Pressure Still Building In BP Oil Well: Official
18th Jul 2010 13:44
NEW ORLEANS (AFP)--BP PLC (BP, BP.LN said Sunday that the ruptured oil well in the Gulf of Mexico remains sealed for a third day and pressure is continuing to build in an "encouraging" way. (END) Dow Jones Newswires July 18, 2010 08:44 ET (12:44 GMT)
Read moreBP Extends Tests On Oil-Well Structure As Cap Holds
18th Jul 2010 11:17
NEW ORLEANS (AFP)--Engineers monitored a newly capped BP PLC (BP, BP.LN) oil well in the Gulf of Mexico on Sunday amid cautious optimism the months-long spill behind one of the worst environmental disasters in U.S. history has been finally contained. The tests, which involve multiple pressure re
Read moreSunday newspaper round-up: BP, Ocado, Goldman Sachs
18th Jul 2010 11:05
Directors at BP have begun canvassing shareholders about radical plans to restructure the oil giant in the wake of the Gulf of Mexico oil spill. Options for "Future BP" include splitting up the group by selling its refineries and petrol stations, scaling back its American operations and ramping up
Read moreBP, Apache $12B Deal Could Be Done By July 27 - Sunday Times
18th Jul 2010 10:22
LONDON (Dow Jones)--BP PLC's plans to sell up to $12 billion of assets to Apache Corp. (APA) are moving swiftly, U.K. newspaper the Sunday Times reports. Sources close to the deal suggest it could be done by the time BP reveals its half-year earnings July 27, the paper said. According to the
Read moreBP Mulls Big Restructure Post Oil Spill - Sunday Times
18th Jul 2010 10:16
LONDON (Dow Jones)--Directors at BP PLC (BP.LN) have begun canvassing shareholders about plans to restructure the oil major in the wake of the Gulf of Mexico oil spill, U.K. newspaper the Sunday Times reports. Options for "Future BP" include splitting up the group by selling its refineries and p
Read moreBritish Official: BP Not Involved In Lockerbie Suspect Release
18th Jul 2010 02:29
LONDON (AFP) -- British Foreign Secretary William Hague told his U.S. counterpart Saturday that there was no evidence linking the release of the Lockerbie bomber last year to a BP PLC (BP, BP.LN) oil deal, amid mounting US concern. In a letter to US Secretary of State Hillary Clinton, Hague conf
Read moreUPDATE: Coast Guard: Test Of New Oil Well Containment Cap Extended
17th Jul 2010 23:45
(Adds details on the spill, BP response) NEW YORK (Dow Jones)--Testing of BP PLC's (BP, BP.LN) new containment cap that has cut off the flow of oil from a leaking underwater well in the Gulf of Mexico will continue for another 24 hours, retired U.S. Coast Guard Admiral Thad Allen said Saturday
Read moreCORRECT: Coast Guard: Test Of New Oil Well Containment Cap Extended
17th Jul 2010 23:32
("Coast Guard: Test Of New Oil Well Containment Cap Extended 24 Hrs," published at 5:37 p.m. EDT, incorrectly described Thad Allen's title in the first paragraph. A corrected version follows.) NEW YORK (Dow Jones)--Testing of BP PLC's (BP, BP.LN) new containment cap that has cut off the flow of
Read moreCoast Guard: Test Of New Oil Well Containment Cap Extended 24 Hrs
17th Jul 2010 22:37
NEW YORK (Dow Jones)--Testing of BP PLC's (BP, BP.LN) new containment cap that has cut off the flow of oil from a leaking underwater well in the Gulf of Mexico will continue for another 24 hours, U.S. Coast Guard Admiral Thad Allen said Saturday in a statement. The test was originally scheduled
Read more2nd UPDATE: BP To Continue Oil Well Tests Beyond Initial 48 Hrs
17th Jul 2010 21:41
(Adds comments from BP press relations officer, details on tests, and background) NEW ORLEANS (AFP)--Energy giant BP said Saturday it will continue pressure tests on the Gulf of Mexico oil well beyond the initial 48 hour period as it remains capped, a company spokesman told AFP. "We're movi
Read moreUPDATE: BP To Continue Tests On Oil Well Beyond Initial 48 Hours
17th Jul 2010 20:52
(Adds comments from BP press relations officer) NEW ORLEANS (AFP)--Energy giant BP said Saturday it will continue tests on the Gulf of Mexico oil well beyond the initial 48-hour period that was to end Saturday afternoon, a company spokesman told AFP. "We're moving forward six hours at a tim
Read moreBP To Continue Tests On Oil Well Beyond Initial 48 Hours-Official
17th Jul 2010 20:44
NEW ORLEANS (AFP)--Energy giant BP said Saturday it will continue tests on the Gulf of Mexico oil well beyond the initial 48-hour period that was to end Saturday afternoon, a company spokesman told AFP. (END) Dow Jones Newswires July 17, 2010 15:44 ET (19:44 GMT)
Read moreBP's Wells: 'No Evidence' Of Problems With New Containment Cap
17th Jul 2010 14:42
By Brian Baskin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--A containment cap BP PLC (BP, BP.LN) has installed over a leaking oil well in the Gulf of Mexico shows "no evidence" of creating new ruptures on the sea floor, while drilling of a relief well aiming to permanently cut off the flow
Read moreBP Well Cap Holds; Uncertainty Over Pressure Readings Remains
17th Jul 2010 11:24
NEW ORLEANS (AFP)--Engineers probed BP PLC's (BP, BP.LN) ruptured Gulf oil well for leaks Saturday but said a giant cap placed on it two days ago appeared to be holding despite puzzling pressure readings. BP insisted after the first 24 hours of tests that the cap was holding after being shut on
Read moreTaiwan Supertanker Unfit For Skimming BP Oil Spill--US
17th Jul 2010 03:06
NEW ORLEANS (AFP)--After extensive testing, a massive Taiwanese supertanker re-fitted for skimming oil in open water was deemed "not ideally suited" for cleaning up the Gulf of Mexico oil spill, U.S. officials said Friday. "While its stature is impressive," said Federal On-Scene Coordinator Admi
Read more