Nexen Shuts N Sea Scott Platform On Technical Glitch On FPS
15th Jul 2010 15:54
LONDON (Dow Jones)--Canadian oil firm Nexen Inc. (NXY) has shut its Scott field in the North Sea due to a technical problem on the Forties Pipeline System, the company said Thursday in its second-quarter earnings statement. "Earlier this week, a valve failure on the Forties pipeline system requi
Read moreSen. Mikulski: May Subpoena Dispersant-Maker Nalco
15th Jul 2010 15:28
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Sen. Barbara Mikulski (D, Md.), on Thursday said that she might subpoena Nalco Holding Co. (NLC) executives to testify at a hearing after the maker of a dispersant being used to combat a Gulf of Mexico oil spill declined to te
Read moreIraq To Host International Oil Symposium July 18-19 -Official
15th Jul 2010 14:41
By Hassan Hafidh Of DOW JONES NEWSWIRES Iraq's oil ministry is holding an international symposium beginning Sunday that aims to discuss the best ways for the government to co-ordinate and implement the country's oil expansion plans, a senior Iraqi oil official said Thursday. Two oil lice
Read moreBP Well Test Delayed Again, Could Start Thursday
15th Jul 2010 14:36
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC's (BP, BP.LN) plans to test the integrity of an overflowing well in the Gulf of Mexico have been delayed again because of an "unexpected," problem with a piece of equipment, a company senior vice president said Thursday. T
Read moreUPDATE: Castrol India 2Q Net Profit Rises 17% On Higher Sales
15th Jul 2010 14:26
(Adds earnings details, executive's comments) By Eric Yep Of DOW JONES NEWSWIRES MUMBAI (Dow Jones)--Castrol India Ltd. (500870.BY) said Thursday its net profit for the second quarter rose 17%, helped by marketing initiatives that boosted sales of its lubricants. Net profit for the
Read moreVerenium Soars On $98.3M Deal To Sell Biofuel Ops To BP
15th Jul 2010 13:49
DOW JONES NEWSWIRES BP PLC's (BP, BP.LN) North American biofuels business has agreed to acquire the cellulosic biofuels business of Verenium Corp. (VRNM) for $98.3 million. Verenium's shares surged 90% to $4.68 in recent premarket trading as the deal will sharply improve the unprofitable co
Read moreLondon afternoon: Stocks perk up slightly
15th Jul 2010 13:06
London's leading shares are posting minimal gains in afternoon deals with Wall Street expected to start higher. Metal prices have recovered and mining stocks are not such a drag on the index as they were in the first few hours of trading, though Kazakhmys and Rio Tinto are amongst the major fallers
Read moreAT A GLANCE: Cautious BP Makes Slow Progress In Oil Leak Cap
15th Jul 2010 12:21
THE LATEST: BP PLC's (BP) progress toward fully capping the leaking Gulf of Mexico oil well continued to be frustratingly slow Thursday. After finally getting the green light to begin crucial pressure tests that will determine whether the cap can work, BP said it would have to postpone the procedure
Read moreUPDATE: Leak Forces New Delay To BP Oil Cap Test
15th Jul 2010 12:14
(Updates with details on test and hurricane readiness, BP saying no new timetable for resuming testing) NEW ORLEANS (AFP) -- Oil giant BP PLC (BP) detected a leak Thursday in equipment to seal the catastrophic Gulf of Mexico gusher, forcing another delay to the start of crucial tests on a new ti
Read moreLondon midday: Footsie recovers equilibrium
15th Jul 2010 12:05
Leading shares are mixed, with laggards marginally in the majority among FTSE 100 constituents although the index itself ended the morning in positive territory. Metal prices have recovered and mining stocks are not such a drag on the index as they were in the first two hours of trading. Global in
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
15th Jul 2010 11:58
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1058 GMT [Dow Jones] BP's (BP) financial position is strong enough to be able to resume paying dividends next year, despit
Read moreMARKET TALK: BP Able To Reinstate Dividend Next Year - Citi
15th Jul 2010 11:58
1058 GMT [Dow Jones] BP's (BP) financial position is strong enough to be able to resume paying dividends next year, despite facing around $39Bln in costs related to the Gulf of Mexico oil spill, says Citigroup. "We expect free cashflow next year, post-capex and Macondo-related outflows, to be around
Read moreCastrol India 2nd Quarter Net Profit INR1.50 Bln; Up 17%
15th Jul 2010 11:57
MUMBAI (Dow Jones)--Lubricant company Castrol India Ltd. (500870.BY) said Thursday its net profit for the fiscal second quarter rose 17%, helped by higher sales of its products. Castrol India said its net profit for the April-June period rose to INR1.50 billion, from INR1.28 billion a year earl
Read moreLeak Forces New Delay To BP Oil Cap Test
15th Jul 2010 11:33
NEW ORLEANS (AFP)--Oil giant BP PLC (BP) detected a leak Thursday in equipment to seal the catastrophic Gulf of Mexico gusher, forcing another delay to the start of crucial tests on a new tighter-fitting cap. After finally getting the green light to begin pressure tests, BP said it would have to
Read moreN AMERICAN MORNING BRIEFING:Stocks Seen Flat; JP Morgan Eyed
15th Jul 2010 11:28
DJIA Futures 10313.5 +5.5 +0.1% S&P 500 Futures 1091.1 +0.0 +0.0% Nasdaq Futures 1854.0 +2.8 +0.1% Above are as of 0615 ET FTSE 100 5239.4 -14.1 -0.3% Xetra DAX 6214.5 +4.7 +0.1% CAC40 3630.1 -2.9 -0.1% Above are as of 0
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