Stocks and Finance

BP

BP 1/5/2012

00:49 : BP fund resumes payments to spill victims - BP's $20 billion oil spill fund said it had resumed payments to eligible victims on Wednesday after receiving clarification from a U.S. district court regarding an escrow account set up to cover certain legal expenses incurred by the plaintiffs' lawyers.

Source : ibtimes-com

BP 1/4/2012

05:52 : Gulf claims frozen following judge’s ruling - A spokesperson said Tuesday that the Gulf Coast Claims Facility has frozen all payments following a decision last week by a federal judge to set aside 6 percent of claims checks for a fund that could reimburse lawyers suing BP PLC and others ...

Source : bizjournals-com

05:14 : BP (BP) says it has halted payments from its $20B compensation fund until - BP (BP) says it has halted payments from its $20B compensation fund until a federal court clarifies an order issued in December. To date, the fund has paid or approved for payment a total of $7.71B. Post your comment!

Source : seekingalpha-com

BP 1/3/2012

23:38 : BP fund halts payments to spill victims pending clarification - (Reuters) - BP's $20 billion oil spill fund has halted payments to eligible victims until a U.S. federal court clarifies an order issued in December, according to a notice posted on the fund's website.

Source : reuters-com

10:10 : Chesapeake Sells Utica Shale Stake to Total (CHK, TOT, BP, PXP, SD, CRZO) - MONTREAL, QUEBEC--(Marketwire - Nov. 8, 2011) - Yorbeau Resources Inc. ("Yorbeau"')(TSX:YRB.A) is pleased to report significant results from drilling...

Source : 247wallst-com

09:10 : BP sues Halliburton over oil spill bill - Jan.03 - British oil giant BP has asked its contractor Halliburton to pay for all costs and damages it incurred to clean up the 2010 Gulf of Mexico oil spill according to a U.S. court filing. Hayley Platt reports

Source : reuters-com

08:28 : BP sues Halliburton over $42 billion oil spill bill - BP has called on contractor Halliburton to pay all costs and expenses it incurred to clean up the 2010 Gulf of Mexico oil spill, which the oil major previously put at around $42 billion.

Source : ibtimes-com

07:52 : What’s Important in the Financial Word (1/3/2011) Apple NYC Meeting, BP ... - Molycorp (MCP) announces it has found a home for 78% of rare earth production from its Mountain Pass, CA mine coming online in 2012, with 58% pre-sold to customers, and another 20% allocated to its water treatment products. Shares +3.8% premarket. (PR) ...

Source : 247wallst-com

04:48 : BP asks Halliburton to pay costs of '10 oil spill - TEL AVIV (MarketWatch) -- BP PLC, the U.K. integrated oil firm, is asking Halliburton Co. to pay all costs tied to the cleanup of the disastrous spring 2010 Gulf of Mexico oil spill, media reports say. Citing a ...

Source : marketwatch-com

04:15 : In a court filing, BP (BP) targets Halliburton (HAL) to cover costs connec - In a court filing, BP (BP) targets Halliburton (HAL) to cover costs connected to the Deepwater Horizon spill, including clean-up costs, lost profits and "all other costs and damages incurred by BP" in connection to the spill. ...

Source : seekingalpha-com

BP 1/2/2012

19:52 : BP seeking at least $20 billion from Halliburton: report - (Reuters) - Oil major BP is seeking at least $20 billion from its contractor Halliburton in costs and damages in relation to the 2010 Gulf of Mexico oil spill, Bloomberg reported on Monday, citing a court filing ...

Source : reuters-com

BP 12/30/2011

11:21 : Deep Gulf drilling thrives 18 mos. after BP spill - ALAMINOS CANYON BLOCK 857, GULF OF MEXICO (AP) -- Two hundred miles off the coast of Texas, ribbons of pipe are reaching for oil and natural gas deeper below the ocean's surface than ever before....

Source : usnews-com

BP 12/29/2011

14:57 : Prosecutors Prepare Criminal Charges In BP Gulf of Mexico Spill - Federal prosecutors are said to be preparing criminal charges against BP employees for the 2010 U.S. Gulf of Mexico spill. According to a Wall Street Journal report, prosecutors are focusing on some of the oil ...

Source : forbes-com

12:30 : BP Breathes Sigh Of Alaskan Relief On Judge's Ruling - Looking back, I zigged when I shoulda zagged. For me, rising cash was a two edged sword. For a while last summer a 20 percent cash reserve seemed right in a stagnant economic setting, when the market turned, you had to be there or miss half the rally ...

Source : forbes-com

11:44 : BP Officials Reportedly to Face Criminal Charges in Deepwater Horizon ... - BP (BP) employees reportedly could face criminal charges related to the Deepwater Horizon oil rig explosion that killed 11 and resulted in an environmental disaster in the Gulf of Mexico.

Source : forbes-com

04:27 : U.S. mulls charges vs. some BP staffers: Journal - TEL AVIV (MarketWatch) -- Some employees of BP PLC, the U.K. integrated oil firm, may face criminal charges tied to the spring 2010 disaster in the Gulf of Mexico, people familiar with the matter told The Wall Street ...

Source : marketwatch-com

04:19 : U.S. prosecutors are reportedly preparing the first criminal charges again - U.S. prosecutors are reportedly preparing the first criminal charges against BP (BP) employees in connection to the Deepwater Horizon oil spill. Sources say the focus is on several engineers and at least one of their supervisors for possibly ...

Source : seekingalpha-com

BP 12/28/2011

23:18 : Criminal Charges Prepared in BP Spill - U.S. prosecutors are preparing what would be the first criminal charges against BP employees stemming from the 2010 Deepwater Horizon accident, which killed 11 workers and caused the worst offshore oil spill in U.S. history.

Source : wsj-com

07:26 : BP Dodges Charges in Alaska Oil Spill (BP) - HONG KONG (MarketWatch) -- Shares of Tokyo Electric Power Co. fell 11.9% Wednesday to end at an all-time closing low amid concerns the operator of the exploded Fukushima Dai-Ichi nuclear power station could be nationalized if it accepts a government-financed ...

Source : 247wallst-com

BP 12/24/2011

09:20 : BP makes another appeal to U.S. television viewers - Just in time for the new year, BP is launching a new set of “feel-good” television advertisements so as to update the American people on all it’s doing to clean up the mess along the Gulf Coast region left from when the Deepwater Horizon exploded ...

Source : bizjournals-com

BP 12/23/2011

14:48 : BP Unveils New Gulf Coast Ad Campaign [VIDEO] - In order to keep the American people updated on the Gulf of Mexico oil spill restoration, BP will be launching its new advertising campaign immediately after Christmas.

Source : ibtimes-com

13:04 : Europe Markets: Europe stocks log gains ahead of holidays - European stocks advance to cap off a bullish week, led by Roche and BP, although trading volumes are light ahead of the long holiday weekend and bond yields tick higher in Italy.

Source : marketwatch-com

BP 12/22/2011

09:46 : Energy stocks rise, BP PLC advances - NEW YORK (MarketWatch) -- Energy stocks rose Thursday after momentum shifted upward late in the previous session. The NYSE Arca Oil Index rose 0.5%. The NYSE Arca Natural Gas Index rose 0.4%. the Philadelphia Oil Service Index rose ...

Source : marketwatch-com

BP 12/21/2011

16:38 : BP to Exit Solar Business After 40 Years - BP has decided to draw the curtains on its solar business after 40 years, shutting down what was once earmarked as a key division in its quest to develop greener sources of energy. The move will affect around 100 staff world-wide.

Source : wsj-com

15:45 : BP shutting solar unit as industry struggles - After prominently featuring solar panels in its Beyond Petroleum campaign and at some of its gas stations, BP PLC is planning to shutter its BP Solar operation.

Source : marketwatch-com

15:09 : BP Will Exit Solar Panel-Making Business (BP, FSLR, SPWR, JASO, LDK, TSL, ... - SAN FRANCISCO (Reuters) - Kevin Ryan, chief executive of online retailer Gilt Groupe, is keeping close tabs on congressional legislation that might enable him to have more shareholders in his young...

Source : 247wallst-com

12:58 : BP exiting the solar panel business: report - NEW YORK (MarketWatch) -- BP PLC will exit the solar panel business in a move that will affect about 100 employees, according to reports on Wednesday. BP said global economic challenges have impacted the solar industry, making it difficult ...

Source : marketwatch-com

BP 12/20/2011

16:22 : BP (BP) announces plans to shut its solar power unit and quit the business - BP (BP) announces plans to shut its solar power unit and quit the business entirely after 40 years because it's become unprofitable. The closure makes BP Solar the latest victim in a market that is facing heavy oversupply and price ...

Source : seekingalpha-com

05:41 : 13,000 gallons spilled by Shell near Deepwater Horizon site - A federal report indicates that Shell International spilled 13,000 gallons of oil and drilling fluids into the Gulf on Sunday while drilling an exploratory well near the site of last year's Deepwater Horizon accident. According to the Press-Register, ...

Source : bizjournals-com

BP 12/19/2011

03:15 : Aussie oil producer Woodside Petroleum ([[WOPEY.PK]], -3.4% in Australia) - Aussie oil producer Woodside Petroleum (WOPEY.PK, -3.4% in Australia) may delay an investment decision to develop the Browse liquefied natgas venture because of rising costs. The project has an estimated price tag of $36B, and partners (including CVX, ...

Source : seekingalpha-com