Hayward, Alekperov Discussed Joint Projects At Moscow Meeting
29th Jun 2010 10:06
MOSCOW (Dow Jones)--The chief executive of U.K. oil major BP PLC (BP), Tony Hayward, met with the head of Russian oil producer OAO Lukoil Holdings (LKOH.RS), Vagit Alekperov, Monday to discuss possible joint projects, the Russian company said Tuesday. They talked about joint projects both in Rus
Read moreTuesday newspaper round-up: BP, AstraZeneca, Car industry
29th Jun 2010 06:43
Fresh tensions erupted between BP and the Kremlin last night after the British oil giant was forced to deny reports that Russia's Deputy Prime Minister had suggested its chief executive was on the verge of resignation. Just hours before Tony Hayward was due to meet Igor Sechin in Moscow for talks
Read moreHurricanes Warnings As Tropical Storm Alex Strengthens In Gulf
29th Jun 2010 06:08
MIAMI, Fl. (AFP)--Hurricane warnings were issued in Texas and the northeastern Mexico as forecasters predicted that Tropical Storm Alex churning in the Gulf of Mexico would reach hurricane force on Tuesday. At 0300 GMT, the center of Alex was located some 505 miles (810 kilometers) southeast of
Read moreUS Navy May Need To Blow Up Ruptured Oil Well - Bill Clinton
29th Jun 2010 02:31
WASHINGTON (AFP)--The U.S. Navy might have to blow up a ruptured well gushing oil into the Gulf of Mexico if efforts to cap the leak with relief wells fail, former U.S. President Bill Clinton said Monday. "This is a geological monster," the former president told CNN. "That is one heck of an
Read moreMore US Gulf Oil, Gas Production Being Shut In Due To Alex
29th Jun 2010 00:50
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 day, headed towards the Mexico-Texas border. The storm c
Read moreUPDATE: US Accepts Gulf Oil Spill Aid From 12 Countries
29th Jun 2010 00:41
(Adds aid details, background) NEW ORLEANS (AFP)--The U.S. will accept offers from 12 foreign countries to help clean up and contain the BP Plc (BP) oil spill in the Gulf of Mexico, officials said Tuesday. "The United States will accept 22 offers of assistance from 12 countries and internat
Read moreBP's Oil Recovery Rate Holds Steady First Half Of Tuesday
29th Jun 2010 00:14
DOW JONES NEWSWIRES BP PLC's (BP, BP.LN) oil recovery efforts held steady Tuesday morning with their rate of collection the previous night, as the company continued to partially divert crude spilling from a broken well in the U.S. Gulf of Mexico. BP said it had recovered 12,605 barrels of o
Read moreUS Accepts Gulf Oil Spill Aid From 12 Countries
29th Jun 2010 00:00
NEW ORLEANS (AFP)--The United States will accept offers from 12 foreign countries to help clean up and contain the BP PLC (BP, BP.LN) oil spill in the Gulf of Mexico, officials said on Tuesday. "The United States will accept 22 offers of assistance from 12 countries and international bodies, inc
Read more4th UPDATE: Gulf Oil Workers Being Evacuated Due To Tropical Storm Alex
28th Jun 2010 23:05
(Updates to add Marathon Oil Corp.'s evacuation, updates position of the storm) By Isabel Ordonez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Tropical Storm Alex, expected to become a hurricane Tuesday, seems to be headed on a path away from the bulk of the U.S. Gulf of Mexico's oil and
Read moreOil Chiefs Leave Meeting With Interior 'Disappointed'
28th Jun 2010 22:48
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Executives from oil and gas companies on Monday concluded an hour-long meeting with U.S. Interior Secretary Ken Salazar without securing promises from the government to lift a deepwater-drilling moratorium imposed after a disa
Read moreNY Fed Said To Have Probed Big US Banks' BP Exposure -Reuters
28th Jun 2010 21:52
DOW JONES NEWSWIRES The U.S. Federal Reserve's New York branch has been investigating the exposure of major financial firms to BP PLC (BP, BP.LN) to make sure that if the U.K.-based oil giant can't meet the costs of its spill in the Gulf of Mexico, it won't put Wall Street or the world's financ
Read moreGRAIN HIGHLIGHTS: Top Stories Of The Day
28th Jun 2010 21:49
TOP STORIES: SURVEY: US Corn Acreage, Quarterly Stocks Seen Climbing CHICAGO (Dow Jones)--A strong early start to the growing season is likely to lead to increased corn acreage in the government's June plantings report, according to analysts, who also see quarterly stocks up 8.3% from the same
Read moreUPDATE: BP: Rough Seas May Delay Third Oil Containment Rig
28th Jun 2010 21:14
(Updates with comments, background) By Brian Baskin and Guy Chazan NEW ORLEANS (Dow Jones)--Tropical Storm Alex may delay by a week BP PLC's (BP, BP.LN) plan to increase the amount of oil collected from the leaking well in the Gulf of Mexico, a company official said Monday. Waves of 10
Read moreTransCanada, Denali Deny New Talks To Merge Pipeline Projects
28th Jun 2010 20:31
By Edward Welsch and Cassandra Sweet Of DOW JONES NEWSWIRES TransCanada Corp. (TRP), which is working on developing an Alaska natural-gas pipeline, and a group working on a rival pipe denied they were in talks to merge the multibillion-dollar projects. While Calgary-based TransCanada is
Read moreAdm Allen: Doesn't Expect BP To Complete Relief Well Before Aug
28th Jun 2010 20:26
NEW ORLEANS (Dow Jones)--BP PLC (BP, BP.LN) is unlikely to cut off the flow of oil into the Gulf of Mexico by drilling a relief well before August, U.S. Coast Guard Admiral Thad Allen said Monday. BP has drilled down over 11,000 feet below the sea floor to within 20 feet of a well that has leake
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