Shares Of Gas Companies Sink On Falling Natural Gas Prices
22nd Jun 2010 18:00
By Shara Tibken Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of gas companies dropped Tuesday as natural gas futures were pressured by profit taking and concerns about excess supply. Natural gas prices have climbed about 10% this month as traders, who had bet heavily on falling pr
Read moreUPDATE: US House To Vote On Subpoena Power For Oil-Spill Panel
22nd Jun 2010 17:57
(Adds specific timing of the vote in the first paragraph.) By Martin Vaughan Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The House will vote Wednesday on a measure to give subpoena power to an independent commission investigating the oil-rig explosion in the Gulf of Mexico. "We be
Read moreIndia's Reliance To Pay $1.35B For Stake In Pioneer's Texas Field-Source
22nd Jun 2010 17:42
By Angel Gonzalez and Jason Womack Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--India's Reliance Industries Ltd. (500325.BY) agreed to buy 45% of Pioneer Natural Resources Co.'s (PXD) acreage in the Eagle Ford natural-gas shale for $1.35 billion, a source familiar with the deal said Tuesday.
Read moreUS House To Vote On Giving Subpoena Power To Oil Spill Panel
22nd Jun 2010 16:56
By Martin Vaughan Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The House will vote this week on a measure to give subpoena power to an independent commission investigating the oil rig explosion in the Gulf of Mexico. "We believe subpoena power is necessary," said House Majority Leader
Read moreAnadarko's Bid To Blame BP For Oil Spill Faces Challenges
22nd Jun 2010 16:29
By Isabel Ordonez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Investors in Anadarko Petroleum Corp. (APC) seem to be confident about the independent oil and gas producer's bid to limit liability stemming from the Deepwater Horizon oil spill by proving that the company's partner, BP PLC (BP,
Read moreBrazil Petrobras CEO: Domestic Drilling Rules Could Increase
22nd Jun 2010 16:27
RIO DE JANEIRO (Dow Jones)--The chief executive of Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, said Tuesday that he expects local regulators to increase offshore drilling regulations in the wake of the Gulf of Mexico disaster. "We can expect some increase
Read moreEnergy Stocks Remain In The Red As Bearish Sentiment Persists
22nd Jun 2010 15:55
By Steve Gelsi Energy stocks were lower Tuesday, as bearish sentiment lingered from the previous session and shares of BP PLC (BP)dropped. The NYSE Arca Oil Index (XOI) fell 0.9% to 966, while the NYSE Arca Natural Gas Index (XNG) dropped 1.3% to 533. The Philadelphia Oil Service Index (OSX
Read moreUS HOT STOCKS: Walgreen, Jefferies Group, Patriot Coal
22nd Jun 2010 15:30
U.S. stocks were rising Tuesday as the Dow Jones Industrial Average rose 14 points to 10457, the S&P 500 gained 0.5 points to 1114 and the Nasdaq Composite added 11 points to 2300. Among the companies whose shares actively trading in the session are Walgreen Co. (WAG), Jefferies Group Inc. (JEF) and
Read moreBP: A Record 25,830 Barrels Total Oil Recovered On Monday >BP
22nd Jun 2010 15:30
HOUSTON (DOW JONES)--BP PLC (BP BP.LN) announced Tuesday that it hit a new record in the amount of oil captured from the broken Macondo well by flaring off more oil as it works to keep it from spewing into the U.S. Gulf of Mexico. On Monday, BP collected a total of 25,830 barrels a day, the comp
Read moreMARKET TALK: BP CDS Widen Again As Uncertainty Mounts
22nd Jun 2010 14:27
1325 GMT [Dow Jones] Credit default swaps on BP have risen to 492.5 BP from 478.3 BP Monday, or $492,500 per year to cover $10 million for five years. The company is in a public spat with its Deepwater Horizon partner Anadarko Petroleum over potential clean-up costs and the uncertainty over the comp
Read moreRefinery Status: Valero Benicia Coker Shut For Unplanned Work -2-
22nd Jun 2010 13:55
minimal, Co. said April 30. Entire plant is in turnaround. Work began early March. CVR Coffeyville 115.0 New ultra low sulfur gasoline unit will be brought online in 2Q, C
Read moreRefinery Status: Valero Benicia Coker Shut For Unplanned Work
22nd Jun 2010 13:54
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 moreBP CEO Cancels Speech At Oil Conference
22nd Jun 2010 13:25
BP PLC (BP, BP.LN) Chief Executive Officer Tony Hayward on Tuesday canceled an appearance at the prestigious World National Oil Companies Congress, where he was scheduled to deliver a speech entitled, "Key roles and responsibilities of international oil companies in an age of economic uncertainty."
Read moreMARKETWATCH VIEW: BP CEO May Be Trying To Get Fired, Really
22nd Jun 2010 13:15
By Brett Arends A DOW JONES COLUMN Is BP PLC's (BP, BP.LN) Tony Hayward actually trying to get fired? You might think so after his latest stunt. The hapless honcho, already slammed as "the most hated man in America," skipped out on the Gulf gusher over the weekend to participate in a y
Read moreMUNI WATCH: How To Pick Up 130 BPs Off Gulf Oil Spill
22nd Jun 2010 12:36
(This article was originally published Monday.) By Stan Rosenberg Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The explosion and sinking of the Deepwater Horizon oil rig in the Gulf of Mexico has been a disaster for the region's environment and the rig's operator, BP PLC (BP, BP.LN). But
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