BP: Won't Issue New Equity To Cover Gulf Oil Spill Costs
6th Jul 2010 09:02
LONDON (Dow Jones)--BP PLC (BP) won't issue new equity to raise money to cover the costs of the oil spill in the Gulf of Mexico, a company spokeswoman said Tuesday. BP would welcome it if any existing shareholders or new investors want to expand their holding in the company, she said. BP's share
Read moreLondon open: Miners race away
6th Jul 2010 08:54
Miners and oil groups have sent Footsie racing ahead this morning. BP is again leading the way. It has denied looking to raise new money from sovereign wealth funds, but is just highlighting its strengths to potential investors. Tullow Oil has had a "very good" first half during which production
Read moreBP's Tony Hayward Visiting Azerbaijan Tuesday
6th Jul 2010 08:19
MOSCOW (Dow Jones)--BP PLC's (BP) Chief Executive Tony Hayward was visiting Azerbaijan Tuesday, amid speculation the company may sell some assets to pay for oil spill damage in the Gulf of Mexico. "Tony Hayward has a planned, one-day working visit to Azerbaijan," BP Azerbaijan spokesman Tamam Ba
Read moreMARKET TALK: Royal Bank of Scotland Upgrades BP To Buy
6th Jul 2010 07:49
0649 GMT [Dow Jones] Royal Bank of Scotland upgrades BP (BP.LN) to buy from hold, but cuts its price target at 455p from 595p. Says a decline in BP's value of $60B relative to closest peers since the Macondo oil spill blowout has created a favorable risk/reward balance. Expects the first relief well
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
6th Jul 2010 07:49
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0649 GMT [Dow Jones] Royal Bank of Scotland upgrades BP (BP.LN) to buy from hold, but cuts its price target at 455p from 595p
Read moreBP Can Meet Oil Spill Costs Without Issuing New Shares - Paper
6th Jul 2010 07:39
LONDON (Dow Jones)--Oil major BP PLC (BP.LN) can meet the costs of its oil spill without issuing new shares, rejecting recent speculation that it was seeking a bail out from a strategic investor, the Financial Times Tuesday reports the oil company as saying. The company has launched an appeal fo
Read moreTuesday newspaper round-up: OBR, Sibir Energy, BP
6th Jul 2010 06:33
In a shock move the head of the Government's spending watchdog Sir Alan Budd is to step down after barely three months in the job. The man tasked by George Osborne to lead the economic charge to bring public finances back in order has told the Chancellor he intends to step down at the end of this m
Read moreBP Asks Europe Ops Not To Refuel Iran Airlines-Sources
6th Jul 2010 04:47
(This item was originally published Monday.) LONDON (Dow Jones)--BP PLC (BP, BP.LN) has instructed its European operations not to refuel Iranian airlines after U.S. President Barack Obama signed sanctions targeting Iran's gasoline supplies, people familiar with the matter said Monday. The ba
Read moreLibya Oil Chief Urges Libyan Stake In BP
6th Jul 2010 04:44
(This item was originally published Monday.) By Tahani Karrar-Lewsley Of ZAWYA DOW JONES DUBAI (Zawya Dow Jones)--BP PLC (BP) shares rose 5.6% Monday to lead London's FTSE100 index after Libya's top oil official told Zawya Dow Jones his country should buy a strategic stake in the British
Read moreTar Balls Along Texas Coast Are From Deepwater Horizon -Response Center
6th Jul 2010 03:40
DOW JONES NEWSWIRES Tar balls collected in Texas came from the Deepwater Horizon oil spill in the Gulf of Mexico, but it is unclear how the material got to Texas, the Deepwater Horizon Unified Response said in a statement. Following laboratory tests, very small tar balls discovered in surf
Read moreBP: 8,340 Barrels Of Oil Collected Over First Half Of July 5
6th Jul 2010 03:33
NEW YORK (Dow Jones)--BP PLC (BP) said it recovered 12,435 barrels of crude oil from its leaking well in the Gulf of Mexico during the first half of Monday, in line with previous collection rates. Between midnight and noon, 8,340 barrels were captured and stored aboard the Discoverer Enterprise
Read moreOil Reported In Louisiana's Lake Pontchartrain - Officials
6th Jul 2010 02:45
DOW JONES NEWSWIRES Observers reported a sheen and tar balls in Louisiana's Lake Pontchartrain on Monday, the Deepwater Horizon Unified Response team said in a statement. Crews deployed about 600 feet (200 meters) of boom to prevent more oil from getting into the lake, the statement said.
Read moreUK Government Preparing For Worst As BP Spill Fears Grow -Report
6th Jul 2010 02:17
DOW JONES NEWSWIRES The U.K. government is making contingency plans for a possible collapse of BP PLC (BP) as worries grow over the Gulf of Mexico oil spill, U.K. newspaper The Times reported Tuesday, without directly citing sources. Talks led by Department for Business and Treasury officia
Read moreBP Oil Recovery Rate Remains Steady Tuesday Morning
6th Jul 2010 00:19
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said the rate at which it captured oil from its leaking well in the Gulf of Mexico basically held steady Tuesday morning. The news comes as BP continues the process of hooking up a new oil-collecting vessel that should roughly double the company's capa
Read more2nd UPDATE:BP Asks Europe Ops Not To Refuel Iran Airlines-Sources
5th Jul 2010 20:27
(Updates with background.) LONDON (Dow Jones)--BP PLC (BP, BP.LN) has instructed its European operations not to refuel Iranian airlines after U.S. President Barack Obama signed sanctions targeting Iran's gasoline supplies, people familiar with the matter said Monday. The ban by one of Europ
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