BP Spill May Cost $33 Billion, Bernstein Says -Bloomberg News
8th Jul 2010 02:44
DOW JONES NEWSWIRES The BP PLC (BP) oil spill will likely cost $33 billion--more than earlier forecast--because of higher oil flow rates, research firm Sanford C. Bernstein said in a note, Bloomberg News reported Wednesday on its website. Bernstein also sees "little chance" BP's U.S. assets
Read moreBP Investigating Resignation Of Traders In Singapore - Spokeswoman
8th Jul 2010 02:22
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, said the spokeswoman when asked to comment on a report in t
Read moreMARKET TALK: BHP Interested In Gulf Of Mexico Assets At Right Price - MS
8th Jul 2010 00:30
2330 GMT [Dow Jones] BHP Billiton (BHP.AU) Chief Executive Marius Kloppers has told analysts that if the right assets came up at the right price, the company would increase its exposure to the Gulf of Mexico, according to Morgan Stanley. "That said, he noted during the global financial crisis that c
Read moreBP Oil-Recovery Rate Again Steady Thursday Morning
8th Jul 2010 00:23
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said the rate it captured oil from a broken well in the Gulf of Mexico held steady for another 12 hours Thursday morning. The company retrieved 12,505 barrels of oil during the first half of Thursday, 8,565 barrels of which was collected and 3,940 barr
Read moreAppeals Court Denies White House Bid To Keep Drilling Ban -AP
8th Jul 2010 00:09
DOW JONES NEWSWIRES A federal appeals court in New Orleans on Thursday rejected the U.S. government's effort to maintain a six-month ban on deepwater drilling for oil, the Associated Press reports. A three-judge panel of the 5th U.S. Circuit Court of Appeals ruled soon after an afternoon hea
Read moreAlaska Pipeline Servicer's CEO To Retire Sept 30 -Reuters
7th Jul 2010 23:29
DOW JONES NEWSWIRES The chief executive of Alyeska Pipeline Service Co., which operates the Trans-Alaska Pipeline, said Wednesday that he will retire Sept. 30, Reuters reports. Kevin Hostler took over in 2005 as CEO of Alyeska, whose majority shareholder is oil giant BP PLC (BP, BP.LN) with
Read moreUPDATE: BP Texas City, Texas FCCU Refinery Hits A Snag-Filing
7th Jul 2010 22:38
(Adds information from second filing) HOUSTON (Dow Jones)--A fluid catalytic cracking unit hit a snag early Wednesday at BP PLC's (BP, BP.LN) Texas City, Texas refinery, according to a filing with environmental regulators. The cause is unknown, the filing with the Texas Commission on Enviro
Read moreBP Texas City, Texas FCCU Refinery Hits A Snag-Filing
7th Jul 2010 22:24
HOUSTON (Dow Jones)--A fluid catalytic cracking unit hit a snag early Wednesday at BP PLC's (BP, BP.LN) Texas City, Texas refinery, according to a filing with environmental regulators. The cause is unknown, the filing with the Texas Commission on Environmental Quality said. The Texas City re
Read moreUS HOT STOCKS: Hot Topic Active In Late Trading
7th Jul 2010 22:01
U.S. stocks closed higher Wednesday as the Dow Jones Industrial Average jumped 275 points to 10018, the Standard & Poor's 500 climbed 32 points to 1060 and the Nasdaq Composite gained 66 points to 2159. Among the companies whose shares have been actively trading in the after-hours session is Hot Top
Read moreBP: Likely To Postpone Alaska Liberty Field Drilling To 2011
7th Jul 2010 21:51
By Cassandra Sweet Of DOW JONES NEWSWIRES SAN FRANCISCO (Dow Jones)--BP PLC (BP, BP.LN) will likely postpone exploratory drilling at the Liberty field off Alaska's coast until next year as the company responds to inquiries from federal and state regulators about the safety of the enterprise,
Read moreHEARD ON THE STREET: No Sovereign Heard For BP
7th Jul 2010 20:05
By Liam Denning A DOW JONES COLUMN BP's relief wells in the Gulf of Mexico are running ahead of schedule. But some investors hope deliverance will come sooner from sovereign wealth funds. The logic is fuzzy. BP says it won't issue new equity to help pay for cleanup costs in the Gulf. If
Read moreCoast Guard: Still Discussing Whether Or Not BP Will Switch Cap
7th Jul 2010 19:43
DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) and government officials are still discussing whether or not the oil giant will replace the cap that is allowing the capture of some oil flowing from the broken Macondo well, the U.S. Coast Guard said Wednesday. BP had originally p
Read moreBP WATCH: BP's Shares Rise On Hopes For Abu Dhabi To Buy Stake
7th Jul 2010 18:34
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP) shares rose in the U.S. and in London Wednesday, extending their recent winning streak, as investors grew hopeful that a meeting between Chief Executive Tony Hayward and Abu Dhabi's powerful Crown Prince Mo
Read moreUPDATE: BP CEO Intensifies International Charm Offensive
7th Jul 2010 18:27
(Updates with airport officials in Abu Dhabi saying Hayward was prepared to board a flight for Angola) By James Herron and Nour Malas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP, BP.LN) Chief Executive Tony Hayward intensified Wednesday what one BP investor described as an inte
Read moreUS HOT STOCKS: FTI Consulting, State Street, Family Dollar
7th Jul 2010 18:20
U.S. stocks traded higher Wednesday. The Dow Jones Industrial Average rose 1.9% to 9925, the Standard & Poor's 500 climbed 2% to 1049 and the Nasdaq Composite gained 1.7% to 2129. Among the companies whose shares are actively trading in the session are FTI Consulting Inc. (FCN), State Street Corp. (
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