PRESS RELEASE: FURTHER ANALYSIS TO BE CARRIED OUT BEFORE INTEGRITY TEST COMMENCES ON MC252 WELL
14th Jul 2010 03:08
FURTHER ANALYSIS TO BE CARRIED OUT BEFORE INTEGRITY TEST COMMENCES ON MC252 WELL Release Date: 13 July 2010 Following a meeting with Secretary Chu and his team of scientific and industry experts, the National Incident Commander announced that additional analysis of the well testing procedure
Read moreKey BP Oil Well Test Delayed - US Official
14th Jul 2010 03:01
WASHINGTON (AFP)--The start of BP PLC's (BP) crucial integrity test of the leaking Gulf of Mexico oil well has been delayed until at least Wednesday, the U.S. official leading the disaster response said. Adm. Thad Allen, the former U.S. Coast Guard chief, said he had taken the decision to delay
Read moreUPDATE: BP Begins Procedure For Starting Well-Integrity Testing
14th Jul 2010 00:41
(Updates with additional details about oil flow from well head in fourth and fifth paragraphs) By Cassandra Sweet DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Wednesday it has started the procedure to test the integrity of a new system for collecting oil gushing out of a broken oil well i
Read moreBP: Begins Procedure For Starting Well-Integrity Testing
14th Jul 2010 00:07
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Wednesday it has started the procedure to test the integrity of a new system for collecting oil gushing out of a broken oil well in the Gulf of Mexico. BP had postponed starting the well-integrity test, originally scheduled for Tuesday, after gove
Read moreDiamond Offshore CEO: 250 Jobs To Be Lost As Rigs Move Abroad
13th Jul 2010 22:14
By Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Some 250 U.S. rig workers have lost or could soon lose their jobs as Diamond Offshore Drilling Inc. (DO) moves drilling rigs out of the U.S. Gulf of Mexico in the wake of a temporary ban on deepwater drilling, Chief Executive Larr
Read moreUS Senators Seek Probe Into BP Role In Lockerbie Release
13th Jul 2010 22:03
WASHINGTON (AFP)--U.S. senators urged Secretary of State Hillary Clinton on Tuesday to investigate whether oil giant BP PLC (BP, BP.LN) pressed Britain to free the Lockerbie bomber to protect a lucrative deal with Libya. "Evidence in the Deepwater Horizon disaster seems to suggest that BP would
Read moreBP: Yet To Start Testing Integrity Of Sealing Cap
13th Jul 2010 21:44
By Cassandra Sweet and Susan Daker Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Tuesday it is on track to start tests later in the day to determine whether a recently placed sealing cap is working to plug the well that is gushing oil into the Gulf of Mexico. The U.K. oil major placed t
Read moreCORRECT: BP: Mitsui Notified Company It's Withholding Oil-Spill Payment
13th Jul 2010 21:14
(The story "BP: Mitsui Notified Company It's Withholding Oil-Spill Payment" published at 2:25 p.m. EDT misstated the percentage Anadarko owns in the Macondo well in the fourth paragraph. The correct version follows.) HOUSTON (Dow Jones)--BP PLC (BP) said Tuesday that Japan's Mitsui & Co. (8031.
Read moreObama Administration Bills BP, Others $100M More For Oil Spill
13th Jul 2010 19:37
DOW JONES NEWSWIRES The Obama administration on Tuesday said it billed BP Plc (BP, BP.LN) and others $100 million for costs related to the Gulf of Mexico oil disaster. It represents the fourth bill the administration has sent to BP and comes as the company is trying to determine whether its
Read moreUS HOT STOCKS: Novellus, RadioShack, Syniverse, Viad -3-
13th Jul 2010 18:31
Magellan Midstream Partners LP (MMP, $48.68, +$0.53, +1.10%) agreed to acquire some storage and pipeline assets from BP PLC's (BP, $35.99, -$0.77, -2.09%) North American pipelines business for $289 million, in a move it expects will aid the development of its East Houston terminal into a key distrib
Read more2nd UPDATE: BP Starts Test To Determine Success Of New Cap
13th Jul 2010 16:48
(Update to add latest amount of oil being collected) By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) will perform tests Tuesday to see if the recently placed sealing cap has the ability to shut in the well that is gushing oil into the Gulf of Mexico, a compa
Read moreCoast Guard: Just Finished Seismic Run On BP Well
13th Jul 2010 16:40
HOUSTON (Dow Jones)--Integrity testing on BP PLC's (BP, BP.LN) broken well should begin Tuesday afternoon resulting in the shut down of the two production vessels which have been keeping oil from flowing into the U.S. Gulf of Mexico, said U.S. Coast Guard Retired Adm. Thad Allen. If the first si
Read moreFeinberg: Oil Spill Claims Payments To Begin In August-Fox Business
13th Jul 2010 16:03
DOW JONES NEWSWIRES Kenneth Feinberg, charged with administering BP PLC's (BP) $20 billion oil-spill damage fund, will begin paying out claims in early August, and plans to increase emergency payments to eligible claimants to six months from the current one month, the Fox Business Network repo
Read moreUS HOT STOCKS: Chevron, Emcor, Infosys, LaSalle Hotel -2-
13th Jul 2010 15:35
Cerner Corp. (CERN, $81.37, +$1.06, +1.32%) said second-quarter results will be at or above prior expectations as the health-care information-technology company announced President Trace Devanny is stepping down after 11 years in the post to pursue other opportunities. Chairman and Chief Executive N
Read moreAbu Dhabi mulls investment in BP, reports
13th Jul 2010 15:27
Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed Al Nahyan said the emirate is considering making an investment in BP, according to press reports. "We are still thinking about it," he was quoted by Bloomberg as saying when asked about buying a stake in the firm. "We are looking across the board.
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