Nigeria Ex-Militant:Unrest May Restart If Spill Issues Unresolved
7th Jul 2010 18:17
By Benoit Faucon Of DOW JONES NEWSWIRES LONDON (Dow Jones)--A former militant leader has warned conflict could restart in Nigeria's Niger Delta because of the way oil spills are compensated, alleging the payments from oil companies are benefiting elites and not the population. But oil ma
Read moreEurope Should Freeze Deep Water Drilling - Top Official
7th Jul 2010 18:00
STRASBOURG (AFP)--Europe should freeze new deepwater drilling until the causes of the rig explosion that triggered the oil spill in the Gulf of Mexico are known, a top EU official said Wednesday. EU Energy Commissioner Guenther Oettinger said governments need to make sure that the energy industr
Read moreGulf Spill Relief Well May Reach Target In 2 Weeks -BP Contractor
7th Jul 2010 17:26
HOUSTON (Dow Jones)--BP Plc's (BP) attempt to permanently kill a leaking deep-water well in the U.S. Gulf of Mexico is progressing well ahead of schedule and could reach its target within two weeks, a BP contractor said Wednesday. Billy Brown, president of Blackhawk Specialty Tools, said that t
Read moreWeather Hampers Containment Efforts At Gulf Oil Spill Site
7th Jul 2010 16:36
NEW ORLEANS (AFP)--Bad weather dashed hopes Wednesday that a third ship could be hooked up to a system capturing leaking oil from the Gulf of Mexico spill, amid reports BP was seeking foreign financial support. Crews on Tuesday began hooking up the Helix Producer ship to a system that captures s
Read moreLondon close: Back above 5,000
7th Jul 2010 16:21
Britain's banks staged an impressive turnaround Wednesday that helped carry London out of the red and onto a second day of very respectable gains. High street lenders were unsettled early on as investors waited for details on the nature of European stress tests for about 100 banks. Last-minute hagg
Read more4thUPDATE:BP CEO Happy For Abu Dhabi To Buy 10% Stake-Source
7th Jul 2010 15:32
(Adds Hayward and Mubadala comment, detail) 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 Mexic
Read moreFTSE 100 movers: M&S falls after trading statement
7th Jul 2010 15:27
Marks & Spencer heads the fallers following its trading statement. M&S reported a 3.6% rise in UK like-for-like sales in the first quarter, but is cautious about the outlook for consumer confidence and spending. Like-for-like sales in general merchandise, which includes clothing, were up 6% in the
Read moreBP CEO Intensifies International Charm Offensive In Abu Dhabi
7th Jul 2010 15:22
By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) Chief Executive Tony Hayward intensified Wednesday what one BP investor described as an international "charm offensive" aimed a reassuring key local partners and encouraging deep-pocketed investors to see the value in BP
Read moreMARKET TALK: Moratorium Could Kill Small Drilling Cos -Exec
7th Jul 2010 15:19
10:19 (Dow Jones) Large offshore drilling companies have pockets deep enough to weather a six-month temporary offshore drilling moratorium, but small companies are at risk of folding, says Pride International (PDE) CEO Lou Raspino. "We're going to see companies go out of business," Raspino says at m
Read moreBP's Hayward Leaves Abu Dhabi After Visit To Partners
7th Jul 2010 14:47
ABU DHABI (Zawya Dow Jones)--BP PLC's (BP.LN) chief executive Tony Hayward left Abu Dhabi on Wednesday but gave little away about the purpose of his visit to the oil-rich Persian Gulf emirate that's being cast as a potential investor in the struggling U.K. company. "We are very delighted to mee
Read moreLondon afternoon: Banks help retrace losses
7th Jul 2010 14:26
London's leading shares have retraced most of the earlier losses as Wall Street starts with some modest gains. Wall Street was expected to begin jittery but moved ahead with tech stocks leading the advance. Banks, which were lower earlier in the day, have now retraced those losses. Lloyds and HSB
Read moreRefinery Status: Conoco Bayway Has Heat Related Problems
7th Jul 2010 14:22
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. ConocoPhillips (COP) h
Read moreRefinery Status: Conoco Bayway Has Heat Related -2-
7th Jul 2010 14:22
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 Arthur 325.0 77,000-b/d FCCU at reduced n/a
Read more3rdUPDATE:BP CEO Happy For Abu Dhabi To Buy 10% Stake - Source
7th Jul 2010 13:28
(Adds analyst comments.) 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 Mexico after meeting wit
Read moreMARKET TALK: BP Not Lacking For Potential SWF Backers -EnergyQuote
7th Jul 2010 13:15
1215 GMT [Dow Jones] There's considerable potential for resource rich countries, with vast sovereign wealth, like Libya, Kuwait or Abu Dhabi, to invest in BP (BP), says John Hall, chairman of EnergyQuote. But a "serious bidder for BP or any part of it will no doubt require absolute secrecy and discr
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