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By Adam Cancryn Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--International companies trading in New York closed higher Monday, shaking off a cut to Ireland's credit rating, as investors in the broader market also looked ahead to what's hoped to be strong earnings reports on tap later this we
Read moreHOUSTON (Dow Jones)--BP PLC (BP, BP.LN) believes an unspecified amount of hydrocarbons seeping from the seafloor near the leaking Macondo well is natural and unrelated to the test of its new containment system, a company spokesman said Monday. "We understand it's natural seepage," the spokesman
Read moreBy Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The chairman of the U.S. House Committee on Energy & Commerce has asked 10 oil and gas companies to provide detailed information on their use of a controversial drilling practice known as hydraulic fracturing. In a letter s
Read moreBy Liam Denning A DOW JONES COLUMN A quick sale of its Alaskan assets to Apache Corp. would be a neat way for BP to raise cash. But there is no guarantee of that deal happening, so it's worth examining other options. A possible route is one BP has taken before: the creation of a royalty
Read moreBy Laurence Norman Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. Prime Minister David Cameron's government sees Libya as a partner not an opponent, but wants Col. Moammar Gadhafi's regime to continue to demonstrate it has turned its back on its "dark" past, a spokeswoman said Monday. T
Read more(Adds comments and details starting in the fifth paragraph.) By Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--British oil major BP PLC (BP, BP.LN) and partners China National Petroleum Corp. (CNPC.YY) and Iraq's state-run South Oil Co. expect to issue tenders to drill betwe
Read moreBy Hassan Hafidh Of DOW JONES NEWSWIRES BAGHDAD (Dow Jones)--British oil major BP PLC (BP, BP.LN) and partners China National Petroleum Corp. and Iraq's state-run South Oil Co. expect to issue tenders to drill between 80 and 100 wells in the immense Rumaila oil field this year and next year
Read moreU.S. stocks traded higher Monday as the Dow Jones Industrial Average rose 38 points to 10136, the S&P 500 was up 3.7 points to 1068 and the Nasdaq Composite rose 7.2 points to 2186. Among the companies whose shares are actively trading in the session are Halliburton Co. (HAL), PetMed Express Inc. (P
Read more(Updates with comments from conference call, share price information) By Jason Womack Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--Halliburton Co.'s (HAL) second-quarter earnings rose 83% as the oilfield-services company reported stronger revenue and sequential growth in North American
Read moreBy Katy Burne Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--The cost to insure debt issued by BP (BP.LN, BP) rose 7.2% Monday morning after U.S. authorities expressed concerns about possible seepage on the seabed near the site of the Macondo oil well, where BP is testing its containment cap.
Read moreBy Isabel Ordonez Of DOW JONES NEWSWIRES TAKING THE PULSE: Second-quarter earnings of major U.S. oil companies are expected to be higher than in the previous quarter, driven mainly by improved refining margins, which benefited from a stronger demand for fuel in the three months ended June 3
Read moreBy Stephen Wisnefski and Angel Gonzalez Of DOW JONES NEWSWIRES The U.S. government authorized BP Plc (BP) to keep a tightly sealed cap on the damaged well on the floor of the Gulf of Mexico for an additional 24 hours, as concerns linger about the possibility that oil or methane could be see
Read moreBy Tennille Tracy Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The top administrator of BP PLC's (BP, BP.LN) $20 billion oil-spill fund said it will take three to six months to determine roughly how many people opt out of the claims program set up by the company and elect instead to file
Read moreFootsie finished in the red Monday as M&A excitement failed to give the leading share index any real sense of direction. International Power was the best FTSE 100 performer after French energy giant GDF Suez revived talks about a partnership to create a new London-listed electricity group. The deal
Read more1535 GMT [Dow Jones] Credit default swaps on oil and gas companies related to the Gulf of Mexico oil-spill disaster rose Monday after doubts emerged about BP's ability to completely contain the damage and federal authorities raised concerns about seepage on the nearby seabed. CDS On BP (BP.LN) widen
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