PRACTICE MANAGEMENT: Unloading BP Stock As The Oil Gushes
8th Jul 2010 18:22
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, a certified financial planner who is a principal at Po
Read moreUS Demands BP Detail Next Steps To Cap Oil Slick
8th Jul 2010 18:07
WASHINGTON (AFP) -- The U.S. government Thursday gave BP Plc (BP) 24 hours to outline its next steps to contain the Gulf of Mexico oil spill, saying efforts to cap a fractured well were entering a "critical stage." The U.S. pointman in the crisis, Thad Allen, wrote to BP managing director Bob Du
Read moreBP WATCH: BP's US Shares Fluctuate Between Gains, Losses
8th Jul 2010 17:58
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP) U.S. shares fluctuated between small gains and losses Thursday after the U.S. government maintained its projection at mid-August for the completion of a relief well that could stop the oil spill in the Gulf
Read moreUPDATE:UK Govt Rejects EU Demand To Halt Deep Water Drilling
8th Jul 2010 17:46
(Adds industry comment, background.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--The U.K. government Thursday rejected a call from a top European Union official that all deep water oil drilling should be suspended until the cause is known of the rig explosion that triggered
Read moreUK Govt Rejects EU Demand To Freeze All Deep Water Oil Drilling
8th Jul 2010 17:25
LONDON (Dow Jones)--The U.K. government Thursday rejected a call from a top European Union official that all deep water oil drilling should be suspended until the cause is known of the rig explosion that triggered a huge oil spill in the Gulf of Mexico. "Unless we are satisfied that the emergenc
Read moreCoast Guard Still Sees Mid-Aug Finish For BP Spill Relief Well
8th Jul 2010 16:46
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--The U.S. government is sticking with its forecast for a mid-August finish for a relief well that could kill the broken Macondo well spewing oil into the Gulf of Mexico. The government's point man on the spill-recovery effort, Re
Read moreBP Evacuates Non-essential Workers From Gulf Due To Weather
8th Jul 2010 15:14
HOUSTON (Dow Jones)--BP PLC (BP) said Thursday it has evacuated some non-essential workers from its operations in the Gulf of Mexico due to bad weather caused by a tropical depression in the area. BP spokesman Daren Beaudo said the company's production hasn't been impacted and that workers will
Read moreRefinery Status: BP Texas City FCCU Hits Snag, Will Restart
8th Jul 2010 13:58
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. A fluid catalytic crac
Read moreRefinery Status: BP Texas City FCCU Hits Snag, -2-
8th Jul 2010 13:58
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 moreOptimism fades over early BP relief well
8th Jul 2010 12:03
BP is desperately hoping its first relief well will be finished by the time it reports second quarter results on 27 July and could have good news as early as the 20th, though much will depend on a mild hurricane season. The company, currently busy buttering up sovereign wealth funds in the Middle E
Read moreThursday newspaper round-up: Prudential, banks, BP
8th Jul 2010 06:39
Leading shareholders in the Prudential were considering last night whether to back Sir Richard Lapthorne, the controversial Cable & Wireless boss, as the insurer's next chairman. Sir Richard, who has held discussions with investors over the past three weeks, wants the job if he gets sufficient suppo
Read moreBP CEO Happy For Abu Dhabi To Buy 10% Stake-Source
8th Jul 2010 04:54
(This item was originally published Wednesday.) By Nour Malas Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--BP PLC's (BP.LN) chief executive Tony Hayward is happy to see Abu Dhabi buy a stake of up to 10% in the U.K. company that's struggling to cap an oil spill disaster in the Gulf of Me
Read moreACCC: To Allow Continued Joint Marketing By NW Shelf Partners
8th Jul 2010 04:53
MELBOURNE (Dow Jones)--The Australian Competition & Consumer Commission said Thursday it planned to allow joint-venture partners in the North West Shelf Gas Project to continue to market their product on a joint basis in Western Australia state. The competition watchdog said in a statement that
Read moreTropical Depression Forms; Warnings Issued For Texas, Mexico -NWS
8th Jul 2010 04:41
DOW JONES NEWSWIRES The second tropical depression of the Atlantic storm season has formed over the western Gulf of Mexico and tropical storm warnings have been issued for the area, the U.S. National Weather Service said Thursday in an advisory. Authorities have issued warnings for parts of
Read moreUPDATE: BP Investigating Resignation Of Oil Traders In Singapore
8th Jul 2010 03:03
SINGAPORE (Dow Jones)--BP PLC (BP) is investigating the reasons behind the resignation of some of its traders in Singapore in the "last few weeks," a company spokeswoman said Thursday. The company will share more details in due course, the spokeswoman said when asked to comment on a report in th
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