Argentina's Bridas To Have Say Before BP Sells Unit - Source
1st Jul 2010 21:43
By Taos Turner Of DOW JONES NEWSWIRES BUENOS AIRES (Dow Jones)--Argentine oil and gas company Bridas Energy Holdings, or BEH, would have an important say in any move by U.K. oil giant BP PLC (BP, BP.LN) to sell its 60% stake in Argentine unit Pan American Energy. BP has said it wants to
Read moreBP Washington State Plant Ops Not Impacted By Compressor Upset Thu-Source
1st Jul 2010 21:36
NEW YORK (Dow Jones)--Operations at BP PLC's (BP, BP.LN) Cherry Point refinery in Blaine, Wash., weren't affected by a compressor upset Wednesday, a person familiar with the operations said Thursday. A compressor associated with the reformer, a unit that increases octane in gasoline, went offlin
Read moreUS House Removes Liability Caps In Wake Of Oil Spill
1st Jul 2010 21:34
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. House of Representatives passed a bill Thursday that will make it easier for the families of victims of Deepwater Horizon to receive compensation. The bill changes two decades-old laws and then repeals a third law
Read moreTotal CEO: Deep Offshore Drilling Essential Despite BP Spill
1st Jul 2010 21:20
By Geraldine Amiel Of DOW JONES NEWSWIRES PARIS (Dow Jones)--Drilling in deepwater oil fields remains essential in spite of the moratorium in the U.S. Gulf of Mexico following the BP PLC (BP, BP.LN) oil spill, said Total SA (TOT, FP.FR) Chief Executive Christophe de Margerie. Global dema
Read moreBP's Dudley:'Hard To Talk About Limit' To Claims Until Well Plugged
1st Jul 2010 21:12
By Brian Baskin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Estimating the final cost for BP PLC (BP) of the leaking oil well in the Gulf of Mexico won't be possible until after the leak is stopped, the head of the company's spill response said Thursday. "It's hard to talk about a limit
Read moreNorthwest Europe Low-Sulfur Fuel Oil Boosted By Spec Change
1st Jul 2010 20:40
By Reza Amanat Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Low-sulfur fuel oil barge premiums have risen sharply over high-sulfur barges in northwest Europe as the market formally adopts the International Maritime Organization directive to burn higher-quality bunker fuel in the Northwest Eur
Read moreUS: 21.39% Oil, 13.7% Gas Output In Gulf Shut In Due To Alex
1st Jul 2010 19:31
HOUSTON (Dow Jones)--About 21.39% of oil production and about 13.7% of natural-gas production in the Gulf of Mexico remains shut in due to Hurricane Alex, the Bureau of Ocean Energy Management, Regulation and Enforcement said Thursday. Estimated energy production from the Gulf of Mexico as of Ma
Read moreWhite House Decision On Drilling Should Come In Few Days
1st Jul 2010 19:13
By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--White House press secretary Robert Gibbs on Thursday said a decision should come in a few days on whether the government will lift a six-month deepwater-drilling moratorium imposed after the disastrous BP PLC (BP, BP.LN) oil
Read moreBP WATCH: BP's Shares Up Amid Relief Well Optimism
1st Jul 2010 18:09
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP) shares rose in the U.S. and London Thursday as investors grew hopeful that the oil giant may complete the relief wells and ultimately cap the oil spill in the Gulf of Mexico ahead of schedule. BP's Amer
Read moreShell: Production To Be Back To Pre-Storm Levels In 3-5 Days
1st Jul 2010 18:01
DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Royal Dutch Shell PLC (RDSA, RDSA.LN) said Thursday it is redeploying personnel to the producing and drilling facilities it had shut down this week ahead of Hurricane Alex. The company said output would be back to pre-storm levels in three to five da
Read moreMARKET TALK: BP Spill Makes Storm-Related Shut-Ins More Likely
1st Jul 2010 17:35
[Dow Jones] Hurricane Alex "will cast a longer shadow than most seasons' first storms," Peter Beutel, president of the energy advisory firm Cameron Hanover, says, noting that the BP PLC (BP, BP.LN) oil spill in the U.S. Gulf of Mexico has put a spotlight on producers in the U.S. Gulf. He notes that
Read morePRESS RELEASE: BP Reiterates Media Access Policy
1st Jul 2010 17:06
BP Reinterates Media Access Policy Everyone Involved in the Response Effort Should "Feel Free to Talk" to Media about Their Experiences Release Date: 01 July 2010 New Orleans, 1 July 2010 - BP today offered additional guidance and clarification to all personnel to ensure that members of
Read moreRestructuring Experts Brace For Gulf Coast Bankruptcy Filings
1st Jul 2010 17:03
By Rachel Feintzeig Of DOW JONES DAILY BANKRUPTCY REVIEW The white board in Loretta Cross's office is covered with proof that the BP oil spill is starting to take its toll on Gulf Coast businesses. The restructuring professional usually uses the space to jot down the names of a few poten
Read moreUS Coast Guard: Alex Still Hurting Oil-Spill Operations
1st Jul 2010 16:58
HOUSTON (Dow Jones)--The remnants of Hurricane Alex are still disrupting skimming operations and dislodging boom installed to protect coastal states from oil spewing from BP PLC's (BP. LN) Macondo well in the Gulf of Mexico, the U.S. Coast Guard said Thursday. "Operations were severely impacted
Read moreLondon close: Late slump near close
1st Jul 2010 16:34
Leading UK shares lurched downwards near the close as US markets opened poorly as concern grows over the health of Asia and the prospect of a double-dip recession. BP and satellite group Inmarsat were the only blue chips to make progress. BP shares have been on a roll ever since JPMorgan Cazenove i
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