BP Hopes To Increase Capture Rate By 40,000 To 50,000 Bbls/Day
11th Jun 2010 16:50
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--In a strategic and delicate dance of drilling ships, tankers and undersea remote-controlled robots around a broken well in the U.S. Gulf of Mexico, BP PLC (BP, BP.LN) hopes to increase its daily collection rate to 40,000 to 50,000 ba
Read moreLondon close: BP recovery lifts Footsie
11th Jun 2010 16:34
Footsie closed in the blue after recovering from an earlier dive on the back of disappointing retail sales in the US. BP was in focus as the oil giant recovered from heavy losses that have come in the wake of the ongoing oil leak in the Gulf of Mexico. BP finished 8% higher, despite the amount of
Read moreFTSE 100 movers: BP recovers despite dividend concerns
11th Jun 2010 16:31
BP is the largest riser in the Footsie, despite rumours that the company is planning to suspend dividend payments. The suggestion is that it will instead put the money in escrow, ready to be released to shareholders once the company knows how much it will have to pay out in relation to the Gulf of
Read moreMARKET TALK: Short-Term BP Bonds Cheap But Beware Volatility
11th Jun 2010 16:24
1524 GMT [Dow Jones] BP's (BP) short-term bonds currently look very compelling, says BNP Paribas analyst Richard Birrer, adding that the dollar-denominated 5.25% due 2013 and 3.625% due 2014 yielding 6.5% and 6.1% respectively, compared with pre-spill yields of 2.2% and 2.5%. Says that, in the near
Read moreUS HOT STOCKS: Wendy's/Arby's, ArcSight, BP, Buckeye GP
11th Jun 2010 15:24
U.S. stocks were mixed on Friday as the Dow Jones Industrial Average slipped 12 points to 10158, the S&P 500 dropped 0.8 points to 1086 and the Nasdaq Composite rose 6.7 points to 2226. Among the companies whose shares are actively trading are Wendy's/Arby's Group Inc. (WEN), ArcSight Inc. (ARST) an
Read moreRefinery Status:Tesoro WA Plant To Be Shut Till Sept At Least
11th Jun 2010 14:44
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. Tesoro Corp.'s (TSO) r
Read moreRefinery Status:Tesoro WA Plant To Be Shut Till -2-
11th Jun 2010 14:44
Valero Port Arthur 325.0 77,000-b/d FCCU at reduced n/a TX rates since mid-Dec for economic reasons. Valero Sunray, TX 170.0 55,000-b/d FCCU at reduced n/a rates since mid-Dec for
Read moreLondon afternoon: US retail sales data spooks equities
11th Jun 2010 14:40
Footsie's morning gains evaporated over the lunchtime session after much worse than expected US sales figures were released. US retail sales had been expecting to rise 0.3% in May after climbing 0.4% in April but instead of rising they took a step back for the first time since September, falling 1
Read moreUPDATE: Russia's Rosneftegaz Has No Plans To Buy TNK-BP Kovykta
11th Jun 2010 14:36
(Adds background, analyst comment.) By Jacob Gronholt-Pedersen Of DOW JONES NEWSWIRES MOSCOW (Dow Jones)--A Russian state holding company has no plans to buy the huge Kovykta gas field from BP PLC (BP)'s Russian joint venture TNK-BP, a senior government official said Friday, dealing anot
Read moreAmerican Capital Energy, MSM Energy Form India Solar Joint Venture
11th Jun 2010 14:11
NEW DELHI (Dow Jones)--U.S.-based American Capital Energy Inc. and MSM Energy said Friday they have set up a joint venture to build and service solar photovoltaic systems in India, taking advantage of the country's plans to use more renewable energy sources. The company, ICE Solar, will start op
Read moreBEFORE THE BELL -2: US HOT STOCKS TO WATCH
11th Jun 2010 13:43
Among the companies whose shares are expected to actively trade in Friday's session are Wendy's/Arby's Group Inc. (WEN), ArcSight Inc. (ARST) and Dell Inc. (DELL). Billionaire Nelson Peltz disclosed Thursday that a third party has made an oral expression of interest in a potential acquisition i
Read moreFinancial News: BP Dividend Woes To Force Fund Managers To Look Overseas
11th Jun 2010 13:34
By William Hutchings Of FINANCIAL NEWS Any decision by oil giant BP PLC (BP) to suspend its next dividend payment could spur a backlash among retail investors and hasten the end of an era for U.K. equity income funds as they refocus to invest globally. BP is a favourite investment of man
Read moreSector movers: BP recovery lifts oils
11th Jun 2010 13:32
A recovery in the share price of BP has given the oil and gas sector a lift. The reports are still not good, but today's rise comes after sharp falls earlier in the week. The amount of oil spilling out of the leak into the Gulf of Mexico may be more than double original estimates according to the
Read moreClegg Warns Against "Spat" With US Over Oil Spill
11th Jun 2010 13:26
MADRID (AFP)--U.K. Deputy Prime Minister Nick Clegg warned Friday against allowing a "diplomatic spat" to develop with the United States over the Gulf of Mexico oil disaster involving British energy giant BP. "I think everyone is united on both sides of Atlantic, quite rightly and understandably
Read moreBEFORE THE BELL: US Stock Futures Near Even Ahead Of Economic Data
11th Jun 2010 12:50
By Steve Goldstein U.S. stock futures were near even Friday as traders waited for retail sales and consumer confidence reports before committing to extending--or reversing--the previous session's big rally. S&P 500 futures were flat at 1079.50 and the Nasdaq 100 futures edged up a quarter p
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