New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 28, 2012
12:38 EDTBPBP says working with EPA to demonstrate 'present responsibility'
BP stated: "Today’s announcement by the US Environmental Protection Agency regarding BP’s temporary suspension relates only to future potential contracts with the US government. The temporary suspension does not affect any existing contracts the company has with the US government, including those relating to current and ongoing drilling and production operations in the Gulf of Mexico. The EPA’s action is pursuant to administrative procedures providing for discretionary suspension until a company can demonstrate "present responsibility" to conduct business with the US government. BP has been in regular dialogue with the EPA and has already provided both a present responsibility statement of more than 100 pages and supplemental answers to the EPA's questions based on that submission. Moreover, in support of BP’s efforts to establish present responsibility, the US Department of Justice agreed, in the plea agreement, that it will advise any appropriate suspension or debarment authority that in the Department’s view, BP has accepted criminal responsibility for its conduct relating to the Deepwater Horizon blowout, explosion, oil spill and response. The EPA has informed BP that it is preparing a proposed administrative agreement that, if agreed upon, would effectively resolve and lift this temporary suspension. The EPA notified BP that such a draft agreement would be available soon."
News For BP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 6, 2015
13:53 EDTBPLarge oil companies find profits in trading operations, WSJ says
Subscribe for More Information
May 4, 2015
07:19 EDTBPCredit Suisse to hold a conference tour
Subscribe for More Information
April 30, 2015
09:01 EDTBPExxon begins oil production ahead of schedule at Kizomba Satellites Phase 2
Subscribe for More Information
April 28, 2015
08:46 EDTBPOn The Fly: Pre-market Movers
Subscribe for More Information
06:27 EDTBPBP sees Q2 production lower than Q1, refining margins similar
BP said, "Looking ahead, we expect second-quarter 2015 reported production to be lower than the first quarter, reflecting significant seasonal turnaround and maintenance activity, primarily in the Gulf of Mexico, and PSA entitlement impacts." It added, "In the second quarter we expect refining margins to be similar to the first quarter and a significantly higher level of turnaround activity."
06:23 EDTBPBP reports Q1 replacement cost profit $2.58B vs. $3.23B last year
Subscribe for More Information
April 27, 2015
15:04 EDTBPNotable companies reporting before tomorrow's open
Subscribe for More Information
06:25 EDTBPBritish government would oppose any takeover of BP, FT reports
The British government has told BP (BP) that it wants the company to remain a "British industrial champion" and it would oppose any takeover of the the company, The Financial Times reports. British officials have said the government would be "skeptical" about any takeover, even if it involves Royal Dutch Shell (RDS.A) because it wants the country to have two big global oil companies. Analysts have previously named ExxonMobil (XOM) as possible suitor for BP. Reference Link
April 23, 2015
14:29 EDTBPBP sells North Sea gas pipeline system stake, Telegraph says
BP has agreed to sell a stake in the Central Area Transmission System, a North Sea gas pipeline system, for GBP324M, according to The Telegraph. Reference Link

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use