BTC Oil Pipeline Scheduled To Pump 23.8M Barrels In Aug-Trade
12th Jul 2010 11:55
LONDON (Dow Jones)--The Baku-Tbilisi-Ceyhan oil pipeline is expected to pump 23.8 million barrels of crude oil in August, 2.17 million barrels less than the July program, a crude oil trader who had seen the loading schedule told Dow Jones Newswires Monday. August loadings will amount to 769,355
Read moreNational Grid: LNG Cargo Berths At Isle Of Grain Saturday
12th Jul 2010 10:15
LONDON (Dow Jones)--U.K. natural gas grid operator National Grid PLC (NGG) Monday said the Al Kharsaah liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent, southeast England, Saturday. The Isle of Grain terminal is able to import 9.8 million metric tons of LN
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
12th Jul 2010 10:10
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] 0910 GMT [Dow Jones] BP's (BP) level of debt is unlikely to rise despite in its 2Q results spending billions of dollars on
Read moreMARKET TALK: BP Debt Level Rise Seen Unlikely In 2Q Results
12th Jul 2010 10:10
0910 GMT [Dow Jones] BP's (BP) level of debt is unlikely to rise despite in its 2Q results spending billions of dollars on the oil spill clean-up, says Collins Stewart. "We see 2Q operating cashflow of around $7Bln. If we assume capex of $4.5Bln and spill containment/cleanup costs of around $3Bln, t
Read moreUPDATE: BP Shares Rise With Cap Progress, Disposal Chatter
12th Jul 2010 08:49
(Adds analyst comment, background) By Jeffrey Sparshott Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) shares rose as much as 5.6% Monday morning after the oil major said a new system to contain the Gulf of Mexico spill was proceeding as planned, and press reports indicated that
Read moreLondon open: A struggle after bright start
12th Jul 2010 08:45
London is struggling to hold onto its bright start despite a good morning for shares in beleaguered oil giant BP. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and $2.65bn at the end of June, although some say that figure could eventually hit $70
Read moreLondon pre-open: Winning streak to continue
12th Jul 2010 07:49
It looks like London could extend its winning streak to five sessions after Wall Street rallied Friday afternoon, with futures prices indicating an early 11-point gain. BP will be in focus again. It said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago and
Read moreBP: Gulf Of Mexico Oil Spill Response Cost Reaches $3.5B
12th Jul 2010 07:16
LONDON (Dow Jones)--BP PLC (BP) Monday said the cost of its response to the Gulf of Mexico oil spill had reached $3.5 billion. The London-based company is in the process of installing a new, tight-fitting containment cap on the broken, mile-deep well that is gushing oil into the Gulf. Eventu
Read moreBP clean-up costs hit $3.5bn
12th Jul 2010 07:01
BP said the cost of the clean-up in the Gulf of Mexico now amounts to $3.5bn, up from $3.12bn a week ago and $2.65bn two weeks ago. Some brokers estimate the Gulf disaster could cost $70bn. However, bid and asset sale rumours are continuing to lift the firm's shares. US oil giant Exxon has starte
Read moreMonday newspaper round-up: Banks, Taylor Wimpey, Google
12th Jul 2010 06:42
A battle to break into Britain's crowded high street banking market is in the offing with an American private equity firm and a British consortium both gearing up for acquisitions. The New York-based JC Flowers is in talks to take control of Kent Reliance, a building society with only one branch. T
Read moreCNPC,BP Take Over Iraqi Rumaila Field, Target 10% Output Hike
12th Jul 2010 04:02
BEIJING (Dow Jones)--A joint operational team led by China National Petroleum Corp. and U.K. oil major BP PLC (BP) has taken over operation and management of Iraq's largest producing oil field, Rumaila, CNPC said in its inhouse newsletter Monday. CNPC and BP both signed with Baghdad a 20-year te
Read moreBP Places New Cap Over Leaking Oil Well
12th Jul 2010 00:45
WASHINGTON (AFP)--BP PLC (BP) successfully placed a new cap over the Gulf of Mexico oil leak Monday, hoping the giant valve will seal the well or contain all the gushing crude, underwater video footage showed. The murky live pictures, broadcast on BP's website, appeared to show the "Top Hat 10"
Read more3rd UPDATE:Interior Department Issues New Deepwater-Drilling Moratorium
12th Jul 2010 00:02
(Updates to show that Justice Department plans to file a motion to dismiss the existing court case.) By Siobhan Hughes and Stephen Power WASHINGTON (Dow Jones)--The Obama administration on Monday issued a new moratorium on most deepwater-drilling activities, trying again with a policy that
Read moreU.S. Senate To Call Mitsui Oil Executive - Report
11th Jul 2010 23:44
TOKYO (Dow Jones)--A U.S. Senate subcommittee will ask the president of an oil exploration company under the umbrella of Mitsui & Co. (8031.TO) to attend a hearing on the ongoing oil spill in the Gulf of Mexico, the Yomiuri Shimbun reports. The firm, MOEX Offshore 2007 LLC, has a stake in the oi
Read more2nd UPDATE: BP Says Pleased With Progress Of Replacing Cap On Well
11th Jul 2010 20:55
(Updates with more details from BP) By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) hit only one small snag overnight and remains "pleased with its progress" in the second day of its new effort to contain oil gushing from its broken well in the U.S. Gulf of
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