Environmental Groups Seek Judge's Removal On Drilling Moratorium Case
2nd Jul 2010 20:13
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 Obama's administration six-month ban on deepwater drilling. In a
Read moreUPDATE: Total CEO: Now's Not The Time To Be Eying BP Assets
2nd Jul 2010 19:19
(Adds background and additional comment from de Margerie.) AIX-EN-PROVENCE, France (Dow Jones)--Total SA (TOT, FR.FR) Chief Executive Christophe de Margerie Friday said now isn't the moment to be looking to cherry-pick assets from BP PLC (BP, BP.LN), which is suffering the fallout from its oil s
Read moreTotal CEO: Now's Not The Time To Be Eying BP Assets
2nd Jul 2010 19:02
AIX-EN-PROVENCE, France (Dow Jones)--Total SA (TOT, FR.FR) Chief Executive Christophe de Margerie Friday said now isn't the moment to be looking to cherry-pick assets from BP PLC (BP, BP.LN), which is suffering the fallout from its oil spill in the Gulf of Mexico. To do so without the company fi
Read moreCoast Guard:Louisiana Braces For More Storms As It Contains Spill
2nd Jul 2010 19:00
HOUSTON (Dow Jones)--Louisiana is still feeling the effects of the remnants of Hurricane Alex, and efforts to prevent oil from reaching the state's inland ecosystems could be further delayed by thunderstorms forecast this weekend, a U.S. Coast Guard admiral said Friday. Adm. Paul Zukunft said he
Read moreCORRECT: Coast Guard: Lightning Strikes On People, Rig Preceded Alex
2nd Jul 2010 18:23
(A headline published at 13:03 ET misstated when the lightning strikes occurred) (MORE TO FOLLOW) Dow Jones Newswires July 02, 2010 13:23 ET (17:23 GMT)
Read moreUS EQUITIES WEEK AHEAD: Retail Sales, Holiday, Airline Talks
2nd Jul 2010 18:16
By Kathy Shwiff Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Retailers are expected to report a 3.4% increase in June same-store sales next week. Meanwhile, markets, many businesses and government offices will be closed Monday to observe the Independence Day holiday. Congress will be on
Read moreNOAA: Probability Oil Will Travel Up East Coast Is Low
2nd Jul 2010 17:18
DOW JONES NEWSWIRES The probability of oil from the Deepwater Horizon disaster in the Gulf of Mexico traveling up the Eastern seaboard is small, the National Oceanic and Atmospheric Administration said Friday as it disclosed the results of 500 different computer models. Meanwhile, rough sea
Read moreFTSE 100 movers: Oil firms in demand
2nd Jul 2010 17:09
The potential bid for Dana Petroleum appears to have encouraged buying in its larger oil and gas peers. Tullow Oil and Cairn Energy lead the Footsie risers. BP, though, is going the other way as it considers what it can sell to help pay for the Gulf of Mexico spill. The Australian government's d
Read moreLondon close: Stocks cling on to gains
2nd Jul 2010 16:57
Leading shares went into a swoon in the final two hours of the trading session, taking their lead from the US which, after spending a while to analyse the non-farm payrolls data, moved lower. Despite coming off the top in late afternoon Footsie finished the day in positive territory, largely due t
Read moreEnergy-Sector Stocks Cling To Gains As Crude-Oil Slips
2nd Jul 2010 16:37
By Catherine Carlock Oil and gas stocks clung to slim gains early Friday, holding their ground as crude-oil prices moved lower. For the week, however, the sector is looking at declines of 4% or more. The NYSE Arca Oil Index rose 0.3% to 882.46 points. Anadarko Petroleum Corp. (APC) led the
Read moreStorm Still Fouling BP Oil Spill Response In Gulf Of Mexico
2nd Jul 2010 16:23
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 Hurricane Alex made landfall hundreds of miles away from the spill site, the U.S. Coast Guard said Friday. The s
Read moreUK SMALLCAP ROUNDUP: Regal Petroleum Gets Ukraine Injunction
2nd Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps REGAL PETROLEUM PLC (RPT.LN), an oil and gas explorer, Friday got approval to continue drilling and production in the Ukraine after an order halting its
Read moreUS Energy Adviser Browner Backs No Cap For Oil-Spill Liabilities
2nd Jul 2010 14:18
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 removing a cap on damage claims means small companies can't operate offs
Read moreLondon afternoon: Shares recover from US jobs jolt
2nd Jul 2010 14:16
The release of US jobs data checked Footsie's rise, prompting a 25 point fall in a matter of minutes, but the blue-chip index has since resumed its cautious climb. US jobs data for June came in worse than expected overall, but it was a mixed message with the unemployment rate falling to a 12-month
Read moreObama Aide: Offshore Drilling May Be Best For Large Companies
2nd Jul 2010 13:30
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The White House's top energy and climate advisor said companies drilling for oil offshore should be able to pay for any damages caused by spills, even if removing a cap on damage claims means small companies can't operate offshore
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