3rd UPDATE: Gulf Oil Workers Being Evacuated Due To Tropical Storm Alex
28th Jun 2010 20:02
(Updates to add new Gulf areas where Shell is shutting in production) 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 gas produc
Read moreBP WATCH: BP's Shares Rise As Increased Spend Seen Encouraging
28th Jun 2010 19:13
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP) shares rose in the U.S. and London Monday as investors saw Friday's drop to 14-year lows as overdone. In addition, worries about the impact of Tropical Storm Alex waned. And while BP said that the cost
Read more2nd UPDATE:Alex Likely To Have Limited Impact On US Gulf Oil, Gas Output
28th Jun 2010 18:52
(Updates to add effects of storm on BP's Gulf of Mexico operations and oil spill recovery efforts) By Isabel Ordonez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Oil and gas producers in the Gulf of Mexico continued evacuating workers from the area due to Tropical Storm Alex, which is exp
Read moreMARKET TALK: Bank Casts Wary Eye On BP's Creditworthiness
28th Jun 2010 18:37
1:37 (Dow Jones) If BP's thinking of doing any deals with financing from Credit Suisse, it now has to reckon with a lower threshold for posting collateral. CS has lowered deal-valuation threshold to $10M from the $30M that applied before the Gulf oil spill, CNBC's Kate Kelly reports. The lower limit
Read moreUS HOT STOCKS: CardioNet, Orexigen, Isle of Capri, Sprint
28th Jun 2010 18:29
U.S. stocks traded higher Monday as the Dow Jones Industrial Average gained 15 points to 10158, the Standard & Poor's 500 rose 0.6 point to 1077 and the Nasdaq Composite climbed 3.4 points to 2227. Among the companies whose shares are actively trading in the session are CardioNet Inc. (BEAT), Orexig
Read moreBP: Rough Seas May Delay Third Oil Containment Rig By A Week
28th Jun 2010 16:36
By Brian Baskin Of DOW JONES NEWSWIRES NEW ORLEANS (Dow Jones)--Tropical Storm Alex may delay BP PLC's (BP, BP.LN) plans to increase the amount of oil collected from a leaking well in the Gulf of Mexico by a week, a company official said Monday. The storm's winds are expected to stay far
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 16:31
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] 1531 GMT [Dow Jones] The creation of separate US and Rest-of-the- World entities at BP (BP.LN) would increase transparency, U
Read moreMARKET TALK: BP Split Into US, Rest-Of-World Weighed
28th Jun 2010 16:31
1531 GMT [Dow Jones] The creation of separate US and Rest-of-the- World entities at BP (BP.LN) would increase transparency, UniCredit says. "BP US would define the worst-case scenario of asset seizure, ring fence liabilities and vulnerable assets, offer upside potential from leverage to the rump val
Read moreUS Gulf 'Dead Zone' To Expand This Year; BP Spill Effect Unclear
28th Jun 2010 16:31
CHICAGO (Dow Jones)--The U.S. Gulf of Mexico's "dead zone" is expected to be larger than average this year, although scientists said it's unclear what effect the BP (BP, BP.LN) oil spill will have. The dead zone, technically called the "hypoxic zone," is an area with little or no oxygen that sci
Read moreLondon close: Miners lift Footsie
28th Jun 2010 16:24
London's top stocks ended Monday's trading session with modest gains thanks to strong mining stocks. Footsie traded in and out of the blue during the day, largely mirroring the performance of BP's share price. The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65
Read moreOPEC Urges US To "Look Again" At Offshore Drilling Ban
28th Jun 2010 15:58
BRUSSELS (AFP)--The Organization of Petroleum Exporting Countries Monday urged the U.S. to reconsider legal moves and ditch a ban on deep-water drilling slapped on the oil industry in the wake of the Gulf of Mexico disaster. "We should not really ban it and we should not jump to conclusions with
Read moreAlaska Pipeline Bidders In Preliminary Merger Talks -Report
28th Jun 2010 15:54
DOW JONES NEWSWIRES Two competing camps battling to build a 1,700-mile natural gas pipeline from Alaska to the continental U.S., costing between $32 billion and $41 billion, are in preliminary talks to merge their efforts, the Houston Chronicle reported Monday on its website, citing a person fa
Read moreUS HOT STOCKS: CardioNet, Orexigen, Isle of Capri, Amazon, BP
28th Jun 2010 15:19
U.S. stocks traded lower Monday as the Dow Jones Industrial Average slid 28 points to 10115, the Standard & Poor's 500 declined 4 points to 1073 and the Nasdaq Composite fell 11 points to 2213. Among the companies whose shares are actively trading in the session are CardioNet Inc. (BEAT), Orexigen T
Read moreRefinery Status: Valero Corpus Christi Coker Unit At Planned Rates
28th Jun 2010 15:16
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. Valero Energy Corp. (V
Read moreRefinery Status -2: Valero Corpus Christi Coker Unit At Planned Rates
28th Jun 2010 15:16
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.
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