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By John Balassi May 7 (IFR) - Ten high-grade issuers took the plunge in the US primary market on Tuesday, encouraged by a broad risk-on tone provided by global central bank actions and surprisingly decent economic data from the eurozone. Corporate issuers hardly need more encouragemen
Read moreBy John Kemp LONDON, May 7 (Reuters) - No one has ever seen an oil field. Typically buried thousands of feet below the surface, oil fields are like a sponge saturated with a mixture of oil, water and gas, rather than the underground cavern most people imagine when they think about oil
Read more* First-qtr EPS C$0.54 vs C$$0.60 year earlier * Adjusted EPS C$0.56 * Cash flow rises 9 percent * Says first production on track for Sunrise project May 7 (Reuters) - Husky Energy Inc, Canada's No.3 integrated oil company, reported a 9 percent drop in first-quarter profit
Read moreMay 7 (Reuters) - Husky Energy Inc, Canada's No.3 integrated oil company, reported a 9 percent drop in first-quarter profit due to lower crude prices. Husky, controlled by Hong Kong billionaire Li Ka-Shing, said its net income fell to C$535 million ($530 million), or 54 Canadian cents per s
Read more* Crude futures end higher in choppy, thin volume trade * Brent/U.S. crude spread seesaws, ends wider * Valero restarts McKee, Texas refinery crude unit NEW YORK, May 6 (Reuters) - U.S. cash crude differentials were mixed on Monday, with trades done in wide ranges as the transatlanti
Read more* Upgraded crude unit start-up could slip into June * $4 billion project to boost refinery's Canadian crude capacity (Adds BP comment, Genscape report, background, details.) HOUSTON, May 6 (Reuters) - BP Plc plans to begin the start-up of an upgraded crude distillation unit at its 4
Read moreHOUSTON, May 6 (Reuters) - BP Plc plans to begin the start-up of an upgraded crude distillation unit at its 405,000 barrel per day (bpd) Whiting, Indiana, refinery at the end of May, according to sources familiar with refinery operations. The start-up of the CDU, called Pipestill 12, could
Read moreLONDON, May 6 (Reuters) - The following FTSE 100 companies will go ex-dividend on Wednesday, after which investors will no longer qualify for the latest dividend payout. According to Reuters calculations at current market prices, the effect of the resulting adjustment to prices by market-m
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BP's first quarter results beat analysts' expectations by 35 per cent driven by strong trading, lower costs and production of higher-margin barrels. Production will be a major driver of future growth, according to The Sunday Telegraph's Questor. Total oil production is forecast to rise more strongly
Read more* Crude futures rally on U.S. jobs report * Brent/U.S. crude spread narrows * North Dakota crude pipeline shut after leak NEW YORK, May 3 (Reuters) - U.S. cash crude differentials were mixed on Friday, but most weakened as the transatlantic spread between Brent and U.S. crude futures
Read moreMay 3 (Reuters) - BP Plc reported a glitch that caused a release at its 405,000 barrel per day (bpd) Whiting, Indiana, refinery, according to a filing with national pollution regulators on Thursday. The release is ongoing until operations can stabilize the system, the filing with the Nation
Read more* Gulf Coast gas processing plant to shut, curb oil output * Crude futures rally * Brent/U.S. crude spread narrows NEW YORK, May 2 (Reuters) - U.S. cash crude differentials strengthened on news of planned maintenance at a Mississippi gas processing plant expected to reduce Gulf of Me
Read moreNEW YORK, May 2 (Reuters) - Planned month-long maintenance at a major BP gas processing plant in Pascagoula, Mississippi, will shut in a "tremendous" amount of Gulf of Mexico oil production, the chief executive of Plains Exploration & Production said on Thursday. Plains said it had been notif
Read moreNEW YORK, May 2 (Reuters) - BP unit BP America Corp. will shut its Pascagoula gas processing plant in Mississippi for 36 days of planned maintenance beginning on May 3, Plains Exploration & Production said in a release on Thursday.
Read more* Security costs jump after deadly desert attack * Company sources say better contract terms needed * Amended hydrocarbon law unattractive - energy firms * Global competition due to grow as gas projects start By Julia Payne and Peg Mackey LONDON, May 2 (Reuters) - BP
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