UPDATE: More US Gulf Oil, Gas Production Being Shut In Due To Alex
30th Jun 2010 01:43
(Update to add official statistics on oil, gas production shut-in due to storm) 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 beco
Read moreMMS: 24.74% Of Gulf Oil Production Shut-in Due To Storm
30th Jun 2010 01:33
HOUSTON (Dow Jones)--About 24.74% of oil production and about 9.38% of natural gas production in the Gulf of Mexico has been shut-in due to Tropical Storm Alex, the Bureau of Ocean Energy Management, Regulation, and Enforcement said Tuesday. Estimated energy production from the Gulf of Mexico as
Read moreBP Says Lightning Storms Held Back Oil Recovery Wednesday Morning
30th Jun 2010 00:28
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said the rate it captured oil from a broken well in the Gulf of Mexico dropped Wednesday morning because of lightning storms. Though the underwater oil-recovery operations weren't in Hurricane Alex's direct path, the storm system is nonetheless churnin
Read moreAnadarko Approved Of Key Aspects Of BP's Well Design -FT
29th Jun 2010 23:50
DOW JONES NEWSWIRES Anadarko Petroleum Corp. (APC) approved several aspects of BP PLC's (BP, BP.LN) designs for the Deepwater Horizon oil rig involved in the catastrophic leak in the Gulf of Mexico, the Financial Times reports Tuesday on its website, citing senior executives at both companies.
Read moreUPDATE:BP Seeks To Soften Spill's Financial Blow On Its Fuel Retailers
29th Jun 2010 22:18
(Adds comment from BP spokesman in the fifth and seventh paragraphs.) By Naureen S. Malik Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC (BP) is expanding financial incentives to its branded fuel marketers facing reduced sales and boycotts as public outrage spreads over the Gulf of
Read moreCORRECT: Apache: Gulf Shut-In Output Up To 5,500 B/D Oil, 40 MMcf/D Gas
29th Jun 2010 22:03
("Apache: Gulf Shut-In Output Up To 5,500 B/D Oil, 40 MMcf/D Gas," at 4:51 p.m. EDT, misstated the amount of oil in the second paragraph. The correct version follows:) HOUSTON (Dow Jones)--Apache Corp. (APA) said Tuesday it has increased the amount of oil and gas production shut in the Gulf of
Read moreBP Seeks To Soften Financial Blow On Its Fuel Retailers
29th Jun 2010 21:59
By Naureen S. Malik Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC (BP) is expanding financial incentives to its branded fuel marketers facing reduced sales and boycotts as public outrage spreads over the Gulf of Mexico oil spill. In addition to covering the marketing costs for dist
Read moreShell Brazil Unit Finds Oil In Campos Basin Presalt Well
29th Jun 2010 21:33
By Jeff Fick Of DOW JONES NEWSWIRES RIO DE JANEIRO (Dow Jones)--The Brazilian unit of Royal Dutch Shell (RDSA, RDSA.LN) discovered oil in the Campos Basin's presalt region, the company said Tuesday. In a statement, Shell Brasil said it had discovered oil in the 3-SHEL-22-ESS well at the
Read moreCourt To Hear Arguments In Drilling Moratorium Case July 8
29th Jun 2010 21:24
By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The next phase in the legal battle over the Obama administration's drilling moratorium is scheduled to take place July 8, when the Fifth U.S. Circuit Court of Appeals hears oral arguments in the administration's motion to freez
Read moreShort Sellers Use Bond Market To Bet Against BP And Anadarko
29th Jun 2010 20:29
By Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Fast-money investors such as hedge funds seeking to bet on further troubles for BP PLC (BP.LN, BP) and Anadarko Petroleum Corp. (APC) have been selling the companies' bonds short rather than using more traditional approaches of buyin
Read moreBP Should Consider Bankruptcy, Restructuring Experts Say
29th Jun 2010 20:21
By Eric Morath Of DOW JONES DAILY BANKRUPTCY REVIEW Given the uncertain nature of the Gulf oil spill and potentially hundreds of billions of dollars in claims facing BP PLC (BP, BP.LN), a panel of bankruptcy experts Tuesday said seeking court protection from creditors could be a good option
Read moreOil-Skimming Efforts In Gulf Halted Due To Weather -Unified Command
29th Jun 2010 20:01
HOUSTON (Dow Jones)--Oil skimming efforts in the U.S. Gulf of Mexico have been halted since Monday due to high seas preceding the arrival of a tropical storm in the region, a spokeswoman with the Deepwater Horizon Incident Joint Information Center said Tuesday. The skimming operations "continue
Read moreCORRECT: BP: About 15,310 Barrels Of Oil Collected At June 28
29th Jun 2010 18:59
(Headlines at 10:07 a.m. and 10:08 a.m. EDT incorrectly said the oil recovery data was as of June 27 instead of June 28.) Order free Annual Report for BP plc Visit http://djnewswires.ar.wilink.com/?link=BP or call 1-888-301-0513 (END) Dow Jones Newswires June 29, 2010 13:59 ET (17:59
Read moreBP Reaching Out To Banks To Raise Funds -Fox Business's Gasparino
29th Jun 2010 18:47
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) is seeking ways to raise additional funds to help pay for recovery efforts linked to the Gulf of Mexico oil spill, Fox Business Network's Charles Gasparino reports Tuesday. The oil giant is reaching out to Goldman Sachs Group Inc. (GS), JPMorgan Chase & Co
Read moreBP Reports Brief Upset At Texas Refinery; Operations Normal
29th Jun 2010 17:54
Operations at BP Products North America's (BP, BP.LN) Texas City, Texas, oil refinery returned to normal Tuesday following a brief upset at an unspecified process, according to a filing to Texas environmental regulators. Emissions associated with the event started at around 4:20 a.m. CDT when a
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