UPDATE - BP denies Texas a cash advance, gets scathing response
2010-07-30 03:42:33
Keywords: Crude Oil,Energy and Resources,Marine (sub-industry),
Quote: Thu Jul 29, 2010 7:07pm EDT
* BP rejects Texas request for $25 mln clean up grant * BP to pay Texas clean up costs when they arise - Letter * State affected by tar balls, less damaged than others * Top Texas officials criticize BP in response letter(New throughout with more details from letters, attempts to
reach BP, background; adds byline.) By Joshua Schneyer NEW YORK, July 29 (Reuters) - Oil giant BP Plc (BP.L)
rejected a request from Texas for a $25 million cash advance to
clean up shorelin...
Read articleBP lawsuits over oil spill take center stage
2010-07-30 03:42:32
Keywords: United States of America,Major Breaking News,Disasters,Washington / US Government News,Domestic Politics,Environment,Energy and Resources,Crude Oil,Products from Crude Oil,Energy Markets,Science; technology,Energy equipment and services,United Kingdom,Wes
Quote: government wants them handled in New Orleans * Operation to kill well could proceed this weekend * BP shares close 2 percent higher in New York(Adds Allen quote, details on clean-up, "static kill") By George Prentice BOISE, Idaho, July 29 (Reuters) - More than 2,000 miles
(3,200 km) from the Gulf of Mexico shoreline, a panel of U.S.
judges heard arguments from lawyers on Thursday on how piles of
oil spill-related lawsuits against BP Plc (BP.L) (BP.N) should
be merged. The panel, meeting in Boise...
Read articleBP in Talks to Sell Assets In Venezuela
2010-07-30 03:42:30
Quote: By GUY CHAZANBP PLC is in talks to sell its stakes in oil projects in Venezuela to its Russian joint venture TNK-BP Ltd., part of a $30 billion asset disposal program designed to help it meet the costs of the Gulf of Mexico oil spill.In a statement, TNK-BP said it supported BP's intent to "strategically realign its asset base in Venezuela, and is actively evaluating the opportunity to participate in the assets." It said it viewed it as a chance to expand internationally and increase its presence...
Read articleLawyers Make Their Pitch for Venue of Oil-Claims Suits
2010-07-30 03:42:30
Quote: By DIONNE SEARCEYBOISE, Idaho—Louisiana plaintiffs' attorneys appealed to a federal judicial panel on Thursday to send the sprawling oil-spill litigation to a judge in New Orleans, while defense attorneys said the setting was too tainted by the slick and argued instead for Houston.They were among the roughly 250 attorneys who showed up at the federal courthouse here to make their pitch for a venue for the more than 300 civil cases filed against BP PLC and others. Mississippi and South Caro...
Read articleMichigan Oil Spill Prompts Evacuations, Finger-Pointing
2010-07-30 03:42:30
Quote: But company officials are sticking with their earlier estimation of 819,000 gallons.Unlike the BP PLC oil gusher in the Gulf of Mexico, this gushing pipe near Battle Creek, Mich., was capped relatively quickly after its owners were able to shut down the line almost immediately after its discovery. The pipe rupture has already forced the evacuation of several dozen residents who live near the Kalamazoo River, forced the river's closure to the public and raised questions about whether the pipeline...
Read articleUS House to take up offshore drilling reform bill
2010-07-30 03:42:29
Keywords: United States of America,Washington / US Government News,Crude Oil,Energy and Resources,Gasoline,Products from Crude Oil,Natural Gas,Coal,Environment,Renewable energy,Emissions,Domestic Politics,Integrated oil and gas,General News. International News Serv
Quote: Read articleEfforts Doubled to Clean Up Michigan Oil Spill
2010-07-29 03:50:48
Quote: That would make it one of the largest ever in the history of the Midwest.Unlike the BP PLC oil gusher in the Gulf of Mexico, this spill was capped relatively quickly after its owners were able to shut down the line almost immediately after its discovery. The pipe rupture has already forced the evacuation of several dozen residents who live near the Kalamazoo River, forced the river's closure to the public and raised questions about whether the pipeline's owner reported the spill in a timely way....
Read articleWhy Robert Dudley's BP Could Be Even Riskier
2010-07-29 03:50:47
Keywords: BP, CEO, Robert Dudley, Tony Hayward, Gulf oil spill, deepwater drilling, oil and gas exploration, safety practices, PFC Energy, production asset sales, oil field sales, Prudhoe Bay, Apache, TNK-BP, Russia, Angola, Egypt, Brookshire Advisory
Quote: Read articleShell Q2 net profit up 15 percent
2010-07-29 03:50:46
Keywords: Shell Q2 net profit up 15 percent, bp,rds-a, earnings
Quote: THE HAGUE, Netherlands (AP) -- Royal Dutch Shell, Europe's largest oil company, reported a 15 percent rise in net profit for the second quarter thanks to higher oil and gas prices and the early completion of a cost-cutting program.Net profit during the period was $4.39 billion, up from $3.82 billion last year.Revenue swelled to $90.57 billion from $63.88 billion, as prices rose and the company produced more oil.Chief executive Peter Voser said Thursday the results represented "a good performance...
Read articleGulf spill lacks societal punch of Santa Barbara
2010-07-29 03:50:46
Keywords: Gulf spill lacks societal punch of Santa Barbara, bp
Quote: Read articleShell profit up 15% as production increases
2010-07-29 03:50:45
Keywords: Industries|Energy, RDSA, Royal Dutch Shell Plc, RDS.A, Royal Dutch Shell PLC, RDSA, Royal Dutch Shell Plc, BP., BP plc, BP., BP plc, BP, BP PLC
Quote: Read articleGulf cleanup will change once oil stops for good
2010-07-29 03:50:44
Keywords: Gulf cleanup will change once oil stops for good, bp
Quote: Thad Allen said crews are having trouble finding patches of the crude that had been washing up on beaches and coating delicate coastal wetlands since the Deepwater Horizon offshore drilling rig exploded April 20, killing 11 people.Though no one knows for sure how much oil might be lurking below the surface, most of what was coming ashore has broken up or been sucked up by skimming boats or burned."The oil that we do see is weathered, it is sheen," Allen said.Barring a calamity, the oil won't sta...
Read articleTax Code Goof: Could BP Claim a $10B Credit for Gulf Oil Spill Loss?
2010-07-28 06:40:44
Quote: Read articleBP: In Depth Analysis for the June 2010 Quarter
2010-07-28 06:40:43
Quote: Read articleDudley Off to a Shaky Start at BP
2010-07-28 06:40:42
Quote: Read articleBP Hopes for CEO Savior in American Robert Dudley
2010-07-28 06:40:41
Quote: Read articleBP hopes to turn page with new CEO, leaner company
2010-07-28 06:40:41
Keywords: BP hopes to turn page with new CEO, leaner company, apa,bp
Quote: "What's not fair is the actions of some have caused the greatest environmental disaster that our country has ever seen."BP PLC announced the move nearly 100 days into a catastrophic mile-deep blowout that killed 11 workers, spewed 94 million to 184 million gallons of oil and sapped 35 percent, or $60 billion, of BP's market value."We are taking a hard look at ourselves, what we do and how we do it," BP Chairman Carl-Henric Svanberg said.Svanberg said the company's priority was to stop the Gulf l...
Read articleWhy BP Is Not Toyota
2010-07-28 06:40:40
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Daniel Dicker, Senior Contributor ,Street Picks
Quote: Read articleUPDATE - BP's Hayward quits as spill cost put at $32 bln
2010-07-27 03:39:27
Keywords: Europe,Western Europe,United Kingdom,Energy and Resources,Major Breaking News,Corporate Results,Management issues/policy,Disasters,Environment,Domestic Politics,Washington / US Government News,Diplomacy; International Relations,Integrated oil and gas,Unit
Quote: 1, replaced by Dudley * BP takes $32.2 bln spill charge, posts $17 bln Q2 loss * To sell assets worth $30 bln over next 18 mths, cut debt * To consider dividend position at Q4 results * Hayward to get $1.6 million in lieu of notice(Adds details, background) LONDON, July 27 (Reuters) - BP Plc chief executive Tony
Hayward will step down as head of the oil giant on Oct. 1 and be
replaced by fellow executive Robert Dudley. News of Hayward's departure came as the company announced on
Tuesday it would...
Read articleBP confirms Hayward departure as CEO
2010-07-27 03:39:26
Keywords: BP confirms Hayward departure as CEO, bp
Quote: LONDON (AP) -- BP PLC said Tuesday that embattled Chief Executive Officer Tony Hayward will step down on Oct. 1 -- to be succeeded by American Robert Dudley -- and that it has set aside $32.2 billion to cover the costs of the Gulf of Mexico oil spill.In a statement accompanying its quarterly earnings update, in which BP reported a record quarterly loss, the company said the decision was made by mutual agreement. In a mark of faith in its outgoing leader, it said it planned to recommend Hayward, ...
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