MARKET TALK:Exxon Offshore Projects Could Benefit From Oil Spill -Analyst
13th Jul 2010 15:19
[Dow Jones] The tragic Deepwater Horizon oil spill in the Gulf of Mexico could give Exxon Mobil Corp. (XOM) the opportunity to become the operator on many of its offshore joint venture projects on advantageous terms that will add value to the company through larger equity stakes in exchange for hand
Read moreMARKET TALK: Highly Unlikely Exxon Will Buy BP -UBS
13th Jul 2010 14:56
[Dow Jones] Exxon Mobil Corp. (XOM) could be a buyer of significant assets from BP PLC (BP), but a merger is highly unlikely because of the potential regulatory hurdles, say analysts at UBS, who met with the company's management Tuesday. After completing its acquisition of natural gas producer XTO
Read moreUPDATE: BP Starts Test To Determine Success Of New Cap
13th Jul 2010 14:49
(Updates with more details and comment) 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 company vice presiden
Read moreBP Starts Test To Determine Success Of New Cap
13th Jul 2010 14:28
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, which is gushing oil into the Gulf of Mexico, a company vice president said. The U.K. oil giant placed
Read moreMagellan Midstream To Acquire BP Assets For $289M
13th Jul 2010 14:09
DOW JONES NEWSWIRES Magellan Midstream Partners LP (MMP) agreed to acquire some storage and pipeline assets from BP PLC's (BP, BP.LN) North American pipelines business for $289 million, in a move it expects will aid the development of its East Houston terminal into a key distribution point.
Read moreRefinery Status: Valero Restarts FCCU At McKee Texas Refinery
13th Jul 2010 13:30
DOW JONES NEWSWIRES The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. Valero Energy Corp. (V
Read moreRefinery Status: Valero Restarts FCCU At McKee -2-
13th Jul 2010 13:30
was relatively minor and any delay to related FCCU would be minimal. Entire plant is in turnaround. Work began early March. CVR Coffeyville 115.0 New ultra low sulfur gasoline
Read moreAbu Dhabi Crown Prince Says Mulling BP Investment - Bloomberg
13th Jul 2010 12:59
DUBAI (Zawya Dow Jones)--Abu Dhabi is considering making an investment in BP PLC, the oil-rich emirate's Crown Prince Sheik Mohammed bin Zayed Al Nahyan said, Bloomberg News reports Tuesday. "We are still thinking about it," the crown price told Bloomberg when asked whether Abu Dhabi was conside
Read moreAT A GLANCE: BP Prepares Attempt To Cap Gulf Oil Spill
13th Jul 2010 12:49
THE LATEST: BP PLC (BP) will attempt for the first time Tuesday to capture all of the oil leaking from the Macondo well into the Gulf of Mexico. On Monday the company said it had successfully installed a new cap with a much tighter seal on the well and will perform up to 48 hours of tests to check i
Read moreBP Places New Cap On Leaking Oil Well, Prepares Testing
13th Jul 2010 12:36
(This article was originally published Monday.) By Cassandra Sweet and Susan Daker Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Monday that it has successfully installed a new sealing cap as part of efforts to stop oil from gushing out of a broken well in the Gulf of Mexico. The c
Read moreLondon midday: Stocks kick on as inflation eases
13th Jul 2010 12:16
Inflation figures gave the London stock market a boost this morning and the Footsie ended the session close to its highest level for the day. Consumer price inflation (CPI) eased towards the Bank of England's target level of 2% in the year to June. helped by lower petrol prices. CPI annual inflati
Read moreN AMERICAN MORNING BRIEFING: Renewed Optimism To Lift Stocks
13th Jul 2010 11:40
DJIA Futures 10230.0 +51.0 +0.5% S&P 500 Futures 1083.2 +6.6 +0.6% Nasdaq Futures 1833.9 +13.6 +0.8% Above are as of 0615 ET FTSE 100 5241.5 +74.4 +1.4% Xetra DAX 6156.8 +79.7 +1.3% CAC40 3617.6 +50.0 +1.4% Above are as of 0
Read moreMARKET TALK: BP Cap Installation Obvious Positive - Dolmen
13th Jul 2010 10:11
0911 GMT [Dow Jones] BP's (BP.LN) successful installation of a new containment cap on the Macondo well is an obvious positive for the company, says Dolmen Securities. Notes that up until recently it was believed that the eventual solution to the leak would come in the form of a relief well due to be
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
13th Jul 2010 10:11
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] 0911 GMT [Dow Jones] BP's (BP.LN) successful installation of a new containment cap on the Macondo well is an obvious posit
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
13th Jul 2010 09:55
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0855 GMT [Dow Jones] It makes sense for BP (BP) to sell its Alaska assets to Apache (APA), says NCB Stockbrokers analyst Pete
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