BP: Second System To Collect Gulf Oil Spill In Operation
16th Jun 2010 15:01
LONDON (Dow Jones)--BP PLC (BP) Wednesday said it was collecting oil and gas from a second containment system attached to the Macondo well's failed blowout preventer, potentially allowing it to gather more of the oil spilling into the Gulf of Mexico. BP said oil and gas from the second system re
Read moreMARKET TALK: CDS Widens For BP Partners
16th Jun 2010 15:00
1359 GMT [Dow Jones] The cost of credit-fault swaps is rising for Anadarko and TransOcean after CDS levels for BP jumped to an all-time high. BP's CDS was 605BP as of 9:28 a.m. EDT, according to Markit. Anadarko's CDS traded at 706 BP, 20BP wider than Tuesday's close; TransOcean's CDS was 30BP wider
Read morePRESS RELEASE: ADDITIONAL OIL AND GAS CONTAINMENT SYSTEM BEGINS OPERATION
16th Jun 2010 14:56
Release Date: 16 June 2010 ADDITIONAL OIL AND GAS CONTAINMENT SYSTEM BEGINS OPERATION BP announced today that oil and gas is flowing through a second containment system attached to the Deepwater Horizon rig's failed blow out preventer (BOP). This second system supplements the lower m
Read moreUPDATE: BP Must Be Given "Certainty" On Liabilities - UK PM
16th Jun 2010 14:56
(Adds quote) LONDON (AFP)--Energy giant BP PLC (BP) must be given "certainty" about its liabilities from the Gulf of Mexico oil spill, British Prime Minister David Cameron said Wednesday. "While it is important that they pay reasonable claims--BP accept this themselves--they do need a level
Read moreBrazil ANP: Review Of BP-Devon Deal Is "Normal Procedure"
16th Jun 2010 14:52
RIO DE JANEIRO (Dow Jones)--Brazilian oil regulators are reviewing troubled oil giant BP PLC's (BP, BP.LN) purchase of offshore oil blocks from U.S. independent Devon Energy Corp. (DVN) as part of "normal approval procedures for farm-out operations," a spokesman for the country's National Petroleum
Read moreBP to put $20bn in escrow for spill claims
16th Jun 2010 14:47
BP has agreed to a demand from US president Obama to put about $20bn in an escrow account to cover claims resulting from the oil spill in the Gulf of Mexico. The UK company also agreed to cancel dividend payments to its shareholders for the rest of the year. The news came after a meeting between
Read moreBP Must Be Given "Certainty" On Oil Spill Liabilities - UK PM
16th Jun 2010 14:45
LONDON (AFP)--Energy giant BP PLC (BP) must be given "certainty" about its liabilities from the Gulf of Mexico oil spill, British Prime Minister David Cameron said Wednesday. (END) Dow Jones Newswires June 16, 2010 09:45 ET (13:45 GMT)
Read moreBP: Second Containment System Begins Operation
16th Jun 2010 14:43
LONDON (Dow Jones)--BP PLC (BP.LN), a global energy company, said Wednesday that oil and gas is flowing through a second containment system attached to the Deepwater Horizon rig's failed blow out preventer, or BOP. MAIN FACTS: -This second system supplements the lower marine riser package ca
Read moreLondon afternoon: Footsie flat
16th Jun 2010 14:41
Footsie dropped into the red over the lunchtime session before crawling back into positive territory. Little seems capable of getting investors excited, with even the highly volatile BP having a relatively quiet day. Part-nationalised lender Royal Bank of Scotland is the best performing blue chip.
Read moreRefinery Status: Conoco's Washington State Plant -2-
16th Jun 2010 14:38
from 2008 to 2010 due to economic factors. Work is progressing on the continuous catalytic reformer, expected to be completed by mid-2010, Co. said F
Read moreRefinery Status: Conoco's Washington State Plant Operating After Pump Fire
16th Jun 2010 14:38
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. ConocoPhillips'(COP) r
Read moreBP: Brazilian Officials' Visit To Gulf Ops Unrelated To Spill
16th Jun 2010 14:25
LONDON (Dow Jones)--The visit by several officials from Brazil's National Petroleum Agency to BP PLC's (BP) operations center in Houston, Texas, isn't related to the oil spill in the Gulf of Mexico, a spokesman from the company said Wednesday. The visit of the officials, who are deciding whether
Read moreBP: Worker Killed In Accident At Refinery In Rotterdam
16th Jun 2010 14:17
LONDON (Dow Jones)--A worker has been killed in an accident at BP PLC's (BP) Rotterdam refinery in the Netherlands, a spokesman for the company said Wednesday. A 22-year-old worker employed by contractor Mourik was killed after being struck by a piece of concrete, the BP spokesman said. BP h
Read moreMARKET TALK: BP CDS Jump To All-Time High
16th Jun 2010 14:16
1314 GMT [Dow Jones] BP credit default swaps rise to 610 BP as of 8:56 a.m. EDT, up 115 BP from Tuesday's close at 495 BP, according to CMA DataVision. BP's CDS levels are now trading at an all-time high. ([email protected]) Contact us in New York. Darlene Ross, 212 416-2166;
Read moreObama Aide: Govt To Use Every Device To Make BP Pay For Cleanup
16th Jun 2010 13:34
WASHINGTON (AFP)--The U.S. government will use "every device" available to get BP Plc (BP) to pay to clean up the oil spill in the Gulf of Mexico, a senior aide to President Barack Obama said Wednesday. Obama aide David Axelrod spoke hours before Obama was to meet BP Chairman Carl-Henric Svanber
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