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Royal Bank Of Scotland could break back into the black this week, boosting hopes that taxpayers could make a profitable exit from the government's bank bailouts. Analysts expect RBS to post a pre-tax profit of about £200m for the first six months of the year, ending a two-year run of multi-billion
Read moreLONDON (Dow Jones)-The owners of BP PLC's 11,300 petrol stations in the U.S. are actively considering whether to ditch the BP brand in the wake of poor gasoline sales at some outlets following the U.S. Gulf of Mexico oil spill and revert to using the Amoco brand, The Sunday Telegraph reported. B
Read more(A report "Efforts To Prepare Relief Well To Kill Gulf Spill Continued Sat" published at 10:05 p.m. EDT misstated in the sixth paragraph the amount of coastline affected by the Gulf oil spill. A corrected version follows.) NEW YORK (Dow Jones)--Work continued Saturday to prepare a relief well t
Read more(Updates with Coast Guard statement about the estimated size of the well leak.) NEW YORK (Dow Jones)--The U.S. Coast Guard said that operations will begin Sunday to secure a leak at a well off the coast of Louisiana. "When the source is secured, a cap will be installed to ensure the wellhea
Read moreNEW YORK (Dow Jones)--The U.S. Coast Guard said that operations will begin Sunday to secure a leak at a well offshore Louisiana. The leak began after the well was hit by a towing vessel four days ago. "When the source is secured, a cap will be installed to ensure the wellhead is permanently
Read moreBERLIN (AFP)--Cash-strapped British oil giant BP PLC (BP, BP.LN) is looking to sell its German fuel station unit, Aral, for at least EUR2 billion, a German magazine reported Saturday. Wirtschaftswoche cited unnamed investment bankers as saying that potential buyers of Germany's leading petrol st
Read moreLONDON (AFP)--Incoming BP PLC (BP, BP.LN) boss Bob Dudley next week will fly to Moscow to meet shareholders of its Russian joint venture TNK-BP, as relations thaw between the two companies, the Financial Times said Saturday. The visit will be Dudley's first trip to Russia since being forced to f
Read moreMIAMI (AFP)--With oil from the BP PLC (BP, BP.LN) spill fast disappearing from the surface of the Gulf of Mexico, a marine conservation group is embarking on a two-month expedition to evaluate the impact of oil remaining below the surface. The study by the conservation group Oceana set to begin
Read moreBy Edward Welsch Of DOW JONES NEWSWIRES CALGARY (Dow Jones)--TransCanada Corp. (TRP, TRP.T) received multiple bids from major shippers to participate in its proposed Alaska natural-gas pipeline project, though many came with conditions, the company's executive in charge of the project said F
Read more("=UPDATE: BP, Exxon To Explore For Oil, Gas In Offshore Arctic -Imperial," at 6:15 p.m. EDT, and the original story at 5:27 p.m. EDT, incorrectly spelled the name of the city Inuvik in the in the third paragraph. A corrected version follows:) By Edward Welsch Of DOW JONES NEWSWIRES CALG
Read more(Updates with comment from head of the American Petroleum Institute and more details.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. House of Representatives on Friday voted to overhaul the entire system of offshore drilling, responding to the worst offshore o
Read moreBy Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. House of Representatives on Friday voted to overhaul the entire system of offshore drilling, responding to the worst offshore oil spill in U.S. history with new drilling safeguards and the elimination of a cap on damag
Read more(Adds background on the purchase of the Beaufort Sea leases.) By Edward Welsch Of DOW JONES NEWSWIRES CALGARY (Dow Jones)--BP PLC (BP, BP.LN), Exxon Mobil Corp. (XOM) and Imperial Oil Ltd. (IMO)--Exxon's separately traded Canadian subsidiary-- formed a joint venture to explore for oil a
Read moreBy Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The U.S. House of Representatives Friday voted to end a six-month ban on deep-water drilling, challenging the Obama administration's response to a BP PLC (BP, BP.LN) oil spill that is the worst in U.S. history. By 216-195,
Read moreBy Edward Welsch Of DOW JONES NEWSWIRES CALGARY (Dow Jones)--BP PLC (BP, BP.LN), Exxon Mobil Corp. (XOM) and Imperial Oil Ltd. (IMO) formed a joint venture to explore for oil and gas in Canada's Beaufort Sea, an Imperial Oil spokesman said Friday. BP, Exxon, and Imperial Oil--Exxon's s
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