Stock Market & Financial Investment News

News Breaks January 18, 2013 07:07 EDT BP, STO BP says serious situation at In Amenas site remains ongoing BP announced that the serious situation at the In Amenas site in Eastern Algeria remains ongoing. The situation remains unclear and BP continues to seek updates from the authorities. BP said, "On early Wednesday morning we mobilised our full emergency response system, with teams on the ground in Algeria and in the UK working with the situation and liaising with other parties involved. We are in close contact with the UK government and colleagues in Statoil, in Sonatrach and in the companies that are contractors to the joint venture. There is a small number of BP employees at In Amenas whose current location and situation remain uncertain. BP is working with the Algerian government and authorities to confirm their status. We do not intend to publicly comment on details of the number, nationalities or identities of these staff. Overnight BP began the staged process of bringing non-essential workers out of Algeria as a precautionary and temporary measure. Three flights left Algeria yesterday, carrying a total of eleven BP employees alongside several hundred staff from other companies. The first flight arrived in London yesterday afternoon. The second two flights landed in Palma in Majorca overnight and staff on these planes are expected to transfer on to final destinations during the course of the day. A fourth plane is expected to transport further staff out of the country today and we will arrange further flights as necessary." News For BP;STO From The Last 14 Days Check below for free stories on BP;STO the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 23, 2013 07:47 EDT BP Restrictions may force BP to surrender KG basin block, Economic Times reports Subscribe for More Information May 22, 2013 11:46 EDT STO Statoil upgraded to Equal Weight from Underweight at Morgan Stanley 09:43 EDT BP BP plans to increase production, investment in Iraq, DJ reports Subscribe for More Information 09:39 EDT STO Teekay Offshore signs new FSO contract with Statoil Subscribe for More Information 07:49 EDT BP BP fights "unjustified" Gulf oil spill payments, FT reports Subscribe for More Information May 20, 2013 08:08 EDT BP EU to review fracking concerns, Reuters reports Environmental concerns over the practice of hydraulic fracturing to get at shale gas will be on the EU's agenda this year, EU Energy Commissioner Guenther Oettinger told the German newspaper Die Welt, reports Reuters. Reference Link 05:40 EDT BP U.S. oil futures rally as many commodities decline, WSJ reports Subscribe for More Information May 17, 2013 16:21 EDT BP On The Fly: Closing Wrap Subscribe for More Information 13:09 EDT BP Tesoro receives FTC clearance for purchase of BP refining, marketing business Tesoro (TSO) announced that the Federal Trade Commission has cleared the company's planned acquisition of BP's (BP) fully integrated Southern California Refining and Marketing business and that Tesoro intends to close the acquisition during Q2. The clearance from the FTC came without any impacts to the assets or operations in the transaction as announced in August of last year. The purchase price of BP's assets is $1.075B, plus the market value of inventory, currently estimated at $1.3B. This amount includes a $100M purchase price reduction for the clearance with regulatory authorities. May 16, 2013 14:46 EDT BP Tesoro may take over BP California assets as soon as June 1, Reuters says Subscribe for More Information 14:32 EDT BP Tesoro may take ownership of BP Carson refinery, other assets as soon as June 1 Subscribe for More Information 07:11 EDT BP BP wants PM Cameron to discuss Gulf compensation with U.S., Reuters reports Subscribe for More Information 06:08 EDT BP On the Fly: Periodicals Wrap-Up Subscribe for More Information May 15, 2013 08:38 EDT BP WTI crude falls for a fith consecutive day, Bloomberg reports Subscribe for More Information 05:55 EDT BP, STO EU inspects firms in oil investigation, WSJ reports EU antitrust authorities carried out unannounced inspections of energy giants BP (BP), Royal Dutch Shell (RDS.A) and Statoil (STO), escalating an investigation of alleged oil-price manipulation amid scrutiny of how prices are set in global financial markets, reports the Wall Street Journal. EU officials are investigating whether the three companies manipulated prices in the $2.5T physical-oil market by giving false data to an oil index publisher, the Platts unit of McGraw Hill Financial (MHFI). Platts's offices were also inspected.Reference Link May 14, 2013 11:08 EDT BP BP says involved in EC probe, cooperating with investigation, Bloomberg reports Subscribe for More Information 07:10 EDT BP IEA says North American oil will dominate world supply growth, WSJ reports Subscribe for More Information 06:13 EDT STO Noble awarded a four-year, $655M drilling contract by Statoil Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.