Sunday newspaper round-up: BP, Goldman, Aston Martin
4th Jul 2010 12:28
Investors are braced for a clear-out of BP's leadership once its leaking oil well in the Gulf of Mexico is capped, which could come in the next few weeks, according to several leading shareholders and people close to the group.. Carl-Henric Svanberg, the Swedish chairman, is being singled out for c
Read moreBP Didn't Use Industry Risk Test For US Oil Wells - Report
4th Jul 2010 11:53
LONDON (Dow Jones)--Oil major BP PLC (BP) told The Sunday Telegraph it didn't use an industry standard process to assess risk on any of its U.S. oil wells, the paper reports Sunday. The procedure, known as a safety case, was developed after the Piper Alpha oil rig explosion in 1988. Royal Du
Read moreBP Launches Search For Strategic Investor - Newspaper
4th Jul 2010 11:38
LONDON (Dow Jones)--Oil major BP PLC (BP) has launched a search for a strategic investor to help secure its independence as it moves to defend itself against potential takeover bids, according to the Sunday Times. The company's advisers are trying to drum up interest among rival oil groups and s
Read moreGulf Oil Spill Clean-up Resumes In Some Areas
4th Jul 2010 08:05
NEW ORLEANS (AFP) -- Clean-up work gathered speed in some areas of the Gulf of Mexico oil spill Sunday, but heavy swells kept many boats docked, halting efforts to fight the ecological disaster. A Taiwanese mega-skimmer dubbed the "A Whale" was in position near the site of the leak and set to un
Read moreMideast Investors Mull Strategic Investment In BP - Report
4th Jul 2010 07:25
DUBAI (Zawya Dow Jones)--Middle East investors are considering a strategic investment in BP PLC as the oil major continues to battle an oil spill in the Gulf of Mexico, Abu Dhabi-based The National reports Sunday. BP's financial advisors in London have already received proposals from regional fi
Read moreUPDATE: US Oilspill Commission Sets First Meeting, Recovery Efforts Continue
4th Jul 2010 00:27
(Adds updated oil-collection figures from BP.) 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 wea
Read moreUPDATE: BP Oil-Recovery Rates Hold Steady As Storm Subsides
3rd Jul 2010 23:38
(Updates with latest oil-collection figures and comments from Coast Guard official.) By Anna Raff Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said the rate at which it was recovering oil was holding steady as a large skimming vessel is undergoing preparations in the Gulf of Mexico. The
Read moreFrom: Deepwater Horizon Response External Affairs - MEDIA ADVISORY-Procedures Established For Media to Access Safety Zones On A Case-By-Case Basis
3rd Jul 2010 16:22
DATE: July 03, 2010 10:17:05 CST MEDIA ADVISORY-Procedures Established For Media to Access Safety Zones On A Case-By-Case Basis Key contact numbers * Report oiled shoreline or request volunteer information: (866) 448-5816 * Submit alternative response technology, services or products: (281) 366-
Read moreBP Braced For Shake-Up At Top -FT
3rd Jul 2010 12:01
LONDON (Dow Jones)--Investors are braced for a clearout of BP PLC's (BP, BP.LN) leadership once its leaking oil well in the Gulf of Mexico is capped, which could come in the next few weeks, the Financial Times in London reported on Saturday, citing several leading shareholders and people close to th
Read moreSupertanker Skims Oil As Spill Now Worst Accident On Record
3rd Jul 2010 11:23
NEW ORLEANS (AFP)--A Taiwanese supertanker skimmed oil from the Gulf of Mexico on Saturday as the monthslong disaster became the worst accidental spill on record. Rough seas and strong winds continued to delay cleanup efforts, displace protective booms and push the oil deeper into fragile coasta
Read moreMitsui Asked By BP To Shoulder $111M Oil Recovery Cost--Report
3rd Jul 2010 03:06
TOKYO (Dow Jones)--Mitsui & Co. (MITSY, 8031.TO) has been asked by BP PLC (BP, BP.LN) to shoulder about $111 million of the cost for recovering oil from the broken well in the Gulf of Mexico, Asahi Shimbun reported in its Saturday morning edition. The Tokyo-based trading company has a 10% stake
Read moreRough Seas Halt Gulf Spill Clean-Up As Crews Test Mega-Skimmer
3rd Jul 2010 00:31
NEW ORLEANS (AFP)--Six-foot waves kept clean-up boats docked again Saturday, halting efforts to fight the Gulf of Mexico oil spill, as officials hoped a supertanker could skim more leaked crude faster. A Taiwanese mega-skimmer dubbed the "A Whale" was in position near the site of the leak and se
Read moreUPDATE: Groups Seek Judge's Removal In Drilling-Moratorium Case
2nd Jul 2010 21:56
(Includes legal analysis and background of moratorium lawsuit.) By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Citing alleged financial conflicts, environmental groups on Friday asked U.S. District Court Judge Martin Feldman to suspend his recent decision to block the O
Read moreUPDATE:US Energy Adviser Backs No Cap For Oil-Spill Liabilities
2nd Jul 2010 21:52
(Updates to reflect that video interview has been posted, adds details.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The White House's top energy and climate adviser said companies drilling for oil offshore should be able to pay for any damages caused by spills, even if
Read moreUPDATE: Storm Still Fouling BP Oil Spill Response In Gulf
2nd Jul 2010 21:27
(Updates with details, including more on skimming operation delays) By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Rough seas and winds continue to disrupt spill responders' efforts to contain the oil gushing from BP PLC's (BP, BP.LN) well in the Gulf of Mexico two days after
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