VC cleantech deals in Q3 up 46% to $965M Oct 30, 2009
BP Plc and Martek Biosciences Corp. are partnering to study the use of algae to convert sugar into biodiesel. The impact of the American Reinvestment and Recovery Act (ARRA) began to be felt in the market as funds were disbursed and spent in significant amounts over the third and forth quarters. (San Jose Business Journal, CA)
Ghana Petroleum Has Money to Buy Kosmos Jubilee Stake Oct 30, 2009
BP Plc, Europes second- largest oil company, may also bid for Kosmos stake in Jubilee, people familiar with the matter said Oct. 22. Earlier this month, closely held Kosmos said it had agreed to sell its Ghanaian assets, including its 23. (Ghana Web, Ghana)
Palin earns at least $1.25 million for book, statement says Oct 29, 2009
In the same time period, Palin's husband Todd earned nearly $34,100 working as a production operator for oil giant BP PLC in Alaska's Prudhoe Bay oil field - a job he quit in September. The disclosure says he also made about $32,260 in the family's commercial fishing business, $3,500 in snowmobile race winnings and a $3,252 snowmobile discount from racing sponsor Arctic Cat. (Juneau Empire)
Sinochem Says $500 Million China Bond Sale Gives Cheaper Access to Dollars Oct 29, 2009
25 percent 2013 dollar bonds sold by BP Plc, Europes second-biggest oil company, yielded 2. 53 percent in trading yesterday, according to Trace prices. (Bloomberg -- Asia)
Deutsche Bank profit more than triples in Q3 Oct 29, 2009
BP PLC, Europe's second-largest oil company, reported higher than expected profits in the third quarter though earnings were depressed by the sharp fall in oil and gas prices in the past year. BP posted a third-quarter profit of $5. (Fresno Bee -- Business)
Stevens trial witness gets three years Oct 29, 2009
Allen pleaded guilty to bribery and corruption charges in 2007, admitting he gave cash and other gifts to lawmakers to buy support for legislation that would help his former company and its clients, including BP Plc, Exxon Mobil Corp., and ConocoPhillips Co.. Copyright 2009 Globe Newspaper Company. (Boston Globe)
Tuesday Business Highlights Oct 28, 2009
LONDON (AP) -- BP PLC, Europe's second-largest oil company, reported higher than expected profits in the third quarter though earnings were depressed by the sharp fall in oil and gas prices in the past year. BP posted a third-quarter profit of 5. (Pocatello Idaho State Journal, ID)
BP earnings beat Wall Street forecasts Oct 28, 2009
BP Plc beat third-quarter earnings forecasts by a big margin in a sign Chief Executive Tony Hayward's restructuring plans were delivering results, with cost cuts ahead of targets and oil and gas output up strongly. BP said third-quarter replacement cost net profit, which strips out unrealized gains or losses related to changes in the value of fuel inventories, fell 50 percent to $4. (MSNBC -- Business)
Sinopec Makes Offer for Ghana Oil Stake - Source Oct 28, 2009
Several other foreign oil companies, including Total SA (TOT), BP PLC (BP) and Cnooc (CEO), have sent representatives to Ghana for talks with the government about acquiring a stake in the oil field. So far all of the overtures are expressions of interest and don't represent actual deals, according to a Ghanaian government source. (Ghana Web, Ghana)
BP Q3 profit halves but beats f'casts Oct 27, 2009
LONDON: British oil major BP Plc reported a halving of third quarter profits, due to lower oil and gas prices, but bigger than expected cost cuts meant the results beat forecasts by a big margin. BP said third quarter replacement cost net profit, which strips out unrealised gains or losses related to changes in the value of fuel inventories, was $4. (India Times)
Alaskans await progress on Palin pipeline plan Oct 26, 2009
The other two major Alaska producers, ConocoPhillips and BP PLC, proposed their own pipeline without the incentives. A telling sign of the industry view of the Palin plan, Marks said, was that it attracted just five bidders. (MSNBC -- Politics)
Total, Cnooc, BP May Bid for Stake in Ghana Jubilee Oil Field, FT Reports Oct 25, 2009
Oct. 24 (Bloomberg) -- , Cnooc Ltd. and BP Plc are in talks with Ghana to buy Kosmos Energy LLCs stake in the offshore Jubilee oil field, the , citing unidentified Ghanaian officials. The talks are being held in case a bid for the 23. (Bloomberg -- UK)
Husky Energy Profit Plunges on Lower Prices for Crude Oil and Natural Gas Oct 22, 2009
BP Plc, Europes second- largest oil company, in April said it would delay production from the Sunrise oil-sands project, its joint venture with Husky, for at least a year to 2013 or 2014. Sanctioning is expected in 2010. (Bloomberg -- Canada)
CNPC in joint bid for Iraqi oil Oct 19, 2009
Even more important is the Iraqi Cabinet's approval of the bid by Britain's BP Plc and its Chinese partner CNPC to develop the 17. 8 billion barrel Rumaila field near the southern city of Basra. (Xinhuanet, China)
BP-Led Consortium Wins Iraq Oil Deal Oct 18, 2009
(AP) The Iraqi government has approved a deal with a consortium led by British giant BP PLC to develop a prized oil field in the south in a major step forward for the country's oil industry. BP, which was booted from the country in 1972 when Saddam Hussein nationalized the oil industry, and its partner CNPC of China were the only winners in Iraq's first international oil auction in over 30 years for development rights for the 17. (CBS News)
Frank Murkowski talks oil and gas Oct 17, 2009
Two of the state's natural gas lease holders, ConocoPhillips Co. and BP PLC, declined to seek that license, and instead began developing their own pipeline, called Denali. The state's third big leaseholder, ExxonMobil Corp. joined TransCanada's effort and will be bound by AGIA's conditions. (Juneau Empire)
Petrobras Surges to World's Fifth-Largest Company, Surpassing China Mobile Oct 17, 2009
The market value of Petrobras has climbed above Berkshire Hathaway Inc., , International Business Machines Corp., Johnson & Johnson, BP Plc, , Royal Dutch Shell Plc, JPMorgan Chase & Co., BHP Billiton Ltd., and HSBC Holdings Plc this year, along with China Mobile and China Construction Bank. Bovespa Rally. (Bloomberg -- Latin America)
Billionaire Batista's OGX Says May Have Found 1.5 Billion Barrels of Oil Oct 15, 2009
6 billion barrels last year, according to London-based BP Plc. The countrys so- called pre-salt oil region, where Tupi lies, may hold as many as 100 billion barrels, Brazilian Cabinet Chief said Sept. 29. (Bloomberg -- Latin America)
Mich. Court Upholds Penalty Against BP N. America Oct 13, 2009
Court Upholds Penalty Against BP N. America - ABC News. Court Upholds Penalty Against BP N. America. (ABC News -- Wire)
Exxon Turns to Kosmos to Boost Reserves After African Drilling Failures Oct 13, 2009
The company is buying fields and prospective discoveries identified by a team of Kosmos explorers that includes Chief Operating Officer and Senior Vice President , both former geologists at London-based BP Plc. Maxted made a series of discoveries off Equatorial Guinea for Triton Energy Ltd. in the 1990s that culminated in the $3. (Bloomberg -- US)
Parnell addresses subsistence, gas pipeline, scholarships Oct 11, 2009
At the same time, two other companies, ConocoPhillips Co. and BP PLC, have begun their own pipeline project. The most important step to get the pipeline built is when the boards of directors of the companies developing the pipeline "sanction" the project, or vote to go ahead with construction and begin buying pipe. (Juneau Empire)
Infosys Technologies Second-Quarter Net Profit Increases to $332 Million Oct 9, 2009
Infosys from Australias Telstra Corp. and the U.K.s BP Plc after the two clients sought to decrease the number of suppliers to cut costs. It is a very positive result; the environment is getting much more stable, said , a director at Ambit Capital Ltd. in Mumbai, who manages funds for wealthy individuals. (Bloomberg -- Asia)
Todd Palin quits oil field job Oct 3, 2009
Todd Palin's resignation as a production operator for oil giant BP PLC comes almost two months after his wife stepped down as Alaska governor and shortly before the release of her highly anticipated memoir in a deal rumored to be worth millions. "Todd loved his union job on the Slope and hopes to return," Meghan Stapleton, Sarah Palin's personal spokeswoman, said in an e-mail Friday. (Anchorage Daily News)
Cobalt counting on IPO Oct 2, 2009
In September, BP plc estimated the company s Tiber field may hold the largest oil discovery ever tapped in the Gulf of Mexico, while made a potentially huge oil find off the coast of Sierra Leone. Reports of major strikes are tempered by continued worries over the economy that have kept oil prices from breaching the $70-a-barrel mark that would make production at these offshore properties more economically feasible. (Houston Business Journal, TX)
Arctic Oil Tempts Norway to Push Its Drilling Frontier to `Gates of Hell' Sep 25, 2009
Russia, Canada, the U.S. and Iceland are vying for a stake of the Arctic, which may hold as much as 50 percent of the worlds undiscovered oil, according to BP Plc. Crude output from Norway, the worlds fifth-biggest oil exporter, peaked between 2000 and 2001 and may fall 9. (Bloomberg)
Shell Poised to Overtake BP Output With $40 Billion Spent in Qatar, Brazil Sep 25, 2009
Sept. 25 (Bloomberg) -- , held back by almost seven years of falling production, is set to overtake BP Plc after about $40 billion of investment from Qatar to Brazil. Shell will boost its oil and gas by a third, adding 1 million barrels a day to capacity by the end of 2012, according to company estimates. (Bloomberg -- UK)
Bang on the 'drums' Sep 24, 2009
Place an obit: (559) 441-6228. Web Search powered by YAHOO. (Fresno Bee -- Opinion)
North West Shelf LNG Venture Initiates Tax Lawsuit in Effort to Win Refund Sep 24, 2009
BP Plc and Chevron Corp. are also partners in the venture. LNG is natural gas chilled to liquid form for transportation by ships to destinations not connected by pipeline. (Bloomberg -- Australia & New Zealand)
BP asks for more time to make plant improvements Sep 24, 2009
HOUSTON -- Oil giant BP PLC is requesting more time to implement required safety improvements at its Texas City refinery where a 2005 explosion left 15 people dead, the U.S. agency responsible for worker safety said Wednesday. 11 News Video BP asks for more time to make plant improvements September 23, 2009. (KHOU.com, TX)
* BA chief to pledge aviation sector carbon cuts at UN Sep 23, 2009
Meanwhile, General Electric Co and BP Plc are demanding governments enact regulations to cut emissions blamed for global warming and create a worldwide carbon market to ensure developing nations slow pollution growth. GE, the biggest maker of power-plant equipment, and BP, Europes second-largest oil company, joined other multinational manufacturers and service providers demanding leaders agree to cut emissions 85 percent by 2050. (Taipei Times, Taiwan -- Business)
BP Settles Spill Containment Violations Sep 23, 2009
An oil field review starting with a state inspector questioning the size of spill containment facilities on Alaska's North Slope has resulted in a hefty civil payment for a subsidiary of BP PLC.. BP Exploration (Alaska) Inc. has paid the state more than $1. (ABC News -- Wire)
Total Targets Petrobras Partnership to Tap Brazil, Reverse Output Decline Sep 23, 2009
7 percent year-to-date increase for BP Plc and a 0. 6 percent gain at Royal Dutch Shell Plc. (Bloomberg -- Latin America)
Sempra Energy, BP Partner in Wind Farm Project Sep 19, 2009
Sempra Generation, a subsidiary of Sempra Energy, said Friday it has become an equal partner with BP Wind Energy, a wholly owned subsidiary of BP PLC, in developing a wind farm in Indiana. The venture will help develop a 200-megawatt Fowler Ridge II Wind Farm on a 17,000-acre site about 90 miles northwest of Indianapolis. (ABC News -- Wire)
Is the environment getting better for IT professionals? Sep 16, 2009
Chief Operating officer S.D. Shibulal also said last month' s outsourcing contract from oil and gas major BP Plc was worth $116 million over five years. Infosys Chief Executive Officer S. Gopalakrishnan told reporters that information technology spending by its clients was expected to be flat in 2010. (India Times)
Petrobras Urged to Exclude Government From Voting on Proposed Equity Sale Sep 14, 2009
are more bullish on Petrobras than any of its peers worldwide, projecting a 24 percent increase over the next 12 months, about three times the forecast for Irving, Texas-based Exxon Mobil Corp., the largest North American energy company, and five times the forecast for London-based BP Plc, according to data compiled by Bloomberg. Interest. (Bloomberg -- Latin America)
Repsol Says Venezuela Gas Find of 7-8 Trillion Feet Among World's Largest Sep 12, 2009
6 percent of the worlds proved natural-gas reserves in 2008, or the worlds ninth-largest reserves, according to BP Plc. PDVSA, Repsol, Eni. (Bloomberg -- Latin America)
Letters on U.K.-Libyan ties outrage IRA victims Sep 7, 2009
On Friday, BP PLC said it had warned British officials to quickly seal a prisoner transfer agreement with Libya. Such a deal would have allowed al-Megrahi to serve out his sentence in Libya, though BP said it did not refer specifically to al-Megrahi's case. (MSNBC -- International)
UK Official Says Oil Was Part of Lockerbie Talks Sep 6, 2009
Justice Secretary Jack Straw said trade, particularly a deal for oil company BP PLC, was "a very big part" of the 2007 negotiations that led to the prisoner deal. The agreement was part of a wider warming of relations between London and Tripoli. (ABC News -- Wire)
Calif. condemned inmate dies in hospice care Sep 6, 2009
Justice Secretary Jack Straw said trade, particularly a deal for oil company BP PLC, was "a very big part" of the 2007 negotiations that led to the prisoner deal ... Justice Secretary Jack Straw said trade, particularly a deal for oil company BP PLC, was "a very big part" of the 2007 negotiations that led to the prisoner deal. (Fresno Bee -- State)
Despite Lockerbie, Libya's open for business Sep 5, 2009
British energy giant BP PLC issued a statement Friday admitting that in 2007 it expressed concern to the British government that slow progress in sealing a separate prisoner transfer agreement with Libya could have "negative consequences" for an exploration deal with Libya ... In recent years, BP PLC has committed over $1 billion in exploration projects in the country, while other majors like Royal Dutch Shell PLC and U.S. Exxon Mobil Corp. also have extensive interests through bilateral... (MSNBC -- International)
Passenger stricken on Arctic Ocean cruise ship Sep 5, 2009
Field operator BP PLC and spill responders Alaska Clean Seas are working with the Coast Guard. The Bremen is heading toward Prudhoe Bay, where an ACS vessel will meet it offshore. (Juneau Empire)
BP expressed concerns about prisoner transfer Sep 5, 2009
LONDON - British oil company BP PLC said Friday that it had expressed concern to the government about progress on a prisoner transfer deal with Libya, but said it had not raised the case of the Libyan agent convicted of the Lockerbie bombing. BP's disclosure follows accusations in the British media that commercial considerations played a role in the negotiations on a prisoner transfer agreement. (MSNBC -- International)
Jessica book sales fall short Sep 4, 2009
Oil major BP Plc said it has made an oil discovery in the Gulf of Mexico, which analysts believe could contain over 1 billion barrels of recoverable reserves, reaffirming the Gulf's strategic importance to the industry. The number of U.S. workers filing new claims for jobless benefits fell last week, but the prior period's figure was revised up, according to a government report. (Yahoo News -- Jessica Lynch)
Petrobras Rises Most in Two Weeks on BP Gulf of Mexico Find, Brazil Rights Sep 3, 2009
BP Plc, Europes second-biggest oil company, said today a giant discovery at the prospect may contain more than 3 billion barrels. The Gulf find was a positive factor; its an important discovery, said , an analyst with Sao Paulo-based brokerage Spinelli SA. The stock also rose on the comments made in the conference call with analysts. (Bloomberg -- Latin America)
Bovespa Falls for Fifth Day as Homebuilders Drop on Share Sale Speculation Sep 3, 2009
Petrobras, as the state-controlled oil company is known, gained the most in almost two weeks after partner BP Plc announced a giant discovery in the Gulf of Mexico. The reality is that homebuilders are going to capitalize to keep up with growth and the market is coming out of very hard times, said , who helps manage $305 million at Solidus Brokerage in Porto Alegre, Brazil. (Bloomberg -- Latin America)
BP: 'Giant' Oil Find In Gulf Of Mexico Sep 3, 2009
LONDON -- BP PLC says it has made a "giant" oil discovery in the Gulf of Mexico but has not yet determined the size and commercial potential of the find. The company said Wednesday that the well, in Keathley Canyon block 102 about 250 miles southeast of Houston, is in 4,132 feet of water, the company said. (Click2Houston, TX)
Lula's Oil Rules to Stir `Intense Debate' as Brazil Lawmakers Vow Delays Sep 3, 2009
Petrobras owns 20 percent of the Tiber project in the U.S. Gulf of Mexico where BP Plc, Europes second-largest oil, reported today a giant discovery. Political risk for Petrobras would increase should minority shareholders decide not to maintain their stake, Fitch Ratings said yesterday. (Bloomberg -- Latin America)
BP makes made a 'giant' oil discovery in the Gulf of Mexico Sep 3, 2009
London-based BP Plc said it had made a "giant" oil discovery in the Gulf of Mexico, reaffirming the area's importance to Western oil majors who are barred from investing in the world's richest oil prospects elsewhere. BP said in a statement on Wednesday that it had made the find at its Tiber Prospect in the deep water Gulf of Mexico. (Business Report, South Africa)
Turkey, Armenia Agree on Framework to Start Diplomatic Ties for First Time Sep 1, 2009
London-based BP Plc opened a $3 billion oil pipeline from Azerbaijan to Turkeys Mediterranean coast in 2005. The $11- billion Nabucco project to carry natural gas via Turkey to Europe depends partly on Azeri supplies of the fuel. (Bloomberg -- Europe)
Shipping Rates Seen Falling 50% as China Cuts Imports Amid Vessel Overrun Sep 1, 2009
The nation consumes the same proportion of the worlds coal, BP Plc estimates. Industrial Overcapacity. (Bloomberg)
Petrobras Loses $7 Billion in Stock Market as Lula May Boost Brazil Stake Sep 1, 2009
6 billion barrels last year, according to London-based BP Plc, which ranks countries by production. The pre-salt area runs 800 kilometers (500 miles) along the coast from Espirito Santo to Santa Catarina states and has oil deposits beneath a layer of salt resting as deep as 3,000 meters (9,843 feet) beneath the ocean surface and another 5,000 meters below the seabed. (Bloomberg -- Latin America)
5 IBM, Indian IT Firms Split Deal with BP Aug 29, 2009
BANGALORE (Reuters) - IBM and India's top three outsourcing firms have each won five-year IT services contract from oil and gas major BP Plc, the firms said on Wednesday, amid hopes of a revival in technology spending. Neither IBM nor the Indian firms, Tata Consultancy Services, Infosys Technologies and Wipro, disclosed financial details of the contract. (Datamation)
Air BP Gets $112.1M Defense Contract Aug 28, 2009
Shares of parent company BP Plc, the British oil major, fell 8 cents to $51. 80 in after-hours trading, after adding 51 cents to close at $51. (ABC News -- Wire)
China curbs reflect confidence Aug 27, 2009
The country is also the biggest coal producer and consumer, accounting for 43 per cent of global demand last year, according to BP Plc. Many countries, such as Australia, have been seeing significant increases in Chinese imports of raw commodities,'' said Joseph Tan, chief Asia economist at Credit Suisse Group AG in Singapore. (Sydney Morning Herald -- Business)
Wipro, TCS, Infosys up on deal news Aug 27, 2009
7 per cent on BSE after they each won five-year IT services contract from oil and gas major BP Plc ... 7 per cent on BSE after they each won five-year IT services contract from oil and gas major BP Plc. (India Times)
Iraq Sets $1.2 Billion Bonus for 2nd Round Oil Deals Aug 26, 2009
Only one field, the giant Rumaila in southern Iraq, was awarded, to a consortium of BP PLC (BP) and China National Petroleum Corp.. -By Hassan Hafidh, Dow Jones Newswires; + 962 799 831 831; hassan. (SmartMoney)
Energy cos shrug off Ambani gas row Aug 25, 2009
Speaking about potential of India's sedimentary basins, BP Plc group chief economist Christof Ruhl said investors' take decisions on the basis of "transparent and competitive frameworks and that is by the way intention of the new round (NELP-VIII)..." Mr Ruhl was addressing mediapersons in New Delhi on BP Statistical Review of World Energy. Sashi Mukundan, country head of BP group companies in India, who was present in the Houston roadshow says that investors are finding India attractive due to... (India Times)
UK Deflects Lockerbie Backlash to Scotland Aug 23, 2009
While Britain does have oil interests in Libya - notably a $900 million exploration deal between BP PLC and Libya's National Oil Co. - they are small compared to investments by Italy's Eni SpA.. Even so, Gadhafi's son, Seif al-Islam Gadhafi, said al-Megrahi's release was a constant point of discussion during trade talks. (CBS News)
UK under pressure... Aug 23, 2009
While Britain does have oil interests in Libya - notably a $900 million exploration deal between BP PLC () and Libya's National Oil Co. - they are small compared to investments by Italy's Eni SpA.. Britain has walked a fine line - condemning al-Megrahi's reception without criticizing the decision to free him, which was made in Edinburgh under Scotland's separate judicial system. (The Drudge Report)
UK minister condemns Lockerbie bomber homecoming Aug 22, 2009
Britain has significant commercial interests in Libya, including an oil deal involving BP PLC.. (Copyright 2009 by The Associated Press. (WSVN-TV Miami, FL)
Libya keeps Lockerbie bomber under wraps Aug 22, 2009
Western energy companies -- including Britain's BP PLC -- have moved into Libya in an effort to tap the country's vast crude oil and gas wealth. (Copyright 2009 by The Associated Press. (WSVN-TV Miami, FL)
Oil Sands May Get Cleaner as Shell, Exxon Bubble Tar in Froth Treatment Aug 22, 2009
I think we can match what the American refiners are already bringing in from other sources, said Stringham, whose organization represents 130 oil companies, including London- based BP Plc and of Calgary. Shell, which took over as operator of Athabasca in January and owns 60 percent, expects to begin producing crude from two high-temperature froth treatment units next year. (Bloomberg -- Canada)
Click to read:Thousands Greet Lockerbie Bomber in Libya Aug 21, 2009
" Gadhafi engineered a rapprochement with his former critics following the Sept. 11, 2001, terrorist attacks. He renounced terrorism, dismantled Libya's secret nuclear program, accepted his government's responsibility for the Lockerbie bombing and paid compensation to the victims' families. Western energy companies - including Britain's BP PLC - have moved into Libya in an effort to tap the country's vast oil and gas wealth. Gadhafi lobbied hard for the return of al-Megrahi, an issue which took... (CBS News)
Familes outraged, 'sickened' by release... Aug 21, 2009
"It's horrible. I don't show compassion for someone who showed no remorse.'' The Times of London reported Thursday that the private jet of Libya's leader, Moammar Gadhafi, was to collect al-Megrahi at Glasgow Airport after he was released. Al-Megrahi's trial and conviction led to a major shift in Libya's relationship with the West. Gadhafi engineered a rapprochement with his former critics following the Sept. 11, 2001, terrorist attacks. He renounced terrorism, dismantled Libya's secret nuclear... (The Drudge Report)
Click to read:Scotland to Free Lockerbie Bomber Aug 20, 2009
Western energy companies - including Britain's BP PLC - have moved into Libya in an effort to tap the country's vast oil and gas wealth. Libyan leader Moammar Gadhafi has lobbied for the return of al-Megrahi, an issue which took on an added sense of urgency when he was diagnosed with cancer last year. (CBS News)
