MARKET TALK: Benchmark Cuts BP Target, Sees Early '11 Dividend
2nd Jul 2010 12:47
7:47 (Dow Jones) Benchmark Co. says BP management intends to restore its $3.36 per ADR dividend in early '11, and pay "a very substantial fraction, if not all," of the lost '10 dividend at that time. Firm bases its judgment on language used by BP in discussing the dividend move. Also cuts its BP pri
Read moreMARKET TALK: Benchmark Cuts BP Target, Sees Early '11 Dividend
2nd Jul 2010 12:47
7:46 (Dow Jones) Benchmark Co. says BP management intends to restore its $3.36 per ADR dividend in early '11, and pay "a very substantial fraction, if not all," of the lost '10 dividend at that time. Firm bases its judgment on language used by BP in discussing the dividend move. Also cuts its BP pri
Read moreGasoline Prices Headed Lower But Unclear If Travel Will Rise
2nd Jul 2010 12:36
(This article was originally published Thursday.) By Naureen S. Malik Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Gasoline futures dropped below $2 a gallon Thursday, good news for U.S. drivers heading into the busy July 4 travel weekend. However, even with the expectation that pri
Read moreUK SMALLCAP ROUNDUP: Ceres Power's Boiler Trials Delayed Again
2nd Jul 2010 12:30
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 CERES POWER HOLDINGS PLC (CWR.LN), a fuel cell company, Friday announced another delay to the trial of its combined heat-and-power boilers in people's ho
Read moreUPDATE: Mediterranean Oil & Gas, Petroceltic Face Drill Ban
2nd Jul 2010 10:07
(Adds detail on Petroceltic and Northern Petroleum, analyst comment.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. oil and gas company Mediterranean Oil & Gas PLC (MOG.LN) and Irish peer Petroceltic International PLC (EG5.DB) were Friday considering where to drill new
Read moreFriday newspaper round-up: BP, Global economy, Dana
2nd Jul 2010 06:45
Fears of an economic relapse across the world have begun to stalk markets again after pending homes sales in the US crashed by a third and a slew of weak data from China and Japan sent bourses tumbling across Asia, the Telegraph reports. The credit system is once again flashing warnings of extreme
Read moreBP Oil Recovery Rate Falls Thursday Morning
2nd Jul 2010 04:21
DOW JONES NEWSWIRES BP PLC (BP) said the rate it captured oil from a broken well in the Gulf of Mexico dropped Thursday morning, as swells and lightning as Hurricane Alex passed by the area. The oil giant said it retrieved 11,485 barrels of oil during the first 12 hours of Thursday, 7,400
Read moreCORRECT: Gasoline Prices Headed Lower But Unclear If Travel Will Rise
2nd Jul 2010 02:12
("=Gasoline Prices Headed Lower But Unclear If Travel Will Rise," at 6:03 p.m. EDT, misstated the gasoline futures month in the 13th paragraph. The correct version follows:) By Naureen S. Malik Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Gasoline futures dropped below $2 a gallon Thurs
Read moreUPDATE:US House Panel Votes To Discard $75M Spill-Liability Cap
2nd Jul 2010 01:00
(Updates with more details throughout.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A U.S. House panel on Thursday voted to remove a cap on damages that BP PLC (BP, BP.LN) and other oil companies must pay for spills like the one in the Gulf of Mexico, as part of th
Read moreBP Oil Retrieval Rate Slips Friday Morning
2nd Jul 2010 00:07
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said the rate at which it recovered oil from a broken well in the Gulf of Mexico dropped somewhat Friday morning. The oil giant said it retrieved 12,820 barrels of oil during the first 12 hours of Friday, 8,665 barrels of which were collected and 4,155
Read moreUS House Panel Votes To Discard $75M Spill-Liability Cap
1st Jul 2010 23:21
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A U.S. House panel on Thursday voted to remove a cap on damages that BP PLC (BP, BP.LN) and other oil companies must pay for spills like the one in the Gulf of Mexico, as Congress steps up oversight of offshore drilling as the
Read moreEPA Gives BP Waste-Management Directive
1st Jul 2010 22:48
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. authorities Thursday announced plans to step up oversight of BP PLC (BP, BP.LN)'s management of oil, contaminated materials and wastes recovered from cleanup operations in the Gulf of Mexico. The U.S. Environmental Pro
Read moreEnvironmental Groups Try To Stop BP Project In Alaska
1st Jul 2010 22:38
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Several environmental groups have asked U.S. Interior Secretary Ken Salazar to deny BP PLC's (BP) application to drill for the Liberty production drilling projects in Alaska's Beaufort Sea. In a July 1 letter to Salazar, t
Read moreUPDATE:Obama Administration To Decide On Oil Moratorium In A Few Days
1st Jul 2010 22:12
(Updates with comments from Thad Allen and background.) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--White House Press Secretary Robert Gibbs on Thursday said that in a few days the government would make a decision on how to move forward with a moratorium on deepwate
Read moreBP Hands Over Colombia's Cupiagua Oil Field To Ecopetrol
1st Jul 2010 22:05
BOGOTA (Dow Jones)--After 28 years of joint administration, BP PLC (BP, BP.LN) Thursday handed over the operation of the Cupiagua field in Colombia to its partner, state-controlled oil firm Ecopetrol SA (ECOPETROL.BO). BP had operated the field and had a 31% stake in the venture, while Ecopetrol
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