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HOUSTON (Dow Jones)--Apache Corp's acquisition of certain BP PLC (BP, BP.LN) assets for $7 billion fleshes out the oil and gas producers' existing assets and represents a "strategic exit" for BP from three regions, Apache's chief executive said Tuesday "This really plays to Apache's core compete
Read moreBy Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) will continue to test the integrity of a cap that has temporarily sealed a runaway well in the Gulf of Mexico while a group of scientists debate a way to speed up the Deepwater Horizon gusher's ultimate demise, com
Read moreBy Isabel Ordonez Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP) said Tuesday it has agreed to sell assets in the U.S., Canada and Egypt to Apache Corp. (APA) for a total of $7 billion in cash. The deal will help BP finance the mounting costs of cleaning up the Gulf of Mexico o
Read moreDOW JONES NEWSWIRES Apache Corp.'s (APA) second-quarter earnings surged 94%, beating expectations, as the oil-and-gas producer posted record output driven by its international operations. The results come alongside announcements it will buy $7 billion assets from BP PLC (BP, BP.LN) in the U
Read more(Updates with Salazar comment.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Officials who regulated offshore oil and gas drilling in the Bush administration on Tuesday defended their oversight of the industry during the first congressional probe of the government's
Read more(Adds comment from Rep. Burgess and Secretary Salazar.) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar on Tuesday came close to accepting some responsibility for the BP PLC (BP, BP.LN) oil spill, telling a U.S. House panel that the fede
Read moreHOUSTON (Dow Jones)--The U.S. Government approved another 24-hour testing period for a cap that is keeping oil from spewing out of BP's PLC (BP, BP.LN) broken well, the federal response commander said Tuesday afternoon. Meanwhile, engineers and scientists are discussing the pros and cons of yet
Read moreJuly 20, 2010 BP SIGNS NORTH AMERICA AND EGYPT ASSET DEALS WITH APACHE BP announced today that that it has entered into several agreements to sell upstream assets in the United States, Canada and Egypt to Apache Corporation. The deals, together worth a total of $7 billion, comprise BP's
Read more(Adds comments from Cameron and Obama on Afghanistan and Israel.) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.K. Prime Minister David Cameron, flanked by President Barack Obama, on Tuesday said it was unnecessary for Britain to investigate the Scottish government'
Read moreBy Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar on Tuesday came close to accepting some responsibility for the BP PLC (BP, BP.LN) oil spill, telling a U.S. House panel that government could have done more to ensure safety. "Prior admi
Read moreBy Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. Interior Secretary Ken Salazar said on Tuesday that the newest moratorium on deep-water drilling might be modified, the latest effort to show that the Obama administration is sensitive to concerns that the ban is causing j
Read more(Adds comments from Cameron and Obama.) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.K. Prime Minister David Cameron, flanked by U.S. President Barack Obama, on Tuesday said he understands the deep frustration Americans have with U.K. oil giant BP Plc (BP, BP.LN) o
Read moreBy Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.K. Prime Minister David Cameron said Tuesday he understands the deep frustration Americans have with U.K. oil giant BP Plc (BP, BP.LN) over the Gulf of Mexico disaster. Cameron said BP should "rightly be blamed" for an o
Read more(Updates with comment from Rep. Markey) By Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Officials who regulated offshore oil and gas drilling starting with the Bush administration on Tuesday defended their oversight of the industry during the first congressional probe
Read moreHOUSTON (Dow Jones)--BP PLC (BP, BP.LN) reported Tuesday a slight increase in the pressure readings on a recently-installed containment device that's shutting in a massive oil spill in the U.S. Gulf of Mexico. The readings, posted on BP's website Tuesday, indicate that pressure, currently at 6,8
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