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NEW ORLEANS (AFP)--U.S. officials were Wednesday anxiously eyeing a patch of bad weather building in the Caribbean, just as they approach the end game in efforts to seal for good a blown-out well. The weather system, if it strengthens as it heads into the Gulf of Mexico, could delay relief effor
Read moreLONDON (Dow Jones)--A U.K. parliamentary committee said Wednesday it is to launch an inquiry into the implications of the Gulf of Mexico oil spill on deep-water drilling in the U.K. The Energy and Climate Change Committee will question BP PLC (BP) and environmental and industry experts to evalua
Read moreFootsie's advance was pared slightly at the close of trading but shares still finished with strong gains. Mining stocks led the advance as copper inventories continue to contract, with Kazakhmys, Antofagasta, Vedanta and Xstrata at the head of the pack. Sticking with the resource sector, mining a
Read moreBy Christine Buurma Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Federal regulators have approved a pipeline connection between a new liquefied natural-gas import terminal under development in Mississippi and existing pipeline systems that bring gas to eastern U.S. markets. The $59 mill
Read moreWASHINGTON (AFP)--Some 750 boats drafted in to scoop up oil from the Gulf of Mexico are having "trouble" finding any crude in the sea, a top U.S. official said Wednesday, almost a week after a busted well was capped. "We are starting to have trouble finding oil," U.S. pointman Admiral Thad Allen
Read moreThe following is a press release from Moody's Investors Service: Nearly $5 billion of rated debt affected New York, July 21, 2010 -- Moody's Investors Service placed Apache Corporation's ratings under review for downgrade following its announced $7 billion all cash asset acquisition from BP PLC,
Read more(Adds background, further comment) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Some of BP PLC's (BP) oil production assets in Alaska remain up for sale, despite not being included in a $7 billion package of assets sold to U.S. energy company Apache Corp. (APA) Tuesday, said
Read morePublic pension funds in New York and Ohio said they may be the lead plaintiffs in a class-action fraud lawsuit against BP PLC (BP, BP.LN). The headline "New York, Ohio Pensions Lead Fraud Suit Vs BP Oil Firm" at 10:25 a.m. EDT incorrectly stated that the pensions would lead the lawsuit, implying tha
Read moreLONDON (Dow Jones)--Some of BP PLC's (BP) oil production assets in Alaska remain up for sale, despite not being included in a $7 billion package of assets sold to U.S. energy company Apache Corp. (APA) Tuesday, said people familiar with the matter Wednesday. BP is also proceeding quickly with ta
Read more[Dow Jones] Apache acquisition of BP PLC's (BP) assets in the Permian Basin in Texas for $3.1 billion is a slight premium to other transactions done in the area this year, says Tudor Pickering Holt & Co. This means Apache sees the best opportunity in the Permian and does not want preferential rights
Read moreNEW YORK, OHIO PENSION FUNDS JOIN FORCES IN BP ACTION DiNapoli, Ohio AG Cordray File Petitions Seeking Co-Lead Plaintiff Status New York State Comptroller Thomas P. DiNapoli and Ohio Attorney General Richard Cordray announced that the $132 billion New York State Common Retirement Fund (Fund)
Read moreb/d, to 610,000-b/d, slowed. Completion now seen 1Q 2012, from 2010. Valero Corpus 340.0 West Plant 50,000-b/d FCCU at Christi, TX reduced rates since mid-Dec for economic reasons.
Read moreDOW JONES NEWSWIRES The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. An unspecified process
Read moreDOW JONES NEWSWIRES Public pension funds in New York and Ohio said they hope to be the lead plaintiffs in a class-action lawsuit against BP PLC (BP, BP.LN), whose share price has plummeted because of its months-long oil spill in the Gulf of Mexico. The lawsuit alleges that BP, the oil giant
Read more1403 GMT [Dow Jones] The cost to insure debt issued by Apache Corp. via credit default swaps fell 8.5% to 90.8BP after the company announced it will buy certain oil and gas assets from BP Plc for $7 billion. Apache was raised to 'sector perform' from 'underperform' by Scotia Capital analysts after t
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