BP WATCH: BP's US Shares Rise; Analyst Proposes M&A Scenarios
29th Jun 2010 17:45
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP) shares rose in the U.S. Tuesday as an analyst's note proposing various merger-and-acquisition scenarios for the oil giant added to speculation that BP could become an acquisition target. BP's American
Read moreBP Pays $71 Mln Gulf Cleanup Bill; Reviewing $51 Mln Claim -AP
29th Jun 2010 17:40
DOW JONES NEWSWIRES BP PLC (BP) has paid two bills totaling $71 million to cover initial clean up costs related to the oil spill in the Gulf of Mexico, meeting a July 1 deadline, the Associated Press reported Tuesday, citing the Obama administration. The bills were paid earlier this month.
Read moreMARKET TALK: Shorting BP, Anadarko Bonds Picks Up
29th Jun 2010 16:44
1542 GMT [Dow Jones] Hedge funds and other investors have been shorting BP and Anadarko Petroleum bonds in the cash market as opposed to the more traditional route of buying credit default swaps on the companies' debt. According to Will Duff Gordon, senior researcher at Data Explorers in London, the
Read moreLondon close: Footsie dives on economic concerns
29th Jun 2010 16:31
London's leading shares ended with heavy losses as concerns about the global economy resurfaced again. Traders were nervy in Europe about bank payments that need to be made to the European Central Bank this week, while triple-digit falls on Wall Street added to London's woes. As in London, US in
Read moreBP: About 15,310 Barrels Of Oil Collected As Of Monday
29th Jun 2010 15:53
HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) recovered about 23,395 barrels of oil a day on Monday from the broken Macondo well in the U.S. Gulf of Mexico as Tropical Storm Alex headed away from the operation and toward Mexico. BP said Tuesday that of that total Monday it collected about 15,310 barre
Read moreNational Grid: LNG Cargo Berths At Isle Of Grain Monday
29th Jun 2010 15:22
LONDON (Dow Jones) --U.K. natural gas grid operator National Grid PLC (NGG) said Tuesday the Gaselys liquefied natural gas ship berthed at its Isle of Grain regassification terminal in Kent, southeast England, Monday. The Isle of Grain terminal is able to import 9.8 million metric tons of LNG a
Read moreLondon afternoon: Stocks dive deeper
29th Jun 2010 14:27
Expectations of a triple-digit fall on the Dow Jones index when Wall Street opens has added to London's woes. As in London, US investors are concerned that China's economy is not likely to grow at the rate previously anticipated. US based research group the Conference Board said overnight that its
Read moreRefinery Status -2: Conoco Reports Texas Gasoline-Making Unit Upset
29th Jun 2010 14:26
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: Conoco Reports Texas Gasoline-Making Unit Upset
29th Jun 2010 14:25
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. ConocoPhillips (COP) M
Read moreTable Of UK & Norway Oil, Gas Field Outage Schedules
29th Jun 2010 12:53
(Adds maintenance at Maersk Oil's Duc fields.) LONDON (Dow Jones)--The following table lists unplanned and planned outages at U.K., Norwegian and Danish oil and natural gas fields in 2009 and 2010 as reported by Dow Jones Newswires from both official and unofficial sources. Operator Field
Read moreAmid Moratorium, Allis-Chalmers Looks for Other Business
29th Jun 2010 12:36
(This article was originally published Monday.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--As uncertainty about the direction of offshore drilling in the U.S. persists following a BP PLC (BP, BP.LN) oil spill, companies like Allis-Chalmers Energy Inc. (ALY) provide
Read moreLondon midday: Footsie waves goodbye to 5,000
29th Jun 2010 12:06
Footsie fell below 5,000 as mining shares tanked in the morning session on concerns that China's economy is not likely to grow at the rate previously anticipated. US based research group the Conference Board said its China leading economic index rose just 0.3% in April, a sharp revision down from
Read moreUS Vice President To Visit Gulf Spill Area
29th Jun 2010 11:21
NEW ORLEANS (AFP)--U.S. Vice President Joe Biden was set to head to the Gulf of Mexico on Tuesday to inspect oil spill cleanup efforts, as strong winds from Tropical Storm Alex thwarted efforts to double the amount of oil captured from the ruptured well. Biden was due to visit the New Orleans oi
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
29th Jun 2010 10:17
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0917 GMT [Dow Jones] Exxon Mobil (XOM) and Royal Dutch Shell (RDSB.LN) could consider a bid for BP (BP.LN) says JPMorgan Caze
Read moreMARKET TALK: Exxon Mobil, BP Could Consider A BP Bid- JPMorgan
29th Jun 2010 10:17
0917 GMT [Dow Jones] Exxon Mobil (XOM) and Royal Dutch Shell (RDSB.LN) could consider a bid for BP (BP.LN) says JPMorgan Cazenove. They have similar business models and global asset structures and would face the lowest political risk in a potential combination with BP. In particular the size and str
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