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BP has agreed to sell its oil and gas assets in Colombia for $1.9bn (£1.2bn), as the oil giant continues its programme of asset sales in the wake of the Gulf of Mexico oil spill. It is selling the exploration, production and transportation business to a consortium combining Colombia's national oil
Read moreHSBC, Britain's biggest bank, emphatically rejected suggestions yesterday that it was needlessly denying credit to small companies and claimed that most business customers were paying a lower rate of interest than before the credit crisis hit three years ago. Douglas Flint, its finance director, in
Read more(Adds maintenance at Gassco's Vesterled pipeline, Nexen's Buzzard, and Total's Elgin Franklin fields.) LONDON (Dow Jones)--The following table lists unplanned and planned outages at U.K., Norwegian and Danish oil and natural gas fields in 2009 and 2010 as reported by Dow Jones Newswires from bo
Read moreBanks are leading the way on Europe's main markets after forecast-beating quarterly figures from BNP Paribas and HSBC. France's biggest listed bank is leading the way, up almost 5%, after reporting a better-than-expected 31% rise in second-quarter net profit on Monday. Net profit for the three mon
Read moreMOSCOW (Dow Jones)--BP PLC's (BP) newly appointed Chief Executive Robert Dudley will travel with departing CEO Tony Hayward to Moscow this week to meet with Russia's top energy official Igor Sechin, a government spokesman said Monday. Dudley and Hayward will meet Sechin, who is deputy prime mini
Read moreDUBAI (Zawya Dow Jones)--The Kuwait Investment Authority, or KIA, the country's sovereign wealth fund, said Monday it has received no offer from BP PLC (BP) to raise its stake in the troubled U.K. oil major. "The Kuwait Investment Authority did not receive an offer from BP to increase its stake
Read moreLONDON (Dow Jones)--BP PLC (BP) has no plans to sell it fuel distribution business in Germany, called Aral, because it is a core operation, said a company spokeswoman Monday. BP has said it will raise $30 billion by selling oil and gas exploration and production assets, but it has, "no plans for
Read moreBP is gearing up to begin sealing the broken Maconda well in the Gulf of Mexico either tonight or tomorrow, more than three months after an explosion sparked the biggest environmental disaster in American history. Mud will be injected into the well to overpower the pressure from huge oil and gas re
Read moreBEIRUT (Zawya Dow Jones)--The Kuwait Investment Authority, or KIA, the country's sovereign wealth fund, doesn't intend to exit its stake in BP PLC and is considering acquiring an additional interest in the beleaguered oil giant, Kuwait-based Al Anba daily reports Monday, citing a senior KIA official
Read moreThe new chairman of the powerful Commons Treasury Select Committee has stepped into the escalating row over loans to small business, telling ministers to stop threatening the banks. Andrew Tyrie, the Conservative MP for Chichester, issued the warning as the high street banks braced themselves for f
Read moreSOUTH PASS, Louisiana (Dow Jones)--The amount of oil found on Louisiana's shore and waters has decreased dramatically since BP PLC (BP) shut in a leaking Gulf of Mexico well, Chief Operating Officer Doug Suttles said Sunday. Months of clean-up efforts have also improved the situation of some pla
Read moreNEW YORK (Dow Jones)--BP PLC (BP, BP.LN) reported a flaring event at its Texas City, Texas, oil refinery for a period of 24 hours from an undetermined source, a filing to Texas state environmental regulators said. The event, which began at around 9:45 a.m. CDT on Saturday, sending emissions of b
Read moreDOW JONES NEWSWIRES Italy's environment minister has added her voice to the idea of a moratorium on offshore drilling for oil and natural gas in the Mediterranean, just weeks before BP PLC (BP, BP.LN) plans to begin drilling operations off the coast of Libya, the Financial Times reports on its
Read moreNEW ORLEANS (AFP) -- After months of uncertainty and frustration, crews made preparations Sunday for an ambitious attempt to permanently seal the ruptured Gulf of Mexico oil well. The operation is one of two bids to definitively "kill" the damaged well, which has spewed noxious crude into the Gu
Read moreFRANKFURT (Dow Jones)--U.K. oil-major BP Plc (BP) is looking to sell its German petrol station business Aral as part of its divestment program to raise money to cover the cost of the Gulf of Mexico oil spill, weekly magazine WirtschaftsWoche reports ahead of publication Monday, citing unnamed invest
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