MARKET TALK: Tropical Wave A Bigger Issue For BP Than Oil
23rd Jun 2010 15:40
10:40 (Dow Jones) There's a storm system brewing in the Caribbean, but it's more of a worry for BP than for energy prices. "It's a concern obviously because of the oil spill more than anything," but it's too early to tell whether it'll disrupt oil and natural gas output in the Gulf of Mexico, says T
Read moreBP: 325,700 Bbls Of Oil Recovered Since Cap And Flaring System Installed
23rd Jun 2010 15:31
HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) said Wednesday it has increased its capture rate from the broken Macondo well in the U.S. Gulf of Mexico. Tuesday, BP collected a total of 27,090 barrels, the company said on its website. The U.K. oil giant flared 10,425 barrels of oil and captured 16,665
Read moreBP's Dudley takes over oil spill role
23rd Jun 2010 14:44
BP chief executive Tony Hayward has handed over management of the Gulf of Mexico oil spill to another senior executive. Managing director Bob Dudley will now take over the day-to-day running of the company's response to the Deepwater Horizon disaster. The American will start his new role with immed
Read moreNorway Offshore Licensing Offers Cut;2011 Will Reflect US Spill-Min
23rd Jun 2010 14:33
OSLO (AFP)--Norway announced a reduced number of offshore oil blocks offered for exploration Wednesday, with license allocation to be done in light of the oil spill disaster in the Gulf of Mexico, a minister said. The Norwegian petroleum and energy ministry launched a call to tenders for licensi
Read moreFTSE 100 movers: Banks move higher
23rd Jun 2010 14:13
The banks are rising again today even though they were hit by a new tax yesterday. Royal Bank of Scotland and Lloyds are both higher. BP is also heading higher now that Bob Dudley is taking control of the day-to-day handling of the Gulf of Mexico oil leak crisis from chief executive Tony Hayward.
Read moreUPDATE: UK PM: Important BP Remains A Strong, Stable Company
23rd Jun 2010 13:59
(Adds PM quotes and details.) By Alex Delmar-Morgan Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. Prime Minister David Cameron said Wednesday it was important BP PLC (BP) remains a "strong and stable company" in the interests of the oil giant's U.S. and U.K. shareholders. "We do wa
Read moreUK Cameron: In All Interests BP Is Strong, Stable Company
23rd Jun 2010 12:44
LONDON (Dow Jones)--U.K. Prime Minister David Cameron said Wednesday it was important that BP PLC (BP) stayed a "strong and stable company" in the interests of the oil giant's U.S. and U.K. shareholders. "We do want to make sure this remains a strong and stable company for our benefit and for th
Read moreFederal Judge Rules Against Offshore Drilling Moratorium
23rd Jun 2010 12:37
(This article was originally published Tuesday.) By Angel Gonzalez, Isabel Ordonez and Brent Kendall Of DOW JONES NEWSWIRES A federal judge in Louisiana on Tuesday ruled against the Obama administration's temporary ban on deepwater offshore drilling, dealing a blow to the administration
Read moreOil Companies, Rig Operators At Odds Over Who Pays For Idled Rigs
23rd Jun 2010 12:36
(This article was originally published Tuesday.) By Brian Baskin Of DOW JONES NEWSWIRES Oil companies and rig operators are entering uncharted waters as a fight over who pays for rigs idled by the recent offshore drilling moratorium heads to court. At least three oil companies hav
Read moreBP Formalizes Handover Of Gulf Oil Cleanup Responsibility
23rd Jun 2010 11:59
LONDON (Dow Jones)--BP PLC (BP) Wednesday formalized the handover of responsibility for the Gulf of Mexico oil spill containment and cleanup operation from embattled Chief Executive Tony Hayward to Robert Dudley, who becomes president and chief executive of BP's newly-created Gulf Coast Restoration
Read morePRESS RELEASE: BP Announces New Gulf Coast Restoration Organization
23rd Jun 2010 11:49
press release June 23, 2010 BP Announces New Gulf Coast Restoration Organization BP today provided further details about the previously-announced new organization that will manage the company's long-term response to the Deepwater Horizon incident and the MC252 oil and gas spill. Effectiv
Read moreN AMERICAN MORNING BRIEFING:Stks To Rise Ahead Of Fed;Data Eyed
23rd Jun 2010 11:38
DJIA Futures 10288.00 +45.00 +0.40% S&P 500 Futures 1097.35 +6.85 +0.60% Nasdaq Futures 1889.13 +10.88 +0.60% Above are as of 0615 ET FTSE 100 5230.68 -16.30 -0.30% Xetra DAX 6246.71 -22.33 -0.40% CAC40 3677.16 -28.16 -0.70% Above are as of 0
Read moreN AMERICAN MORNING BRIEFING:Stks To Rise Ahead Of Fed;Data Eyed
23rd Jun 2010 11:34
DJIA Futures 10288.00 +45.00 +0.40% S&P 500 Futures 1097.35 +6.85 +0.60% Nasdaq Futures 1889.13 +10.88 +0.60% Above are as of 0615 ET FTSE 100 5230.68 -16.30 -0.30% Xetra DAX 6246.71 -22.33 -0.40% CAC40 3677.16 -28.16 -0.70% Above are as of 0
Read moreUPDATE: BP, Chevron Agree Deal For China Offshore Block -Sources
23rd Jun 2010 10:05
By David Winning Of DOW JONES NEWSWIRES BP Plc (BP) is teaming up with Chevron Corp. (CVX) in bidding for a South China Sea exploration block, a person familiar with the matter said, signaling that the U.K. major's failure to stop a leaking Gulf of Mexico oil well isn't deterring rival prod
Read moreBP, Chevron Agree Deal For Deepwater China Gas Block -Source
23rd Jun 2010 09:17
DOW JONES NEWSWIRES BP PLC (BP) is teaming up with Chevron Corp. (CVX) to bid for a South China Sea exploration block, a person familiar with the matter said, signaling the UK major's failure to stop a leaking Gulf of Mexico oil well isn't deterring rival producers from choosing it as a partner
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