London midday: Stocks tread water
5th Jul 2010 12:17
The London stock market ended the morning little changed, with the general air of lethargy reinforced by the absence of any directional input from the US market, which is closed today. BP is the strongest blue chip on reports that the governments of Kuwait, China and Singapore could inject funds un
Read moreLouisiana Resumes Oil Skimming After Hurricane Alex
5th Jul 2010 12:04
NEW ORLEANS (AFP)--Efforts to clean up the Gulf of Mexico oil spill gathered steam Monday after Hurricane Alex prompted a five-day shutdown, amid new questions over how BP PLC (BP) would pay for the mounting costs. Cleanup workers arrived back on Grand Isle, La. by the hundreds, spilling off sch
Read more3rdUPDATE: Libyan Oil Chief:Country's SWF Should Buy Stake In BP
5th Jul 2010 10:52
(Adds background.) DUBAI (Zawya Dow Jones)--Libya should buy a strategic stake in BP PLC (BP.LN) to take advantage of its weak share price following the giant oil spill from one of its wells in the Gulf of Mexico, the country's top oil official told Zawya Dow Jones. Shokri Ghanem, Chairman
Read more2ndUPDATE: Libyan Oil Chief:Country's SWF Should Buy Stake In BP
5th Jul 2010 10:05
(Adds BP comment.) DUBAI (Zawya Dow Jones)--Libya should buy a strategic stake in BP PLC (BP.LN) to take advantage of its weak share price following the giant oil spill from one of its wells in the Gulf of Mexico, the country's top oil official told Zawya Dow Jones. Shokri Ghanem, Chairman
Read moreUPDATE: Libyan Oil Chief: Country's SWF Should Buy Stake In BP
5th Jul 2010 09:49
(Adds share price, analyst comment, details.) DUBAI (Zawya Dow Jones)--Libya should buy a strategic stake in BP PLC (BP.LN) to take advantage of its weak share price following the giant oil spill from one of its wells in the Gulf of Mexico, the country's top oil official told Zawya Dow Jones.
Read moreLibyan Oil Chief Says Country's SWF Should Buy Stake In BP
5th Jul 2010 09:16
DUBAI (Zawya Dow Jones)--Libya should buy a strategic stake in BP PLC (BP.LN) to take advantage of its weak share price following the giant oil spill from one of its wells in the Gulf of Mexico, the country's top oil official told Zawya Dow Jones. Shokri Ghanem, Chairman of Libya's Nation Oil Co
Read moreBP:Gulf Oil Spill Response Costs, Claims Total $3.12B To Date
5th Jul 2010 08:51
By Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Oil major BP PLC (BP.LN) said Monday the cost of the response to the Gulf of Mexico oil spill so far is $3.12 billion, as it ramps up oil-containment efforts following storm surges caused by Hurricane Alex. The cost figure inc
Read moreLondon open: Slow start for Footsie
5th Jul 2010 08:42
Early gains for Footsie have disappeared quickly in the face of a poor start for the miners and the absence later on of Wall Street, closed for Independence Day. BP is one of the gainers on reports the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore
Read moreBP looks for investors, shares bounce
5th Jul 2010 07:36
Shares in BP closed almost 4% higher on Monday on reports that the governments of Kuwait, China and Singapore could inject funds under a £6bn plan designed to shore up the oil group's finances in the wake of the Gulf disaster. The cost of the clean-up has now exceeded $3bn, up from $2.65bn a week
Read moreBP Cost Of The Response To Date $3.12B, Collects 585,400 Barrels
5th Jul 2010 07:21
LONDON (Dow Jones)--BP PLC (BP.LN), a oil and gas company, announced Monday for the MC252 oil well incident in the Gulf of Mexico, that to date, the total volume of oil collected or flared by the containment systems is 585,400 barrels and the cost of the response to date amounts to $3.12 billion.
Read moreMonday newspaper round-up: Sterling, BP, KKR
5th Jul 2010 06:33
Financial betting against the pound has fallen significantly since the emergency Budget - with hedge funds and speculators closing their positions that anticipated further falls in the value of sterling. In the seven days following the emergency Budget, the number of short positions in sterling fel
Read moreFrom: Deepwater Horizon Response External Affairs - Statement On Concerns About Recently Enacted Safety Zones
5th Jul 2010 03:22
DATE: July 04, 2010 20:56:58 CST Statement on concerns about recently enacted safety zones Key contact numbers Report oiled shoreline or request volunteer information: (866) 448-5816 * Submit alternative response technology, services or products: (281) 366-5511 * Submit your vessel for the Vesse
Read moreUS Expands No-Fishing Zone In Gulf Of Mexico Over Oil Spill
5th Jul 2010 01:01
DOW JONES NEWSWIRES The U.S. government has expanded its no-fishing zone in the Gulf of Mexico to 33.5% of federal waters after the oil slick caused by the undersea gusher to be "moving beyond the area's current northwestern boundary," the National Oceanic and Atmospheric Administration said.
Read moreTar Balls Washing Up On Texas Beaches -US Coast Guard
5th Jul 2010 00:53
WASHINGTON (AFP)--The U.S. Coast Guard said Monday that tar balls were spotted this weekend along the Texas shore, and that tests were underway to determine if they were from the massive BP PLC (BP) oil spill in the Gulf of Mexico. "We immediately commenced cleanup operations and sent samples fo
Read moreUS Oilspill Commission Sets First Meeting, Recovery Efforts Continue
4th Jul 2010 17:39
By Anna Raff Of DOW JONES NEWSWIRES A U.S. presidential commission formed to evaluate the causes of the massive Gulf of Mexico oil spill has set its first public meeting, as oil-containment efforts ramp up following last week's turbulent weather. The commission will "hear directly from t
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