a BP executive said Sund
Read moreBP: Macondo Well Leak Remains Stopped; May Hold For Relief Well
18th Jul 2010 14:47
HOUSTON (Dow Jones)--Testing of a new containment system on a leaking BP PLC (BP, BP.LN) well could continue indefinitely, raising the possibility that no more oil will gush into the U.S. Gulf of Mexico until the Deepwater Horizon spill is permanently killed by a relief well in mid-August, a company
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