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By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) said Tuesday that Robert Dudley, the executive director who heads the company's oil spill response effort in the Gulf of Mexico, will lead the entire company from October 1 when the embattled Chief Executive Tony Hayward
27 Jul 10 07:05Oil giant BP has confirmed Tony Hayward is to step down as chief executive of the group on October 1 to be succeeded by fellow executive director Bob Dudley. Dudley currently runs the recently-established unit responsible for clean-up operations and compensation programmes in the Gulf of Mexico. He
27 Jul 10 06:57Tony Hayward is to be offered a non-executive role on the board of BP's highly profitable Russian joint venture as part of an exit package that includes early entitlement to a £600,000-a-year pension. A meeting of the oil giant's board broke up last night after discussions about the future of the c
27 Jul 10 06:39HANOI (Dow Jones)--Vietnam Oil and Gas Group, or PetroVietnam, is considering buying part of BP PLC's (BP) assets in a gas block offshore Vietnam, an official with the state-run company said Tuesday. "We are considering (the purchase), but nothing else can be said at this stage," said the offici
27 Jul 10 05:51HANOI (Dow Jones)--Vietnam's Dung Quat refinery will start processing crude from Azerbaijan and Malaysia later this year, state-run Vietnam Oil and Gas Group, or PetroVietnam, said Tuesday. The company has signed contracts with BP PLC (BP) and State Oil Company of Azerbaijan Republic for the imp
27 Jul 10 03:21(Updates to include additional details on bill proposals.) By Tennille Tracy and Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. House Democrats unveiled a bill Monday that would eliminate the cap on damage claims that BP PLC (BP, BP.LN) and other oil companies would h
27 Jul 10 02:25(Updates to include additional details on bill proposals.) By Tennille Tracy and Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. House Democrats unveiled a bill Monday that would eliminate the cap on damage claims that BP PLC (BP, BP.LN) and other oil companies would h
27 Jul 10 02:08By Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Democrats unveiled a bill Monday that would eliminate the cap on damage claims that BP PLC (BP, BP.LN) and other oil companies would have to pay for spills such as the one in the Gulf of Mexico, setting the stage for a vot
27 Jul 10 01:16U.S. stocks traded higher Monday, as the Dow Jones Industrial Average gained 101 points to 10525, the S&P 500 grew 12 points to 1115 and the Nasdaq Composite increased 27 points to 2296. Among the companies whose shares are actively trading in the after-hours session are Legg Mason Inc. (LM), Sanmin
26 Jul 10 22:00By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed higher Monday on continued enthusiasm over second-quarter earnings, though trading volumes were thin. The Bank of New York index of ADRs climbed 0.9% to 125.84. European
26 Jul 10 21:42(Updates with S&P equivalent rating in paragraph eleven) By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP.LN, BP)short-dated bonds rallied and the cost of protecting against a short-term default fell Monday to the lowest levels since June after reports that To
26 Jul 10 21:14By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP (BP BP.LN) will reconnect a drilling ship with its relief well Monday, a signal that the company is about two weeks away from beginning the final kill of its broken well, the federal response commander said. "We're not going
26 Jul 10 21:06By Chris Dieterich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP.LN, BP)short-dated bonds rallied and the cost of protecting against a short-term default fell Monday to the lowest levels since June after reports that Tony Heyward will step down as chief executive of the troubled
26 Jul 10 20:40By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of BP PLC (BP) jumped in the U.S. and London Monday as investors grew hopeful that an expected change at the company's helm could mean it believes it truly turned the corner in its spill-killing efforts. BP's
26 Jul 10 19:06WASHINGTON (AFP)--The White House warned BP PLC (BP.LN, BP) on Monday that any decision to replace Chief Executive Tony Hayward would not change its obligation to clean up the Gulf of Mexico oil spill and compensate victims. "The CEO of BP ... if he makes the decision for him to leave -- that is
26 Jul 10 18:55
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