BP Begins Integrity Testing On Macondo Well In U.S. Gulf
15th Jul 2010 19:44
HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) said Thursday afternoon it has begun a test on its run away Macondo well that could show whether a recently placed cap could cease the gushing of oil into the U.S. Gulf of Mexico. The test will last at least six hours but could last up to two days, BP said
Read morePRESS RELEASE: BP: WELL INTEGRITY TEST COMMENCES ON MC252 WELL
15th Jul 2010 19:21
press release July 15, 2010 WELL INTEGRITY TEST COMMENCES ON MC252 WELL Following installation of the capping stack and in line with the procedure approved by the National Incident Commander and Unified Area Command, the well integrity test on the MC252 well commenced today. The well
Read moreUS HOT STOCKS: Opnet Tech, Universal Forest, WuXi Pharma -2-
15th Jul 2010 18:34
Greece's fourth-largest lender by assets, Piraeus Bank SA (TPEIR.AT), said it will offer EUR701 million to acquire controlling stakes in two Greek government-controlled banks. "This is good news and may begin a wave of other mergers in the banking sector," said a local broker. "In the end, there wil
Read moreUS Says BP Must Pay Royalties On Oil,Gas From Leaking Gulf Well
15th Jul 2010 18:27
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Obama administration said Thursday that BP PLC (BP, BP.LN) must pay royalties on oil and gas collected from the broken well in the Gulf of Mexico, and will also be liable for royalties on lost or wasted oil if it is determ
Read moreBP Nears Possible All-Cash, $11B Asset Deal With Apache-Bloomberg
15th Jul 2010 18:24
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) is moving toward a deal with oil and gas explorer-producer Apache Corp. (APA) to sell assets priced between $10 billion and $11 billion, possibly all in cash, with an agreement to come as soon as next week, Bloomberg News reports Thursday, citing two peopl
Read moreHEARD ON THE STREET: Oil Majors' Search For Growth Is Costly
15th Jul 2010 17:40
By Liam Denning A DOW JONES COLUMN It would be funny if, as news reports suggest, Apache Corp. (APA) ended up buying BP PLC's (BP.LN, BP) Alaskan business. Having also bought BP's North Sea Forties field in 2003, Apache would then own the two assets that long ago rescued the British oil majo
Read morePRESS RELEASE: Moody's Assigns Aa3 Rating To The -2-
15th Jul 2010 17:31
DEBT BURDENS MANAGEABLE; NO PLANS FOR FUTURE DEBT The Board's debt burdens are manageable at 1.2 % on a direct basis and 3.9% on an overall basis. Principal is amortized rapidly with 87.6% of debt retired in ten years. The Board has no plans for future debt given that any capital needs or facility
Read morePRESS RELEASE: Moody's Assigns Aa3 Rating To The Parishwide School District Of The Parish Of Orlean, State Of Louisiana $104.53 Mllion Go School Funding Bonds, Series 2010
15th Jul 2010 17:31
The following is a press release from Moody's Investors Service: Aa3 RATING AFFECTS $104.53 MILLION OF DEBT Orleans Parish School Board, LA Primary & Secondary Education Louisiana Moody's Rating Issue Rating General Obligation School Refundi
Read moreBP buys US biofuel assets
15th Jul 2010 17:23
BP has agreed to buy enzyme developer Verenium's cellulosic biofuels business for $98.3m. The purchase includes Verenium's facilities in Jennings, Louisiana and San Diego, California. 'This acquisition demonstrates BP's intent to be a leader in the cellulosic biofuels industry in the U.S. and pos
Read moreUS Coast Guard: Choke Line Fixed, BP Ready To Start Well Testing
15th Jul 2010 16:54
HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) has fixed a leaking line that has delayed a test of whether a recently place cap can entirely seal off a damaged well in the U.S. Gulf of Mexico, the federal response commander said Thursday. The U.K. oil giant is ready to begin testing again, retired U.S.
Read moreLondon close: Footsie slips after US slide
15th Jul 2010 16:37
Company news was generally well received today, but the leading share index took a downward turn after a poor opening on Wall Street. Mining stocks were out of favour as metals prices slipped. ENRC and Rio Tinto were among the strugglers. Global information services company Experian went well afte
Read moreUPDATE: Aug Forties Cargoes Deferred On Unstable Output -Trade
15th Jul 2010 16:18
(Adds Buzzard production hiccups, technical glitch on FPS.) By Sherry Su Of Dow Jones Newswires LONDON (Dow Jones)--Some North Sea Forties crude oil cargoes for August loading have been deferred by 1-3 days partly due to unstable production caused by maintenance, traders said Thursday.
Read moreFTSE 100 movers: Miners and financials head lower
15th Jul 2010 16:17
Footsie is heading lower as miners and financials fall back. Metals prices are recovering but ENRC, Rio Tinto, Xstrata and Kazakhmys are all lower. Barclays leads the fallers. There is also profit taking in ARM after yesterday's rise. Global information services company Experian is higher af
Read moreTable Of UK & Norway Oil, Gas Field Outage Schedules
15th Jul 2010 16:04
(Updates Maintenance at Nexen's Scott field.) 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/
Read moreIPO WATCH: Ocado In Hot Seat After Fairfield Cancellation
15th Jul 2010 15:58
By Margot Patrick Of DOW JONES NEWSWIRES LONDON (Dow Jones)--It was a mixed bag for Europe's market in initial public offerings this week, as U.K. oil producer Fairfield Energy pulled its planned $500 million initial public offering in London, but Germany's Stroer Out-of-Home Media AG manage
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