BP: Recovered 21,040 Barrels Of Oil At Spill Site On Saturday
20th Jun 2010 15:52
By Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) said Sunday it captured about 21,040 barrels of oil and flared 43.4 million feet of natural gas on Saturday from a mile-deep leak in the Gulf of Mexico. The decreased rate, lower than Thursday's record of mo
Read moreUPDATE: White House Calls Yacht Holiday By BP's Hayward 'Big Mistake'
20th Jun 2010 15:05
(Updates with additional comments) WASHINGTON (AFP)--The White House on Sunday slammed BP PLC (BP, BP.LN) Chief Executive Tony Hayward's attendance at a yachting race as an ill-timed "big mistake," with the livelihoods of Gulf of Mexico residents still threatened by a massive oil spill. Whi
Read moreWhite House Calls Yacht Holiday By BP's Hayward 'Big Mistake'
20th Jun 2010 14:34
WASHINGTON (AFP)--The White House on Sunday slammed a yachting holiday by BP PLC (BP, BP.LN) Chief Executive Tony Hayward as "a big mistake," amid continuing criticism of his handling of the Gulf of Mexico oil spill. (END) Dow Jones Newswires June 20, 2010 09:34 ET (13:34 GMT)
Read moreBP: No Decision To Sue Anadarko Over Oil Spill Costs
20th Jun 2010 14:02
LONDON (Dow Jones)--Embattled oil company BP PLC (BP) said Sunday that it hasn't decided whether to sue Anadarko Petroleum Corp. (APC) for shirking responsibility for its share of the liabilites resulting from the Gulf of Mexico oil spill. When asked whether BP will sue Anadarko, BP spokesman An
Read moreBP To Raise $50 Bln To Cover Gulf Of Mexico Oil Spill Costs-Report
20th Jun 2010 13:04
LONDON (Dow Jones)--Embattled oil company BP PLC (BP) plans to raise $50 billion to cover the cost of the Gulf of Mexico oil spill, more than twice the amount previously disclosed, The Sunday Times reports without citing sources. The board of directors approved the plan last week, the newspaper
Read moreSunday newspaper round-up: Budget, Prudential, BP
20th Jun 2010 12:11
The Chancellor, George Osborne, is expected to deliver on Tuesday one of the harshest Budgets in decades, as he attempts to grapple with the bloated public-sector debt legacy left by Labour. Sources close to Mr Osborne said this week's emergency Budget had been finalised by Friday, breaking with the
Read moreUPDATE BP: Recovers 11,070 Bbl/Oil, 23.2 Mcf Nat Gas From Spill By Noon Sunday
20th Jun 2010 00:31
(Updates with BP's rate of oil, gas recovery for first half of Sunday) By Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) said it recovered about 11,070 barrels of oil and flared 23.2 million cubic feet of natural gas from a mile-deep leak in the U.S. Gulf o
Read moreUPDATE: BP Resumes Collecting Oil At Large Vessel On Spill Site
19th Jun 2010 21:20
(Updates with more details and comments from Plaquemines Parish President Billy Nungesser about relief efforts and a response from BP) HOUSTON (Dow Jones)--BP Plc (BP, BP.LN) said that a large drillship that stopped collecting oil overnight due to a malfunction resumed operations early Saturday.
Read moreBeleaguered BP CEO Attends Yacht Race In UK - Reports
19th Jun 2010 19:08
LONDON (AFP) -- BP Plc (BP, BP.LN) Chief Executive Tony Hayward on Saturday attended a prestigious yacht race in Britain, media reported, the day after it was confirmed he was handing over daily control of the Gulf of Mexico oil spill. The story sparked fury from environmental groups in Britain,
Read moreBP Resumes Collecting Oil At Large Vessel On Spill Site
19th Jun 2010 18:52
HOUSTON (Dow Jones)--BP Plc (BP, BP.LN) said a large drillship that stopped collecting oil overnight due to a malfunction resumed operations early Saturday. The Discoverer Enterprise, a drillship that collects oil and flares natural gas from a mile-deep well in the Gulf of Mexico through a long
Read moreBP: Collecting Vessel Shut Down Late Friday, To Restart Saturday
19th Jun 2010 16:08
HOUSTON (Dow Jones)-- BP Plc (BP, BP.LN) said Saturday that the rate at which it recovered oil leaking from a mile-deep well in the Gulf of Mexico Friday was slightly reduced due to a malfunction on the larger of the two collecting vessels. The company said that a flame arrestor--a device engine
Read moreSPIEF: NNPC Expects Tighter Drilling Rules In Niger Delta
19th Jun 2010 13:48
By Jacob Gronholt-Pedersen Of DOW JONES NEWSWIRES ST PETERSBURG (Dow Jones)--The oil spill in the Gulf of Mexico will most likely lead to tighter rules for drilling in the Niger Delta, but stronger regulation won't pose a threat to the attractiveness of foreign investments in the region, an
Read moreObama Blasts Republicans For Blocking Vote On Jobless Bill
19th Jun 2010 11:00
By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama on Saturday used his weekly radio address to blast Republicans for blocking attempts to allow votes on legislation that would extend jobless benefits and raise the liability for oil companies that harm t
Read moreBP Plans To Use Oil-Water Separators Made By Actor Costner's Co.
19th Jun 2010 09:47
PORT FOURCHON (AFP)--Hollywood star Kevin Costner and BP Chief Operating Officer Doug Suttles announced plans to begin using an invention that the actor says will accelerate clean-up of oily water from the gushing Gulf leak. "I didn't come here to save the day," an emotional Costner told reporte
Read more3rd UPDATE: Anadarko Calls Moody's Downgrade 'Surprising'
19th Jun 2010 02:31
(Adds Anadarko's reaction to Moody's downgrade.) By Kathy Shwiff and Angel Gonzalez Of DOW JONES NEWSWIRES Anadarko Petroleum Corp. (APC) late Friday called the oil spill in the Gulf of Mexico "preventable and the direct result of BP's reckless decisions and actions," allegations that BP
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