BP's Oil-Recovery Rate Rebounds But Still Off Highs
24th Jun 2010 00:28
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said its oil-recovery rate rebounded during the first half of Thursday after it successfully reinstalled one of the systems recovering crude leaking from a Gulf of Mexico well. The company said it retrieved 11,255 barrels of oil in the first 12 hours o
Read moreUS Senators Ask Transocean To Delay Dividend Payment
24th Jun 2010 00:08
By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--About two dozen U.S. Senators on Thursday asked Transocean Ltd. (RIG) to postpone making a dividend payment "until the extent of your company's responsibility" for a two-month-old oil spill in the Gulf of Mexico has been evalua
Read moreTreasury Confirms US Pay Czar Feinberg To Resign This Summer
23rd Jun 2010 23:43
By Meena Thiruvengadam Of DOW JONES NEWSWIRES WASHINGTON (DOW JONES)--With few companies left under his supervision and a new disaster to absorb his attention, U.S. pay czar Kenneth Feinberg is stepping down. Feinberg will resign later this summer to focus on administering BP PLC's (BP,
Read moreNoble Reaches Deal With Client Over Idled Gulf Drilling
23rd Jun 2010 23:19
DOW JONES NEWSWIRES Noble Corp. (NE) said it reached an agreement with an unnamed customer over how to handle their arrangement during an offshore drilling moratorium in the Gulf of Mexico. The moratorium--overturned in court Tuesday but still in force nevertheless--has set off several batt
Read moreAT A GLANCE: BP Hits Snag; US Looks To New Drilling Moratorium
23rd Jun 2010 22:55
The News BP PLC's (BP, BP.LN) efforts to capture oil spewing from Macondo well in the U.S. Gulf of Mexico hit a major snag early Wednesday when an underwater robot collided with the containment cap, U.S. Coast Guard Adm. Thad Allen said. Also, U.S. Interior Secretary Ken Salazar told lawmak
Read morePRESS RELEASE: Izard Nobel LLP Announces Class Action Lawsuit Against BP p.l.c.
23rd Jun 2010 22:25
Izard Nobel LLP Announces Class Action Lawsuit Against BP p.l.c. WEST HARTFORD, CT -- (MARKETWIRE) -- 06/23/10 -- The law firm of Izard Nobel LLP, which has significant experience representing investors in prosecuting claims of securities fraud, announces that a lawsuit seeking class action
Read moreHouse Gives Subpoena Power To Obama's Oil-Spill Commission
23rd Jun 2010 22:18
By Tennille Tracy and Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. House of Representatives voted to give subpoena powers to President Barack Obama's newly formed oil-spill commission. Armed with this power, the president's National Commission On The BP Deepwat
Read more4th UPDATE: Salazar: US Could Issue New Drilling Moratorium
23rd Jun 2010 22:16
(Updates to show that House passed bill giving the presidential commission investigating the BP oil spill subpoena power) By Siobhan Hughes and Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar, responding to a federal judge who struck down
Read more2nd UPDATE: US House Panel Passes Oil-Spill-Liability Bill
23rd Jun 2010 21:41
(Adds details starting in 9th paragraph) By Brent Kendall Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--A U.S. House panel approved legislation Wednesday that would repeal a century-and-a-half-old law that Transocean Ltd. (RIG) has sought to use to limit its liability in the Gulf oil sp
Read more3rd UPDATE: Salazar: US Could Issue New Drilling Moratorium
23rd Jun 2010 21:24
(Updates with White House comment; more background on other developments on Capitol Hill) By Siobhan Hughes and Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar, responding to a federal judge who struck down a six-month ban on deepwater dr
Read moreAT A GLANCE: BP Hits Snag; US Looks To New Drilling Moratorium
23rd Jun 2010 21:17
The News BP PLC's (BP, BP.LN) efforts to capture oil spewing from Macondo well in the U.S. Gulf of Mexico hit a major snag early Wednesday when an underwater robot collided with the containment cap, U.S. Coast Guard Adm. Thad Allen said. Also, U.S. Interior Secretary Ken Salazar told lawmak
Read moreOPTIONS REPORT: Ensco Sees Elevated Activity
23rd Jun 2010 20:45
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Option activity was elevated in Ensco PLC (ESV) Wednesday, with traders taking on modestly bullish positions in the offshore driller despite a drop in its shares and across the drilling sector amid the uncertainty of the
Read moreUPDATE: BP Oil-Spill Containment Effort Hits Major Snag
23rd Jun 2010 20:01
(Updates throughout, including additional details about BP's containment strategy, Coast Guard comment about threat to oil-collection target, and information about deaths of response workers.) By Susan Daker Of DOW JONES NEWSWIRES A key component of BP PLC's (BP, BP.LN) efforts to cont
Read more2nd UPDATE: Salazar: Could Issue New Drilling Moratorium
23rd Jun 2010 19:59
(Updates with more details from hearing, background information.) By Siobhan Hughes and Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar, who had imposed a six-month ban on deepwater drilling in the U.S. in response to a vast BP PLC (BP, B
Read moreAT A GLANCE: BP Hits Snag; US Looks To New Drilling Moratorium
23rd Jun 2010 19:26
The News BP PLC's (BP, BP.LN) efforts to capture oil spewing from Macondo well in the U.S. Gulf of Mexico hit a major snag early Wednesday when an underwater robot collided with the containment cap, U.S. Coast Guard Adm. Thad Allen said. Also, U.S. Interior Secretary Ken Salazar told lawmak
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