BP's North Sea Head Assures Workers No Plan To Exit Region -FT
23rd Jun 2010 08:55
LONDON (Dow Jones)--The head of BP PLC's North Sea operations has returned from the U.S. Gulf of Mexico to reassure staff in Aberdeen, Scotland, that the company doesn't intend to leave the North Sea, the Financial Times reports Wednesday, citing the executive. On Monday, Bernard Looney, managin
Read moreBP's North Sea Head Assures Workers No Plan To Exit Region -FT
23rd Jun 2010 08:54
LONDON (Dow Jones)--The head of BP PLC's North Sea operations has returned from the U.S. Gulf of Mexico to reassure staff in Aberdeen, Scotland, that the company doesn't intend to leave the North Sea, the Financial Times reports Wednesday, citing the executive. On Monday, Bernard Looney, managin
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
23rd Jun 2010 08:46
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] 0746 GMT [Dow Jones] BP's (BP) $20B claim fund, net fines/penalties and clean-up costs announced last week are now included i
Read moreMARKET TALK: BP Still Offers Deep Value - ING
23rd Jun 2010 08:46
0746 GMT [Dow Jones] BP's (BP) $20B claim fund, net fines/penalties and clean-up costs announced last week are now included in ING's models, so the bank now assumes some $28.1B of total non-operating items over '10/'11 for the Gulf of Mexico catastrophe, versus $5.33B previously. ING keeps its targe
Read moreWednesday newspaper round-up: Budget, Asda, BP
23rd Jun 2010 06:35
Every household in Britain will be worse off after George Osborne unveiled £29bn worth of annual tax rises and the biggest cuts in public spending for almost a century. In an ambitious attempt to reduce the nation's borrowing, the Chancellor said everyone had to share the pain to repair "the ruins"
Read moreBP Economist: Offshore Drilling Ban May Have Oil Supply "Consequences"
23rd Jun 2010 04:27
PERTH (Dow Jones)--BP Group Chief Economist Christof Ruhl said Wednesday the temporary ban on deepwater offshore drilling in the U.S. will have an impact on global oil supplies, particularly if it spreads to other countries. "In general I think that limitations to deepwater oil exploration will
Read moreDraft US Legislation Would Restrict Loopholes For BP -Report
23rd Jun 2010 02:07
DOW JONES NEWSWIRES BP's (BP, BP.LN) American assets could be seized by the courts if it tries to use loopholes in British or international law to escape liability for the Gulf of Mexico spill, under legislation being drafted by members of Congress, U.K. newspaper The Times reports on Wednesday.
Read more5th UPDATE:Federal Judge Rules Against Offshore Drilling Moratorium
23rd Jun 2010 02:04
(Updates with comments from Interior Secretary.) 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 moreUS Interior Secy: Deepwater Drilling Moratorium 'Right Decision'
23rd Jun 2010 01:47
DOW JONES NEWSWIRES U.S. Interior Secretary Ken Salazar said Tuesday that the Obama administration's decision to impose a moratorium on deepwater drilling "was and is the right decision." Salazar's comments were aimed at a federal judge in Louisiana who ruled Tuesday against the administrat
Read moreUS Senate Committee Introduces Offshore Drilling Bill
23rd Jun 2010 01:36
WASHINGTON (AFP)--U.S. lawmakers Tuesday introduced a bill to reform the rules on offshore drilling as the massive oil spill continued to spread in the Gulf of Mexico. The bill, introduced in the Senate Committee on Energy and Natural Resources, would allow Interior Department Secretary Ken Sala
Read moreObama Postpones Energy Meeting With Senators
23rd Jun 2010 01:26
By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama is postponing a meeting with a bipartisan group of U.S. senators to discuss energy and climate legislation, the White House said Tuesday evening. The meeting had been scheduled for Wednesday. It'
Read moreBP Begins Reinstalling Well Cap; Collection Rate Falls
23rd Jun 2010 00:43
DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said it has begun to reinstall a cap on part of the leaking oil well in the Gulf of Mexico, as it reported its oil-recovery rate dropped sharply after a deep-sea collision caused it to suspend a key operation. Late Wednesday, the company said it has st
Read more5th UPDATE: Salazar: US Could Issue New Drilling Moratorium
23rd Jun 2010 00:09
(Updates to reflect new legal challenge filed by Hornbeck.) 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 drilling in the U.S. imposed aft
Read moreLouisiana Governor Praises Judge's Ruling Against Drilling Ban
22nd Jun 2010 23:37
DOW JONES NEWSWIRES Louisiana Gov. Bobby Jindal welcomed a federal judge's ruling Tuesday against the Obama administration's temporary ban on deepwater offshore drilling, which was prompted by the giant oil spill in the Gulf of Mexico. "We absolutely agree with the judge's conclusion that t
Read more4th UPDATE:Federal Judge Rules Against Offshore Drilling Moratorium
22nd Jun 2010 23:21
(Updates with information about Judge Feldman's energy investments.) 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
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