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DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said late Tuesday that it has not yet started testing a sealing cap the company placed over a leaking well in the Gulf of Mexico, but that the company collected 4,090 barrels of oil and flared, or burned, 3,885 barrels of oil earlier in the day. The U.
13 Jul 10 00:48(Updates with reaction; more details on ban.) By Siobhan Hughes and Stephen Power WASHINGTON (Dow Jones)--The Obama administration on Monday issued a new moratorium on most deepwater-drilling activities, trying again with a policy that has already been invalidated by federal courts and deal
12 Jul 10 23:18(Updates with reaction; more details on ban.) By Siobhan Hughes and Stephen Power WASHINGTON (Dow Jones)--The Obama administration on Monday issued a new moratorium on most deepwater-drilling activities, trying again with a policy that has already been invalidated by federal courts and dea
12 Jul 10 23:02HOUSTON (Dow Jones)--BP Plc (BP) plans to execute a flare at its Los Angeles area refinery Tuesday through Thursday, according to a filing with environmental regulators. The filing didn't give any details about why Carson, Calif., refinery must flare. The refinery can process up to 265,000 barre
12 Jul 10 22:57By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Obama administration on Monday issued a new moratorium on most deepwater-drilling activities, trying again with an approach that has already been invalidated by federal courts and dealing a blow to companies that had hoped
12 Jul 10 22:10(Updates with more details and comments from BP executive) By Cassandra Sweet and Susan Daker Of DOW JONES NEWSWIRES BP PLC (BP, BP.LN) said Monday that it has started collecting oil from the Helix Producer vessel and aims to complete installation of a new sealing cap later in the day as
12 Jul 10 22:01By Victoria Finkle Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed lower, with Latin America posting the biggest drop. The Bank of New York index of ADRs closed down 0.4% to 120.54. Miners were hit, as Japan's Fair Trade Commission is e
12 Jul 10 21:57U.S. stocks traded higher Monday as the Dow Jones Industrial Average rose 18 points to 10216, the Standard & Poor's 500 inched up 0.8 points to 1079 and the Nasdaq Composite climbed 1.9 points to 2198. Among the companies whose shares are actively trading in the late session are Alcoa Inc. (AA) and
12 Jul 10 21:55By Stan Rosenberg Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Monday's typically start out slowly in credit markets, but Treasurys were busy with a $35 billion three-year auction, while investment-grade and high-yield corporates also saw new issuance. Nearly $3 billion of asset-backed secur
12 Jul 10 21:38By Donna Kardos Yesalavich Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC's (BP, BP.LN) shares jumped in the U.S. and London Monday as deal speculation increased while plans for a new sealing cap also raised hopes for the company's efforts to stop the leak in the Gulf of Mexico. BP
12 Jul 10 20:26By Liam Denning A DOW JONES COLUMN Even for Exxon Mobil, $48 billion is a big number. That is the drop in BP's market capitalization, relative to its peers, since disaster struck in the Gulf of Mexico on April 20. If--and it is a big "if"--the market has overreacted, then Exxon could acquire
12 Jul 10 18:40U.S. stocks traded lower Monday as the Dow Jones Industrial Average slipped 4.9 points to 10193, the Standard & Poor's 500 declined 2.1 points to 1076 and the Nasdaq Composite lost 3.5 points to 2193. Among the companies whose shares are expected to actively trade in Monday's session are Hewitt Asso
12 Jul 10 18:12NEW ORLEANS (AFP)--A presidential commission officially launched its probe of the BP Plc (BP) oil spill Monday at a public meeting in New Orleans as engineers worked to fit a new cap on the gushing well about 52 miles offshore. "I wish that we had the power to bring immediate solutions to stop t
12 Jul 10 16:59BP was in the driving seat, helping Footsie to good gains as the oil giant's shares rallied on the back of bid talk and hopes that the beginning of the end of the Gulf of Mexico oil leak is in sight. BP said the cost of the clean-up in the Gulf of Mexico has risen to $3.5bn from $3.12bn a week ago
12 Jul 10 16:38Dow Jones] If Apache Corp. (APA) buys BP PLC's (BP) Alaska assets for about $12 billion the Houston-based company could face several challenges, UBS's analysts say. Apache has no experience in Artic development, the deal would need to be financed with material equity issuance of more than $5 billion
12 Jul 10 16:07
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