BP COO: Target Date To Plug Gulf Oil Spill Remains Early August
18th Jun 2010 18:50
HOUSTON (Dow Jones)--BP PLC's (BP, BP.LN) target date to permanently shut down a massive oil spill in the Gulf of Mexico is still early August, the date when the first of two relief wells designed to staunch the flow from the damaged Macondo well will be completed, the company said Friday. The p
Read moreBP WATCH: BP's US Shares Edge Up Despite Moody's Downgrade
18th Jun 2010 18:36
By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP) shares rose in the U.S. Friday despite another hit to its credit rating, as investors saw the actions of the past week as removing some uncertainty and perhaps marking a bottom for the stock. BP's Ameri
Read moreBP Chairman: Still Estimating Cost,Damages From Spill -Sky News
18th Jun 2010 18:15
LONDON (Dow Jones)--BP PLC (BP, BP.LN) Chairman Carl-Henric Svanberg on Friday said that the oil major is still estimating the costs and damages from the Gulf of Mexico oil spill, but expects the company to emerge from the crisis. "You must remember BP is a very strong company," Svanberg said in
Read moreBP gives up rally after downgrade
18th Jun 2010 18:03
BP gave up its rally Friday after a third credit rating agency downgraded its view of the stock. Moody's has cut BP's credit rating by three notches to A2 from Aa2. The downgrade comes after similar moves by Fitch and Standard & Poor's earlier in the week. Shares in BP had started the day buildin
Read moreUPDATE: USCG Adm. Allen: 25,000 B/D Of Oil Captured From Gulf Leak Thu
18th Jun 2010 16:54
(Updates to add details from BP website, background) By Angel Gonzalez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Responders at the site of the mile-deep BP PLC (BP, BP.LN) spill in the Gulf of Mexico said Friday they captured some 25,000 barrels of oil on Thursday. About 16,000 barre
Read morePRESS RELEASE: S&P Cuts Mississippi Dev Bank's 2005 Bonds To 'A'
18th Jun 2010 16:47
The following is a press release from Standard & Poor's: -- The ratings on Mississippi Development Bank's (MDB) gas supply revenue transaction are currently linked to the rating on BP Corporation North America Inc. (BPNA), which guarantees the obligations of MDB's gas supplier. -- Bond pa
Read morePRESS RELEASE: S&P Cuts American Public Energy Agency 2005 Bonds To 'A'
18th Jun 2010 16:47
The following is a press release from Standard & Poor's: -- The ratings on American Public Energy Agency's (APEA) series 2005 gas supply revenue transaction are currently linked to the rating on BP Corporation North America Inc. (BPNA), which guarantees the obligations of APEA's gas supplier.
Read morePRESS RELEASE: S&P Cuts American Pub Energy Agcy 2003A, B Gas Rev Bnds To 'A'
18th Jun 2010 16:45
The following is a press release from Standard & Poor's: -- The ratings on American Public Energy Agency's (APEA) 2003A and B gas supply revenue transaction are currently linked to the rating on BP Corporation North America Inc. (BPNA), which guarantees the obligations of APEA's gas supplier.
Read moreLondon close: Winning streak comes to an end
18th Jun 2010 16:44
Hopes of Footsie making it eight days of rises in a row were dashed at the death. Leaders outnumbered laggards among FTSE 100 stocks but with BP giving up the gains of the morning after a downgrade from debt ratings agency Moody's the blue-chip index ended marginally easier on the day. BP, for once
Read morePRESS RELEASE: S&P Cuts Pub Energy Auth of Kentucky Bonds To 'A'
18th Jun 2010 16:42
The following is a press release from Standard & Poor's: -- The ratings on Public Energy Authority of Kentucky Inc.'s (PEAK) gas supply revenue transaction are currently linked to the rating on BP Corporation North America Inc. (BPNA), which guarantees the obligations of PEAK's gas supplier.
Read moreMARKET TALK: Only Amateur Investors Buying BP Stock -Deutsche
18th Jun 2010 16:38
[Dow Jones] There are a "tiny heroic few" investors currently buying BP PLC's (BP) stock, regardless of the uncertainties surrounding the companies' liability on the massive oil spill in the Gulf of Mexico. They are "that worrisome combination of Wall Street professional/amateur investor," with an i
Read moreUPDATE:Total JV Guilty In UK Buncefield Disaster-Regulator
18th Jun 2010 16:31
(Adds more details, joint-venture comment.) By Benoit Faucon Of DOW JONES NEWSWIRES LONDON (Dow Jones)--A jury at a U.K. court Wednesday found a joint-venture 60%-owned by Total SA (TOT) guilty of failing to prevent a huge fire its Buncefield oil storage depot in Dec. 2005, U.K. regula
Read moreBP Hires Advisers For GBP6.5 Bln Asset Sale - Report
18th Jun 2010 16:30
LONDON (Dow Jones)--BP PLC (BP) has hired advisers to assemble a portfolio of assets that will be sold in the next year to raise more than GBP6.5 billion, Sky News reports on its website Friday. BP has enlisted Martin Lovegrove, an oil and gas banker from Standard Chartered PLC (STAN.LN), to dra
Read moreSPEIF: Lukoil Exec: BP Was "Really Unlucky" With Oil Spill
18th Jun 2010 15:56
ST PETERSBURG (Dow Jones)--The Gulf of Mexico oil spill was an "unlucky" accident which will hopefully lead to new regulation for offshore deep water drilling, an executive at Russian oil producer OAO Lukoil Holdings (LKOH.RS), said Friday. "The risk of something like this happening is one in a
Read morePRESS RELEASE: S&PBulletin: Texas Muni Gas II Rtg Unaffected By BP Downgrade
18th Jun 2010 15:53
The following is a press release from Standard & Poor's: NEW YORK (Standard & Poor's) June 18, 2010--Standard & Poor's Ratings Services said today that the June 17, 2010 downgrade on BP Corporation North America Inc. (BPNA; A/Watch Neg/A-1) does not affect the rating or outlook on Texas Municipal G
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