London open: BP revival lifts Footsie
11th Jun 2010 08:58
A revival by BP has started Footsie off on the front foot this morning after a surge by oil stocks on Wall Street overnight. BP is the best performer. The company yesterday reported the amount of oil is capturing from the Gulf of Mexico leak has risen to 15,800 barrels per day, though an upward rev
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
11th Jun 2010 08:51
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0751 GMT [Dow Jones] BP (BP) +5.3% at 385.0p, climbing to the top of the FTSE 100, after the shares have lost about 12% th
Read moreMARKET TALK: BP Rises To Top Of FTSE 100 After Torrid Week
11th Jun 2010 08:51
0751 GMT [Dow Jones] BP (BP) +5.3% at 385.0p, climbing to the top of the FTSE 100, after the shares have lost about 12% this week alone. Sam Wright at Spreadex says the speculators are pausing for breath, despite the US government doubling its estimate of the Gulf oil spill. Another London-based tra
Read moreTNK-BP Won't Be Affected By Gulf Of Mexico Oil Spill -Report
11th Jun 2010 08:49
ZURICH (DOW JONES)--The Gulf of Mexico oil spill won't have any direct impact on Russia's third-largest oil producer TNK-BP (TNBP.RS), the NZZ newspaper reports Friday, citing comments from businessman Viktor Vekselberg. Vekselberg, who holds a 12.5% stake in the joint venture between BP PLC (BP
Read moreMARKET TALK: Goldman Takes A Fresh Look At BP, Sees Upside
11th Jun 2010 08:32
0732 GMT [Dow Jones] Goldman Sachs takes a fresh look at BP (BP), and notes its shares have fallen 12% this week, due to increased pressure on management from the US administration, however no material negative news came through in terms of the size or potential cost of the oil spill, according to G
Read moreBP spillage estimates double
11th Jun 2010 07:50
The amount of oil spilling out of the leak into the Gulf of Mexico may be more than double original estimates according to the latest reports from the US body monitoring the spill. The US Geological Survey now suggests 25,000 to 30,000 barrels daily may have been leaking ever since the Deepwater Ho
Read moreCaribbean Officials Worry Oil Spill May Reach Pristine Shores
11th Jun 2010 07:11
BRIDGETOWN, Barbados (AFP)--Caribbean officials told U.S. Secretary of State Hillary Clinton Thursday they were worried at the prospect the mammoth Gulf of Mexico oil spill may reach their islands' famously pristine beaches. Noting the "very sobering" analysis from Bahamian Foreign Minister T. B
Read moreFriday newspaper round-up: BP, Prudential, Brit Insurance
11th Jun 2010 06:43
A new calculation of the amount of oil spilled into the Gulf of Mexico from the fractured BP oil rig have dramatically increased the estimate, suggesting an amount equivalent to the Exxon Valdez disaster could be pouring into the ocean every eight to 10 days. The fresh estimate from a US government
Read moreUK Press Blasts US President Obama Over BP 'Attacks'
11th Jun 2010 04:50
LONDON (AFP)--U.K. newspapers laid into Barack Obama on Friday for his "jingoistic" rhetoric over BP PLC (BP) and urged Prime Minister David Cameron to stand up to the U.S. president. Broadsheets and tabloids alike hit back at Obama for his tone towards the U.K. oil giant as fears grew that he c
Read moreDrilling Moratorium A Manmade Disaster - Louisiana Governor
11th Jun 2010 03:33
GRAND ISLE, La. (AFP)--Louisiana Gov. Bobby Jindal Thursday called a six-month moratorium imposed on exploratory offshore drilling a manmade disaster that will only compound the state's suffering in the wake of a massive oil spill in the Gulf of Mexico. "Our bottom line is that we absolutely wan
Read more3rd UPDATE: Senate Rejects Motion To Block EPA Emissions Rules
11th Jun 2010 02:21
(Updates with comment from President Barack Obama in fourth paragraph.) By Siobhan Hughes and Corey Boles Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Senate Democrats, responding to the environmental wing of the party's base, held together enough lawmakers to fend off a Republica
Read moreUPDATE:Coast Guard Adm Asks BP Chmn To Meet With Obama June 16
11th Jun 2010 02:08
(Updates with response from BP in third paragraph.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. commander overseeing the response to the BP PLC (BP) oil spill on Thursday asked the company's chairman and "any appropriate officials" to meet with U.S. Presiden
Read moreUPDATE: BP: Collected 7,630 Barrels Of Oil Thursday
11th Jun 2010 01:18
(Updates to include time period when oil was collected) DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Thursday that its containment system collected 7,630 barrels of oil earlier in the day, after collecting 15,800 barrels of oil Wednesday from a broken well in the U.S. Gulf of Mexico. Th
Read moreBP Colombia Gas Operations Back To Normal As Workers End Strike
10th Jun 2010 23:04
BOGOTA (Dow Jones)--BP PLC (BP) operations in Colombia's Cusiana gas field are back to normal as workers have ended a two-week strike, the union and a company official said Thursday. A group of protesting workers began the strike last month over pay, and had blocked access to BP operations in th
Read moreAT A GLANCE: BP Shares Rise; Political Pressure Remains
10th Jun 2010 22:58
THE NEWS: Shares of BP PLC (BP, BP.LN) rose Thursday in the U.S., narrowing sharp losses incurred Wednesday, as fears eased about the U.K. oil giant's ability to withstand the expense of Gulf of Mexico oil spill. However, U.S. lawmakers continue to ratchet up the rhetoric that BP must stop the c
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