Coast Guard: Removal Of Well Cap Could Happen Saturday
9th Jul 2010 16:50
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) could begin removing the containment cap over its gushing well Saturday kicking off a process to replace it with a stronger device that could take several days and temporarily result in an increase of oil spilling
Read moreIRS Creates Tax Hotline For BP Oil Spill Victims
9th Jul 2010 15:26
By Shayndi Raice Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Taxpayers affected by the Gulf Coast oil spill are eligible for flexible tax payment options if they call an Internal Revenue Service hotline, the federal agency said Friday. Victims who call the hotline are eligible for a su
Read moreRefinery Status: Citgo Lemont FCCU Could Be Down -2-
9th Jul 2010 14:07
Plant was shut for de-coking on June 20. Valero Norco, LA 250.0 Upgrade project to build 2012 a new diesel hydrotreater unit moved from 2010 to 4Q 2012. Valero Port Arth
Read moreRefinery Status: Citgo Lemont FCCU Could Be Down For 7 Days
9th Jul 2010 14:07
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. Citgo's key gasoline-m
Read moreForties Aug Program 12M Bbl, Down 5.4M Bbl On Mo -Trade
9th Jul 2010 13:18
LONDON (Dow Jones)--The August loading program for North Sea Forties Blend crude oil is scheduled at 12 million barrels, down 5.4 million barrels from July, a trader said Friday. August's program consists of 20 standard 600,000 barrel cargoes. It is equivalent to 387,097 barrels a day, compared
Read morePRACTICE MANAGEMENT: Unloading BP Stock As The Oil Gushes
9th Jul 2010 12:35
(This article was originally published Thursday.) By Michaela Cavallaro A DOW JONES NEWSWIRES COLUMN When adviser Tom Rogers set up an April 29 client meeting, his plan was to cover the couple's general investing strategy and asset allocations--but that plan changed quickly. Rogers,
Read moreBP-led Consortium Awards Contracts For $6 Bln Caspian Project
9th Jul 2010 12:14
MOSCOW (Dow Jones)--A consortium led by BP PLC (BP) that is operating the massive Azeri-Chirag-Gunashli oil field in the Azeri sector of the Caspian Sea has awarded six contracts totaling $814 million for development of the Chirag project, the consortium said Friday. Winners include BOS Shelf--a
Read moreRussia's Alfa Bank To Borrow $1B From Western Markets -President
9th Jul 2010 12:12
MOSCOW (Dow Jones)--Alfa Bank, Russia's largest private bank, is planning to borrow about $1 billion from western markets shortly, the bank's president, Petr Aven, said at his meeting with Prime Minister Vladimir Putin Friday. According to the transcript of the meeting, published on the governme
Read moreBrent Aug Crude Program 4.897M Bbl, +1.297M Bbl On Month-Trade
9th Jul 2010 09:12
LONDON (Dow Jones)--The August loading program for North Sea Brent blend crude oil is scheduled at 4.897 million barrels, up 1.297 million barrels from July, a trader said Friday. August's program comprises eight standard 600,000-barrel cargoes and one top-up cargo of 97,000 barrels. The volume
Read more3rd UPDATE: BP Could Start Work On New Spill Cap By Saturday -Coast Guard
9th Jul 2010 00:19
(Updates with BP's letter to the U.S. government, other details throughout) By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP) could start work on a new effort to contain the oil gushing from the leak in the Gulf of Mexico on Saturday, the federal government's spill-r
Read moreBP Oil-Recovery Rate Flat Friday Morning
9th Jul 2010 00:12
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said the rate of recovered oil from its broken well in the Gulf of Mexico was virtually flat Friday morning with the previous half-day rate. The oil-capture numbers quickly follow the oil giant's announcement it would start work on a new containment ca
Read moreUS HOT STOCKS: Lawson Software Active In Late Trading
8th Jul 2010 22:16
U.S. stocks closed higher Thursday as the Dow Jones Industrial Average rose 121 points to 10139, the S&P 500 gained 10 points to 1070 and the Nasdaq Composite moved up 16 points to 2175. Among the companies whose shares are actively trading in the after-hours session are Lawson Software Inc. (LWSN),
Read moreMARKET TALK: BP, APC CDS Levels and Bonds Continue Rally
8th Jul 2010 19:54
1847 GMT [Dow Jones] Spreads and credit-default swap levels surged for the BP and Anadarko after the U.S. gov't affirmed expecations that the leaking well could be capped by mid-August, and after a WSJ article citing BP officials who said the company is shooting to fix the leak later this month. BP'
Read moreUPDATE: Obama Admin Demands More Info From BP
8th Jul 2010 18:57
(Updates with additional details from the letter) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Obama administration is demanding BP PLC (BP, BP.LN) provide the federal government with more information about its plans to stanch the Gulf of Mexico oil spill as clea
Read moreObama Admin Demands Updated Timeline From BP On Oil Capping Efforts
8th Jul 2010 18:29
By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Obama administration is demanding BP Plc (BP, BP.LN) provide the federal government an updated timeline of plans to cap the mile-deep well in the Gulf of Mexico that is spewing oil off the Louisiana coast. The letter,
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