UPDATE: Transocean Agrees To Cut Rate For Shell, BHP In US Gulf
15th Jul 2010 23:50
(Updates with additional information on rig fleet status and force majeure declarations.) HOUSTON (Dow Jones)--Transocean Ltd. (RIG) has agreed to cut its day rate for two oil and gas companies in the U.S. Gulf of Mexico while a government-mandated moratorium on deepwater drilling is in place,
Read moreUPDATE: BP's Shares Jump After Oil Flow Stops In Well Test
15th Jul 2010 22:57
(Adds additional information about the test and the reaction by shares of BP, Transocean and Anadarko Petroleum.) By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) U.S. shares jumped Thursday afternoon after the oil giant said the flow of oil in
Read moreObama Says 'Positive Sign' Oil Stopped Leaking From BP Well
15th Jul 2010 22:41
By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama on Thursday said it was a "positive sign" that oil appears to have stopped gushing out of a BP Plc (BP, BP.LN) well in the Gulf of Mexico. He said he would have more to say on the topic Friday. B
Read moreUPDATE: BP Stops Oil Leak In Latest Attempt To Seal Well
15th Jul 2010 22:36
(Updates with details about oil leak stopping, BP's well integrity test and comments from BP executive.) By Cassandra Sweet and Susan Daker Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Thursday that no oil is flowing out of a broken well into the Gulf of Mexico as the company tests the
Read moreADR Report: Shares Close Mixed After Late Bank, BP Rally
15th Jul 2010 22:26
By Emily Glazer Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York had a mixed close Thursday as stocks pared losses while financials recovered ground. Financial stocks, which are particularly susceptible to economic headwinds, fell for much of the s
Read moreFeinberg: Gulf Oil Spill Fund To Begin Payouts In August-Report
15th Jul 2010 22:00
DOW JONES NEWSWIRES The $20 billion that oil giant BP PLC (BP, BP.LN) has promised to help businesses hit by the leaking well in the Gulf of Mexico should start making payouts in early August, the Times Picayune quoted the man in charge of disbursing the money as telling officials Thursday near
Read moreUS HOT STOCKS:Kulicke & Soffa, Motorola, Mylan, WW Grainger -2-
15th Jul 2010 21:59
Industrias Romi SA (ROMI3.BR) abandoned its $116 million hostile bid for fellow machine-tool maker Hardinge Inc. (HDNG, $8.09, -$0.97, -10.69%) as far fewer shares were tendered than the suitor had sought, despite an extended offer period. "Romi will now focus on other alternatives in order to conti
Read moreCORRECT: Transocean Reaches Special Rig Rate With BHP In U.S. Gulf
15th Jul 2010 21:55
(The headline "*Transocean Reaches Special Rig Rate With BP In U.S. Gulf," published at 4:37 p.m. EDT, mentioned the wrong company. The special rig rate was with BHP. (MORE TO FOLLOW) Dow Jones Newswires July 15, 2010 16:55 ET (20:55 GMT)
Read more2nd UPDATE: Sen Mikulski: May Subpoena Dispersant-Maker Nalco
15th Jul 2010 21:53
(Updates with Nalco spokesman saying company wasn't asked to testify) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Sen. Barbara Mikulski (D., Md.), said Thursday she might subpoena Nalco Holding Co. (NLC) executives to testify at a hearing because the maker of a dispe
Read moreBP WATCH: BP's US Shares Jump After Oil Flow Stops In Well Test
15th Jul 2010 21:17
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) U.S. shares jumped Thursday afternoon after the oil giant said the flow of oil into the Gulf of Mexico stopped during a test to see whether a recently placed cap on the well can entirely seal it off.
Read moreUPDATE: Sen Mikulski: May Subpoena Dispersant-Maker Nalco
15th Jul 2010 21:11
(Updates with Nalco spokesman saying company wasn't asked to testify) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Sen. Barbara Mikulski (D, Md.), said Thursday she might subpoena Nalco Holding Co. (NLC) executives to testify at a hearing because the maker of a disper
Read moreBP: No Flow Of Oil Into Gulf Of Mexico
15th Jul 2010 21:07
By Cassandra Sweet Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones)--BP PLC (BP, BP.LN) said Thursday that no oil is flowing out of a broken well into the Gulf of Mexico as the company tests the well with a new cap it had placed on top of it. BP is testing the ability of the well to with
Read moreHouse Panels Approve Oil-Drilling Regulation Bills As Leadership Mulls Strategy
15th Jul 2010 20:48
By Corey Boles Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Two U.S. House panels approved bills Thursday that would overhaul the regulation of the U.S. oil-drilling industry, including most notably a provision that could prevent BP PLC (BP, BP.LN) from winning new offshore drilling licens
Read moreBP Starts Test On Broken Well To See If It Can Be Sealed
15th Jul 2010 20:03
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)-BP PLC (BP, BP.LN) said Thursday afternoon it has begun a test on its broken well that could show whether a recently placed cap could halt the gushing of oil into the U.S. Gulf of Mexico. The test will last at least six hours but
Read moreBP WATCH: BP's US Shares Rise As Well Testing Begins
15th Jul 2010 19:57
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) shares rose Thursday as the company began a test that will show whether a recently placed cap can entirely seal off a damaged well in the Gulf of Mexico. BP's American depositary shares rose 2.9%
Read more