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Oil 08/09/2010

10:33 : Dana Petroleum rejects hostile bid - Dana Petroleum rejected a hostile £1.67 billion bid from Korea National Oil Corp today, citing an independent valuation that said the UK explorer was worth considerably more.
Source : irishtimes-com
09:59 : Gold Near Record High amid European Banking Concerns - Investors took profits after the post-payrolls rally last week. Renewed worries about the stability of the European banking system shook confidence and triggered selloffs in stocks, currencies and commodities with gold as an exception. WTI ...
Source : ibtimes-co-uk
09:57 : BP to admit partial blame for Deepwater oil spill - Report likely to show BP workers misread crucial pressure readings hours before explosion, but will accuse rig owners Transocean over integrity of blowout preventerBP is expected to admit today that it was partly to blame for the Deepwater Horizon ...
Source : guardian-co-uk
08:22 : Dana rebuts KNOC bid, says worth much more - LONDON (Reuters) - Dana Petroleum rejected a hostile 1.67 billion pound bid from Korea National Oil Corp on Wednesday, citing an independent valuation that said the explorer was worth considerably more.
Source : reuters-com
08:22 : BP to publish oil disaster inquiry report - BP will today publish the findings of an investigation into the causes of the Gulf of Mexico oil disaster which led to the largest offshore spill in history.
05:58 : BP set to reveal findings of oil rig probe - BP will on Wednesday give its first full account of the causes of the Deepwater Horizon disaster, and is expected to say that there were failures committed by BP but also by other companies involved in drilling the Macondo well
Source : ft-com

Oil 07/09/2010

19:33 : Transocean UK boss clashes with MPs - Oil chiefs insist that Britain's oil rig safety regime in the North Sea does not need to be overhauledThe UK head of Transocean, the operator of the Deepwater Horizon rig in the Gulf of Mexico, has clashed angrily with ...
Source : guardian-co-uk
09:09 : Oil extends drop as dollar gains, eyes storms - Oil extended losses on Tuesday as the dollar strengthened and Tropical Storm Hermine showed no signs of disrupting crude or refining output around the Gulf of Mexico.
Source : ibtimes-co-uk

Oil 06/09/2010

22:53 : Russia: Chain retraction - When PwC withdrew 10 years of audits of the Yukos oil group it set loose a series of events that, while protecting its position in a rapidly growing market, are still having repercussions
Source : ft-com
22:25 : Oil industry regulation: scepticism over new sheriff in the wild wild ... - Industry experts fear that many of Obama's changes in wake of Gulf oil spill will be no more than cosmeticOil industry executives in the US call the Gulf of Mexico the "wild wild west", a place where regulations are rarely enforced ...
Source : guardian-co-uk
20:29 : Shell in exclusive talks to sell Swedish refinery - LONDON/HELSINKI (Reuters) - Royal Dutch Shell is in exclusive talks with Finnish fuel distributor St1 to sell the oil major's Swedish refinery, both companies said on Monday.
Source : reuters-com
20:04 : BP spill: White House says oil has gone, but Gulf's fishermen are not ... - Counsellors and lawyers are busier than seafarers in Louisiana, as some experts warn that fishing industry will never recover High tide, and the remains of a late summer storm, and it is hard to tell on this strip of land between the Mississippi and ...
Source : guardian-co-uk
13:27 : China's CNOOC to sell gas to Guangdong - CNOOC Gas Power Group Ltd, a subsidiary of China National Offshore Oil Corp has signed a gas purchase and supply agreement with Guangdong Provincial Natural Gas pipeline Corp on August 26th.
Source : ibtimes-co-uk
11:48 : Oilex shares up 150#37; on gas reserves boost - Shares in oil and gas exploration company Oilex exploded 150#37; higher in early trading today after the company announced a 'significant upgrade' to its gas reserves.
11:14 : Fundamental Oil Report (2010-09-06) - Crude is trading below $74 per barrel amid high US unemployment rate undermining demand on fuel, alongside the absence of the US and Canada from markets due to the Labor holiday.
Source : ibtimes-co-uk
08:49 : Oil dips towards $74 on U.S. glut at driving season end - Oil fell for a second straight session on Monday as the end of the driving season in the United States and record petroleum stockpiles there fueled doubt that supplies would drain in the face of tepid economic growth.
Source : ibtimes-co-uk
05:48 : Dana hopes for share increase after hostile bid - DANA Petroleum, the UK oil company, will release a third-party valuation report this Wednesday arguing that the company may be worth more than £20 (€24) a share, according to the 'Financial Times'.
Source : independent-ie
02:02 : BP restarts sale of Alaskan assets - report - LONDON (Reuters) - BP has revived the sale of its Alaskan assets after failing to offload them to U.S. oil and gas company Apache (Apache Corp) in July, the Financial Times reported on Monday. Citing banking sources, the newspaper ...

Oil 05/09/2010

23:40 : US rig owner Transocean accused of compromising safety in North Sea - Unions argue that abusive behaviour and racism are widespread and wants shake-up of system in light of worsening safety recordTransocean, the American rig owner at the centre of BP's Gulf of Mexico oil spill, has been accused of ...
Source : guardian-co-uk
23:24 : US authorities seize BP's blowout preventer - There was a touch of legal drama in the Gulf of Mexico oil disaster yesterday. The 350 tonne, 50 feet high blowout preventer that should have prevented the explosion in the BP oil well, was effectively placed ...
Source : telegraph-co-uk
17:04 : BP's Ruptured Oil Well 'No Longer A Risk' - The BP well which leaked more than four million barrels of oil into the Gulf of Mexico poses no further risk to the environment, according to an official heading the clean-up.
Source : news-sky-com

Oil 04/09/2010

22:14 : BP Gulf well 'secured,' awaiting final kill-US - HOUSTON, Sept 4 (Reuters) - BP Plc's ruptured Gulf of Mexico oil well is secure with no threat of spewing crude again, the top U.S. official overseeing the spill response said on Saturday.
Source : reuters-com
19:43 : Gold, oil end lower again in New York - Oil and gold prices closed lower again for a third straight week as number of market trends turned against these hot commodities towards the end. The black gold dipped as a disappointing service sector report and fading ...
Source : ibtimes-co-uk
10:13 : BP replaces failed blowout preventer on Gulf well - By Kristen Hays HOUSTON (Reuters) - BP Plc successfully replaced a failed blowout preventer from atop its ruptured Gulf of Mexico oil well late on Friday, the top U.S. official overseeing the spill response ...
04:21 : BP says failed blowout preventer off Gulf well - HOUSTON (Reuters) - BP Plc removed a failed blowout preventer from atop its ruptured Gulf of Mexico oil well on Friday afternoon, a company spokesman said.
Source : reuters-com

Oil 03/09/2010

15:11 : Brazil oil firm Petrobras plans $65 billion stock sale - Brazilian state oil company Petrobras will sell up to $64.5 billion in new stock -- one of the largest in capital markets history -- to raise funds for the world's biggest oil exploration investment plan.
Source : ibtimes-co-uk
13:37 : BP disaster costs rise to $8bn - The oil group said the costs associated with the Gulf of Mexico oil spill have risen by $2bn in the last month to $8bn and that it expected the relief well currently under construction to be completed by mid-September
Source : ft-com
12:36 : BP oil spill costs hit €8bn - BP has said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.
Source : irishtimes-com
11:10 : BP oil spill costs hit £5 billion - LONDON (Reuters) - BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion (5 billion pounds) as the oil giant prepared to release the findings of an internal probe into ...
Source : reuters-com
10:44 : BP oil spill costs hit $8 billion as ends rig probe - BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster.
Source : ibtimes-co-uk
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