Anadarko: 4 Gulf Deepwater Production Facilities Shut-In Due To Alex
30th Jun 2010 16:00
HOUSTON (Dow Jones)--Anadarko Petroleum Corp. (APC) said Wednesday it has shut in four deepwater production facilities in the western Gulf of Mexico due to Hurricane Alex, which is expected to make landfall late in the day or early Thursday. The Houston-area company didn't disclosed the amount
Read moreLondon close: Flat finish
30th Jun 2010 15:56
A jumpy start on Wall Street did nothing to steady a volatile Footsie, but despite all the fluctuations the leading index finished hardly changed on the day. London lost 272 points in June, the third monthly decline in a row, and traded a range of well over 400 points. Miners ENRC, Kazakhmys and A
Read moreUS Senate Panel Votes To Eliminate Spill-Liability Cap
30th Jun 2010 15:34
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A U.S. Senate panel on Wednesday voted to remove the cap on damage claims that BP PLC (BP, BP.LN) would have to pay for the Gulf of Mexico oil spill. The Senate Environment and Public Works Committee approved the measure by
Read moreFTSE 100 movers: Oil companies head higher
30th Jun 2010 15:29
Oil companies are back in favour today as investment banks try to generate fees by suggesting that BP could be taken over. JPMorgan Cazenove suggests Exxon Mobil as a potential suitor. Meanwhile, the FT says Anadarko, a 25% partner to BP on the Macondo prospect in the Gulf of Mexico, approved seve
Read moreBP Reports Planned Flaring Event At California Refinery
30th Jun 2010 15:12
NEW YORK (Dow Jones)--Flaring will be visible at BP PLC's (BP, BP.LN) refinery in Carson, California, for three days, starting at around 7:35 p.m., PDT Wednesday, according to a filing to California state environmental regulators. While the cause of the flaring is not listed, the report to the S
Read moreApache: Gulf Shut-In Output Up To 6,000 B/D Oil, 110 MMcf/D Gas Due To Alex
30th Jun 2010 14:56
HOUSTON (Dow Jones)--Apache Corp. (APA) said Wednesday it has increased the amount of oil and gas production shut in the Gulf of Mexico due to Hurricane Alex, which is expected to make landfall late in the day or early Thursday. About 6,000 barrels of oil a day and 110 million cubic feet of natu
Read moreRefinery Status -2: Exxon Calif. Plant Normal After Brief Flaring
30th Jun 2010 14:32
MIDWEST BP Toledo, OH 155.0 $400 million upgrade 2012 to start 2010. Valero Memphis, TN 195.0 Fire erupted at a selective hydrogenation unit April 29; it was quickly extinguished.
Read moreRefinery Status: Exxon Calif. Plant Normal After Brief Flaring
30th Jun 2010 14:32
DOW JONES NEWSWIRES The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. An unplanned flaring e
Read moreRefinery Status: Exxon Calif. Plant Normal After -2-
30th Jun 2010 14:32
rates since mid-Dec for economic reasons. Expanded crude gather system 4Q will increase available crude 2010 supplies to refinery by 4Q. (MORE TO FOLLOW) Dow Jones N
Read more2nd UPDATE: BP Shares Surge As Market Digests M&A Prospects
30th Jun 2010 14:24
(Adds details, CDS price.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) shares rose more than 9% in London Wednesday morning as the market reappraised the embattled company's value as a takeover target once the crisis in the Gulf of Mexico subsides, equities tra
Read moreLondon afternoon: Miners spoil the party
30th Jun 2010 14:15
The Footsie turned south over the lunch time session as traders took note of the US stock futures market which indicates US markets will open mixed and miners took a turn for the worse. Anglo-Swedish drugs giant AstraZeneca is still the best performer after it received a favourable US ruling in it
Read moreTNK-BP Seeks To Borrow $1 Billion In New Debt This Year
30th Jun 2010 14:05
MOSCOW (Dow Jones)--Anglo-Russian oil joint venture TNK-BP Ltd., part-owned by BP Plc (BP), Wednesday confirmed plans to tap markets for up to $1 billion by the end of the year, the company's Chief Financial Officer Jonathan Muir said. The company said in March it may borrow between $700 million
Read moreUPDATE: Russia's TNK-BP Eyeing BP Assets Abroad
30th Jun 2010 13:31
(Adds details, background.) By Jacob Gronholt-Pedersen Of DOW JONES NEWSWIRES MOSCOW (Dow Jones)--Russian oil major TNK-BP Ltd.--jointly owned by BP PLC (BP) and a group of Russian businessmen--said Wednesday it would be interested in buying assets from its U.K. shareholder as a platform
Read moreMARKET TALK: CDS On BP Tighten 50BP
30th Jun 2010 13:26
1226 GMT[Dow Jones] Credit default swaps on BP Plc are 49.55 basis points tighter as of 8a.m. EDT, trading at 543.57BP according to CMA DataVision. BP stocks also advanced to 328 pence, a 8.3% rise, after Exxon Mobil Corp. (XOM) and Royal Dutch Shell PLC were cited as possible BP buyers in a researc
Read moreMore US Gulf Oil, Gas Production Being Shut In Due To Alex
30th Jun 2010 12:38
(This article was originally published Tuesday.) By Isabel Ordonez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Oil and gas producers in the U.S. Gulf of Mexico proceeded to shut in several offshore facilities Tuesday as Tropical Storm Alex, expected to become a hurricane later in the da
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