MARKET TALK: BP Shrs Remain Prone To Media Commentary-Dolmen
28th Jun 2010 11:30
1030 GMT [Dow Jones] BP (BP.LN) can absorb the fallout from the Gulf Of Mexico oil spill, as its balance sheet and cashflows sufficient financial flexibility, says Dolmen Securities. Dolmen notes drilling on the two relief wells is progressing ahead of schedule and the addition of the Q4000 with a f
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
28th Jun 2010 11:30
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] 1030 GMT [Dow Jones] BP (BP.LN) can absorb the fallout from the Gulf Of Mexico oil spill, as its balance sheet and cashflows
Read moreFirst Big Storm Of Season Has Oil-Hit Gulf Of Mexico On Edge
28th Jun 2010 11:28
NEW ORLEANS (AFP)--The first major storm of the Atlantic season was entering the Gulf of Mexico Monday, seeming set to avoid the BP oil spill but leaving residents jittery after causing 10 deaths. Tropical Storm Alex was expected to gain strength as it moves into the southwestern Gulf after dump
Read moreBEFORE THE BELL:US Stock Futures Up As G-20 Pledges To Cut Deficits
28th Jun 2010 11:03
By Polya Lesova U.S. stock futures posted modest gains on Monday, as leaders of the world's advanced economies pledged to halve their government deficits by 2013. Futures on the Dow Jones Industrial Average rose 28 points to 10,132. S&P 500 futures added 4.30 points to 1,079 and Nasdaq 100
Read moreTNK-BP CFO: Not Planning To Cut $4.4 Bln Capex Plan For 2010
28th Jun 2010 10:51
By Alexander Kolyandr Of DOW JONES NEWSWIRES MOSCOW (Dow Jones)--BP PLC's (BP) joint venture in Russia, TNK-BP Holding (TNBP.RS), Monday said it isn't considering any changes to its $4.4 billion capital expenditure plans for 2010, despite BP's bill for the oil leak in the Gulf of Mexico.
Read moreBP Shares Up 4% As Storm Fears Wane,But Spill Costs Grow Faster
28th Jun 2010 10:42
By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) shares rose almost 4% Monday morning as fears subsided that a tropical storm would disrupt the cleanup operation, but that good news was offset by a sharp increase in the company's daily rate of spend on Gulf of Mexico op
Read moreNational Grid: LNG Cargo Berths At Isle Of Grain Saturday
28th Jun 2010 10:01
LONDON (Dow Jones)--U.K. natural gas grid operator National Grid PLC (NGG) Monday said the liquefied natural gas ship, British Diamond, berthed at its Isle of Grain regassification terminal in Kent, England, on Saturday. The Isle of Grain terminal is able to import 9.8 million metric tons of LNG
Read moreBP CEO Hayward To Meet Russia's Energy Chief Sechin -Spokesman
28th Jun 2010 09:15
MOSCOW (AFP)--BP PLC (BP) Chief Executive Tony Hayward was scheduled to meet the Russian government's powerful energy supremo Igor Sechin on Monday as the oil giant wrestles with the liabilities from the Gulf of Mexico oil spill. "It will take place today," spokesman for Prime Minister Vladimir
Read moreUPDATE: BP Says Cost Of US Spill Response Reaches $2.65B
28th Jun 2010 09:02
(Adds details) LONDON (Dow Jones)--BP PLC (BP.LN) said Monday spending in response to the U.S. Gulf oil spill had reached $2.65 billion, as the cost of the disaster escalates, but added it was on track to completing the relief wells, aimed at containing the leak, by around August. The news
Read moreLondon open: Hangover carries into Monday
28th Jun 2010 08:53
Markets are struggling for direction this morning, with traders still probably dissecting the disappointment of yesterday, which could take some time. Renewed pledges from the G20 meeting to force banks to keep a lot more capital have also hit sentiment while Standard Chartered's comment that inco
Read moreLondon pre-open: Footsie to start higher
28th Jun 2010 07:38
City traders won't want a repeat of last week when the FTSE 100 lost over 200 points, and the omens are good as the leading index reacts to movements on Wall Street Friday. London is seen up around 19 points early Monday as the Dow Jones closed ahead of where it was when the City packed up at the e
Read moreBP: Cost Of Response To Date Amounts To $2.65B
28th Jun 2010 07:14
LONDON (Dow Jones)--BP PLC (BP.LN) said Monday that in the response to the MC252 oil well incident in the Gulf of Mexico, two systems continue to collect oil and gas flowing from the Deepwater Horizon's failed blow-out preventer (BOP) and transport them to vessels on the surface. MAIN FACTS:
Read moreBattered BP spends £1.75bn on Gulf spill
28th Jun 2010 07:03
The massive clean-up operation in the Gulf of Mexico continues and has now cost BP $2.65bn (£1.75bn) and the oil giant is stopping almost 23,000 barrels of oil from leaking into the sea. BP, which said last Friday that its bill for the disaster had risen to $2.35bn (£1.57bn) from $2bn (£1.4bn) on t
Read moreHurricane Would Be 'Major Challenge' To Gulf Of Mexico Efforts -NOAA
28th Jun 2010 04:29
By Cassandra Sweet Of DOW JONES NEWSWIRES As BP PLC (BP) works to plug an oil leak in the Gulf of Mexico and scientists work to figure out how the oil is affecting underwater sea life, the active hurricane season forecast for this summer is a major concern. "A hurricane would present a
Read moreUPDATE: Atlantic Storm Alex Has Oil-Hit Gulf On Edge
28th Jun 2010 02:57
(Updates toll, damage) NEW ORLEANS (AFP)--The first major storm of the Atlantic season surged toward the Gulf of Mexico on Sunday on a path likely to avoid the BP PLC (BP) oil spill, but leaving coastal residents jittery about its destructive potential. Tropical Depression Alex was expected
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